Best Chance
Nonprofit profile at a glance
- EIN
- 811702353
- IRS 990-EZ coverage
- 2018–2022
- Forms available
- Form 990-EZ 2022, Form 990-N 2017
- Location
- Albuquerque, NM, USA
- Phone
- 5052563231
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $119,742
- Expenses
- $127,820
- Assets
- $20,294
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- JEFF HOPPE MDIV (PRESIDENT)
- SCOTT SIBBETT PHD (VICE PRESIDENT)
- STANLEY WEINSTEIN EMBA (EXECUTIVE DIRECTOR)
People named in this filing
- MARGARET BROENNIMAN (SECRETARY)
- DANIEL ROWAN CPSW (MEMBER)
- CLIFF BLAUGRUND (MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Form 990-ez, part iii, primary exempt purpose - best chance helps men and women leaving prison and other individuals experiencing serious behavioral issues transition to rewarding lives in the community. We work to reduce recidivism by encouraging employment and the ability to cope with the stress of "life on the outside."
What it reported doing in 2022
Peer support for formerly incarcerated men: in 2022 peer support workers, well-trained, formerly incarcerated individuals who have exhibited strong recoveries and self-awareness, helped 430 recently released men and women transition to productive lives "on the outside". The peer support workers provide case management, help each participant gain and maintain employment, and help find housing for program participants who are experiencing homelessness. We also make referrals to behavioral health providers for those experiencing serious mental illness, and distribute the material support we give to each client. Among our peer support workers skills are the ability to facilitate support groups, as well as respond to each program participant's individual needs and priorities. Because best chance is a peer-led nonprofit organization, our budget for peer support workers is a major part of the best chance investment in our community. Our expenditure for peer support workers in 2022 was $56,240.
Operating model
- Revenue model
- Donor-supported. 86% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 68
- Transparency & Controls: 100
- Sustainability: 31
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 70.5%; rating input score 70
- Program expense ratio: 66%; rating input score 66
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -6.7%; rating input score 21; 21st percentile among comparable filings
- Total-asset coverage ratio: 0.16; rating input score 14; 14th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 78; 78th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 64; 64th percentile among comparable filings
Growth
- Program expense growth: 78.1% per year; rating input score 100; 95th percentile among comparable filings
- Revenue growth: 14.3% per year; rating input score 100; 75th percentile among comparable filings
- Asset growth: 28.5% per year; rating input score 100; 85th percentile among comparable filings
Details
- Where the money goes: 70.5% of revenue deployed · 66% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $84K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 5 filing years from 2018 to 2022
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Sustainability: Operating margin scored 21/100.
- High — Sustainability: Total-asset coverage ratio scored 14/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.