STATE CHARTERED CREDIT UNIONS IN FLORIDA (EIN 590359710) - 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

1928

Legal Domicile

Principal Officer

MICHELE PARAMORE

Phone

3055927733

Tax Period

2025-01-01 to 2025-12-31

STATE CHARTERED CREDIT UNIONS IN FLORIDA, founded in 1928, is a mid-sized nonprofit that reported $10.6M in total revenue in fiscal year 2025. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $13.3M exceeded revenue, resulting in a 25% operating deficit.

Mission

PROGRAMS OFFERING A VARIETY OF PERSONAL FINANCIAL SERVICES TO MEMBERS

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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 (2025)

Revenue Breakdown

Contributions & Grants $156,693

Program Service Revenue $9,562,874

Investment Income $1,779,834

Other Revenue $-931,920

TOTAL REVENUE $10,567,481

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,193,184

Fundraising Expenses $0

Program Expenses $132,549,720

Other Expenses $10,061,788

TOTAL EXPENSES $13,254,972

Year-over-Year Comparison

	2025	2024	Change
Revenue	$10,567,481	$8,559,280	+0.2%
Expenses	$13,254,972	$10,483,658	+0.3%
Net Income	$-2,687,491	$-1,924,378	+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

$201,425

Total Directors

$201,425

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELE PARAMORE	CEO and BOARD MEMBER	40.00	Officer Director	$201,425	$0	$201,425
ANN STRICKLAND	BOARD CHAIRPERSON	2.00	Director	$0	$0	$0
GUILLERMO HERNANDEZ	BOARD VICE CHAIRPERSON	2.00	Director	$0	$0	$0
IRIS MURGADO	BOARD TREASURER	2.00	Director	$0	$0	$0
RAYMOND MAYTIN	BOARD SECRETARY	2.00	Director	$0	$0	$0

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
2025	$10,567,481	$13,254,972	$187,573,957	$-2,687,491
2024	No data	No data	No data	No data
2023	$10,563,563	$9,149,522	$188,967,760	$1,414,041
2022	$8,250,585	$6,981,329	$169,682,593	$1,269,256
2021	$8,857,053	$5,585,592	$166,186,771	$3,271,461
2020	$6,936,759	$6,635,780	$154,359,635	$300,979
2019	$8,135,642	$6,933,437	$139,294,211	$1,202,205
2018	$7,594,613	$7,366,470	$128,283,856	$228,143

STATE CHARTERED CREDIT UNIONS IN FLORIDA