STATE CHARTERED CREDIT UNIONS IN FLORIDA POWER FINANCIAL CREDIT UNION

EIN: 590690962

PEMBROKE PINES, FL

Total Revenue
$44,246,663
Total Expenses
$33,316,770
Total Assets
$869,375,033
Net Assets
$113,775,520
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1951
Legal Domicile
FL
Principal Officer
ALLAN PRINDLE
Phone
9545384400
Tax Period
2024-01-01 to 2024-12-31

STATE CHARTERED CREDIT UNIONS IN FLORIDA POWER FINANCIAL CREDIT UNION, founded in 1951, is a mid-sized nonprofit that reported $44.2M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $10.9M, a strong 25% operating margin.

Mission

POWER FINANCIAL CREDIT UNION IS A COOPERATIVE FINANCIAL INSTITUTION ORGANIZED TO PROMOTE THRIFT AND PROVIDE CREDIT TO MEMBERS AT RATES GENERALLY LOWER THAN BANKS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $38,412,130
Investment Income $5,437,155
Other Revenue $397,378
TOTAL REVENUE $44,246,663

Expense Breakdown

Grants Paid $15,000
Salaries & Benefits $12,971,974
Fundraising Expenses $0
Other Expenses $20,329,796
TOTAL EXPENSES $33,316,770

Year-over-Year Comparison

2024 2023 Change
Revenue $44,246,663 $40,879,257 +0.1%
Expenses $33,316,770 $27,152,457 +0.2%
Net Income $10,929,893 $13,726,800 -0.2%
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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Governance

Voting Members
10
Independent Members
10
Employees
161
Volunteers
10

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
2
$997,091
Total Directors
10
$26,171
Key Employees
4
$988,032
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEMAN MURRAY CHAIRPERSON OF BOARD 5.00
Director
$5,037 $0 $5,037
WENDEL SAUER SECRETARY OF BOARD 5.00
Director
$0 $0 $0
TERRY KEITH TREASURER OF BOARD 5.00
Director
$0 $0 $0
JOHN BRESLIN VICE CHAIRPERSON OF BOARD 5.00
Director
$636 $0 $636
TONY CUBA DIRECTOR 5.00
Director
$0 $0 $0
STEPHEN KNIGHT DIRECTOR 5.00
Director
$0 $0 $0
LESLIE MCCONACHIE DIRECTOR 5.00
Director
$4,692 $0 $4,692
JACK E PATTERSON DIRECTOR 5.00
Director
$0 $0 $0
GEORGE SKILLAS DIRECTOR 5.00
Director
$8,753 $0 $8,753
GENE SEVILLA DIRECTOR 5.00
Director
$7,053 $0 $7,053
ALLAN PRINDLE PRESIDENT/CEO 40.00
Officer
$668,291 $34,097 $702,388
WANDA FERRER CHIEF FINANCIAL OFFICER 40.00
Officer
$265,528 $29,175 $294,703
MICHELLE DIAZ CHIEF INFORMATION OFFICER 40.00
Key Emp
$273,313 $21,798 $295,111
CLAIRE BERGGUIST CHIEF TALENT & KNOWLEDGE O 40.00
Key Emp
$214,440 $29,237 $243,677
LESLEY GARCIA SUAREZ CHIEF LENDING OFFICER 40.00
Key Emp
$210,455 $26,763 $237,218
ALICIA QUEVEDO CHIEF MEMBERSHIP OFFICER 40.00
Key Emp
$191,334 $20,692 $212,026
PING LUO VP CONTROLLER 40.00
Highest
$184,279 $20,478 $204,757
MARK MATTOZZI SR. COMM. LENDING OFFICER 40.00
Highest
$175,281 $12,734 $188,015
DAVID ESQUIVEL VP NETWORK SERVICES 40.00
Highest
$166,011 $17,316 $183,327
TAYYAB PALANPURWALA VP, IT OPS, BA, PROG. 40.00
Highest
$143,990 $23,843 $167,833
VINCENZO FIORDELISI VP, MARKETING 40.00
Highest
$143,683 $25,575 $169,258
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 $44,246,663 $33,316,770 $869,375,033 $10,929,893
2023 $40,879,257 $27,152,457 $878,503,924 $13,726,800
2022 $32,499,543 $24,399,844 $892,249,418 $8,099,699
2021 $27,675,796 $21,744,258 $930,426,131 $5,931,538
2020 $32,057,485 $26,463,283 $876,113,985 $5,594,202
2019 $28,322,709 $23,536,968 $840,302,743 $4,785,741
2018 $26,495,822 $22,517,950 $654,649,818 $3,977,872
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