STATE CHARTERED CREDIT UNIONS IN FLORIDA (EIN 590729366) - 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

1937

Legal Domicile

Principal Officer

GARY REGOLI

Phone

7274317311

Tax Period

2023-01-01 to 2023-12-31

STATE CHARTERED CREDIT UNIONS IN FLORIDA, founded in 1937, is a major nonprofit that reported $138.7M in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $22.4M, a strong 16% operating margin.

Mission

NOT-FOR-PROFIT ORGANIZATION - STATE CHARTERED CREDIT UNION.

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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 $122,166,642

Investment Income $16,491,986

Other Revenue $0

TOTAL REVENUE $138,658,628

Expense Breakdown

Grants Paid $46,136

Salaries & Benefits $44,745,011

Fundraising Expenses $0

Other Expenses $71,484,391

TOTAL EXPENSES $116,275,538

Year-over-Year Comparison

	2023	2022	Change
Revenue	$138,658,628	$100,200,617	+0.4%
Expenses	$116,275,538	$78,930,136	+0.5%
Net Income	$22,383,090	$21,270,481	+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

631

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

$2,050,132

Total Directors

$36,995

Key Employees

$2,700,772

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANET CANTEES	CHAIRPERSON	1.00	Director	$9,467	$0	$9,467
LINDA EMANUEL	VICE CHAIRPERSON	1.00	Director	$0	$0	$0
THERON HAWKINS	BOARD MEMBER	1.00	Director	$9,527	$0	$9,527
ROHLAND BRYANT	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE SILVERNAIL	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL WILLIAMSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF FELARDO	SECRETARY/TREASURER	1.00	Director	$10,572	$0	$10,572
WALTER MOORE	BOARD MEMBER	1.00	Director	$0	$0	$0
VICTOR LEE	BOARD MEMBER	1.00	Director	$7,429	$0	$7,429
GARY REGOLI	PRESIDENT/CEO	40.00	Officer	$1,205,097	$338,477	$1,543,574
JANICE HOLLAR	CFO	40.00	Officer	$453,550	$53,008	$506,558
JOHN WINTERMEIER	CBO	40.00	Key Emp	$301,179	$55,840	$357,019
JENNIFER GALLEY	COO	40.00	Key Emp	$377,892	$59,374	$437,266
DAVID OAK	CMO	40.00	Key Emp	$333,282	$60,644	$393,926
LISA SMITH	CRO	40.00	Key Emp	$272,604	$58,041	$330,645
TRACY INGRAM	CTO	40.00	Key Emp	$351,108	$27,661	$378,769
JEFFREY BLAKE	CPO	40.00	Key Emp	$349,287	$39,811	$389,098
JAMES DAWSON	CDDO	40.00	Key Emp	$346,459	$67,590	$414,049
STEVEN NORDBECK	VP WEALTH ADVISOR	40.00	Highest	$429,402	$53,352	$482,754
ANDREW DENIS	VP WEALTH ADVISOR	40.00	Highest	$366,461	$64,292	$430,753
REBECCA FISHER	VP WEALTH ADVISOR	40.00	Highest	$318,121	$46,739	$364,860
HORACE HACKNEY	VP CONTROLLER	40.00	Highest	$209,636	$31,439	$241,075
EDWIN EGAN	VP ENTERPRISE ANALYTICS/DATA CZAR	40.00	Highest	$208,635	$16,552	$225,187

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	$138,658,628	$116,275,538	$2,815,477,380	$22,383,090
2022	$100,200,617	$78,930,136	$2,666,717,333	$21,270,481
2021	$95,219,795	$69,303,347	$2,485,154,200	$25,916,448
2020	$93,337,453	$83,868,476	$2,115,178,080	$9,468,977
2019	$97,809,233	$78,501,084	$1,780,626,340	$19,308,149
2018	$88,458,457	$73,489,483	$1,717,085,439	$14,968,974

STATE CHARTERED CREDIT UNIONS IN FLORIDA