SECOND STREET SECOND CHANCES 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

2022

Legal Domicile

Principal Officer

MARK GOLD

Phone

4134437220

Tax Period

2025-01-01 to 2025-12-31

SECOND STREET SECOND CHANCES INC, founded in 2022, is a small nonprofit in the Crime & Legal sector that reported $789K in total revenue in fiscal year 2025. Revenue decreased 14% compared to the prior year. Expenses of $1.0M exceeded revenue, resulting in a 27% operating deficit.

Mission

RESEARCH AND COMMUNITY LEADERS CONFIRM THAT INCARCERATED INDIVIDUALS WHO RECEIVE SUPPORT GREATLY INCREASE THEIR CHANCES TO CONTINUE ON A PATH TO RESPONSIBLE CITIZENSHIP AND POSITIVE ENGAGEMENT. SECOND STREET SECOND CHANCES, INC. MISSION IS TO TREAT FORMERLY INCARCERATED INDIVIDUALS WITH RESPECT AND ENCOURAGEMENT, PROVIDE THEM WITH JOB READINESS SKILLS AND ACCESS TO JOB OPPORTUNITIES, PREPARING THEM TO BECOME PRODUCTIVE AND CONTRIBUTING MEMBERS OF THEIR COMMUNITIES, AND EDUCATING AND ADVOCATING FOR COMMUNITIES TO EMBRACE THEM AS SUCH.

Program Service Accomplishments

Program 1

Expenses: $873,960

SECOND STREET COORDINATES A MYRIAD OF SERVICES, ON SITE AND WITHIN THE COMMUNITY, AT A CONVENIENT AND WELCOMING ONE-STOP FACILITY. PRIOR TO A PERSON BEING RELEASED FROM THE BERKSHIRE COUNTY HOUSE OF CORRECTIONS, THEY ARE MADE AWARE OF THE SERVICES PROVIDED AT SECOND STREET. THE FIRST 72 HOURS AFTER RELEASE ARE CRITICAL TO THE CLIENTS SUCCESS. OUR COMMUNITY RESOURCE NAVIGATORS CONNECT WITH THEM TO ASSESS THEIR NEEDS. SERVICES AND REFERRALS ARE PROVIDED REGARDLESS OF HOW LONG AGO INCARCERATION TOOK PLACE AND INCLUDE: MEDICAL MENTAL HEALTH SUBSTANCE USE DISORDER SERVICES FINANCIAL RESOURCES AND LITERACY TRANSPORTATION FAMILY REUNIFICATION HOUSING EMPLOYMENT JOB TRAINING LEGAL SERVICES SUPPORT AND ENCOURAGEMENT THE STAFF AT SECOND STREET WORKS WITH EACH CLIENT TO DEVELOP AND INDIVIDUALIZED RE-ENTRY PLAN.

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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 $782,081

Program Service Revenue $0

Investment Income $7,393

Other Revenue $0

TOTAL REVENUE $789,474

Expense Breakdown

Grants Paid $0

Salaries & Benefits $600,004

Fundraising Expenses $0

Program Expenses $873,960

Other Expenses $405,583

TOTAL EXPENSES $1,005,587

Year-over-Year Comparison

	2025	2024	Change
Revenue	$789,474	$918,060	-0.1%
Expenses	$1,005,587	$888,824	+0.1%
Net Income	$-216,113	$29,236	-8.4%

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

$103,869

Total Directors