Abundant Life Community Developmen… - Form 990 Financial Data

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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

2007

Legal Domicile

Principal Officer

Ellis Fagbami

Phone

3029836436

Tax Period

2024-01-01 to 2024-12-31

Abundant Life Community Development Corp, founded in 2007, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

To provide day habilitation and prevocational training programs to Delaware State Communities

Program Service Accomplishments

Program 1

Expenses: $1,042,551 Revenue: $979,138

Provided Day habilitation and prevocational training to 105 participants

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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 $0

Program Service Revenue $979,138

Investment Income $0

Other Revenue $209,468

TOTAL REVENUE $1,188,606

Expense Breakdown

Grants Paid $0

Salaries & Benefits $793,894

Fundraising Expenses $0

Program Expenses $1,042,551

Other Expenses $389,221

TOTAL EXPENSES $1,183,115

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,188,606	$960,405	+0.2%
Expenses	$1,183,115	$852,882	+0.4%
Net Income	$5,491	$107,523	-0.9%

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

Volunteers

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

$88,400

Total Directors

$53,130

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ellis Fagbami	Executive Director	40.00	Officer	$88,400	$0	$88,400
Lucy Fagbami	Director	20.00	Director	$53,130	$0	$53,130
Folarin Osundina	Director	1.00	Director	$0	$0	$0
Kehinde Abegunde	Director	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
2024	$1,188,606	$1,183,115	$205,276	$5,491
2023	$960,405	$852,882	$186,078	$107,523
2022	$627,543	$538,804	No data	$88,739

Abundant Life Community Development Corp