Community Abundant Life Ministries

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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

2005

Legal Domicile

Principal Officer

DERRICK RICHARDSON

Phone

4059193442

Tax Period

2023-01-01 to 2023-12-31

Community Abundant Life Ministries, founded in 2005, is a small nonprofit in the Human Services sector that reported $115K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $137K exceeded revenue, resulting in a 19% operating deficit.

Mission

Community Abundant Life Ministries is a faith based organization that promotes Christian principles in the community while creating self help programs that assist the community in developing life skills.

Program Service Accomplishments

Program 1

This service program was for successfully assisting community members in housing and utility needs.

Program 2

This service program was for successfully assisting community members in nutrition and food needs.

Program 3

This service program was for successfully assisting community members in academic, educational, and related clothing needs.

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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 (2023)

Revenue Breakdown

Contributions & Grants $114,980

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $114,980

Expense Breakdown

Grants Paid $136,231

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $395

TOTAL EXPENSES $136,626

Year-over-Year Comparison

	2023	2022	Change
Revenue	$114,980	$127,975	-0.1%
Expenses	$136,626	$138,095	0.0%
Net Income	$-21,646	$-10,120	+1.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DERRICK RICHARDSON	President	N/A	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
2023	$114,980	$136,626	No data	$-21,646
2022	$127,975	$138,095	$30,646	$-10,120
2021	$159,915	$160,145	$44,266	$-230
2020	$287,007	$318,011	$43,996	$-31,004
2019	$403,070	$340,070	$63,000	$63,000