Diseases & Disorders (G99Z) IRS Verified DX Registered 990 on File

SECOND CHANCE FOR LIFE FOUNDATION

EIN: 41-1657091 · ROSEVILLE, MN 55113-0013 · United States · FY 2026 Data

3 out of 5 58 / 100 Based on 2+ years of filings

Financial strength (30%) 87/100

Reliability (20%) 55/100

Effectiveness (25%) 83/100

Impact (25%) No data yet

Financial data: FY 2026 · Scored 9/13/2026

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CharityAI™ Score

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Mission Statement

The mission of the Second Chance for Life Foundation is to help individuals and their caregivers navigate the challenges that come with receiving a heart transplant or a left ventricular assist device (LVAD) at the University of Minnesota medical facilities. We strive to support patients through some of life’s most difficult times—mentally, physically, emotionally, and financially.

Financial Overview — FY 2026

$42K

Total Revenue

$78K

Total Expenses

$322K

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 83.9%

Fundraising Efficiency 0.0%

Operating Reserve 49.58x

Liability-to-Asset 0.3%

Revenue Diversification 35.9%

Compared with Peers

FY 2026

Compared with 21 similar organizations (United States, Diseases & Disorders, under $100K in expenses), FY 2026.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	83.9%	86.8%	P10P90	Below median
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	0.0%	46.8%	P10P90	Top quarter
Operating reserve Months of expenses covered by net assets · higher is better	49.6 mo	38.0 mo	P10P90	Above median
Liabilities to assets Total liabilities / total assets · lower is better	0.3%	0.1%	P10P90	Below median
Revenue concentration Share of revenue from the largest source · lower is better	35.9%	97.4%	P10P90	Top quarter
Revenue growth Year over year revenue growth	-9.2%	21.1%	P10P90
Expense growth Year over year expense growth	41.5%	7.7%	P10P90
Surplus margin Surplus as a share of revenue	-84.6%	17.5%	P10P90

Officers & Board Members

1 person

Name	Title	Location	Type	Status
Jim Berg	President	—	Officer	Active

Financial History

Year	Revenue	Expenses	Net Assets	Program %
2026	$42K	$78K	$322K	83.9%
2025	$46K	$55K	$343K	75.3%
2024	$46K	$35K	$362K	62.7%
2023	$77K	$44K	$355K	73.0%
2022	$65K	$36K	N/A	—

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Organization Details

EIN: 41-1657091
State: MN
City: ROSEVILLE
ZIP: 55113-0013
Classification: G99Z
Category: Diseases & Disorders
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 1986
Foundation Code: 15
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

★★★★★ 80–100 ★★★★☆ 60–79 ★★★☆☆ 40–59 ★★☆☆☆ 20–39 ★☆☆☆☆ 1–19

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The coverage grade (A to D) says how much filing data the score rests on; NONE means there is not enough to rate.
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