STATE CHARTERED CREDIT UNIONS IN FLORIDA UNIVERSITY CREDIT UNION (EIN 590747276) - 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

1947

Legal Domicile

Principal Officer

ALBERT E ROSE

Phone

7864255000

Tax Period

2024-01-01 to 2024-12-31

STATE CHARTERED CREDIT UNIONS IN FLORIDA UNIVERSITY CREDIT UNION, founded in 1947, is a community nonprofit that reported $10.0M in total revenue in fiscal year 2024. Expenses of $9.1M left a modest 9% surplus.

Mission

TO PROVIDE QUALITY FINANCIAL SERVICES FOR OUR MEMBERS TO IMPROVE THEIR FINANCIAL STATUS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,268,651

Investment Income $3,722,007

Other Revenue $0

TOTAL REVENUE $9,990,658

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,773,467

Fundraising Expenses $0

Other Expenses $6,344,946

TOTAL EXPENSES $9,118,413

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,990,658	$9,626,124	+0.0%
Expenses	$9,118,413	$8,608,806	+0.1%
Net Income	$872,245	$1,017,318	-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

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

$736,815

Total Directors

Key Employees

$216,712

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT INGOLD	BOARD CHAIRMAN	5.00	Officer Director	$0	$0	$0
BENJAMIN SALZ	VICE CHAIR	5.00	Officer Director	$0	$0	$0
HUMBERTO SPEZIANI	TREASURER	5.00	Officer Director	$0	$0	$0
REMBERTO SANCHEZ	SECRETARY	5.00	Officer Director	$0	$0	$0
ROBERT BURNS	BOARD MEMBER	5.00	Director	$0	$0	$0
THOMAS SANTORO	BOARD MEMBER	5.00	Director	$0	$0	$0
ALEX COLLINS	BOARD MEMBER	5.00	Director	$0	$0	$0
NICOE ARZA	BOARD MEMBER	5.00	Director	$0	$0	$0
ALBERT E ROSE	PRESIDENT/CEO	40.00	Officer	$519,563	$33,366	$552,929
ERIC J HOSKINS	EVP/CIO	40.00	Officer	$171,091	$12,795	$183,886
RICCARDO FRANCOIS	AVP LENDING	40.00	Key Emp	$206,656	$10,056	$216,712
JOHAN MOLINA	AVP ACCOUNTING	40.00	Highest	$108,900	$11,285	$120,185

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	$9,990,658	$9,118,413	$238,682,530	$872,245
2023	$9,626,124	$8,608,806	$255,503,563	$1,017,318
2022	$8,027,074	$7,256,462	$261,583,999	$770,612
2021	$7,623,548	$6,728,018	$259,434,807	$895,530
2020	$7,581,620	$7,356,576	$244,482,232	$225,044
2019	$8,331,691	$7,264,185	$209,679,627	$1,067,506
2018	$8,047,302	$7,067,061	$207,089,083	$980,241

STATE CHARTERED CREDIT UNIONS IN FLORIDA UNIVERSITY CREDIT UNION