Second Chance Center Inc (EIN 900794239) - Form 990 Financial Analysis & Trantor Score

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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

2012

Legal Domicile

Principal Officer

Damond McCready

Phone

3035375838

Tax Period

2024-07-01 to 2025-06-30

Second Chance Center Inc, founded in 2012, is a mid-sized nonprofit in the Human Services sector that reported $11.0M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $9.8M left a modest 12% surplus.

Mission

To help formerly incarcerated people transition to lives of success and fulfillment.

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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 (2024)

Revenue Breakdown

Contributions & Grants $8,931,512

Program Service Revenue $2,002,241

Investment Income $93,024

Other Revenue $10,722

TOTAL REVENUE $11,037,499

Expense Breakdown

Grants Paid $1,086,687

Salaries & Benefits $6,491,248

Fundraising Expenses $241,860

Program Expenses $8,047,224

Other Expenses $2,186,384

TOTAL EXPENSES $9,764,319

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,037,499	$8,886,402	+0.2%
Expenses	$9,764,319	$7,483,706	+0.3%
Net Income	$1,273,180	$1,402,696	-0.1%

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

117

Volunteers

100

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

$523,498

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cherie Mason	Chair	2.50	Officer Director	$0	$0	$0
Jennifer Fairweather	Vice Chair	2.50	Officer Director	$0	$0	$0
David Maxted	Secretary	2.50	Officer Director	$0	$0	$0
Lindsey Simek Cox	Treasurer	2.50	Officer Director	$0	$0	$0
Rhoda Blough	Director	2.50	Director	$0	$0	$0
Marcus Johnson	Director	2.50	Director	$0	$0	$0
Cooper Mojsiejenko	Director	2.50	Director	$0	$0	$0
Juston Cooper	Director (joined in Oct)	2.50	Director	$0	$0	$0
Damond McCready	Executive Director	40.00	Officer	$174,149	$15,539	$189,688
Candice Sporhase-White	Deputy Executive Director	40.00	Officer	$164,015	$17,107	$181,122
Ilyas El-Amin	Deputy Executive Director	40.00	Officer	$109,649	$5,475	$115,124
Karen DeGroot - Director	of Finance (joined in Oct)	40.00	Officer	$33,270	$4,294	$37,564

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	$11,037,499	$9,764,319	$21,963,852	$1,273,180
2024	$8,886,402	$7,483,706	$9,372,621	$1,402,696
2023	$6,311,486	$6,152,701	$10,243,517	$158,785
2022	$7,581,389	$5,535,073	$9,569,626	$2,046,316
2021	$4,950,099	$3,220,337	$4,565,272	$1,729,762
2020	$2,470,697	$2,195,130	$1,344,564	$275,567
2019	$1,977,776	$1,534,517	$784,740	$443,259
2018	$1,190,307	$981,208	$328,731	$209,099

Second Chance Center Inc