Legacy of Abundance

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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

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.

Program Service Accomplishments

Program 1

Expenses: $962,694

The acquisition of a foreclosed single-family residence was undertaken to preclude private equity firms from purchasing the asset and subsequently imposing excessive rental rates. The property was...

The acquisition of a foreclosed single-family residence was undertaken to preclude private equity firms from purchasing the asset and subsequently imposing excessive rental rates. The property was sold at its fair market value.

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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 $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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

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