HER 2ND CHANCE INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Principal Officer

CHRISTOPHER MALFITANO

Phone

5614056346

Tax Period

2024-01-01 to 2024-12-31

HER 2ND CHANCE INC is a small nonprofit in the Public & Societal Benefit sector that reported $656K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $109K, a strong 17% operating margin.

Mission

WE CREATE JOBS THAT HELP WOMEN IN RECOVERY FLOURISH BY OFFERING EMPLOYMENT OPPORTUNITIES IN A CARING, DISCIPLINED SOCIAL ENTERPRISE OPERATION. WE AIM TO BE THE LAUNCHING PAD WHERE THE WOMEN IN OUR PROGRAM CAN REACQUIRE SELF- RESPECT BEGINNING TO WORK TOWARDS SELF-SUFFICIENCY POINTING TO A BRIGHTER SOBER FUTURE. THUS BREAKING THE CYCLE OF SHAME AND HOPELESSNESS THAT PERPETUATES RELAPSES.

Program Service Accomplishments

Program 1

Expenses: $450,895

WE HAVE ONE PROGRAM SERVICE - TO OFFER JOBS TO WOMEN IN RECOVERY. THE WOMEN WE EMPLOY HAVE OVERCOME SIGNIFICANT OBSTACLES IN THEIR LIVES, RANGING FROM ABUSE AND POST TRAUMATIC STRESS DISORDER TO...

WE HAVE ONE PROGRAM SERVICE - TO OFFER JOBS TO WOMEN IN RECOVERY. THE WOMEN WE EMPLOY HAVE OVERCOME SIGNIFICANT OBSTACLES IN THEIR LIVES, RANGING FROM ABUSE AND POST TRAUMATIC STRESS DISORDER TO ADDICTION AND HOMELESSNESS. WE OFFER THEM JOBS THROUGH THE SOCIAL ENTERPRISE MODEL, WHICH ALLOWS US TO SELF-FUND A PORTION OF OUR PROGRAM, WHILE GIVING OUR PROGRAM PARTICIPANTS RELEVANT AND MARKETABLE WORK EXPERIENCE IN A REAL-WORLD SETTING. OUR SOCIAL ENTERPRISE IS A PRODUCT BASED ECOMMERCE SHOP. THE MAJORITY OF OUR LADIES ARE TRANSITIONAL EMPLOYEES; WE OFFER THEM A CARING ENVIRONMENT OF STRUCTURED JOBS TO HELP THEM OVERCOME OBSTACLES TO RE- ENTERING THE WORKFORCE. THEY, FOR THE MOST PART, PERFORM ENTRY LEVEL TASKS INCLUDING CUSTOMER SERVICE AND ORDER FULFILLMENT. EACH OF THESE FUNCTIONAL AREAS IS DESIGNED TO ALLOW THE PROGRAM PARTICPANTS TO MOVE TO A ROLE IN THE TRADITIONAL WORKFORCE. WE ALSO OFFER A SELECT NUMBER OF PROGRAM PARTICPANTS LONGER-TERM LEADERSHIP ROLES TO HELP US GROW OUR SOCIAL ENTERPRISE THEREBY CREATING MORE JOB OPPORTUNITIES. IN ADDITION, WE PROVIDE SEVERAL WELLNESS ACTIVITIES REGULARLY ALONG WITH TUTORIAL PROGRAMS TO AID IN OUR PARTICIPANTS' ABILITY TO SUCCESSFULLY COMPETE FOR AND RETAIN JOBS IN THE REAL-WORLD. ALL OF OUR PARTICIPANTS SELF-IDENTIFY AS BEING IN RECOVERY FROM A VARIETY OF SITUATIONS AND CONDITIONS. EACH IS GRATEFUL FOR THE OPPORTUNITY WE PROVIDE. WE ARE, IN TURN, BOTH HUMBLED AND THRILLED TO SEE THEIR HARD WORK BUILD A BRIGHTER FUTURE FOR THEMSELVES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $657,881

Program Service Revenue $0

Investment Income $6,171

Other Revenue $-8,482

TOTAL REVENUE $655,570

Expense Breakdown

Grants Paid $0

Salaries & Benefits $383,706

Fundraising Expenses $71,920

Program Expenses $450,895

Other Expenses $163,004

TOTAL EXPENSES $546,710

Year-over-Year Comparison

	2024	2023	Change
Revenue	$655,570	$578,052	+0.1%
Expenses	$546,710	$458,576	+0.2%
Net Income	$108,860	$119,476	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEELY CARNEY	FOUNDER & DI	1.00	Director	$0	$0	$0
CHRISTOPHER MALFITANO	PRESIDENT &	1.00	Officer Director	$0	$0	$0
CASEY L GUNNELL	TREASURER &	1.00	Officer Director	$0	$0	$0
SARAH LUCAS	SECRETARY &	1.00	Officer Director	$0	$0	$0
JOEL L MOSES	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE ROSETTO	DIRECTOR	1.00	Director	$0	$0	$0
ARIADNE REIMAN	DIRECTOR	1.00	Director	$0	$0	$0
CATERINE SILK	DIRECTOR	1.00	Director	$0	$0	$0
MARSHA GLINES	DIRECTOR	1.00	Director	$0	$0	$0
MARK GUZZETTA	DIRECTOR	1.00	Director	$0	$0	$0
JAMES MACCUTCHEON	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE SENA	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$655,570	$546,710	$437,845	$108,860
2023	$578,052	$458,576	$319,505	$119,476
2022	$448,035	$438,297	$194,528	$9,738
2021	$383,123	$384,463	$193,054	$-1,340
2020	$418,698	$343,307	$227,111	$75,391