STATE CHARTERED CREDIT UNIONS IN FLORIDA (EIN 591206460) - 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

1953

Legal Domicile

Phone

3525093200

Tax Period

2023-01-01 to 2023-12-31

STATE CHARTERED CREDIT UNIONS IN FLORIDA, founded in 1953, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $397K, a strong 20% operating margin.

Mission

PROVIDING FINANCIAL SERVICES EXCLUSIVELY TO CREDIT UNION MEMBERS8

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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 $254,259

Program Service Revenue $1,303,212

Investment Income $420,198

Other Revenue $0

TOTAL REVENUE $1,977,669

Expense Breakdown

Grants Paid $0

Salaries & Benefits $661,060

Fundraising Expenses $0

Program Expenses $1,315,974

Other Expenses $919,922

TOTAL EXPENSES $1,580,982

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,977,669	$1,483,144	+0.3%
Expenses	$1,580,982	$1,387,643	+0.1%
Net Income	$396,687	$95,501	+3.2%

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

$103,041

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN NAZARUK	CEO OR MANAGER	40.00	Officer	$103,041	$0	$103,041
LYN COLE	BOARD VICE CHAIRPERSON BOARD SECRETARY	2.00	Director	$0	$0	$0
JAMES POOLE	BOARD SECRETARY BOARD TREASURER	2.00	Director	$0	$0	$0
JOSEPH SWITT	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRIS THOMAS	BOARD CHAIRPERSON	2.00	Director	$0	$0	$0
JACKIE GUTIERREZ	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL ALSUP	SUPERVISORY COMMITTEE CHAIRPERSON	2.00	Director	$0	$0	$0
NANCY MEAGHER	SUPERVISORY COMMITTEE MEMBER	2.00	Director	$0	$0	$0
CYNTHIA BARNES	SUPERVISORY COMMITTEE MEMBER	2.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,977,669	$1,580,982	$49,685,727	$396,687
2022	$1,483,144	$1,387,643	$49,310,584	$95,501
2021	$1,392,118	$1,219,543	$45,208,588	$172,575
2020	$1,538,838	$1,379,021	$39,078,240	$159,817
2019	$1,613,858	$1,469,225	$33,298,311	$144,633
2018	$1,448,890	$1,364,127	$32,696,000	$84,763

STATE CHARTERED CREDIT UNIONS IN FLORIDA