HOLLYWOOD, FL
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)MEMORIAL EMPLOYEES FINANCIAL CREDIT UNION, founded in 1971, is a community nonprofit in the Public & Societal Benefit sector that reported $4.3M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $4.1M left a modest 5% surplus.
THE OBJECTIVE AND PURPOSE OF THIS CREDIT UNION IS A COOPERATIVE NONPROFIT ASSOCIATION ORGANIZED UNDER THE LAWS OF THE STATE OF FLORIDA, FOR THE PURPOSES OF ENCOURAGING THRIFT AMONG ITS MEMBERS, CREATING SOURCES OF CREDIT AT FAIR AND REASONABLE RATES OF INTEREST, AND PROVIDING AN OPPORTUNITY FOR ITS MEMBERS TO USE AND CONTROL THEIR RESOURCES ON A DEMOCRATIC BASIS TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION.
INCOME FROM THE CREDIT UNION MEMBERSHIP AND FROM THE INVESTMENT OF MEMBER FUNDS PROVIDE THE FOUNDATION FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $4,301,042 | $2,998,863 | +0.4% |
| Expenses | $4,077,888 | $2,494,018 | +0.6% |
| Net Income | $223,154 | $504,845 | -0.6% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DIONNE BLACKWOOD | CHAIRPERSON | 5.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM EDELSTEIN | VICE CHAIRPERSON | 5.00 |
Director
|
$0 | $0 | $0 |
| WALTER NUSSELL | TREASURER | 5.00 |
Director
|
$0 | $0 | $0 |
| ED WARNER | SECRETARY | 5.00 |
Director
|
$0 | $0 | $0 |
| DENISE DICESARE | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| JUDY FRUM | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM WHEATLEY | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| LESLIE SCOTT SINGER | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| DEBORAH LESSARD | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| GEORGE GLASSER | CEO | 40.00 |
Officer
Director
|
$281,587 | $127,086 | $408,673 |
| OSCAR SANCHEZ | SVP LENDING | 40.00 |
Officer
|
$160,925 | $15,501 | $176,426 |
| ELLEN HOUSMAN | CFO | 40.00 |
Officer
|
$147,827 | $19,035 | $166,862 |
| COLLEEN JONES | VP OF COMPLIANCE | 40.00 |
Highest
|
$113,550 | $14,967 | $128,517 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $4,301,042 | $4,077,888 | $89,035,102 | $223,154 |
| 2023 | $2,998,863 | $2,494,018 | $89,416,526 | $504,845 |
Compare MEMORIAL EMPLOYEES FINANCIAL CREDIT UNION with other nonprofits in Florida and across the country.