BLACK UNITED FUND OF MICHIGAN INC (EIN 381964012) - 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

1970

Legal Domicile

Principal Officer

KENNETH DONALDSON

Phone

3138942200

Tax Period

2023-01-01 to 2023-12-31

BLACK UNITED FUND OF MICHIGAN INC, founded in 1970, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $401K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $566K exceeded revenue, resulting in a 41% operating deficit.

Mission

THE ORGANIZATION IS COMMITTED TO SUPPORTING,DEVELOPING AND IMPLEMENTING YOUTH EMPOWERMENT PROGRAMS THROUGH COLLABORATIVE PARTNERSHIPS FOR THE UNDERSERVED AND UNDERREPRESENTED IN THE COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $341,715

Program Service Revenue $0

Investment Income $0

Other Revenue $58,817

TOTAL REVENUE $400,532

Expense Breakdown

Grants Paid $0

Salaries & Benefits $164,953

Fundraising Expenses $105,127

Program Expenses $307,598

Other Expenses $400,842

TOTAL EXPENSES $565,795

Year-over-Year Comparison

	2023	2022	Change
Revenue	$400,532	$361,411	+0.1%
Expenses	$565,795	$443,777	+0.3%
Net Income	$-165,263	$-82,366	+1.0%

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

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
DAVID A PERKINS	DIRECTOR	N/A	Director	$0	$0	$0
NICOLE BEECHER	DIRECTOR	N/A	Director	$0	$0	$0
LAUREN CARROLL	DIRECTOR	N/A	Director	$0	$0	$0
OLIVIA CROOM	DIRECTOR	N/A	Director	$0	$0	$0
BLAINE DENNING	DIRECTOR	N/A	Officer	$0	$0	$0
RAMONE PRYOR CROWE JR	DIRECTOR	N/A	Director	$0	$0	$0
ARTHUR DUDLEYII	TREASURER	N/A	Director	$0	$0	$0
ROSALIND DENNING	CHAIRMAN	N/A	Officer	$0	$0	$0
DUANE R JOHNSONESQ	SECRETARY	N/A	Officer	$0	$0	$0
STEVEN ELAM	DIRECTOR	N/A	Director	$0	$0	$0
EDWARD FORD JR	DIRECTOR	N/A	Director	$0	$0	$0
DAWN MCCLOUD	DIRECTOR	N/A	Director	$0	$0	$0
WILLIAM JACKSON PHD	VICE-CHAIR	N/A	Officer	$0	$0	$0
RAYNONA PATRICK	DIRECTOR	N/A	Director	$0	$0	$0
CRYSTAL ROBERTSON	DIRECTOR	N/A	Director	$0	$0	$0
RICHARD RUBENS	DIRECTOR	N/A	Director	$0	$0	$0
LAURA SIGMON	DIRECTOR	N/A	Director	$0	$0	$0
TINA WILLIAMS	DIRECTOR	N/A	Director	$0	$0	$0
ARTHUR LEDLIE	DIRECTOR	N/A	Director	$0	$0	$0
HELDA SAAD	DIRECTOR	N/A	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	$400,532	$565,795	$419,426	$-165,263
2022	$361,411	$443,777	$755,371	$-82,366
2021	$511,021	$402,230	$597,771	$108,791
2020	$346,227	$384,198	$325,146	$-37,971
2019	$363,003	$338,089	$249,868	$24,914
2018	$398,491	$379,003	$205,360	$19,488

BLACK UNITED FUND OF MICHIGAN INC