2ND CHANCE MINISTRY INC (EIN 852953800) - 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

2021

Legal Domicile

Principal Officer

Brenda Guzman

Phone

5708505921

Tax Period

2023-01-01 to 2023-12-31

2ND CHANCE MINISTRY INC, founded in 2021, is a small nonprofit in the Mental Health sector that reported $331K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $320K left a modest 3% surplus.

Mission

Treatment program for those with addictions to alcohol or drugs. Treatment includes group sessions, private sessions and treatment sessions and work program to develop appropriate social skills. The program is 18 months so as we started in August 2021 so no one has graduated, but many are continuing successfully. We started with 8 attendees, and are currently at 18 men.

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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 $0

Program Service Revenue $331,454

Investment Income $0

Other Revenue $0

TOTAL REVENUE $331,454

Expense Breakdown

Grants Paid $0

Salaries & Benefits $61,600

Fundraising Expenses $0

Program Expenses $320,013

Other Expenses $258,413

TOTAL EXPENSES $320,013

Year-over-Year Comparison

	2023	2022	Change
Revenue	$331,454	$280,313	+0.2%
Expenses	$320,013	$269,568	+0.2%
Net Income	$11,441	$10,745	+0.1%

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

Total Directors

$25,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Aldo Guzman	Director	65.00	Director	$25,000	$0	$25,000
Anmarie Shehata	Sec/Treas	3	Officer	$0	$0	$0
Brenda Guzman	President	5	Officer	$0	$0	$0
Eileen Salas	Vice President	2	Officer	$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	No data	No data	No data	No data
2023	$331,454	$320,013	$26,207	$11,441
2022	$280,313	$269,568	$14,766	$10,745

2ND CHANCE MINISTRY INC