STATE CHARTERED CREDIT UNIONS IN FLORIDA

EIN: 591690083

MADISON, FL

Total Revenue
$364,206
Total Expenses
$324,489
Total Assets
$7,283,442
Net Assets
$1,014,876
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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
1963
Legal Domicile
FL
Principal Officer
GENA SHIVER
Phone
8509733132
Tax Period
2025-01-01 to 2025-12-31

STATE CHARTERED CREDIT UNIONS IN FLORIDA, founded in 1963, is a small nonprofit that reported $364K in total revenue in fiscal year 2025. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $324K left a modest 11% surplus.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $324,489 Revenue: $364,206

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 $247,346
Investment Income $116,860
Other Revenue $0
TOTAL REVENUE $364,206

Expense Breakdown

Grants Paid $0
Salaries & Benefits $122,602
Fundraising Expenses $0
Program Expenses $324,489
Other Expenses $201,887
TOTAL EXPENSES $324,489

Year-over-Year Comparison

2025 2024 Change
Revenue $364,206 $292,162 +0.2%
Expenses $324,489 $249,055 +0.3%
Net Income $39,717 $43,107 -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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
3
Volunteers
10

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
$44,803
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gena Shiver Manager or CEO 24.00
Officer
$44,803 $0 $44,803
Sandra P Kelley Board Vice Chairperson 2.00
Director
$0 $0 $0
Catherine Honeywell Board Member 2.00
Director
$0 $0 $0
Clyde Alexander Board Member 2.00
Director
$0 $0 $0
Lucile B Day Board Secretary 2.00
Director
$0 $0 $0
Shane Roland Board Treasurer 2.00
Director
$0 $0 $0
Joseph M Akerman Board Chairperson 2.00
Director
$0 $0 $0
Joyce C Wells Board 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 $364,206 $324,489 $7,283,442 $39,717
2024 $292,162 $249,055 $6,632,906 $43,107
2023 $226,510 $216,526 $6,272,374 $9,984
2022 $195,711 $199,058 $6,653,026 $-3,347
2021 $200,585 $163,747 $6,589,378 $36,838
2020 $225,929 $197,427 $6,286,308 $28,502
2019 $233,074 $233,154 $6,164,547 $-80
2018 $219,545 $213,581 $5,500,223 $5,964
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