BLACK UNITED FUND OF TEXAS INC

EIN: 742109039 501(c)(3) Human Services

HOUSTON, TX

Total Revenue
$232,242
Total Expenses
$268,532
Total Assets
$46,031
Net Assets
$46,031
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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
1984
Legal Domicile
TX
Phone
7135245767
Tax Period
2023-01-01 to 2023-12-31

BLACK UNITED FUND OF TEXAS INC, founded in 1984, is a small nonprofit in the Human Services sector that reported $232K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $269K exceeded revenue, resulting in a 16% operating deficit.

Mission

Is to serve as a community based statewide resource center to enhance self-help opportunities that foster initiatives to promote community and development that result in economic empowerment

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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 $232,242
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $232,242

Expense Breakdown

Grants Paid $99,103
Salaries & Benefits $64,056
Fundraising Expenses $0
Program Expenses $268,000
Other Expenses $105,373
TOTAL EXPENSES $268,532

Year-over-Year Comparison

2023 2022 Change
Revenue $232,242 $194,350 +0.2%
Expenses $268,532 $119,151 +1.3%
Net Income $-36,290 $75,199 -1.5%
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
11
Independent Members
11
Employees
N/A
Volunteers
14

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
2
$0
Total Directors
0
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Marcus Glenn Chair 15.00
Officer
$0 $0 $0
Cleo G Johnson President 40.00
Key Emp
$0 $0 $0
Judy Elam Secretary 10.00
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
2023 $232,242 $268,532 $46,031 $-36,290
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