COMMUNITY FIRST CREDIT UNION OF FLORIDA (EIN 590227113) - 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

1935

Legal Domicile

Principal Officer

JOHN HIRABAYASHI

Phone

9043548537

Tax Period

2023-01-01 to 2023-12-31

COMMUNITY FIRST CREDIT UNION OF FLORIDA, founded in 1935, is a major nonprofit that reported $148.5M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $27.3M, a strong 18% operating margin.

Mission

PROVIDING FINANCIAL SOLUTIONS FOR EVERY STAGE OF LIFE.

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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 $0

Program Service Revenue $130,769,255

Investment Income $14,652,640

Other Revenue $3,034,122

TOTAL REVENUE $148,456,017

Expense Breakdown

Grants Paid $25,000

Salaries & Benefits $37,682,347

Fundraising Expenses $0

Other Expenses $56,927,055

TOTAL EXPENSES $121,134,611

Year-over-Year Comparison

	2023	2022	Change
Revenue	$148,456,017	$116,884,048	+0.3%
Expenses	$121,134,611	$83,054,241	+0.5%
Net Income	$27,321,406	$33,829,807	-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

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

510

Volunteers

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

$1,803,457

Total Directors

Key Employees

$1,561,079

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MALINDA PRUDENCIO	CHAIRMAN	1.00	Officer Director	$0	$0	$0
TED WILLICH	VICE CHAIR	1.00	Officer Director	$0	$0	$0
WILLIAM PERMENTER	SECRETARY	1.00	Officer Director	$0	$0	$0
BETTIE ADAMS	TREASURER	1.00	Officer Director	$0	$0	$0
CHANTELLE SCHART	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE DOUECK	DIRECTOR	1.00	Director	$0	$0	$0
JIM FARAH	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA SIMMONS-HUTCHINS	DIRECTOR	1.00	Director	$0	$0	$0
ELVIA WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HIRABAYASHI	CEO/PRESIDENT	40.00	Officer	$1,048,972	$15,952	$1,064,924
SAM INMAN	CFO	40.00	Officer	$710,343	$28,190	$738,533
TIM SIMPSON	CHIEF INFORMATION OFFICER	40.00	Key Emp	$298,716	$39,085	$337,801
ROGER RASSMAN	CHIEF MARKETING OFFICER	40.00	Key Emp	$268,498	$23,319	$291,817
JIMMY LOVELACE	CHIEF MEMBER EXPERIENCE OFFICER	40.00	Key Emp	$336,531	$23,727	$360,258
LORI SMITH	CHIEF HUMAN RESOURCES OFFICER	40.00	Key Emp	$246,844	$12,562	$259,406
RYAN OLSON	CHIEF LENDING OFFICER	40.00	Key Emp	$271,335	$40,462	$311,797
MARK FITZMORRIS	FINANCIAL ADVISOR	40.00	Highest	$458,251	$41,062	$499,313
MIKE FRANZ	VICE PRESIDENT ACCOUNTING & FINANCE	40.00	Highest	$211,151	$20,024	$231,175
ZACHARY TOELLE	FINANCIAL ADVISOR	40.00	Highest	$269,767	$2,922	$272,689
MELISSA THOMAS	SENIOR VICE PRESIDENT	40.00	Highest	$280,455	$36,082	$316,537
CHRIS CULPEPPER	VICE PRESIDENT	40.00	Highest	$180,963	$43,497	$224,460

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	$148,456,017	$121,134,611	$2,720,027,681	$27,321,406
2022	$116,884,048	$83,054,241	$2,539,695,763	$33,829,807
2021	$94,716,587	$66,259,311	$2,430,634,345	$28,457,276
2020	$91,733,421	$76,335,983	$2,071,518,749	$15,397,438
2019	$89,946,257	$73,891,039	$1,751,936,634	$16,055,218
2018	$80,975,155	$59,349,802	$1,638,435,362	$21,625,353

COMMUNITY FIRST CREDIT UNION OF FLORIDA