SECOND CHANCE CARS INC

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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

2019

Legal Domicile

Principal Officer

DAN HOLIN

Phone

9787603201

Tax Period

2023-01-01 to 2023-12-31

SECOND CHANCE CARS INC, founded in 2019, is a small nonprofit in the Human Services sector that reported $250K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $225K left a modest 10% surplus.

Mission

PROVISION OF AFFORDABLE TRANSPORTATION VEHICLES TO ALLOW LOW INCOME PEOPLE THE ABILITY TO ENTER THE WORKFORCE.

Program Service Accomplishments

Program 1

Expenses: $211,573 Revenue: $175,789

PROVIDE AFFORABLE VEHICLE OWNERSHIP TO LOW INCOME INDIVIDUALS ALLOWING THEM TO ENTER THE WORKFORCE.

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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 $74,090

Program Service Revenue $175,775

Investment Income $14

Other Revenue $0

TOTAL REVENUE $249,879

Expense Breakdown

Grants Paid $0

Salaries & Benefits $105,263

Fundraising Expenses $0

Program Expenses $211,573

Other Expenses $119,267

TOTAL EXPENSES $224,530

Year-over-Year Comparison

	2023	2022	Change
Revenue	$249,879	$205,564	+0.2%
Expenses	$224,530	$190,676	+0.2%
Net Income	$25,349	$14,888	+0.7%

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

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

$95,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN RIZZI	SECRETARY	1.00	Director	$0	$0	$0
DON RYDER	VICE CHAIRMAN	1.00	Director	$0	$0	$0
TOM BRIGIOTTA	TREASURER	1.00	Director	$0	$0	$0
DAN HOLIN	EXECUTIVE DIRECTOR	35.00	Officer	$95,000	$0	$95,000

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	$249,879	$224,530	$158,660	$25,349
2022	$205,564	$190,676	$133,311	$14,888
2021	$224,572	$173,789	$118,421	$50,783
2020	$225,687	$185,661	$67,640	$40,026