Florida Credit Union (EIN 590773154) - 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

1954

Legal Domicile

Principal Officer

Mark Starr

Phone

3523774141

Tax Period

2025-01-01 to 2025-12-31

Florida Credit Union, founded in 1954, is a major nonprofit that reported $190.0M in total revenue in fiscal year 2025. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $40.1M, a strong 21% operating margin.

Mission

Credit Union with income from credit union membership and from investments of member funds provide the foundation from which the organization can function and provide service to its restricted membership.

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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 $40,209,328

Investment Income $149,775,704

Other Revenue $21,684

TOTAL REVENUE $190,006,716

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,108,022

Fundraising Expenses $0

Other Expenses $116,759,838

TOTAL EXPENSES $149,867,860

Year-over-Year Comparison

	2025	2024	Change
Revenue	$190,006,716	$169,400,383	+0.1%
Expenses	$149,867,860	$134,246,141	+0.1%
Net Income	$40,138,856	$35,154,242	+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

390

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

$3,749,190

Total Directors

Key Employees

$1,523,779

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alfred Peoples	Board Treasurer	0.00	Director	$0	$0	$0
Andrew Sutherland	Board Director	0.00	Director	$0	$0	$0
Dr Barbara Buys	Board Vice-Chair	0.00	Director	$0	$0	$0
Faye McKnight	Board Secretary	0.00	Director	$0	$0	$0
Judy Johnson	Board Director	0.00	Director	$0	$0	$0
Kara Brown	Board Treasurer	0.00	Director	$0	$0	$0
Lynn Jones	Board Chair	0.00	Director	$0	$0	$0
William Hopgood	Board Director	0.00	Director	$0	$0	$0
Alfred Peoples	Board Director	0.00	Director	$0	$0	$0
Christine Suarez-Jenkins	SVP Lending/CLO	40.00	Officer	$478,034	$83,904	$561,938
David Eckardt	SVP Operations/COO	40.00	Officer	$749,599	$79,233	$828,832
Mark Starr	President/CEO	40.00	Officer	$1,246,741	$40,173	$1,286,914
Thomas Beck	SVP IS/CTO	40.00	Officer	$527,717	$62,684	$590,401
Wendy Koford	SVP Finance/CFO	40.00	Officer	$418,406	$62,699	$481,105
Beatrice Cherry	SVP Marketing	40.00	Key Emp	$257,165	$29,296	$286,461
Brian Moses	SVP Commercial	40.00	Key Emp	$343,550	$39,085	$382,635
Sarah King	SVP HR & Training	40.00	Key Emp	$266,209	$37,480	$303,689
Wesley Colson	SVP Credit Services	40.00	Key Emp	$271,912	$50,932	$322,844
April Schroeder	SVP Marketing	40.00	Key Emp	$200,284	$27,866	$228,150
Daniel Arreola	VP Risk Managment	40.00	Highest	$213,828	$34,304	$248,132
Jane Harris	Commercial Relationship Ma	40.00	Highest	$187,537	$35,814	$223,351
Kirk Becker	VP Information Services	40.00	Highest	$197,739	$45,854	$243,593
Lopes Michael	VP Systems Engineer	40.00	Highest	$179,414	$45,596	$225,010
Pingue Gregory	AVP Mortgage	40.00	Highest	$198,262	$34,075	$232,337

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	$190,006,716	$149,867,860	$2,636,563,039	$40,138,856
2024	$169,400,383	$134,246,141	$2,290,696,172	$35,154,242
2023	$143,282,205	$106,325,959	$2,105,555,808	$36,956,246
2022	$110,107,505	$75,117,641	$1,967,340,964	$34,989,864
2021	$101,413,872	$64,401,235	$1,753,770,979	$37,012,637
2020	$94,300,981	$75,891,825	$1,449,934,229	$18,409,156
2019	$85,476,711	$65,894,226	$1,266,313,564	$19,582,485
2018	$74,227,381	$58,588,938	$1,110,685,305	$15,638,443

Florida Credit Union