PROJECT SECOND CHANCE INC (EIN 832589365) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

TARA ZURAWSKI

Phone

2163466973

Tax Period

2024-01-01 to 2024-12-31

Project Second Chance Inc, founded in 2018, is a micro nonprofit in the Animal-Related sector that reported $83K in total revenue in fiscal year 2019. Revenue surged 2635% from the prior year, signaling strong growth momentum. Expenses of $72K left a modest 12% surplus.

Mission

DEDICATED TO RESCUING, REHABILITATING AND FINDING FOREVER HOMES FOR RESCUES FROM PUERTO RICO, DISASTER-HIT AREAS AND OTHER EMERGENCIES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $76,113

Program Service Revenue $21,160

Investment Income $0

Other Revenue $0

TOTAL REVENUE $97,273

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $215

Program Expenses $91,816

Other Expenses $98,335

TOTAL EXPENSES $98,335

Year-over-Year Comparison

	2024	2023	Change
Revenue	$97,273	$108,179	-0.1%
Expenses	$98,335	$107,927	-0.1%
Net Income	$-1,062	$252	-5.2%

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

Employees

N/A

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
TARA ZURAWSKI	PRESIDENT, TREASURER, EXEC	20.00	Officer Director	$0	$0	$0
KATHERINE SZUDY	SECRETARY	0.58	Officer 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
2025	No data	No data	No data	No data
2024	$97,273	$98,335	$7,770	$-1,062
2023	$108,179	$107,927	$8,832	$252
2022	$111,082	$120,673	$8,580	$-9,591
2021	$118,979	$126,110	$18,171	$-7,131
2020	$130,293	$118,801	$25,302	$11,492
2019	$82,537	$72,245	$13,810	$10,292

PROJECT SECOND CHANCE INC