MERRITT ISLAND, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LAUNCH CREDIT UNION, founded in 1963, is a mid-sized nonprofit that reported $78.1M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $71.6M left a modest 8% surplus.
THE CREDIT UNION'S MISSION IS TO PROMOTE THRIFT AMONG ITS MEMBERS AND CREATE A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST. WE PROVIDE FINANCIAL SERVICES TO THE COMMUNITIES WE SERVE. WE OFFER FINANCIAL PRODUCTS AND SERVICES OUR MEMBERS NEED AND WANT WITH LOWER FEES. WE OFFER LOAN PRODUCTS OUR MEMBERS CAN AFFORD AND HELP BETTER THEM FINANCIALLY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $78,114,648 | $62,026,776 | +0.3% |
| Expenses | $71,622,027 | $55,371,601 | +0.3% |
| Net Income | $6,492,621 | $6,655,175 | 0.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| STUART DAWLEY | ASSOCIATE BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DORIS PUNDERSON | V - CHAIR AUDIT | 1.00 |
Director
|
$0 | $0 | $0 |
| CHUCK JENKINS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRIS WALDEN | ASSOCIATE BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL CADORE | ASSOCIATE BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CONNIE MORICE | DIRECTOR/AUDIT CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| DR KEVIN REED | ASSOCIATE BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| LINDA SOUTH | SECRETARY | 1.00 |
Director
|
$0 | $0 | $0 |
| ERIC OSTARLY | TREASURER | 1.00 |
Director
|
$0 | $0 | $0 |
| DAN SICCHIO | DIRECTOR/AUDIT CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| PERCY COHRS | CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| DOMINIC MORGESE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARILYN CHERUBINI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| HOLLIMARIE MONTIJO | VICE CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| DOROTHY BOURLIER | AUDIT CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| KEVIN LEBEAU | EVP CFO | 40.00 |
Officer
|
$265,070 | $61,529 | $326,599 |
| MARK BREWER | SVP CIO | 40.00 |
Officer
|
$272,326 | $34,517 | $306,843 |
| JANE SCHROPP | SVP CAO | 40.00 |
Officer
|
$243,487 | $26,591 | $270,078 |
| GARY LEVAR | EVP COO | 40.00 |
Officer
|
$283,303 | $21,213 | $304,516 |
| JOSEPH MIRACHI | PRESIDENT & CEO | 40.00 |
Officer
|
$592,202 | $133,746 | $725,948 |
| ANGELA CROSBY | VP PROJECT MANAGEMENT OFFI | 40.00 |
Highest
|
$167,885 | $30,278 | $198,163 |
| MICAH FLUHARTY | CORE SYSTEM PROGRAMMING MANAGER | 40.00 |
Highest
|
$154,689 | $29,508 | $184,197 |
| MICHAEL D'ACQUISTO | AVP CORE APPLICATION SERVI | 40.00 |
Highest
|
$174,693 | $22,767 | $197,460 |
| LOURDES CAMACHO | VP AUDIT | 40.00 |
Highest
|
$143,007 | $21,775 | $164,782 |
| KELLY HASKINS | VP MARKETING | 40.00 |
Highest
|
$138,902 | $14,557 | $153,459 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $78,114,648 | $71,622,027 | $1,385,231,153 | $6,492,621 |
| 2022 | $62,026,776 | $55,371,601 | $1,374,535,703 | $6,655,175 |
| 2021 | $49,955,268 | $44,426,547 | $1,071,639,457 | $5,528,721 |
Compare LAUNCH CREDIT UNION with other nonprofits in Florida and across the country.