SUNCOAST CREDIT UNION

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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

1934

Legal Domicile

Principal Officer

KEVIN JOHNSON

Phone

8009995887

Tax Period

2024-01-01 to 2024-12-31

SUNCOAST CREDIT UNION, founded in 1934, is a large national nonprofit in the Public & Societal Benefit sector that reported $1.1B in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $970.9M left a modest 12% surplus.

Mission

THE CREDIT UNION'S MISSION IS TO IMPROVE THE QUALITY OF OUR MEMBERS' LIVES BY MAINTAINING A STRONG, SECURE, AND INNOVATIVE CREDIT UNION THAT BUILDS TRUST, SHOWS RESPECT, AND MAXIMIZES EFFICIENCY.

Program Service Accomplishments

Program 1

THE CREDIT UNION OFFERS OUR MEMBERS A SOURCE OF CREDIT THROUGH VARIOUS TYPES OF LOANS, INCLUDING MORTGAGE, AUTO, AND PERSONAL. INTEREST RATES FOR OUR LOANS ARE COMPETITIVE IN OUR LOCAL MARKETS.

Program 2

THE CREDIT UNION OFFERS COMPETITIVE SAVINGS PRODUCTS TO OUR MEMBERS WITH INTEREST RATES THAT ARE MORE FAVORABLE THAN OUR LOCAL COMPETITION ON OUR INTEREST BEARING ACCOUNTS AND CERTIFICATES OF DEPOSIT.

Program 3

SERVICE FEES CHARGED BY THE CREDIT UNION FOR OUR PRODUCTS ARE GENERALLY LOWER THAN OUR LOCAL COMPETITION OR HAVE BEEN ELIMINATED.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $930,786,637

Investment Income $172,621,189

Other Revenue $3,469,643

TOTAL REVENUE $1,106,877,469

Expense Breakdown

Grants Paid $1,290,072

Salaries & Benefits $232,724,382

Fundraising Expenses $0

Other Expenses $736,845,257

TOTAL EXPENSES $970,859,711

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,106,877,469	$876,920,106	+0.3%
Expenses	$970,859,711	$742,332,288	+0.3%
Net Income	$136,017,758	$134,587,818	+0.0%

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

Governance

Voting Members

Independent Members

Employees

2782

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

$3,440,464

Total Directors

$36,029

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRANDO FETZEK	DIRECTOR	2.00	Director	$3,196	$0	$3,196
ZAMIR L ODE	IMMEDIATE POST CHAIR OF THE BOARD	2.00	Director	$4,509	$0	$4,509
JOUNICE NEALY-BROWN	VICE CHAIR OF THE BOARD	2.00	Director	$1,137	$0	$1,137
GARY C GRESHAM	CHAIR OF THE BOARD	2.00	Director	$0	$0	$0
VICTOR ARIAS 1124-112124	DIRECTOR	2.00	Director	$6,736	$0	$6,736
ANDREA FALVEY	TREASURER OF THE BOARD	2.00	Director	$702	$0	$702
MARC JOHNSON	DIRECTOR	2.00	Director	$859	$0	$859
MANUEL LOPEZ	DIRECTOR	2.00	Director	$3,888	$0	$3,888
STEPHANIE MATHEWS	DIRECTOR	2.00	Director	$1,283	$0	$1,283
ROBERT JONES	SECRETARY OF THE BOARD	2.00	Director	$3,084	$0	$3,084
LORRAINE FERNANDEZ	DIRECTOR	2.00	Director	$3,729	$0	$3,729
ODALYS PRITCHARD 12524-123124	DIRECTOR	2.00	Director	$6,906	$0	$6,906
KEVIN JOHNSON	PRESIDENT/CEO	49.00	Officer	$935,808	$51,509	$987,317
JULIE A RENDEROS	EVP/CFO	50.00	Officer	$145,440	$9,070	$154,510
BEN LEMOINE	CFO	50.00	Officer	$384,348	$32,648	$416,996
DARLENE JOHNSON	EVP CHIEF STRATEGY & TRANSFORMATION OFFICER	49.00	Officer	$549,298	$51,542	$600,840
MELVA MCKAY-BASS	SVP CHIEF BUS DEV OFFICER	50.00	Officer	$367,600	$60,226	$427,826
MICHAEL PARKS	SVP CIO	50.00	Officer	$374,610	$51,724	$426,334
JACQULYNE GILBERT	SVP CRO	50.00	Officer	$399,621	$27,020	$426,641
DONALD BURT	SENIOR WEALTH ADVISOR	50.00	Highest	$429,731	$46,048	$475,779
ROY ECHOLS	VP WEALTH MANAGEMENT	40.00	Highest	$410,693	$46,528	$457,221
HOSSAM NASSER	WEALTH ADVISOR	40.00	Highest	$378,227	$52,798	$431,025
KIMBERLY MANLEY	SVP MARKETING & DIGITAL STRATEGY	40.00	Highest	$351,634	$48,853	$400,487
JENNIFER BOLIVAR	SVP MARKET DEVELOPMENT & LENDING	40.00	Highest	$348,600	$39,805	$388,405

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	$1,106,877,469	$970,859,711	$17,828,618,114	$136,017,758
2023	$876,920,106	$742,332,288	$17,403,676,924	$134,587,818
2022	$624,897,611	$462,970,768	$16,214,901,944	$161,926,843
2021	$553,636,360	$384,855,483	$14,872,600,852	$168,780,877
2020	$543,602,131	$454,801,212	$12,321,280,879	$88,800,919
2019	$521,014,379	$406,443,368	$10,533,714,376	$114,571,011
2018	$444,909,263	$343,953,659	$9,290,333,449	$100,955,604