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'S MISSION IS TO PROMOTE THRIFT AMONG ITS MEMBERS AND CREATE A SOURCE OF CREDIT FOR THEM AT REASONABLE RATES OF INTEREST. THE CREDIT UNION SERVES MEMBERS IN 46 COUNTIES IN FLORIDA. THE TOTAL NUMBER OF MEMBERS IS IIN EXCESS OF 44,200.
THE CREDIT UNION PROVIDES ITS MEMBERS WITH A SELECTION OF INSURED DEPOSIT PRODUCTS THAT ENCOURAGE THRIFT. THE PRODUCTS ARE DESIGNED FOR BOTH SMALL AND MEDIUM SAVERS.
THE CREDIT UNION PROVIDES LOW COST LOANS THAT HELP MEMBERS IMPROVE THEIR LIVES. THE PRODUCTS INCLUDE SMALL UNSECURED LOANS UP TO MORTGAGE LOANS.
THE CREDIT UNION PROVIDES MEMBERS ACCESS TO BOTH MANUAL CHECK AND CASH TRANSACTION SERVICES ALONG WITH ELECTRONIC TYPE SERVICES, SUCH AS FUNDS TRANSFERS, ACH, DEBIT, ATM, ETC.
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.