ADONAIS SECOND CHANCES INC (EIN 843099454) - 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

KAREN SIMS

Phone

8134041565

Tax Period

2024-01-01 to 2024-12-31

ADONAIS SECOND CHANCES INC, founded in 2018, is a small nonprofit in the Employment sector that reported $438K in total revenue in fiscal year 2024. Revenue fell 57% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $89K, a strong 20% operating margin.

Mission

TO AID SAID INDIVIDUALS IN AREAS, TO ASSIST SAID RESIDENTS AND GROUPS IN DEVELOPING ENTREPRENE

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $438,034

Investment Income $0

Other Revenue $0

TOTAL REVENUE $438,034

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $349,207

Other Expenses $349,207

TOTAL EXPENSES $349,207

Year-over-Year Comparison

	2024	2023	Change
Revenue	$438,034	$1,013,238	-0.6%
Expenses	$349,207	$814,006	-0.6%
Net Income	$88,827	$199,232	-0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN J SIMS	PRESIDENT	10	Officer Director	$0	$0	$0
KAREN ANDERSON	VP/T	10	Officer Director	$0	$0	$0
E MUMFORD	SECURITY	10	Officer Director	$0	$0	$0
L WEISS	DIRECTOR	10	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
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

ADONAIS SECOND CHANCES INC