Pompano Beach City Employees Credit Union

EIN: 591026659

Pompano Beach, FL

Total Revenue
$2,270,763
Total Expenses
$2,132,319
Total Assets
$29,776,230
Net Assets
$5,800,450
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1956
Legal Domicile
FL
Principal Officer
Nanette Collette
Phone
9547858715
Tax Period
2024-01-01 to 2024-12-31

Pompano Beach City Employees Credit Union, founded in 1956, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024. Expenses of $2.1M left a modest 6% surplus.

Mission

Pompano Beach Employees Credit Union is a nonprofit cooperative, financial institution organized to promote thrift and provide credit to members at better rates than those available from other sources.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,909,317
Investment Income $247,425
Other Revenue $114,021
TOTAL REVENUE $2,270,763

Expense Breakdown

Grants Paid $0
Salaries & Benefits $756,988
Fundraising Expenses $0
Program Expenses $0
Other Expenses $1,375,331
TOTAL EXPENSES $2,132,319

Year-over-Year Comparison

2024 2023 Change
Revenue $2,270,763 $2,228,264 +0.0%
Expenses $2,132,319 $2,008,060 +0.1%
Net Income $138,444 $220,204 -0.4%
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
5
Independent Members
5
Employees
8
Volunteers
4

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
4
$174,653
Total Directors
5
$0
Key Employees
1
$174,653
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Nanette Collette CEO 40
Officer Key Emp Highest
$160,536 $14,117 $174,653
Catherine Hollingsworth Branch Manager 40
Highest
$115,540 $18,200 $133,740
Linda Smith Loan Officer 40
Highest
$112,016 $8,855 $120,871
Michael Deberry President 5
Officer Director
$0 $0 $0
Frankie Chevere Vice President 5
Officer Director
$0 $0 $0
Kerry Justice Treasurer 5
Director
$0 $0 $0
Mary Pritchard Secretary 5
Officer Director
$0 $0 $0
Robert Brantley Board Member 5
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
2024 $2,270,763 $2,132,319 $29,776,230 $138,444
2023 $2,228,264 $2,008,060 $30,430,640 $220,204
2022 $1,809,184 $1,485,697 $30,364,295 $323,487
2021 $1,517,969 $1,311,738 $27,603,729 $206,231
2020 $1,489,109 $1,292,511 $24,232,635 $196,598
2019 $1,528,400 $1,140,210 $21,649,810 $388,190
2018 $1,520,991 $1,244,311 $21,651,486 $276,680
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