STATE CHARTERED CREDIT UNIONS IN FLORIDA

EIN: 591227031

MONTICELLO, FL

Total Revenue
$942,931
Total Expenses
$810,061
Total Assets
$15,292,120
Net Assets
$2,236,163
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1964
Legal Domicile
FL
Principal Officer
KAYLA MCKOWN
Phone
8503420250
Tax Period
2025-01-01 to 2025-12-31

STATE CHARTERED CREDIT UNIONS IN FLORIDA, founded in 1964, is a small nonprofit that reported $943K in total revenue in fiscal year 2025. Expenses of $810K left a modest 14% surplus.

Mission

Programs of credit unions which offer a wide variety of personal financial services exclusively to their members featuring competitive rates and investments and other products and services.

Program Service Accomplishments

Program 1
Expenses: $810,061 Revenue: $942,931

Providing financial services exclusively to credit union 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 $0
Program Service Revenue $848,515
Investment Income $94,416
Other Revenue $0
TOTAL REVENUE $942,931

Expense Breakdown

Grants Paid $0
Salaries & Benefits $316,803
Fundraising Expenses $0
Program Expenses $810,061
Other Expenses $493,258
TOTAL EXPENSES $810,061

Year-over-Year Comparison

2025 2024 Change
Revenue $942,931 $894,771 +0.1%
Expenses $810,061 $752,427 +0.1%
Net Income $132,870 $142,344 -0.1%
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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Governance

Voting Members
5
Independent Members
4
Employees
4
Volunteers
7

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
1
$97,407
Total Directors
5
$97,407
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gladys Roann Board Chairperson 2.00
Director
$0 $0 $0
Judy Allen Board Member 2.00
Director
$0 $0 $0
Gwendolyn L Reshard Board Secretary 2.00
Director
$0 $0 $0
Benjamin G Bishop Board Vice Chairperson 2.00
Director
$0 $0 $0
Kayla McKown CEO Board Treasurer 40.00
Officer Director
$89,852 $7,555 $97,407
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 $942,931 $810,061 $15,292,120 $132,870
2024 $894,771 $752,427 $15,163,769 $142,344
2023 $742,035 $583,485 $13,605,568 $158,550
2022 $632,508 $474,563 $13,608,713 $157,945
2021 $579,615 $455,985 $12,966,817 $123,630
2020 $567,382 $428,700 $11,756,425 $138,682
2019 $555,886 $475,378 $11,288,211 $80,508
2018 $473,110 $404,647 $10,351,390 $68,463
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