STATE CHARTERED CREDIT UNIONS IN FLORIDA (EIN 596139444) - 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

1962

Legal Domicile

Principal Officer

SCOTT MEYER

Phone

9547302047

Tax Period

2025-01-01 to 2025-12-31

STATE CHARTERED CREDIT UNIONS IN FLORIDA, founded in 1962, is a community nonprofit that reported $6.2M in total revenue in fiscal year 2025. Expenses of $5.3M left a modest 15% surplus.

Mission

CREDIT UNION PROVIDING COMPETITIVE RATES ON LOANS AND INVESTMENTS TO 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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $307,000

Program Service Revenue $5,187,345

Investment Income $720,229

Other Revenue $0

TOTAL REVENUE $6,214,574

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,187,365

Fundraising Expenses $0

Program Expenses $5,342,774

Other Expenses $3,117,246

TOTAL EXPENSES $5,304,611

Year-over-Year Comparison

	2025	2024	Change
Revenue	$6,214,574	$6,004,983	+0.0%
Expenses	$5,304,611	$5,001,234	+0.1%
Net Income	$909,963	$1,003,749	-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

Governance

Voting Members

Independent Members

Employees

N/A

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

$934,982

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT MEYER	CEO	40.00	Officer	$329,183	$36,334	$365,517
HOWARD WEBB	BOARD CHAIRPERSON	2.00	Director	$0	$0	$0
DAWN RADUANO	BOARD TREASURER	2.00	Director	$0	$0	$0
BARBARA KELLEHER	BOARD SECRETARY	2.00	Director	$0	$0	$0
RAFAEL GARCIA	BOARD VICE CHAIRPERSON BOARD MEMBER	2.00	Director	$0	$0	$0
CLEO MARSH	BOARD MEMBER	2.00	Director	$0	$0	$0
PAUL LAMPLEY	BOARD MEMBER	2.00	Director	$0	$0	$0
MARIA CONNOLLY	BOARD MEMBER	2.00	Director	$0	$0	$0
ERIN HALL	BOARD MEMBER	2.00	Director	$0	$0	$0
BIBI PARMAR	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRISTOPHER PENNA	VP LENDING	40.00	Officer	$119,541	$16,877	$136,418
COLLIN LINDSAY	CFO	40.00	Officer	$172,024	$22,557	$194,581
CYNTHIA RYAN	EVP	40.00	Officer	$214,686	$23,780	$238,466

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	$6,214,574	$5,304,611	$101,920,264	$909,963
2024	$6,004,983	$5,001,234	$97,943,945	$1,003,749
2023	$5,485,740	$4,797,381	$95,833,884	$688,359
2022	$3,899,263	$3,429,478	$98,275,599	$469,785
2021	$3,880,985	$3,232,531	$96,666,256	$648,454
2020	$3,836,597	$3,508,969	$90,199,063	$327,628
2019	$3,951,689	$3,619,546	$78,209,506	$332,143
2018	$3,854,705	$3,552,587	$76,389,696	$302,118

STATE CHARTERED CREDIT UNIONS IN FLORIDA