STATE CHARTERED CREDIT UNIONS IN FLORIDA (EIN 590747965) - 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

ANGELA WRIGHT

Phone

3053250511

Tax Period

2025-01-01 to 2025-12-31

STATE CHARTERED CREDIT UNIONS IN FLORIDA, founded in 1947, is a small nonprofit that reported $241K in total revenue in fiscal year 2025. Revenue decreased 13% compared to the prior year. Expenses of $463K exceeded revenue, resulting in a 92% operating deficit.

Mission

Providing financial services exclusively to credit union members

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $91,288

Investment Income $149,445

Other Revenue $0

TOTAL REVENUE $240,733

Expense Breakdown

Grants Paid $0

Salaries & Benefits $128,021

Fundraising Expenses $0

Program Expenses $462,559

Other Expenses $334,538

TOTAL EXPENSES $462,559

Year-over-Year Comparison

	2025	2024	Change
Revenue	$240,733	$277,255	-0.1%
Expenses	$462,559	$173,535	+1.7%
Net Income	$-221,826	$103,720	-3.1%

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

$42,365

Total Directors

$42,365

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Angela Wright	Manager or CEO Board and Treasurer	40.00	Officer Director	$42,365	$0	$42,365
Kenneth Albury	Board Member	2.00	Director	$0	$0	$0
Jovita Morrison	Board Secreatry	2.00	Director	$0	$0	$0
Arthur Sweeny	Board Chairperson and Board Member	2.00	Director	$0	$0	$0
William Slattery	Board Vice Chairperson and Board Member	2.00	Director	$0	$0	$0

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
2025	$240,733	$462,559	No data	$-221,826
2024	$277,255	$173,535	$4,882,921	$103,720
2023	$232,256	$167,234	$5,163,030	$65,022
2022	$141,884	$133,600	$5,300,530	$8,284
2021	$120,971	$157,323	$4,901,232	$-36,352
2020	$152,479	$158,511	$4,955,611	$-6,032
2019	$179,234	$160,023	$4,621,492	$19,211
2018	$158,372	$152,182	$4,508,563	$6,190

STATE CHARTERED CREDIT UNIONS IN FLORIDA