STATE CHARTERED CREDIT UNIONS IN FLORIDA ADVENTHEALTH CREDIT UNION (EIN 591022425) - 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

1955

Legal Domicile

Principal Officer

ADAM NEUSAENGER

Phone

4073031527

Tax Period

2024-01-01 to 2024-12-31

STATE CHARTERED CREDIT UNIONS IN FLORIDA ADVENTHEALTH CREDIT UNION, founded in 1955, is a community nonprofit that reported $6.7M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $6.0M left a modest 11% surplus.

Mission

OUR MISSION IS TO EMPOWER MEMBERS TO ACHIEVE THEIR FINANCIAL GOALS.

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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 $6,196,723

Investment Income $549,064

Other Revenue $0

TOTAL REVENUE $6,745,787

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,145,525

Fundraising Expenses $0

Other Expenses $3,835,178

TOTAL EXPENSES $5,980,703

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,745,787	$5,561,437	+0.2%
Expenses	$5,980,703	$4,568,849	+0.3%
Net Income	$765,084	$992,588	-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

$346,880

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK DEEGAN	CHAIR	1.00	Director	$0	$0	$0
KATHY REEP	VICE CHAIR	1.00	Director	$0	$0	$0
CECIL LOWRY	TREASURER	1.00	Director	$0	$0	$0
GREGORY EDRIS	SECRETARY	1.00	Director	$0	$0	$0
WILLIAM COCHRAN	DIRECTOR	1.00	Director	$0	$0	$0
SHERYL MOORHEAD	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIN ULANOFF	DIRECTOR	1.00	Director	$0	$0	$0
ABEL BIRI	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY COOK	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL MYERS	SUPERVISORY COMMITTEE CHAIR	1.00	Director	$0	$0	$0
ARMANDO TAGALOG	SUPERVISORY COMMITTEE MEMBER	1.00	Director	$0	$0	$0
KELLEY MORING	SUPERVISORY COMMITTEE MEMBER	1.00	Director	$0	$0	$0
ALBERT LEE	SUPERVISORY COMMITTEE MEMBER	1.00	Director	$0	$0	$0
JOHN ADAM NEUSAENGER	PRESIDENT/CHIEF EXECUTIVE	40.00	Officer	$182,865	$38,183	$221,048
VERONICA GURMENDI	CONTROLLER	40.00	Officer	$104,798	$21,034	$125,832
SHUSHILYA MOHAMMED	CHIEF OPERATING OFFICER	40.00	Highest	$113,537	$23,669	$137,206

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	$6,745,787	$5,980,703	$110,321,533	$765,084
2023	$5,561,437	$4,568,849	$101,105,440	$992,588
2022	$4,316,141	$3,455,718	$95,116,557	$860,423
2021	$3,560,919	$2,937,572	$87,334,618	$623,347
2020	$3,498,180	$2,825,356	$73,000,907	$672,824
2019	$3,508,460	$2,889,148	$57,193,053	$619,312
2018	$3,176,985	$2,713,200	$53,299,013	$463,785

STATE CHARTERED CREDIT UNIONS IN FLORIDA ADVENTHEALTH CREDIT UNION