ABUNDANT LIVING INC

EIN: 921051102 501(c)(3)

ANCHORAGE, AK

Total Revenue
$2,386
Total Expenses
$11,455
Total Assets
$694,855
Net Assets
$694,855
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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
1994
Legal Domicile
AK
Principal Officer
KENNETH J GAIN
Phone
9072798551
Tax Period
2020-01-01 to 2020-12-31

ABUNDANT LIVING INC, founded in 1994, is a micro nonprofit that reported $2K in total revenue in fiscal year 2020. Revenue decreased 20% compared to the prior year. Expenses of $11K exceeded revenue, resulting in a 380% operating deficit.

Mission

IMPROVE THE LIFE STYLES OF ANCHORAGE SENIOR CITIZENS

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,386
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,386

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $11,455
TOTAL EXPENSES $11,455

Year-over-Year Comparison

2020 2019 Change
Revenue $2,386 $2,967 -0.2%
Expenses $11,455 $2,897 +3.0%
Net Income $-9,069 $70 -130.6%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
3
$78,000
Total Directors
3
$78,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENNETH J GAIN PRESIDENT 1.00
Officer Director
$0 $0 $48,000
JOANNE F GAIN SECRETARY/TREASURER 0.05
Officer Director
$0 $0 $30,000
MICHAEL H MOLITOR VICE PRESIDENT 0.05
Officer 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
2020 $2,386 $11,455 $694,855 $-9,069
2019 $2,967 $2,897 $705,509 $70
2018 $3,440 $6,585 $705,439 $-3,145
2017 $3,310 $9,416 $708,584 $-6,106
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