ADONAIS SECOND CHANCES 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

2018

Legal Domicile

Principal Officer

KAREN SIMS

Phone

8134041565

Tax Period

2025-01-01 to 2025-12-31

ADONAIS SECOND CHANCES INC, founded in 2018, is a small nonprofit in the Employment sector that reported $163K in total revenue in fiscal year 2025. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $327K exceeded revenue, resulting in a 101% operating deficit.

Mission

TO EXPAND THE OPPORTUNITIES AVAILABLE TO SAID RESIDENTS AND GROUPS TO OWN, MANAGE AND OPERATE BUSINESS ENTERPRISES IN ECOOMICALY DEPRESSED AREAS, TO ASSIST SAID RESIDENTS AND GROUPS IN DEVELOPING ENTREPR

Program Service Accomplishments

Program 1

Expenses: $327,323 Revenue: $87,839

TO EXPAND THE OPPORTUNITIES AVAILABLE TO SAID RESIDENTS AND GROUPS TO

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $162,839

Investment Income $0

Other Revenue $0

TOTAL REVENUE $162,839

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $327,323

Other Expenses $327,323

TOTAL EXPENSES $327,323

Year-over-Year Comparison

	2025	2024	Change
Revenue	$162,839	$438,034	-0.6%
Expenses	$327,323	$349,207	-0.1%
Net Income	$-164,484	$88,827	-2.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN J SIMS	PRESIDENT	20	Officer Director	$0	$0	$0
KAREN ANDERSON	D/S	2	Officer Director	$0	$0	$0
ANDREA MITCHEL	VC VP T	2	Officer Director	$0	$0	$0
L WEISS	DIRECTOR	2	Officer Director	$0	$0	$0
SHANNON BURCH	DIRECTOR	2	Officer Director	$0	$0	$0
LEROY SIMS	DIRECTOR	15	Officer Director	$0	$0	$0
NICOLE STADOM	DIRECTOR	2	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	$162,839	$327,323	$53,121	$-164,484
2024	$438,034	$349,207	$340,237	$88,827
2023	$1,013,238	$814,006	$226,937	$199,232
2022	$596,550	$598,980	$156,298	$-2,430
2021	$26,429	$54,361	$56,012	$-27,932
2020	$16,259	$9,712	$2,424	$6,547
2019	$831	$731	$100	$100