EXTRA CHANCE INCORPORATED

EIN: 881678457 501(c)(3) Human Services

MIDDLE RIVER, MD

Total Revenue
N/A
Total Expenses
$44,054
Total Assets
$63,721
Net Assets
$63,721
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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
MD
Principal Officer
OTUOMA ESOCHAGHI
Phone
4105531341
Tax Period
2023-01-01 to 2023-12-31

Mission

EXTRA CHANCE INCORPORATED'S MISSION IS TO EXPAND PRIVILEGES FOR THE LESS FORTUNATE IN THE SOCIETY BY PROVIDING THEM HELP AND SUPPORT.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $39,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $42,900
Other Expenses $5,054
TOTAL EXPENSES $44,054

Year-over-Year Comparison

2023 2022 Change
Revenue N/A $280,000 -1.0%
Expenses $44,054 $172,225 -0.7%
Net Income N/A $107,775 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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
10

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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR CHIBUIKE ANUCHA DIRECTOR N/A
Director
$0 $0 $0
OTUOMA ESOCHAGHI PRESIDENT 2.00
Officer Director
$0 $0 $0
BENJAMIN NWOKELEME JR SECRETARY N/A
Officer Director
$0 $0 $0
MBAUKWU NWAKANMA DIRECTOR N/A
Director
$0 $0 $0
BENJAMIN NWOKELEME VICE PRESIDE 2.00
Officer Director
$0 $0 $0
PRECIOUS NWOKELEME DIRECTOR N/A
Director
$0 $0 $0
TREASURE NWOKELEME DIRECTOR N/A
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 No data No data No data No data
2023 No data $44,054 $63,721 No data
2022 $280,000 $172,225 $107,775 $107,775
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