STATE CHARTERED CREDIT UNIONS IN FLORIDA (EIN 590389335) - 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

1929

Legal Domicile

Principal Officer

MICHAEL WELTE

Phone

5616410100

Tax Period

2025-01-01 to 2025-12-31

STATE CHARTERED CREDIT UNIONS IN FLORIDA, founded in 1929, is a community nonprofit that reported $7.3M in total revenue in fiscal year 2025. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $6.7M left a modest 8% surplus.

Mission

PROGRAMS OF CREDIT UNIONS OFFERING 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 $0

Program Service Revenue $5,080,795

Investment Income $2,169,553

Other Revenue $0

TOTAL REVENUE $7,250,348

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,034,238

Fundraising Expenses $0

Program Expenses $6,688,811

Other Expenses $4,654,573

TOTAL EXPENSES $6,688,811

Year-over-Year Comparison

	2025	2024	Change
Revenue	$7,250,348	$6,708,335	+0.1%
Expenses	$6,688,811	$5,906,251	+0.1%
Net Income	$561,537	$802,084	-0.3%

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

N/A

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

$476,004

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL WELTE	CEO	40.00	Officer	$307,183	$723	$307,906
ROBERT DELANCY	BOARD VICE CHAIRPERSON	2.00	Director	$0	$0	$0
RHONDA DIFFENBACH	BOARD CHAIRPERSON	2.00	Director	$0	$0	$0
THOMAS MCGOVERN	BOARD MEMBER	2.00	Director	$0	$0	$0
LUIS RODRIGUEZ	BOARD MEMBER	2.00	Director	$0	$0	$0
SCOTT JOHNSON	BOARD SECRETARY BOARD TREASURER	2.00	Director	$0	$0	$0
TARYN GUARIGLIA	BOARD MEMBER	2.00	Director	$0	$0	$0
RAE FRANKS	BOARD MEMBER	2.00	Director	$0	$0	$0
ISAAC BROAD	BOARD MEMBER	2.00	Director	$0	$0	$0
GREGORY MURPHY JR	BOARD MEMBER	2.00	Director	$0	$0	$0
WILLIAM MCCOY	CFO	40.00	Officer	$155,477	$12,621	$168,098

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	$7,250,348	$6,688,811	$154,333,736	$561,537
2024	$6,708,335	$5,906,251	$145,073,459	$802,084
2023	$6,176,651	$5,009,381	$141,168,447	$1,167,270
2022	$4,442,723	$3,171,142	$148,372,819	$1,271,581
2021	$3,866,461	$3,496,222	$152,179,877	$370,239
2020	$4,197,551	$3,685,196	$128,354,047	$512,355
2019	$4,922,904	$3,811,061	$113,463,375	$1,111,843
2018	$4,805,109	$4,010,479	$109,584,098	$794,630

STATE CHARTERED CREDIT UNIONS IN FLORIDA