Legacy of Abundance

EIN: 922696038 501(c)(3) Community Improvement

Thousand Oaks, CA

Total Revenue
$1,020,000
Total Expenses
$969,771
Total Assets
$50,364
Net Assets
$50,229
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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
2023
Legal Domicile
CA
Principal Officer
Cynthia Coleman
Phone
8054335513
Tax Period
2024-01-01 to 2024-12-31

Legacy of Abundance, founded in 2023, is a community nonprofit in the Community Improvement sector that reported $1.0M in total revenue in fiscal year 2024. Expenses of $970K left a modest 5% surplus.

Mission

Our purpose is the development and preservation of low income rental and affordable housing, community, and economic empowerment; life skills and entrepreneurship development.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,020,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,020,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $962,694
Other Expenses $969,771
TOTAL EXPENSES $969,771

Year-over-Year Comparison

2024 2023 Change
Revenue $1,020,000 N/A N/A
Expenses $969,771 N/A N/A
Net Income $50,229 N/A N/A
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
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Cynthia Coleman President & CEO 10.00
Director
$0 $0 $0
John K Ahmuty CFO 10.00
Director
$0 $0 $0
Crystal J coleman Secretary 0.00
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 $1,020,000 $969,771 $50,364 $50,229
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