Second Chance Ministries Corp

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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

2021

Legal Domicile

Principal Officer

Wayne Lurch

Phone

4402211318

Tax Period

2025-01-01 to 2025-12-31

Second Chance Ministries Corp, founded in 2021, is a small nonprofit in the Religion sector that reported $508K in total revenue in fiscal year 2025. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $488K left a modest 4% surplus.

Mission

To preach the Gospel to the world To change lives with the truth of the Gospel

Program Service Accomplishments

Program 1

Expenses: $488,232 Revenue: $508,004

To preach the Gospel to the world, to give people hope in Jesus

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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 $508,004

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $508,004

Expense Breakdown

Grants Paid $0

Salaries & Benefits $135,940

Fundraising Expenses $0

Program Expenses $488,232

Other Expenses $352,292

TOTAL EXPENSES $488,232

Year-over-Year Comparison

	2025	2024	Change
Revenue	$508,004	$370,090	+0.4%
Expenses	$488,232	$337,655	+0.4%
Net Income	$19,772	$32,435	-0.4%

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

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

$105,240

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Wayne	Lurch	100.00	Officer	$66,700	$0	$66,700
Rachel	Rogers	80.00	Officer	$38,540	$0	$38,540
Antonio	Ramirez	80.00	Highest	$30,700	$0	$30,700

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	$508,004	$488,232	$44,289	$19,772
2024	$370,090	$337,655	$24,517	$32,435
2023	$388,545	$380,025	No data	$8,520
2022	$240,264	$352,814	$19,008	$-112,550