EXTRA CHANCE INCORPORATED

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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

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.

Program Service Accomplishments

Program 1

Expenses: $42,900

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%)

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

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

Key Employees

Highest Compensated

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