FAIRWINDS CREDIT UNION

EIN: 111644012

ORLANDO, FL

Total Revenue
$214,504,612
Total Expenses
$169,187,861
Total Assets
$4,424,198,635
Net Assets
$297,975,695
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1949
Legal Domicile
FL
Principal Officer
LARRY F TOBIN
Phone
4072776030
Tax Period
2023-01-01 to 2023-12-31

FAIRWINDS CREDIT UNION, founded in 1949, is a major nonprofit that reported $214.5M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $45.3M, a strong 21% operating margin.

Mission

THE OBJECT AND PURPOSE OF FAIRWINDS CREDIT UNION IS TO BE A COOPERATIVE, NONPROFIT, ASSOCIATION ORGANIZED UNDER THE LAWS OF THE STATE OF FLORIDA, FOR THE PURPOSE OF ENCOURAGING THRIFT AMONG ITS MEMBERS, CREATING SOURCES OF CREDIT AT FAIR AND REASONABLE RATES OF INTEREST, AND PROVIDING AN OPPORTUNITY FOR ITS MEMBERS TO USE AND CONTROL THEIR RESOURCES ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION.

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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 $0
Program Service Revenue $177,962,125
Investment Income $31,463,190
Other Revenue $5,079,297
TOTAL REVENUE $214,504,612

Expense Breakdown

Grants Paid $328,653
Salaries & Benefits $63,136,545
Fundraising Expenses $0
Other Expenses $105,722,663
TOTAL EXPENSES $169,187,861

Year-over-Year Comparison

2023 2022 Change
Revenue $214,504,612 $172,388,805 +0.2%
Expenses $169,187,861 $136,129,682 +0.2%
Net Income $45,316,751 $36,259,123 +0.2%
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

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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
7
Independent Members
7
Employees
720
Volunteers
10

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
3
$13,191,854
Total Directors
7
$0
Key Employees
5
$3,475,250
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROL DENTON BOARD MEMBER 0.50
Director
$0 $0 $0
JOHN MAHONY BOARD MEMBER 0.50
Director
$0 $0 $0
ELIZABETH KRAHMER VICE CHAIRPERSON 0.50
Director
$0 $0 $0
MACK PERRY BOARD MEMBER 0.50
Director
$0 $0 $0
RICHARD LEIGH SECRETARY 0.50
Director
$0 $0 $0
LISA SNEAD CHAIRPERSON 0.50
Director
$0 $0 $0
JASON ALBU TREASURER 0.50
Director
$0 $0 $0
LARRY TOBIN CEO/PRESIDENT 60.00
Officer
$4,142,737 $1,113,978 $5,256,715
KATHY CHONODY SR EVP-CFO 60.00
Officer
$5,799,938 $528,951 $6,328,889
PHILLIP TISCHER SR EVP-COO 60.00
Officer
$1,030,000 $576,250 $1,606,250
JAMES ADAMCZYK SR EVP-CSO 60.00
Key Emp
$678,529 $420,115 $1,098,644
CHARLES LAI EXEC VP-CIO 60.00
Key Emp
$515,892 $120,854 $636,746
MATHY HOGAN EXEC VP-PAYMENTS & DIGITAL BANKING 60.00
Key Emp
$522,336 $71,247 $593,583
DIANNE OWEN EXEC VP-SALES & MARKETING 60.00
Key Emp
$478,757 $96,861 $575,618
CATHY HERTZ EXEC VP-HUMAN RESOURCES 60.00
Key Emp
$522,529 $48,130 $570,659
THOMAS HOWELL VP-FINANCIAL ADVISOR 60.00
Highest
$844,469 $40,200 $884,669
THOMAS BALDWIN III SVP-RETAIL BANKING & WEALTH MANAGEMENT 60.00
Highest
$340,162 $55,277 $395,439
JORGE M FONT SVP-BUSINESS SERVICES 60.00
Highest
$374,142 $68,980 $443,122
KIMBERLY WIGHTMAN SVP-FINANCE/CONTROLLER 60.00
Highest
$494,999 $28,888 $523,887
BRYAN MEIZINGER SVP-LENDING 60.00
Highest
$368,930 $36,860 $405,790
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 $214,504,612 $169,187,861 $4,424,198,635 $45,316,751
2022 $172,388,805 $136,129,682 $4,460,813,071 $36,259,123
2021 $164,616,807 $110,423,665 $4,043,048,917 $54,193,142
2020 $151,112,258 $135,095,327 $3,454,197,091 $16,016,931
2019 $146,664,282 $112,844,613 $2,670,383,320 $33,819,669
2018 $127,766,505 $97,050,305 $2,319,988,714 $30,716,200
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