STATE CHARTERED CREDIT UNIONS OF FLORIDA JAX FIRE CREDIT UNION (EIN 590306245) - 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

1933

Legal Domicile

Principal Officer

PHILLIP SPRINGER

Phone

9043534788

Tax Period

2024-01-01 to 2024-12-31

STATE CHARTERED CREDIT UNIONS OF FLORIDA JAX FIRE CREDIT UNION, founded in 1933, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2024. The organization ran a surplus of $364K, a strong 18% operating margin.

Mission

JAX FIRE CREDIT UNION IS A MEMBER OWNED FINANCIAL INSTITUTION. OUR MISSION IS TO OFFER EXCELLENT SERVICE WITH COMPETITIVE PRICING AND TO MAINTAIN THE FINANCIAL SOUNDNESS OF THE CREDIT UNION TO ENSURE FUTURE GROWTH.

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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 $1,265,693

Investment Income $778,437

Other Revenue $0

TOTAL REVENUE $2,044,130

Expense Breakdown

Grants Paid $1,600

Salaries & Benefits $643,891

Fundraising Expenses $0

Other Expenses $1,034,748

TOTAL EXPENSES $1,680,239

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,044,130	$1,901,154	+0.1%
Expenses	$1,680,239	$1,326,583	+0.3%
Net Income	$363,891	$574,571	-0.4%

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

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

$106,940

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILLIP SPRINGER	CEO	40.00	Officer	$90,863	$16,077	$106,940

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	$2,044,130	$1,680,239	$45,453,456	$363,891
2023	$1,901,154	$1,326,583	$45,125,164	$574,571
2022	$1,525,217	$1,406,860	$44,007,412	$118,357
2021	$1,548,530	$1,380,061	$44,041,477	$168,469
2020	$1,547,651	$1,373,503	$41,214,339	$174,148
2019	$1,377,452	$1,253,867	$36,386,616	$123,585
2018	$1,441,294	$1,245,118	$35,413,418	$196,176

STATE CHARTERED CREDIT UNIONS OF FLORIDA JAX FIRE CREDIT UNION