SECOND CHANCE SOBER LIVING INC (EIN 831662301) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

BRIAN HUGHES

Phone

6157151685

Tax Period

2023-01-01 to 2023-12-31

SECOND CHANCE SOBER LIVING INC, founded in 2018, is a small nonprofit in the Mental Health sector that reported $939K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

SECOND CHANCE SOBER LIVING, INC. OPERATES HALF-WAY HOUSE RESIDENTIAL FACILITIES AND OFFERS COACHING/CONSULTING SERVICES TO RESIDENTS WHO ARE RECOVERING FROM SUBSTANCE ABUSE AND ADDICTION.

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Trantor Score

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

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $32,643

Program Service Revenue $906,290

Investment Income $0

Other Revenue $0

TOTAL REVENUE $938,933

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $915,910

Other Expenses $922,376

TOTAL EXPENSES $922,376

Year-over-Year Comparison

	2023	2022	Change
Revenue	$938,933	$825,071	+0.1%
Expenses	$922,376	$835,528	+0.1%
Net Income	$16,557	$-10,457	-2.6%

Key Indicators

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

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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

N/A

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

$240,000

Total Directors

$240,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN HUGHES	PRESIDENT	50.00	Officer Director	$240,000	$0	$240,000

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	No data	No data	No data	No data
2023	$938,933	$922,376	$24,747	$16,557
2022	$825,071	$835,528	$26,021	$-10,457
2021	$790,062	$829,460	$11,774	$-39,398
2020	$789,706	$810,609	$59,578	$-20,903

SECOND CHANCE SOBER LIVING INC