STATE CHARTERED CREDIT UNIONS IN FLORIDA (EIN 590787574) - 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

1948

Legal Domicile

Principal Officer

DEANA HENNESSEY

Phone

9543355100

Tax Period

2024-01-01 to 2024-12-31

STATE CHARTERED CREDIT UNIONS IN FLORIDA, founded in 1948, is a community nonprofit that reported $9.5M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.5M, a strong 15% operating margin.

Mission

ENHANCING THE FINANCIAL LIVES OF OUR MEMBERS THROUGH CONSISTENT SERVICE

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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 $8,771,702

Investment Income $727,287

Other Revenue $0

TOTAL REVENUE $9,498,989

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,731,267

Fundraising Expenses $0

Program Expenses $8,020,165

Other Expenses $5,307,000

TOTAL EXPENSES $8,038,267

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,498,989	$8,304,452	+0.1%
Expenses	$8,038,267	$6,514,310	+0.2%
Net Income	$1,460,722	$1,790,142	-0.2%

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

$197,715

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEANA HENNESSEY	CEO	40.00	Officer	$197,715	$0	$197,715
JEROME SCHWAB	BOARD MEMBER	2.00	Director	$0	$0	$0
LEVORA HOLT	BOARD VICE CHAIRPERSON BOARD MEMBER	2.00	Director	$0	$0	$0
BARRY EKLE	BOARD CHAIRPERSON BOARD MEMBER	2.00	Director	$0	$0	$0
ALANA RAGOONAN	BOARD MEMBERSUPERVISORY COMMITTEE MEMBER	2.00	Director	$0	$0	$0
GIL AMARA	BOARD MEMBER SUPERVISORY COMMITTE CHAIRPERSON	2.00	Director	$0	$0	$0
DESTINY DEJESUS	BOARD SECRETARY BOARD TREASURER 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	No data	No data	No data	No data
2024	$9,498,989	$8,038,267	$153,183,087	$1,460,722
2023	$8,304,452	$6,514,310	$141,725,244	$1,790,142
2022	$5,882,262	$5,351,782	$139,468,454	$530,480
2021	$5,221,520	$4,763,306	$133,810,644	$458,214
2020	$5,638,071	$5,222,388	$121,410,125	$415,683
2019	$6,348,639	$5,438,098	$99,940,781	$910,541
2018	$5,993,145	$5,141,789	$96,252,288	$851,356

STATE CHARTERED CREDIT UNIONS IN FLORIDA