STATE CHARTERED CREDIT UNIONS IN FLORIDA ENVISION CREDIT UNION (EIN 590873652) - 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

MR DARRYL WORRELL

Phone

8509429000

Tax Period

2024-01-01 to 2024-12-31

STATE CHARTERED CREDIT UNIONS IN FLORIDA ENVISION CREDIT UNION, founded in 1954, is a mid-sized nonprofit that reported $60.9M in total revenue in fiscal year 2024. Expenses of $57.1M left a modest 6% surplus.

Mission

TO PROVIDE INNOVATIVE PRODUCTS AND FINANCIAL EDUCATION TO OUR MEMBERS AND SUPPORT OUR LOCAL COMMUNITIES TO PROMOTE GREATER ECONOMIC OPPORTUNITY.

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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 $46,056,802

Investment Income $6,235,101

Other Revenue $8,582,935

TOTAL REVENUE $60,874,838

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,846,838

Fundraising Expenses $0

Other Expenses $40,289,067

TOTAL EXPENSES $57,135,905

Year-over-Year Comparison

	2024	2023	Change
Revenue	$60,874,838	$56,553,134	+0.1%
Expenses	$57,135,905	$51,450,766	+0.1%
Net Income	$3,738,933	$5,102,368	-0.3%

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

309

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

$696,208

Total Directors

$4,200

Key Employees

$1,429,411

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR CASSANDRA GRAYSON	CHAIRPERSON	1.00	Director	$600	$0	$600
ALLETA SHUTES	1ST VICE CHAIRPERSON	1.00	Director	$600	$0	$600
H EUGENE MCNEASE	2ND VICE CHAIRPERSON	1.00	Director	$600	$0	$600
LINDA PRESLEY JONES	TREASURER	1.00	Director	$600	$0	$600
H EUGENE MORGAN	SECRETARY	1.00	Director	$0	$0	$0
DR CHRISTOPHER SMALL	BOD & SUPERVISORY COMMITTEE MEMBER	1.00	Director	$600	$0	$600
CHANDLER RUSSELL	SUPERVISORY COMMITTEE MEMBER	1.00	Director	$600	$0	$600
DR RONALD CARNEY	SUPERVISORY COMMITTEE MEMBER	1.00	Director	$600	$0	$600
DARRYL G WORRELL	PRESIDENT/CEO	40.00	Officer	$639,846	$56,362	$696,208
BOB DOBY JR	INTERIM CFO	26.00	Officer	$0	$0	$0
HOLLIE MADDOX	SVP CHIEF OPERATIONS OFFICER	40.00	Key Emp	$593,432	$33,064	$626,496
RUDOLPH ARCEO	SVP STRATEGIC DEVELOPMENT	40.00	Key Emp	$554,623	$29,934	$584,557
GRADY HUDSON	SVP CHIEF INFORMATION OFFICER	25.00	Key Emp	$192,078	$26,280	$218,358
RUTHELLEN CALDWELL	VP FINANCIAL CENTERS	40.00	Highest	$164,386	$16,289	$180,675
MINDY DESHERLIA	VP REMOTE DELIVERY SERVICE	40.00	Highest	$118,153	$17,603	$135,756
MELISSA HEWETT	AVP HOME LOANS MANAGER	40.00	Highest	$117,422	$18,772	$136,194
WILLIAM ROGERS	AVP IT FACILITIES	40.00	Highest	$116,962	$7,547	$124,509
GENE SELIGER	MORTGAGE LOAN ORIGINATOR	40.00	Highest	$113,365	$20,564	$133,929

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	$60,874,838	$57,135,905	$839,902,667	$3,738,933
2023	$56,553,134	$51,450,766	$836,726,256	$5,102,368
2022	$46,065,094	$41,471,619	$805,154,808	$4,593,475
2021	$45,725,908	$40,246,391	$809,997,626	$5,479,517
2020	$43,573,562	$40,855,170	$716,005,709	$2,718,392
2018	$37,529,083	$32,468,830	$580,912,574	$5,060,253

STATE CHARTERED CREDIT UNIONS IN FLORIDA ENVISION CREDIT UNION