2ND MILK INC (EIN 901112924) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2015

Legal Domicile

Principal Officer

JASON CARNEY

Phone

4794664001

Tax Period

2022-01-01 to 2022-12-31

2ND MILK INC, founded in 2015, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $239K in total revenue in fiscal year 2018. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $276K exceeded revenue, resulting in a 15% operating deficit.

Mission

2ND MILK IS COMMITTED TO SAVING THE LIVES OF MALNOURISHED AND ORPHANED INFANTS IN AFRICA AND AROUND THE GLOBE. THE ORGANIZATION IS A SPONSORSHIP PROGRAM WHERE WE DELIVER FORMULA, FOOD, BLANKETS AND BOTTLES FOR BABIES EACH WEEK, FROM BIRTH THROUGH AGE 2. OUR PROGRAM CONTINUES THROUGH AGE 5, WHERE NUTRITION AND TRAINING IS CONTINUALLY PROVIDED. IF A CHILD IN OUR PROGRAM BECOMES ABANDONED OR ORPHANED, WE PARTNER WITH OUR HAGUE-APPROVED ADOPTION AGENCY WHO FACILITATES INTERNATIONAL ADOPTION. 2NDMILK ALSO ESTABLISHES FARMS WHICH PROVIDE LOCAL PROTEIN AND JOBS IN THOSE COMMUNITIES, AS WELL AS NUTRITION TO CHILDREN IN OUR PROGRAM. THE INCOME FROM THE CHICKEN HOUSES IS USED TO SEND THE CHILDREN IN OUR PROGRAM TO PRIVATE, CHRISTIAN SCHOOLS. OUR ORGANIZATION PROVIDES FOR THE VULNERABLE AND EQUIPS THEM WITH RESOURCES AND KNOWLEDGE TO LIVE A HEALTHY LIFE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $823,186

Program Service Revenue $0

Investment Income $0

Other Revenue $33,000

TOTAL REVENUE $856,186

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,780

Fundraising Expenses $5,902

Program Expenses $808,644

Other Expenses $814,061

TOTAL EXPENSES $831,841

Year-over-Year Comparison

	2022	2021	Change
Revenue	$856,186	$644,387	+0.3%
Expenses	$831,841	$626,699	+0.3%
Net Income	$24,345	$17,688	+0.4%

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

$17,780

Total Directors

$17,780

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON CARNEY	BOARD CHAIR & PRESID	20.00	Officer Director	$17,780	$0	$17,780
LACEY CARNEY	CFO	1.00	Officer Director	$0	$0	$0
CASEY PIERCE	BOARD MEMBER	1.00	Director	$0	$0	$0
DAMON HILL	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY HOEME	BOARD MEMBER	1.00	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
2022	$856,186	$831,841	$43,278	$24,345
2021	$644,387	$626,699	$18,933	$17,688
2020	$342,463	$341,394	$1,245	$1,069
2019	$419,076	$419,238	$176	$-162
2018	$239,465	$276,163	$338	$-36,698

2ND MILK INC