SECOND CHANCES OF UNION COUNTY (EIN 874086291) - 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

2022

Legal Domicile

Principal Officer

TOM MCCARTHY

Phone

9377071171

Tax Period

2024-01-01 to 2024-12-31

SECOND CHANCES OF UNION COUNTY, founded in 2022, is a small nonprofit in the Human Services sector that reported $677K in total revenue in fiscal year 2024. Revenue surged 58% from the prior year, signaling strong growth momentum. Expenses of $582K left a modest 14% surplus.

Mission

Operate a Christian and community based thrifstore for the purpose of generating funds for existing charitiies services families and individuals in crisis in Union County, OH. Partner with other non-profits to assist in the fulfillment of their missions

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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 $13,417

Program Service Revenue $660,494

Investment Income $2,964

Other Revenue $0

TOTAL REVENUE $676,875

Expense Breakdown

Grants Paid $124,500

Salaries & Benefits $143,361

Fundraising Expenses $0

Program Expenses $581,572

Other Expenses $313,711

TOTAL EXPENSES $581,572

Year-over-Year Comparison

	2024	2023	Change
Revenue	$676,875	$429,688	+0.6%
Expenses	$581,572	$369,402	+0.6%
Net Income	$95,303	$60,286	+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

Employees

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tom cCarthy	Chairman	40	Officer Director	$0	$0	$0
Dave Amrine	Vice-Chairman	1	Officer Director	$0	$0	$0
Pam Sturwold	Secretary	2	Officer Director	$0	$0	$0
Lynne Bauman Allen	Treasurer	13	Officer Director	$0	$0	$0
Amy McCarthy	Director	40	Director	$0	$0	$0
Megan McCarthy Collins	Director	1	Director	$0	$0	$0
Bob Schwyn	Director	1	Director	$0	$0	$0
Lorie Spain	Director	1	Director	$0	$0	$0
Paul Mills	Director/Attorney	1	Director	$0	$0	$0
Steve Cook	Transportation Director	10	Director	$0	$0	$0
Steve Neal	Director	1	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	$676,875	$581,572	$278,888	$95,303
2023	$429,688	$369,402	$214,272	$60,286
2022	$267,959	$190,829	$100,314	$77,130

SECOND CHANCES OF UNION COUNTY