STATE CHARTERED CU'S IN FL (EIN 590895489) - 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

CHARLES E ADCOCK III

Phone

8504301973

Tax Period

2020-01-01 to 2020-10-01

STATE CHARTERED CU'S IN FL, founded in 1954, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2020. Revenue fell 37% from the prior year — a significant decline worth monitoring.

Mission

PROVISION OF CREDIT UNION (CU) SERVICES TO ITS 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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $719,798

Investment Income $299,398

Other Revenue $136,572

TOTAL REVENUE $1,155,768

Expense Breakdown

Grants Paid $0

Salaries & Benefits $565,966

Fundraising Expenses $0

Other Expenses $576,353

TOTAL EXPENSES $1,142,319

Year-over-Year Comparison

	2020	2019	Change
Revenue	$1,155,768	$1,848,892	-0.4%
Expenses	$1,142,319	$1,487,675	-0.2%
Net Income	$13,449	$361,217	-1.0%

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

$97,827

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOEL MOYE	CHAIRMAN	4.00	Officer Director	$0	$0	$0
LISA WILLIAMS	VICE CHAIR	4.00	Officer Director	$0	$0	$0
REGINA CARTER	SECRETARY	4.00	Officer Director	$0	$0	$0
WAYNE RHODES	TREASURER	4.00	Officer Director	$0	$0	$0
LARRY CARTER	DIRECTOR	4.00	Director	$0	$0	$0
ELAINE MCCROAN	DIRECTOR	4.00	Director	$0	$0	$0
JEANETTE HARMAN	DIRECTOR	4.00	Director	$0	$0	$0
HUGH FONES	DIRECTOR	4.00	Director	$0	$0	$0
JOHN OERTING	DIRECTOR	4.00	Director	$0	$0	$0
ANITA COOPER	PRESIDENT/CEO	40.00	Officer	$92,106	$5,721	$97,827

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
2020	$1,155,768	$1,142,319	No data	$13,449
2019	$1,848,892	$1,487,675	$46,611,116	$361,217
2018	$1,597,851	$1,649,535	$46,126,589	$-51,684

STATE CHARTERED CU'S IN FL