UNION FOUNDATION

EIN: 208465276 501(c)(3) Religion

Cincinnati, OH

Total Revenue
$233,724
Total Expenses
$246,819
Total Assets
$-19,297
Net Assets
$-13,095
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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
2010
Legal Domicile
OH
Principal Officer
Darrell Phillips
Phone
5133813858
Tax Period
2023-01-01 to 2023-12-31

UNION FOUNDATION, founded in 2010, is a small nonprofit in the Religion sector that reported $234K in total revenue in fiscal year 2023. Revenue surged 154684% from the prior year, signaling strong growth momentum.

Mission

The Union Foundation's primary exempt purpose is to impact its surrounding community in a positive manner by generating funds and services to improve the lives of the community and community's assets it serves. The foundation accomplishes its purpose/mission through partnerships with the Union Baptist Church of Cincinnati and other charitable organizations to provide food, clothing, health education and welfare, financial literacy, and family cohesiveness resources to the south west ohio region. In addition, the Foundation actively seeks to help in other causes that would fall in line with our mission. These other endeavors include academic scholarships for youth, historical preservation of African American Cemeteries, and other benevolent endeavors

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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 (2023)

Revenue Breakdown

Contributions & Grants $233,724
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $233,724

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $246,819
Other Expenses $246,819
TOTAL EXPENSES $246,819

Year-over-Year Comparison

2023 2022 Change
Revenue $233,724 $151 +1546.8%
Expenses $246,819 $4,096 +59.3%
Net Income $-13,095 $-3,945 +2.3%
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
8
Independent Members
8
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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Darrell K Phillips President 2
Officer Director
$0 $0 $0
Dr Carolyn Turner Vice President 1.5
Officer Director
$0 $0 $0
Ernest Norman Treasurer 1.5
Officer Director
$0 $0 $0
Dr Roland McGoodwin Board Member 0.25
Director
$0 $0 $0
Louise Stevenshon Board Member 3
Director
$0 $0 $0
Dr Orlando B Yates Board Member 0.5
Director
$0 $0 $0
Rogena Stargel Secretary/Corres. Secretary 3
Officer Director
$0 $0 $0
Tammy Jones Board Member 0.5
Director
$0 $0 $0
Angelita Jones Board Member 0.5
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 No data No data No data No data
2023 $233,724 $246,819 $-19,297 $-13,095
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