STATE CHARTERED CREDIT UNIONS IN FLORIDA ADVENTHEALTH CREDIT UNION

EIN: 591022425

ALTAMONTE SPRINGS, FL

Total Revenue
$7,997,409
Total Expenses
$6,686,218
Total Assets
$121,930,527
Net Assets
$9,817,345
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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
FL
Principal Officer
ADAM NEUSAENGER
Phone
4073031527
Tax Period
2025-01-01 to 2025-12-31

STATE CHARTERED CREDIT UNIONS IN FLORIDA ADVENTHEALTH CREDIT UNION, founded in 1955, is a community nonprofit that reported $8.0M in total revenue in fiscal year 2025. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.3M, a strong 16% operating margin.

Mission

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

Program Service Accomplishments

Program 1

SHARES - THE CREDIT UNION SERVICED 23,873 DEPOSIT ACCOUNTS WITH AN AGGREGATE BALANCE OF OVER $107 MILLION AS OF DECEMBER 31, 2025.

Program 2

LOANS - THE CREDIT UNION HAS OVER 5,200 LOANS OUTSTANDING THAT HAVE AN AGGREGATE BALANCE OF APPROXIMATELY $94 MILLION AS OF DECEMBER 31, 2025.

Program 3

FINANCIAL SERVICES - THE CREDIT UNION OFFERS A VARIETY OF FINANCIAL SERVICES FOR 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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $300,000
Program Service Revenue $6,862,459
Investment Income $834,950
Other Revenue $0
TOTAL REVENUE $7,997,409

Expense Breakdown

Grants Paid $34,063
Salaries & Benefits $2,425,154
Fundraising Expenses $0
Other Expenses $4,227,001
TOTAL EXPENSES $6,686,218

Year-over-Year Comparison

2025 2024 Change
Revenue $7,997,409 $6,745,787 +0.2%
Expenses $6,686,218 $5,980,703 +0.1%
Net Income $1,311,191 $765,084 +0.7%
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
9
Independent Members
9
Employees
32
Volunteers
13

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
2
$385,273
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
1
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 BOARD MEMEBER 1.00
Director
$0 $0 $0
SHERYL MOORHEAD BOARD MEMEBER 1.00
Director
$0 $0 $0
KRISTIN ULANOFF BOARD MEMEBER 1.00
Director
$0 $0 $0
ABEL BIRI BOARD MEMEBER 1.00
Director
$0 $0 $0
TIMOTHY COOK BOARD MEMEBER 1.00
Director
$0 $0 $0
DANIEL MYERS SUPERVISORY COMMITTEE CHAI 1.00
Director
$0 $0 $0
ARMANDO TAGALOG SUPERVISORY COMMITTEE MEMB 1.00
Director
$0 $0 $0
KELLEY MORING SUPERVISORY COMMITTEE MEMB 1.00
Director
$0 $0 $0
ALBERT LEE SUPERVISORY COMMITTEE MEMB 1.00
Director
$0 $0 $0
JOHN ADAM NEUSAENGER PRESIDENT/CEO 40.00
Officer
$208,174 $40,992 $249,166
VERONICA GURMENDI CONTROLLER 40.00
Officer
$110,448 $25,659 $136,107
SHUSHILYA MOHAMMED CHIEF OPERATING OFFICER 40.00
Highest
$127,402 $25,770 $153,172
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 $7,997,409 $6,686,218 $121,930,527 $1,311,191
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
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