STATE CHARTERED CREDIT UNIONS IN FLORIDA LOYALTY CREDIT UNION (EIN 591009534) - 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

1962

Legal Domicile

Principal Officer

ROBERT PARK BROOME

Phone

8504740970

Tax Period

2023-01-01 to 2023-12-31

STATE CHARTERED CREDIT UNIONS IN FLORIDA LOYALTY CREDIT UNION, founded in 1962, is a mid-sized nonprofit that reported $20.3M in total revenue in fiscal year 2023. Revenue surged 52% from the prior year, signaling strong growth momentum. Expenses of $18.0M left a modest 11% surplus.

Mission

WE WILL SERVE THE NEEDS OF OUR MEMBERS BEYOND THEIR EXPECTATIONS. WE STRIVE TO ASSIST OUR MEMBERS WITH ALL OF THEIR FINANCIAL NEEDS AND PROVIDE SERVICE BEYOND THEIR EXPECTATIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $16,019,947

Investment Income $4,273,470

Other Revenue $0

TOTAL REVENUE $20,293,417

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $6,816,981

Fundraising Expenses $0

Other Expenses $11,205,010

TOTAL EXPENSES $18,022,991

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,293,417	$13,329,944	+0.5%
Expenses	$18,022,991	$12,329,524	+0.5%
Net Income	$2,270,426	$1,000,420	+1.3%

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

118

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

$838,513

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN COE	CHAIRPERSON	10.00	Director	$0	$0	$0
JUANITA ASHLEY	DIRECTOR	10.00	Director	$0	$0	$0
JAMES DANNY GILMAN	TREASURER	10.00	Director	$0	$0	$0
STEPHANIE CLAPP	VICE CHAIRPERSON	10.00	Director	$0	$0	$0
DUSTIN DANIELS	DIRECTOR	10.00	Director	$0	$0	$0
TRACEY GOLAY	SECRETARY	10.00	Director	$0	$0	$0
CHIP SIMMONS	DIRECTOR	10.00	Director	$0	$0	$0
LISA BROWN	CEO	40.00	Officer	$304,984	$14,936	$319,920
ROBERT PARK BROOME	CHIEF STRATEGY OFFICER	40.00	Officer	$154,375	$6,889	$161,264
ELIZABETH OAKES	CHIEF OPERATIONS OFFICER	40.00	Officer	$137,625	$3,432	$141,057
GARY TODD CUNNINGHAM	CHIEF OF STAFF	40.00	Officer	$84,691	$6,790	$91,481
JOSHUA JACKSON	CHIEF FINANCIAL OFFICER	40.00	Officer	$124,791	$0	$124,791
MARGARET CONAGHAN	VP/COMPLIANCE	40.00	Highest	$107,706	$10,906	$118,612
TERESA LOY	VP/ LENDING	40.00	Highest	$112,284	$4,515	$116,799

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	No data	No data	No data	No data
2023	$20,293,417	$18,022,991	$300,751,390	$2,270,426
2022	$13,329,944	$12,329,524	$308,952,965	$1,000,420
2021	$10,100,900	$9,740,673	$233,913,304	$360,227
2020	$9,741,072	$10,102,156	$212,016,760	$-361,084
2019	$10,615,156	$10,230,700	$173,040,365	$384,456
2018	$10,071,254	$9,874,374	$172,731,684	$196,880

STATE CHARTERED CREDIT UNIONS IN FLORIDA LOYALTY CREDIT UNION