FLORIDA RURAL ELECTRIC CREDIT UNION (EIN 591640679) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1975

Legal Domicile

Principal Officer

ANDREW GREENE

Phone

8508776168

Tax Period

2023-01-01 to 2023-12-31

FLORIDA RURAL ELECTRIC CREDIT UNION, founded in 1975, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 12% surplus.

Mission

CREDIT UNION - TO PROVIDE FINANCIAL SERVICES FOR ITS MEMBERS.

🔒

Trantor Score

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,289,139

Investment Income $194,864

Other Revenue $95,383

TOTAL REVENUE $1,579,386

Expense Breakdown

Grants Paid $0

Salaries & Benefits $480,014

Fundraising Expenses $0

Program Expenses $1,397,127

Other Expenses $917,113

TOTAL EXPENSES $1,397,127

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,579,386	$1,278,439	+0.2%
Expenses	$1,397,127	$1,227,534	+0.1%
Net Income	$182,259	$50,905	+2.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW GREENE	VP OF OPERAT	40.00	Officer	$0	$0	$0
THOMAS FLOWERS	CEO	5.00	Officer	$0	$0	$0
JOHN BARTLEY	BOD CHAIRMAN	1.00	Director	$0	$0	$0
SCOTT NEWBERRY	BOD VICE CHA	1.00	Director	$0	$0	$0
JEFF BREWINGTON	BOD SEC/TREA	1.00	Director	$0	$0	$0
RANDALL W SHAW	BOARD MEMBER	1.00	Director	$0	$0	$0
JACKIE POOSER	BOARD MEMBER	1.00	Director	$0	$0	$0
ALAN F HENGESBACH	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHEN RHODES	BOARD MEMBER	1.00	Director	$0	$0	$0
CHERYL ROGERS	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTINE MOOR	BOARD MEMBER	1.00	Director	$0	$0	$0
JO ANN FULLER	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIUS HACKETT	BOARD MEMBER	1.00	Director	$0	$0	$0
DENNY GEORGE	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF BANKA	BOARD MEMBER	1.00	Director	$0	$0	$0
RYAN CAMPBELL	BOARD MEMBER	1.00	Director	$0	$0	$0
JUSTIN BARNES	SC CHAIR	1.00	Officer	$0	$0	$0
SONYA DOOLEY	SC MEM	1.00	Officer	$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	No data	No data	No data	No data
2023	$1,579,386	$1,397,127	$27,777,483	$182,259
2022	$1,278,439	$1,227,534	$28,070,978	$50,905
2021	$1,187,358	$1,155,867	$29,767,902	$31,491
2020	$1,260,480	$1,227,730	$32,762,173	$32,750
2019	$1,365,023	$1,417,120	$28,089,457	$-52,097
2018	$1,289,027	$1,253,607	$29,036,417	$35,420

FLORIDA RURAL ELECTRIC CREDIT UNION