Accion Opportunity Fund
Legal name: Accion Opportunity Fund Community Development
Nonprofit profile at a glance
- EIN
- 311719434
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- San Jose, CA, USA
- Phone
- 844-677-3863
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Urban, Community Economic Development
Reported finances
- Revenue
- $71,138,134
- Expenses
- $58,689,618
- Assets
- $257,311,734
- Liabilities
- $185,037,698
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
35 people listed
Executive titles in this filing
- LUZ DE LOURDES LOPEZ URRUTIA (CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- WILLIAMS WATSON (NATIONAL SALES MANAGER): $642,302 total reported compensation
- DAVID COULTAS (CHIEF FINANICAL AND OPERATING OFFICER): $460,363 total reported compensation
- LUZ DE LOURDES LOPEZ URRUTIA (CHIEF EXECUTIVE OFFICER): $392,069 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To advance economic mobility for underserved small business owners and communities through affordable financial services, knowledge resources, networks and policy.
What it reported doing in 2024
Small business lending program - the organization makes loans to small businesses that lack access to affordable credit from traditional sources. Since inception, the organization has made over 35,380 loans totaling $1,066 million to small businesses whose owners are primarily people of color and low and moderate income. Many loans to California-based borrowers are enrolled in a credit loss backstop program partially funded by the state of California as part of its capital access program. (continued on schedule o) the organization sells participations in its loan portfolio. The purpose of these sales is to manage credit concentration in the organization's portfolio and to generate liquidity to provide for additional loan growth. Loans are typically sold at a premium over face value and the organization retains the servicing of the loans, for which it charges a monthly fee.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 96% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 88
- Accountability: 92
- Sustainability: 67
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 70.7%; rating input score 71
- Program expense ratio: 84.4%; rating input score 84
- Fundraising efficiency: $20.61 raised per $1 spent on fundraising; rating input score 59; 59th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 95%; rating input score 95; 47th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 17.5%; rating input score 85; 85th percentile among comparable filings
- Total-asset coverage ratio: 4.38; rating input score 83; 83rd percentile among comparable filings
- Liabilities to assets ratio: 0.72; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: 9.6%; rating input score 3; 3rd percentile among comparable filings
Growth
- Program expense growth: 14.2% per year; rating input score 100; 86th percentile among comparable filings
- Revenue growth: 13.3% per year; rating input score 100; 86th percentile among comparable filings
- Asset growth: 13.1% per year; rating input score 100; 81st percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 70.7% of revenue deployed · 84.4% of spending went to programs
- Governance: 19 of 20 board members independent · 8 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $49.5M in reported program spending
- Leadership: top reported pay $642K · 35 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $5.6M reported
- Consistency: 40 of 40 current checks pass
- Schedules: 9 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 20 filed money-flow records
- Related organizations: 29 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Fundraising efficiency scored 59/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Officer compensation ratio scored 3/100.
- High — Sustainability: Liabilities to assets ratio scored 21/100.