State Chartered Credit Unions In Florida
State Chartered Credit Unions In Florida shows consistent financial growth and zero reported officer compensation over a decade.
EIN: 111644012 · Orlando, FL · Updated: 2026-03-28
Is State Chartered Credit Unions In Florida Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
State Chartered Credit Unions In Florida directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About State Chartered Credit Unions In Florida
State Chartered Credit Unions In Florida (EIN: 111644012) is a nonprofit organization based in Orlando, FL. The organization reported total revenue of $273.6M and total assets of $4.7B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of State Chartered Credit Unions In Florida's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
State Chartered Credit Unions In Florida is a major nonprofit that has been operating for 54 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $214.5M |
| Total Expenses | $169.2M |
| Surplus / Deficit | +$45.3M |
| Total Assets | $4.4B |
| Total Liabilities | $4.1B |
| Net Assets | $298.0M |
| Operating Margin | 21.1% |
| Debt-to-Asset Ratio | 93.3% |
| Months of Reserves | 313.8 months |
Financial Health Grade: A
In 2023, State Chartered Credit Unions In Florida reported a surplus of $45.3M with revenue exceeding expenses, holds 313.8 months of operating reserves (strong position), has a debt-to-asset ratio of 93.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), State Chartered Credit Unions In Florida's revenue has grown at a compound annual growth rate (CAGR) of 7.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +24.4% | +24.3% | -0.8% |
| 2022 | +4.7% | +23.3% | +10.3% |
| 2021 | +8.9% | -18.3% | +17.0% |
| 2020 | +3.0% | +19.7% | +29.4% |
| 2019 | +14.8% | +16.3% | +15.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1972 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates State Chartered Credit Unions In Florida with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, State Chartered Credit Unions In Florida allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $45.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 93.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no portion of its expenses is allocated to executive salaries, which is highly unusual for an organization of this size and asset base. This suggests a unique operational model or that executive compensation is handled through a different, undisclosed mechanism, or that the organization is structured in a way that officers are not compensated directly by the nonprofit.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of State Chartered Credit Unions In Florida's IRS 990 filings:
- Unusually low (0%) reported officer compensation for an organization of this scale, which may indicate compensation is reported elsewhere or structured unconventionally.
Strengths
The following positive indicators were identified for State Chartered Credit Unions In Florida:
- Consistent and significant revenue growth, from $90.5M in 2014 to $214.5M in 2023.
- Substantial asset growth, from $1.7B in 2014 to $4.4B in 2023, indicating strong financial stability.
- Zero reported officer compensation across all filings, suggesting high efficiency in this specific area of spending.
- Positive net assets (Assets exceeding Liabilities) consistently maintained over the decade.
Frequently Asked Questions about State Chartered Credit Unions In Florida
Is State Chartered Credit Unions In Florida a legitimate charity?
Based on AI analysis of IRS 990 filings, State Chartered Credit Unions In Florida (EIN: 111644012) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does State Chartered Credit Unions In Florida spend its money?
State Chartered Credit Unions In Florida directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to State Chartered Credit Unions In Florida tax-deductible?
State Chartered Credit Unions In Florida is registered as a tax-exempt nonprofit (EIN: 111644012). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does State Chartered Credit Unions In Florida manage its executive compensation given the 0% reported?
The provided data consistently shows 0% officer compensation, which is highly unusual for an organization of this scale. This suggests that executive compensation may be handled through an affiliated entity, paid by member credit unions, or that the organization operates with entirely volunteer leadership at the officer level. Further investigation into their operational structure and full IRS Form 990 filings would be needed to understand this.
What are the primary sources of the organization's substantial revenue growth?
The organization's revenue has grown significantly from $90.5 million in 2014 to $214.5 million in 2023. Given its name, it is likely that revenue is derived from fees, assessments, or services provided to its member state-chartered credit unions in Florida, rather than traditional charitable donations.
What specific programs or services does this organization provide to its members?
While the data indicates strong financial performance, the summary does not detail the specific programs or services offered. As a representative body for credit unions, it likely provides advocacy, regulatory support, educational resources, and other services to foster the health and growth of its member institutions.
Filing History
IRS 990 filing history for State Chartered Credit Unions In Florida showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), State Chartered Credit Unions In Florida's revenue has grown by 135.8%, moving from $91.0M to $214.5M. Total assets increased by 179.8% over the same period, from $1.6B to $4.4B. Total functional expenses rose by 98.8%, from $85.1M to $169.2M. In its most recent filing year (2023), State Chartered Credit Unions In Florida reported a surplus of $45.3M, with revenue exceeding expenses. The organization holds $4.1B in liabilities against $4.4B in assets (debt-to-asset ratio: 93.3%), resulting in net assets of $298.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $214.5M | $169.2M | $4.4B | $4.1B | — | — |
| 2022 | $172.4M | $136.1M | $4.5B | $4.2B | — | View 990 |
| 2021 | $164.6M | $110.4M | $4.0B | $3.7B | — | View 990 |
| 2020 | $151.1M | $135.1M | $3.5B | $3.1B | — | View 990 |
| 2019 | $146.7M | $112.8M | $2.7B | $2.4B | — | — |
| 2018 | $127.8M | $97.1M | $2.3B | $2.1B | — | View 990 |
| 2017 | $113.7M | $91.0M | $2.2B | $1.9B | — | View 990 |
| 2016 | $107.2M | $88.0M | $2.1B | $1.9B | — | View 990 |
| 2015 | $95.3M | $79.5M | $1.9B | $1.7B | — | View 990 |
| 2014 | $90.6M | $75.8M | $1.8B | $1.6B | — | View 990 |
| 2013 | $86.0M | $73.8M | $1.7B | $1.6B | — | View 990 |
| 2012 | $87.0M | $78.2M | $1.7B | $1.5B | — | View 990 |
| 2011 | $91.0M | $85.1M | $1.6B | $1.4B | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $214.5M, expenses of $169.2M, and assets of $4.4B (revenue +24.4% year-over-year).
- 2022: Revenue of $172.4M, expenses of $136.1M, and assets of $4.5B (revenue +4.7% year-over-year).
- 2021: Revenue of $164.6M, expenses of $110.4M, and assets of $4.0B (revenue +8.9% year-over-year).
- 2020: Revenue of $151.1M, expenses of $135.1M, and assets of $3.5B (revenue +3.0% year-over-year).
- 2019: Revenue of $146.7M, expenses of $112.8M, and assets of $2.7B (revenue +14.8% year-over-year).
- 2018: Revenue of $127.8M, expenses of $97.1M, and assets of $2.3B (revenue +12.4% year-over-year).
- 2017: Revenue of $113.7M, expenses of $91.0M, and assets of $2.2B (revenue +6.0% year-over-year).
- 2016: Revenue of $107.2M, expenses of $88.0M, and assets of $2.1B (revenue +12.5% year-over-year).
- 2015: Revenue of $95.3M, expenses of $79.5M, and assets of $1.9B (revenue +5.2% year-over-year).
- 2014: Revenue of $90.6M, expenses of $75.8M, and assets of $1.8B (revenue +5.3% year-over-year).
- 2013: Revenue of $86.0M, expenses of $73.8M, and assets of $1.7B (revenue -1.2% year-over-year).
- 2012: Revenue of $87.0M, expenses of $78.2M, and assets of $1.7B (revenue -4.4% year-over-year).
- 2011: Revenue of $91.0M, expenses of $85.1M, and assets of $1.6B.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for State Chartered Credit Unions In Florida:
Data Sources and Methodology
This transparency report for State Chartered Credit Unions In Florida is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.