THE SECOND STORY FOUNDATION

EIN: 883942345 501(c)(3) Mental Health

CRETE, IL

Total Revenue
$562,223
Total Expenses
$372,858
Total Assets
$1,474,846
Net Assets
$628,497
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
IL
Principal Officer
JAMES OCONNOR
Phone
7089292978
Tax Period
2025-01-01 to 2025-12-31

THE SECOND STORY FOUNDATION, founded in 2022, is a small nonprofit in the Mental Health sector that reported $562K in total revenue in fiscal year 2025. Revenue surged 111% from the prior year, signaling strong growth momentum. The organization ran a surplus of $189K, a strong 34% operating margin.

Mission

To help those in early recovery from severe substance use disorder build new, full lives.

Program Service Accomplishments

Program 1
Expenses: $274,964 Revenue: $102,149

To offer individuals who have successfully completed the Pathway to Sobriety program at the Center of Palos Park transition to independent housing.

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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 (2025)

Revenue Breakdown

Contributions & Grants $460,074
Program Service Revenue $102,149
Investment Income $0
Other Revenue $0
TOTAL REVENUE $562,223

Expense Breakdown

Grants Paid $0
Salaries & Benefits $77,983
Fundraising Expenses $0
Program Expenses $274,964
Other Expenses $294,875
TOTAL EXPENSES $372,858

Year-over-Year Comparison

2025 2024 Change
Revenue $562,223 $265,869 +1.1%
Expenses $372,858 $152,520 +1.4%
Net Income $189,365 $113,349 +0.7%
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
5
Independent Members
5
Employees
2
Volunteers
150

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
6
$57,500
Key Employees
1
$57,500
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES OCONNOR EXECUTIVE DIRECTOR 40
Director Key Emp
$57,500 $0 $57,500
BRUCE BERE TREASURER 2
Officer Director
$0 $0 $0
KEN COWAN PRESIDENT 2
Officer Director
$0 $0 $0
BRIAN BARCLAY SECRETARY 2
Officer Director
$0 $0 $0
CHRIS BURESH DIRECTOR 2
Director
$0 $0 $0
WILLIAM HEPBURN BOARD MEMBER 2
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
2025 $562,223 $372,858 $1,474,846 $189,365
2024 $265,869 $152,520 $509,174 $113,349
2023 $401,389 $79,596 $326,748 $321,793
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