SECOND CHANCER FOUNDATION 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

Principal Officer

JESSE CROSSON

Tax Period

2022-01-01 to 2022-12-31

SECOND CHANCER FOUNDATION INC, founded in 2022, is a small nonprofit in the Mental Health sector that reported $254K in total revenue in fiscal year 2022. The organization ran a surplus of $203K, a strong 80% operating margin.

Mission

OUR GOAL IS TO CREATE A SOCIETY WHERE JUSTICE IMPACTED INDIVIDUALS ARE VIEWED WITH EMPATHY GAINED THROUGH AN UNDERSTANDING OF THE CHALLENGES ASSOCIATED WITH THE EXPERIENCE OF INCARCERATION.

Program Service Accomplishments

Program 1

Expenses: $51,092

IN 2022 THE SECOND CHANCER FOUNDATION RAN REENTRY CLASSES FOR ADULT RETURNING CITIZENS AT THE UVA EQUITY CENTER, BROUGHT RESOURCES INTO THE LOCAL JAIL AND JUVENILE CENTER AND WORKED WITH NUMEROUS...

IN 2022 THE SECOND CHANCER FOUNDATION RAN REENTRY CLASSES FOR ADULT RETURNING CITIZENS AT THE UVA EQUITY CENTER, BROUGHT RESOURCES INTO THE LOCAL JAIL AND JUVENILE CENTER AND WORKED WITH NUMEROUS COMMUNITY PARTNERS TO CREATE PATHWAYS TO SUCCESS FOR INDIVIDUALS RETURNING FROM INCARCERATION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $254,461

Program Service Revenue $0

Investment Income $1

Other Revenue $0

TOTAL REVENUE $254,462

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,000

Fundraising Expenses $0

Program Expenses $51,092

Other Expenses $11,092

TOTAL EXPENSES $51,092

Year-over-Year Comparison

	2022	2021	Change
Revenue	$254,462	N/A	N/A
Expenses	$51,092	N/A	N/A
Net Income	$203,370	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

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

$40,000

Total Directors