Black Economic Union of Ohio (EIN 341094981) - 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

1971

Legal Domicile

Phone

2164698966

Tax Period

2025-01-01 to 2025-12-31

Black Economic Union of Ohio, founded in 1971, is a micro nonprofit that reported $13K in total revenue in fiscal year 2025. Revenue decreased 12% compared to the prior year. Expenses of $41K exceeded revenue, resulting in a 214% operating deficit.

Mission

To sponsor, develop, finance, construct and operate buildings and facilities for low and moderate income families and seniors and handicapped persons.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $13,115

Other Revenue $0

TOTAL REVENUE $13,115

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,500

Fundraising Expenses $0

Program Expenses $41,179

Other Expenses $6,679

TOTAL EXPENSES $41,179

Year-over-Year Comparison

	2025	2024	Change
Revenue	$13,115	$14,975	-0.1%
Expenses	$41,179	$34,541	+0.2%
Net Income	$-28,064	$-19,566	+0.4%

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

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

$34,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Donna Rice	Executive Secretary	10.00	Officer	$34,500	$0	$34,500
Theodore Sims	Director	0.00	Director	$0	$0	$0
David Rogers	Vice President	0.00	Director	$0	$0	$0
Theodore Jackson	Director	0.00	Director	$0	$0	$0
William Tell	Director	0.00	Director	$0	$0	$0
Janet Allen	Director	0.00	Director	$0	$0	$0
Oscar Saffold	President	5.00	Officer	$0	$0	$0
Thomas F Jones	Director	0.00	Officer	$0	$0	$0
Bernie Innocenzi	Secretary	0.00	Officer	$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
2025	$13,115	$41,179	$1,559,988	$-28,064
2024	No data	No data	No data	No data
2023	$11,641	$63,641	$1,607,618	$-52,000
2022	$10,732	$40,466	$1,659,618	$-29,734
2021	$10,308	$36,050	$1,689,351	$-25,742
2020	$11,468	$30,052	$1,715,093	$-18,584
2019	$11,978	$40,757	$1,776,652	$-28,779
2018	$10,121	$55,773	$1,805,431	$-45,652

Black Economic Union of Ohio