SECOND CHANCE EDUCATION 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

2020

Legal Domicile

Principal Officer

ARASH BORHANY

Phone

9166661847

Tax Period

2023-01-01 to 2023-12-31

SECOND CHANCE EDUCATION INC, founded in 2020, is a small nonprofit in the Education sector that reported $246K in total revenue in fiscal year 2023. Expenses of $234K left a modest 5% surplus.

Mission

Giving a second chance to the underserved population of society to improve their well-being and lives through education and employment in the United States, become taxpayer, and participate in creating a better society for all.

Program Service Accomplishments

Program 1

Expenses: $157,465

TRIO: Second Chance Education is ONE of SEVEN institutions in California that are federally funded by the US Department of Education for Educational Opportunity Center (EOC) TRiO. While we are...

TRIO: Second Chance Education is ONE of SEVEN institutions in California that are federally funded by the US Department of Education for Educational Opportunity Center (EOC) TRiO. While we are piloting this new program to serve communities, we welcome and appreciate any help, support, and feedback. We have multilingual staff speaking various languages, including Farsi/Dari, Russian, Spanish, Turkish, German, etc. We also provide an automated translator through a phone application during our in-takes/meetings when needed. Vital for the progression of underrepresented populations

Program 2

Expenses: $8,288

ESL: SECOND CHANCE EDUCTION PROVIDES CRITICAL ENGLISH AS A SECOND LANGUAGE (ESL) SERVICES TO OUR TRIO MEMBERS AS WELL AS MEMBERS OF THE COMMUNITY SEEKING TO COMPLETE THE FAFSA AND OTHER EDUCTION...

ESL: SECOND CHANCE EDUCTION PROVIDES CRITICAL ENGLISH AS A SECOND LANGUAGE (ESL) SERVICES TO OUR TRIO MEMBERS AS WELL AS MEMBERS OF THE COMMUNITY SEEKING TO COMPLETE THE FAFSA AND OTHER EDUCTION RELATED FORMS.

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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 $245,050

Program Service Revenue $0

Investment Income $639

Other Revenue $0

TOTAL REVENUE $245,689

Expense Breakdown

Grants Paid $0

Salaries & Benefits $177,453

Fundraising Expenses $814

Program Expenses $165,753

Other Expenses $54,142

TOTAL EXPENSES $233,879

Year-over-Year Comparison

	2023	2022	Change
Revenue	$245,689	N/A	N/A
Expenses	$233,879	N/A	N/A
Net Income	$11,810	N/A	N/A

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

$59,509

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARASH BORHANY	CEO	0.00	Officer Highest	$59,509	$0	$59,509
AMIR ASSADIRAD	MEMBER OF THE BOARD	1.00	Director	$0	$0	$0
REZA TABRIZI	MEMBER OF THE BOARD	1.00	Director	$0	$0	$0
MOHSEN SAMADZADEH	MEMBER OF THE BOARD	1.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$245,689	$233,879	$36,251	$11,810