SECOND CHANCE RE-ENTRY INITIATIVE PROGRAM

EIN: 842846352 501(c)(3) Education

HARTFORD, CT

Total Revenue
$374,316
Total Expenses
$419,807
Total Assets
$23,026
Net Assets
$-39,307
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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
CT
Principal Officer
EDWARD ANDREW
Phone
8604002488
Tax Period
2023-07-01 to 2024-06-30

SECOND CHANCE RE-ENTRY INITIATIVE PROGRAM, founded in 2019, is a small nonprofit in the Education sector that reported $374K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $420K exceeded revenue, resulting in a 12% operating deficit.

Mission

PROVIDE HOUSING TO INDIVIDUAL COMING OUT OF PRISON AND ASSITING IN TRANSITION TO THE OUTSIDE WORLD

Program Service Accomplishments

Program 1

PROVIDE HOUSING TO INDIVIDUAL COMING OUT OF PRISON AND ASSITING IN TRANSITION TO THE OUTSIDE WORLD

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $374,316
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $374,316

Expense Breakdown

Grants Paid $0
Salaries & Benefits $164,410
Fundraising Expenses $0
Other Expenses $255,397
TOTAL EXPENSES $419,807

Year-over-Year Comparison

2023 2022 Change
Revenue $374,316 $296,708 +0.3%
Expenses $419,807 $290,524 +0.4%
Net Income $-45,491 $6,184 -8.4%
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

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Governance

Voting Members
12
Independent Members
12
Employees
10
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWARD ANDREWS PRESIDENT 040.00
Officer Highest
$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 $374,316 $419,807 $23,026 $-45,491
2023 $296,708 $290,524 $17,019 $6,184
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