PEMBROKE PINES, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WE FLORIDA FINANCIAL, founded in 1952, is a mid-sized nonprofit that reported $49.8M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.
THE CREDIT UNION IS A COOPERATIVE, NON-PROFIT ASSOCIATION, ORGANIZED UNDER THE LAWS OF THE STATE OF FLORIDA, FOR THE PURPOSE OF ENCOURAGING THRIFT AMONG ITS MEMBERS, CREATING SOURCES OF CREDIT AND CREDIT RELATED PRODUCTS AT FAIR AND REASONABLE RATES AND PROVIDING OTHER OPPORTUNITIES FOR MEMBERS TO USE AND CONTROL THEIR RESOURCES ON A DEMOCRATIC BASIS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $49,820,888 | $44,325,216 | +0.1% |
| Expenses | $52,749,535 | $44,310,893 | +0.2% |
| Net Income | $-2,928,647 | $14,323 | -205.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MARY ANN LAROCK | CHAIRPERSON | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| INGRID FILS | VICE-CHAIRPERSON | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| HENRY PRIOR | TREASURER/SECRETARY | 1.00 |
Director
|
$0 | $0 | $0 |
| MACK MACVICAR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JUDY JAMES | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BEATRIZ DALE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ED VERRET | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RACHEL SCHAMING | CHIEF OF HUMAN RESOURCES | 40.00 |
Officer
|
$236,500 | $18,683 | $255,183 |
| WILLIAM SPEARMAN | PRESIDENT & CEO | 40.00 |
Officer
|
$338,569 | $39,830 | $378,399 |
| DAN CLEMENS | CHIEF OPERATIONS OFFICER | 40.00 |
Officer
|
$274,662 | $8,866 | $283,528 |
| JACK KENNEY | CHIEF FINANCIAL OFFICER | 40.00 |
Officer
|
$238,050 | $22,055 | $260,105 |
| JEROME RYAN | VP OF IT & SECURITY | 40.00 |
Highest
|
$215,002 | $18,306 | $233,308 |
| AARON GUTFREUND | VP MARKETING | 40.00 |
Highest
|
$223,750 | $36,469 | $260,219 |
| DANIEL BASS | VP LENDING | 40.00 |
Highest
|
$193,370 | $24,374 | $217,744 |
| JARED WRIGHT | AVP MEMBER SOLUTIONS | 40.00 |
Highest
|
$184,105 | $17,206 | $201,311 |
| THOMAS SMITH | VP ACCOUNTING & CONTROLLER | 40.00 |
Highest
|
$183,750 | $19,047 | $202,797 |
| ROBERT RAMIREZ | FORMER CEO & PRESIDENT | 40.00 |
|
$785,539 | $27,013 | $812,552 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $49,820,888 | $52,749,535 | $744,150,701 | $-2,928,647 |
| 2023 | $44,325,216 | $44,310,893 | $814,232,438 | $14,323 |
| 2022 | $42,283,714 | $34,944,125 | $752,616,950 | $7,339,589 |
| 2021 | $29,660,051 | $26,262,561 | $649,187,834 | $3,397,490 |
| 2020 | $28,708,267 | $27,037,225 | $591,317,781 | $1,671,042 |
| 2019 | $32,818,934 | $30,262,506 | $512,721,026 | $2,556,428 |
| 2018 | $31,791,693 | $35,103,818 | $507,670,479 | $-3,312,125 |
Compare WE FLORIDA FINANCIAL with other nonprofits in Florida and across the country.