JACKSONVILLE, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)STATE CHARTERED CREDIT UNIONS IN FLORIDA 121 FINANCIAL CREDIT UNION, founded in 1935, is a community nonprofit that reported $6.6M in total revenue in fiscal year 2024. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $7.8M exceeded revenue, resulting in a 17% operating deficit.
BUILDING RELATIONSHIPS WITH MEMBERS, ASSOCIATES, AND THE COMMUNITY BY PROVIDING PERSONAL SOLUTIONS TO INSPIRE FINANCIAL WELL-BEING.
ENCOURAGING THRIFT AMONG OUR MEMBERS, CREATING SOURCES OF CREDIT AT FAIR AND REASONABLE RATES OF INTEREST, AND PROVIDING AN OPPORTUNITY FOR OUR MEMBERS TO USE AND CONTROL THEIR RESOURCES ON A...
ENCOURAGING THRIFT AMONG OUR MEMBERS, CREATING SOURCES OF CREDIT AT FAIR AND REASONABLE RATES OF INTEREST, AND PROVIDING AN OPPORTUNITY FOR OUR MEMBERS TO USE AND CONTROL THEIR RESOURCES ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $6,626,650 | $43,381,444 | -0.8% |
| Expenses | $7,769,987 | $41,542,132 | -0.8% |
| Net Income | $-1,143,337 | $1,839,312 | -1.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| HAROLD BOREE | CHAIRPERSON | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN SCOTT III | VICE CHAIRPERSON | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| CYNTHIA DELASSUS | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| SHELBA WILLIAMS | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| BILLIE GREENLIEF | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL HOGAN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM MACOMBER JR | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| ROBERT GIPSON | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| DAVID MAROVICH | PRESIDENT/CEO | 40.00 |
Officer
|
$95,383 | $8,830 | $104,213 |
| CYNDI KOAN | CFO | 40.00 |
Officer
|
$64,300 | $9,610 | $73,910 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $6,626,650 | $7,769,987 | No data | $-1,143,337 |
| 2022 | $34,683,506 | $30,632,937 | $656,042,180 | $4,050,569 |
| 2021 | $33,183,095 | $28,081,253 | $664,348,175 | $5,101,842 |
| 2020 | $31,350,691 | $31,266,075 | $598,550,758 | $84,616 |
| 2019 | $33,156,168 | $31,642,844 | $541,950,448 | $1,513,324 |
| 2018 | $31,932,259 | $29,125,494 | $547,479,699 | $2,806,765 |
| 2017 | $27,131,576 | $29,862,262 | $551,333,815 | $-2,730,686 |
Compare STATE CHARTERED CREDIT UNIONS IN FLORIDA 121 FINANCIAL CREDIT UNION with other nonprofits in Florida and across the country.