STATE CHARTERED CREDIT UNIONS IN FLORIDA FIRST FLORIDA CREDIT UNION (EIN 590705380) - 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

1950

Legal Domicile

Principal Officer

BRENT E LISTER

Phone

9043596800

Tax Period

2023-01-01 to 2023-12-31

STATE CHARTERED CREDIT UNIONS IN FLORIDA FIRST FLORIDA CREDIT UNION, founded in 1950, is a mid-sized nonprofit that reported $65.0M in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $57.6M left a modest 11% surplus.

Mission

FIRST FLORIDA CREDIT UNION IS DEDICATED TO DELIVERING FINANCIAL SOLUTIONS TO ENRICH MEMBERS' LIVES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $54,623,765

Investment Income $9,902,791

Other Revenue $434,804

TOTAL REVENUE $64,961,360

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,732,821

Fundraising Expenses $0

Other Expenses $37,853,058

TOTAL EXPENSES $57,585,879

Year-over-Year Comparison

	2023	2022	Change
Revenue	$64,961,360	$48,027,529	+0.4%
Expenses	$57,585,879	$40,848,476	+0.4%
Net Income	$7,375,481	$7,179,053	+0.0%

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

271

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

$1,911,064

Total Directors

Key Employees

$1,438,732

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEAN WILLIS	CHAIRPERSON	2.00	Director	$0	$0	$0
CORNITA RILEY	VICE CHAIRPERSON	2.00	Director	$0	$0	$0
JONATHAN R LYON	DIRECTOR	2.00	Director	$0	$0	$0
SANDRA MAGYAR	SECRETARY	2.00	Director	$0	$0	$0
NANCY H MEIER	DIRECTOR	2.00	Director	$0	$0	$0
KEN JONES	DIRECTOR	2.00	Director	$0	$0	$0
KYLE PETERS	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER MARTIN	ASSOCIATE DIRECTOR	2.00	Director	$0	$0	$0
JOHNNY BOWMAN JR	ASSOCIATE DIRECTOR	2.00	Director	$0	$0	$0
BRENT LISTER	PRESIDENT/CEO	40.00	Officer	$987,699	$61,491	$1,049,190
BRADLEY A LONG	EVP FINANCE	40.00	Officer	$367,792	$62,208	$430,000
JOSEPH CARPENTER	EVP OPERATIONS	40.00	Officer	$366,360	$65,514	$431,874
ELIZABETH POLK	SVP ADMINISTRATION	40.00	Key Emp	$232,845	$33,953	$266,798
RICHARD MARKLEY	SVP OPERATIONS	40.00	Key Emp	$214,361	$32,330	$246,691
TIMOTHY BROWN	SVP INFORMATION TECHNOLOGY	40.00	Key Emp	$212,693	$39,440	$252,133
ANDREA HURLEY	SVP RISK MANAGEMENT	40.00	Key Emp	$193,749	$33,797	$227,546
MICHELLE TROHA	SVP MARKETING	40.00	Key Emp	$192,124	$36,209	$228,333
ANGELA GARMAN	SVP AUDIT & PROJET MANAGEMENT	40.00	Key Emp	$190,710	$26,521	$217,231
CHRISTIAN BARNETT	MANAGING DIRECTOR FFIS	40.00	Highest	$246,992	$49,548	$296,540
NICANOR DELACRUZ	DIRECTOR OF LENDING	40.00	Highest	$157,164	$27,327	$184,491
EDWARD RUSH	DIRECTOR OF BUSINESS SERVICES	40.00	Highest	$150,840	$46,050	$196,890
WILLIAM TURPIN	VP BRANCH OPERATIONS II	40.00	Highest	$145,364	$41,253	$186,617
ALMA EDVINA THREADCRAFT	BRANCH MANAGER	40.00	Highest	$142,393	$23,310	$165,703

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	No data	No data	No data	No data
2023	$64,961,360	$57,585,879	$1,362,026,410	$7,375,481
2022	$48,027,529	$40,848,476	$1,386,119,924	$7,179,053
2021	$41,838,326	$35,911,812	$1,319,070,045	$5,926,514
2020	$42,935,650	$39,750,674	$1,233,287,162	$3,184,976
2019	$45,405,397	$39,429,693	$1,055,950,421	$5,975,704
2018	$40,075,459	$33,742,302	$930,360,155	$6,333,157

STATE CHARTERED CREDIT UNIONS IN FLORIDA FIRST FLORIDA CREDIT UNION