STATE CHARTERED CREDIT UNIONS IN FLORIDA

EIN: 590968187

CHIPLEY, FL

Total Revenue
$16,877,852
Total Expenses
$14,963,113
Total Assets
$233,031,060
Net Assets
$30,683,936
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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
1959
Legal Domicile
FL
Phone
8506388376
Tax Period
2025-01-01 to 2025-12-31

STATE CHARTERED CREDIT UNIONS IN FLORIDA, founded in 1959, is a mid-sized nonprofit that reported $16.9M in total revenue in fiscal year 2025. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $15.0M left a modest 11% surplus.

Mission

STATE CHARTERED CREDIT UNION OFFERING SAVINGS, CHECKING, CERTIFICATES OF DEPOSIT AND LOANS TO ITS 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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $15,972,162
Investment Income $905,690
Other Revenue $0
TOTAL REVENUE $16,877,852

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,486,886
Fundraising Expenses $0
Program Expenses $22,194,851
Other Expenses $10,476,227
TOTAL EXPENSES $14,963,113

Year-over-Year Comparison

2025 2024 Change
Revenue $16,877,852 $15,593,971 +0.1%
Expenses $14,963,113 $14,133,784 +0.1%
Net Income $1,914,739 $1,460,187 +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

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Governance

Voting Members
6
Independent Members
N/A
Employees
72
Volunteers
6

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
$728,968
Total Directors
6
$0
Key Employees
3
$374,272
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAN L PAGE PRESIDENT-CEO 50
Officer Highest
$314,471 $0 $314,471
WAYLAND FULFORD SENIOR VICE PRESIDENT, CLO 40
Officer
$216,448 $0 $216,448
NINA ADAMS SENIOR VICE-PRESIDENT, CFO 50
Officer
$198,049 $0 $198,049
REBECCA SPENCER SENIOR VICE PRESIDENT OF BRANCH OPERATIONS 40
Key Emp
$143,893 $0 $143,893
TRACY NEWSOM VP OF OPERATIONS 50
Key Emp
$123,697 $0 $123,697
SUMMER FOREHAND AVP, MORTGAGE 40
Key Emp
$106,682 $0 $106,682
IRA J CARTER BOARD CHAIRMAN 0
Director
$0 $0 $0
THOMAS COOK BOARD VICE-CHAIR 0
Director
$0 $0 $0
JERRY CAMPBELL BOARD MEMBER 0
Director
$0 $0 $0
STEVE WHITTINGTON BOARD MEMBER 0
Director
$0 $0 $0
DEREK CHADWELL BOARD SECRETARY/TREASURER 0
Director
$0 $0 $0
HOWARD HODGE III BOARD MEMBER 0
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 $16,877,852 $14,963,113 $233,031,060 $1,914,739
2024 $15,593,971 $14,133,784 $234,175,641 $1,460,187
2023 $13,820,741 $12,010,181 $228,698,998 $1,810,560
2022 $10,944,013 $7,786,574 $199,432,607 $3,157,439
2021 $10,136,574 $8,009,845 $187,544,118 $2,126,729
2020 $9,540,463 $7,706,703 $161,931,375 $1,833,760
2019 $9,567,926 $7,924,334 $135,071,126 $1,643,592
2018 $9,038,857 $7,150,134 $128,994,985 $1,888,723
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