STATE CHARTERED CREDIT UNIONS IN FLORIDA (EIN 590637646) - 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

1935

Legal Domicile

Principal Officer

JERRY BENTON

Phone

3523359090

Tax Period

2024-01-01 to 2024-12-31

STATE CHARTERED CREDIT UNIONS IN FLORIDA, founded in 1935, is a major nonprofit that reported $197.8M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $34.6M, a strong 18% operating margin.

Mission

CAMPUS USA IS A NON-PROFIT FINANCIAL INSTITUTION. WE SERVE MEMBERS IN TWELVE COUNTIES OFFERING COMPETITIVE SAVINGS AND LOAN OPTIONS ALONG WITH EXCEPTIONAL MEMBER SERVICE.

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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 $178,865,858

Investment Income $15,926,588

Other Revenue $3,011,354

TOTAL REVENUE $197,803,800

Expense Breakdown

Grants Paid $534,171

Salaries & Benefits $43,073,627

Fundraising Expenses $0

Other Expenses $119,549,204

TOTAL EXPENSES $163,157,002

Year-over-Year Comparison

	2024	2023	Change
Revenue	$197,803,800	$167,249,104	+0.2%
Expenses	$163,157,002	$135,322,043	+0.2%
Net Income	$34,646,798	$31,927,061	+0.1%

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

572

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

$6,164,727

Total Directors

Key Employees

$1,786,973

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUBEN RAMOS	DIRECTOR	5.00	Director	$0	$0	$0
KEITH BIRKETT	DIRECTOR	5.00	Director	$0	$0	$0
PAULA WELCH	CHAIR	5.00	Director	$0	$0	$0
PRINCE HINSON	SECRETARY/TREASURER	5.00	Director	$0	$0	$0
JAY HUTTO	VICE CHAIR	5.00	Director	$0	$0	$0
ROSE RIVERS	BOARD MEMBER	5.00	Director	$0	$0	$0
MARK WALDORFF	DIRECTOR	5.00	Director	$0	$0	$0
JERRY W BENTON	CEO	40.00	Officer	$1,514,797	$260,990	$1,775,787
GABRIEL W HAMLETT	CHIEF LEGAL OFFICER	40.00	Officer	$781,913	$111,342	$893,255
JILL E HARPER	CHIEF HR OFFICER	40.00	Officer	$1,226,171	$100,904	$1,327,075
JENNIFER L HUNT	CFO	40.00	Officer	$706,608	$107,410	$814,018
MICHAEL ROSS JONES	CHIEF LENDING OFFICER	40.00	Officer	$445,746	$112,391	$558,137
JEFFERY A THIEMAN	COO	40.00	Officer	$682,851	$113,604	$796,455
TARIN ACARON	VP OF MARKETING	40.00	Key Emp	$181,578	$33,980	$215,558
DAVID BARBER	VP COMMERCIAL LENDING	40.00	Key Emp	$254,377	$48,152	$302,529
TROY BATTLE	VP OF PROJECTS/FACILITIES	40.00	Key Emp	$207,363	$33,079	$240,442
BRIAN FISHER	VP TECHNOLOGY SERVICES	40.00	Key Emp	$259,814	$43,913	$303,727
FREDERICK E HILTON	VP OF INVESTMENT SERVICES	40.00	Key Emp	$224,650	$37,526	$262,176
NICHOLAS HOFFMAN	VP OF CONSUMER LENDING	40.00	Key Emp	$178,095	$23,461	$201,556
PAMELA JOHNSON	VP RETAIL OPERATIONS	40.00	Key Emp	$224,616	$36,369	$260,985
WESTON GALLOP	FINANCIAL ADVISOR	40.00	Highest	$241,492	$46,892	$288,384
THOMAS JARVIS	DIRECTOR OF COMMERCIAL LEN	40.00	Highest	$281,777	$50,758	$332,535
BRANDON VEGA	INFORMATION SECURITY OFFICER	40.00	Highest	$181,141	$21,213	$202,354
MARLON AWUMA	FINANCIAL ADVISOR	40.00	Highest	$219,693	$32,842	$252,535
MARY NARAMORE	FINANCIAL REPORTING ADMINISTRATOR	40.00	Highest	$164,453	$25,697	$190,150

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	$197,803,800	$163,157,002	$3,414,009,337	$34,646,798
2023	$167,249,104	$135,322,043	$3,175,081,404	$31,927,061
2022	$133,374,128	$89,767,125	$3,029,797,470	$43,607,003
2021	$122,435,815	$76,895,517	$2,692,290,378	$45,540,298
2020	$110,898,812	$84,736,410	$2,368,142,134	$26,162,402
2019	$107,037,570	$83,096,295	$2,090,847,610	$23,941,275
2018	$87,332,780	$66,105,152	$1,849,798,086	$21,227,628

STATE CHARTERED CREDIT UNIONS IN FLORIDA