ABUNDANT BLESSINGS INC

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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

2019

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

ABUNDANT BLESSINGS INC, founded in 2019, is a community nonprofit in the Housing & Shelter sector that reported $3.2M in total revenue in fiscal year 2024.

Mission

TO PROVIDE THE BEST CRISIS HOUSING FACILITIES TO HOMELESS AND LOW-INCOME FAMILIES IN LA. WE SEEK TO EMPLOY THE MOST QUALIFIED STAFF AVAILABLE.

Program Service Accomplishments

Program 1

Expenses: $989,550

FINANCIAL ASSISTANCE FOR LOW INCOME FAMILIES

Program 2

Expenses: $989,549

PROVIDING CRISIS HOUSING FOR LOW INCOME FAMILIES.

Program 3

Expenses: $989,549

RENTAL ASSISTANCE FOR LOW INCOME FAMILIES

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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 $3,178,428

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,178,428

Expense Breakdown

Grants Paid $0

Salaries & Benefits $444,486

Fundraising Expenses $0

Program Expenses $2,968,648

Other Expenses $2,661,662

TOTAL EXPENSES $3,106,148

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,178,428	$2,961,759	+0.1%
Expenses	$3,106,148	$2,776,385	+0.1%
Net Income	$72,280	$185,374	-0.6%

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

N/A

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

$275,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEXANDER SOOFER	Executive Dir.	32.00	Officer	$145,500	$0	$145,500
ASHLEY AFRAMIAN	Director	32.00	Officer	$129,500	$0	$129,500
SORAYA COHANIM	Secretary	10.00	Officer	$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	$3,178,428	$3,106,148	$286,671	$72,280
2023	$2,961,759	$2,776,385	$743,623	$185,374
2022	$452,602	$423,726	$52,515	$28,876