UNITED NEGRO COLLEGE FUND INC (EIN 131624241) - Form 990 Financial Analysis & Trantor Score

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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

1944

Legal Domicile

Principal Officer

EARLY W REESE

Phone

2028100274

Tax Period

2024-04-01 to 2025-03-31

UNITED NEGRO COLLEGE FUND INC, founded in 1944, is a major nonprofit in the Education sector that reported $158.9M in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $183.5M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO ENSURE ALL AMERICANS HAVE EQUAL ACCESS TO A COLLEGE EDUCATION THAT PREPARES (SEE SCHEDULE O) THEM FOR RICH INTELLECTUAL LIVES, COMPETITIVE AND FULFILLING CAREERS, ENGAGED CITIZENSHIP AND SERVICE TO OUR NATION.UNCF HAS HELPED MORE THAN 500,000 STUDENTS EARN THEIR COLLEGE DEGREES SINCE ITS FOUNDING IN 1944. UNCF IS THE NATION'S LARGEST PRIVATE SCHOLARSHIP PROVIDER TO MINORITY GROUP MEMBERS. EACH YEAR, WE AWARD MORE THAN $100 MILLION IN SCHOLARSHIPS TO STUDENTS ATTENDING MORE THAN 1,100 SCHOOLS ACROSS THE COUNTRY, INCLUDING OUR PRESTIGIOUS NETWORK OF 37 MEMBER HBCUS. UNCF MEMBER HBCUS ARE KNOWN FOR THEIR ACHIEVEMENTS - AWARDING UNDERGRADUATE AND GRADUATED DEGREES - PROVIDING IMPRESSIVE RESULTS THROUGH RESEARCH AND PROMOTING ECONOMIC BENEFITS THAT YIELD MAJOR IMPACT FOR THEIR COMMUNITIES, REGIONS, STATES, THE NATION, AND THE WORLD.

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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 $134,733,831

Program Service Revenue $16,000

Investment Income $24,171,553

Other Revenue $0

TOTAL REVENUE $158,921,384

Expense Breakdown

Grants Paid $94,710,549

Salaries & Benefits $42,007,588

Fundraising Expenses $23,374,513

Program Expenses $144,405,574

Other Expenses $46,769,792

TOTAL EXPENSES $183,511,929

Year-over-Year Comparison

	2024	2023	Change
Revenue	$158,921,384	$250,935,174	-0.4%
Expenses	$183,511,929	$195,036,675	-0.1%
Net Income	$-24,590,545	$55,898,499	-1.4%

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

360

Volunteers

2755

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

$3,013,271

Total Directors

Key Employees

$2,514,278

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR MILTON H JONES JR	CHAIR OF THE BOARD	9.60	Officer Director	$0	$0	$0
DR GEORGE T FRENCH JR	VICE CHAIR/INSTITUTIONAL DIRECTOR	0.75	Officer Director	$0	$0	$0
MR ALFRED G GOLDSTEIN	VICE CHAIR	0.75	Officer Director	$0	$0	$0
MR KIETH COCKRELL	BOARD MEMBER	0.50	Director	$0	$0	$0
MS CELIA A COLBERT	BOARD MEMBER	1.25	Director	$0	$0	$0
MR GREGORY G CUNNINGHAM	BOARD MEMBER	0.50	Director	$0	$0	$0
MR VLADIMIR GALIOTHE	BOARD MEMBER	0.50	Director	$0	$0	$0
MR PAUL GAMA	BOARD MEMBER	0.50	Director	$0	$0	$0
MR GERALD JOHNSON	BOARD MEMBER	0.50	Director	$0	$0	$0
MR ALOYSIUS MCLAUGHLIN	BOARD MEMBER	0.75	Director	$0	$0	$0
MR KENNETH B MEHLMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
MR BEN MINICUCCI	BOARD MEMBER	0.50	Director	$0	$0	$0
MS RHONDA MORRIS	BOARD MEMBER	0.50	Director	$0	$0	$0
MS TARA PARKER	BOARD MEMBER	0.50	Director	$0	$0	$0
MR MARCUS PURTY	BOARD MEMBER	0.50	Director	$0	$0	$0
MS LAURIE READHEAD	BOARD MEMBER	0.50	Director	$0	$0	$0
MS DANETTE ANTHONY REED	BOARD MEMBER	0.50	Director	$0	$0	$0
MR DAVID SABLE	BOARD MEMBER	0.50	Director	$0	$0	$0
MS LASONJA SCOTT	BOARD MEMBER	0.50	Director	$0	$0	$0
MR WILLIAM F STASIOR	BOARD MEMBER	2.50	Director	$0	$0	$0
MR TERRY WOODARD	BOARD MEMBER	0.50	Director	$0	$0	$0
MR SAFROADU YEBOAH-AMANKWAH	BOARD MEMBER	0.50	Director	$0	$0	$0
DR ANTHONY J DAVIS	INSTITUTIONAL DIRECTOR	0.50	Director	$0	$0	$0
DR PAULETTE DILLARD	INSTITUTIONAL DIRECTOR	0.50	Director	$0	$0	$0
DR HERMAN J FELTON JR	INSTITUTIONAL DIRECTOR	0.50	Director	$0	$0	$0
DR DWIGHT J FENNELL	INSTITUTIONAL DIRECTOR	0.50	Director	$0	$0	$0
DR RONNIE HOPKINS	INSTITUTIONAL DIRECTOR	0.50	Director	$0	$0	$0
DR GLENELL M LEE-PRUITT	INSTITUTIONAL DIRECTOR	0.50	Director	$0	$0	$0
DR YOLANDA W PAGE	INSTITUTIONAL DIRECTOR	0.50	Director	$0	$0	$0
DR MELVA K WALLACE	INSTITUTIONAL DIRECTOR	0.50	Director	$0	$0	$0
DR SUZANNE E WALSH	INSTITUTIONAL DIRECTOR	0.50	Director	$0	$0	$0
DR MICHAEL L LOMAX	PRESIDENT & CEO	50.00	Officer	$1,304,933	$118,448	$1,423,381
MS THERESE BADON	SVP, DEV NORTHERN DIVISION	50.00	Officer	$308,402	$37,233	$345,635
MS DESIREE C BOYKIN	SVP, GENERAL COUNSEL & SECRETARY	50.00	Officer	$324,479	$48,895	$373,374
MR JOHN HENRY	EVP, CFO & TREASURER	50.00	Officer	$186,054	$4,951	$191,005
MS KIERA J LINDSAY	ASST GENERAL COUNSEL & SECRETARY	50.00	Officer	$124,410	$8,332	$132,742
MR ARMANI B SCOTT	ASST GENERAL COUNSEL & SECRETARY	50.00	Officer	$170,950	$22,610	$193,560
MS GENET A YILMA	SVP, ACCT & FINANCE, ASST TREASURER	50.00	Officer	$322,803	$30,771	$353,574
MR EARLY REESE	COO	50.00	Key Emp	$579,321	$134,903	$714,224
MR MAURICE JENKINS	EVP & CHIEF DEVELOPMENT OFFICER	50.00	Key Emp	$710,668	$110,673	$821,341
MS LAJUAN LYLES	EVP, PEOPLE & CULTURE	50.00	Key Emp	$418,495	$106,542	$525,037
MR LAWRENCE GRIFFITH JR	EVP, SCHOLARSHIPS & PROGRAMS	50.00	Key Emp	$417,250	$36,426	$453,676
MR LODRIGUEZ MURRAY	SVP, PUBLIC POLICY & GOV. AFFAIRS	50.00	Highest	$354,002	$84,311	$438,313
MS PAULETTE JACKSON	SVP, NATIONAL DEVELOPMENT	50.00	Highest	$321,527	$30,391	$351,918
MR ROBERT RUCKER	SVP, CIO, ENTERPRISE TECHNOLOGY	50.00	Highest	$331,944	$26,019	$357,963
MR MARC A BARNES	SVP, PRINCIPAL GIFTS & STRATEGY	50.00	Highest	$499,745	$101,188	$600,933
MR SEKOU BIDDLE	SVP, ADVOCACY & STUDENT DEV.	50.00	Highest	$252,823	$1,712	$254,535
MS AKOSUA ALI	SVP STRATEGIC INITIATIVES	50.00	Highest	$275,000	$27,243	$302,243

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
2025	$158,921,384	$183,511,929	$892,426,921	$-24,590,545
2024	$250,935,174	$195,036,675	$917,027,785	$55,898,499
2023	$361,352,697	$171,465,522	$848,813,093	$189,887,175
2022	$223,162,934	$192,711,820	$679,851,959	$30,451,114
2021	$223,757,044	$175,224,040	$653,425,402	$48,533,004
2020	$91,147,616	$161,420,687	$532,322,112	$-70,273,071
2019	$74,869,324	$161,208,058	$604,129,080	$-86,338,734

UNITED NEGRO COLLEGE FUND INC