BLACK UNITED FUND OF OREGON

EIN: 930843267 501(c)(3) Philanthropy & Grantmaking

PORTLAND, OR

Total Revenue
$1,971,089
Total Expenses
$1,963,007
Total Assets
$4,674,750
Net Assets
$4,656,195
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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
1983
Legal Domicile
OR
Principal Officer
LM ALAIYO FOSTER
Tax Period
2022-07-01 to 2023-06-30

BLACK UNITED FUND OF OREGON, founded in 1983, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.0M in total revenue in fiscal year 2022. Revenue fell 49% from the prior year — a significant decline worth monitoring. Net assets of $4.7M represent 28 months of operating reserves.

Mission

BLACK UNITED FUND OF OREGON'S PRIMARY EXEMPT PURPOSE IS TO ASSIST IN THE SOCIAL & ECONOMIC DEVELOPMENT OF OREGON'S DISADVANTAGED COMMUNITIES BY PROVIDING FINANCIAL & MANAGEMENT ASSISTANCE TO NON-PROFIT AGENCIES & COORDINATING IMPORTANT COMMUNITY INITIATIVES TO STIMULATE GROWTH & DEVELOPMENT IN LOW-INCOME NEIGHBORHOODS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,886,597
Program Service Revenue $7,394
Investment Income $8,803
Other Revenue $68,295
TOTAL REVENUE $1,971,089

Expense Breakdown

Grants Paid $0
Salaries & Benefits $574,980
Fundraising Expenses $195,380
Program Expenses $1,522,554
Other Expenses $1,388,027
TOTAL EXPENSES $1,963,007

Year-over-Year Comparison

2022 2021 Change
Revenue $1,971,089 $3,900,839 -0.5%
Expenses $1,963,007 $1,344,080 +0.5%
Net Income $8,082 $2,556,759 -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

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Governance

Voting Members
9
Independent Members
9
Employees
7
Volunteers
66

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
$132,725
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL ALEXANDER PRESIDENT 2.88
Officer Director
$0 $0 $0
COBI LEWIS VICE PRESIDE 2.88
Officer Director
$0 $0 $0
CARLA KELLEY RECORDING SE 2.88
Officer Director
$0 $0 $0
DAMIAN CROWDER TREASURER 2.88
Director
$0 $0 $0
PATTI MILES COMMITTEE CH 2.88
Director
$0 $0 $0
TIA COACHMAN BOARD MEMBER 2.88
Director
$0 $0 $0
TAMARA BROWN BOARD MEMBER 2.88
Director
$0 $0 $0
TAMARA KENNEDY-HILL BOARD MEMBER 2.88
Director
$0 $0 $0
PATRICIA DANIELS BOARD MEMBER 2.88
Director
$0 $0 $0
LM ALAIYO FOSTER PRESIDENT/CE 40.00
Officer
$132,725 $0 $132,725
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 No data No data No data No data
2024 No data No data No data No data
2023 $1,971,089 $1,963,007 $4,674,750 $8,082
2022 $3,900,839 $1,344,080 $4,901,186 $2,556,759
2021 $2,749,597 $1,922,591 $2,223,385 $827,006
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