State Chartered Credit Unions In Florida
EIN: 590306510 · Jacksonville, FL
| Metric | Value |
|---|---|
| Total Revenue | $937K |
| Total Expenses | $984K |
| Net Assets | $8.4M |
Is State Chartered Credit Unions In Florida Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About State Chartered Credit Unions In Florida
State Chartered Credit Unions In Florida (EIN: 590306510) is a nonprofit organization based in Jacksonville, FL. The organization reported total revenue of $937K and total assets of $45.1M 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 small nonprofit that has been operating for 56 years, with 11 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of -7.1%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $937K |
| Total Expenses | $984K |
| Surplus / Deficit | $-47,713 |
| Total Assets | $45.1M |
| Total Liabilities | $36.7M |
| Net Assets | $8.4M |
| Operating Margin | -5.1% |
| Debt-to-Asset Ratio | 81.4% |
| Months of Reserves | 549.9 months |
Financial Health Grade: C
In 2021, State Chartered Credit Unions In Florida reported a deficit of $48K with expenses exceeding revenue, holds 549.9 months of operating reserves (strong position), has a debt-to-asset ratio of 81.4% (high leverage).
Financial Trends
Over 11 years of filings (2011–2021), State Chartered Credit Unions In Florida's revenue has declined at a compound annual growth rate (CAGR) of -7.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -21.4% | -13.7% | +4.5% |
| 2020 | -15.5% | -15.3% | +7.6% |
| 2019 | -2.4% | +4.5% | -0.8% |
| 2018 | +7.5% | +5.7% | -6.6% |
| 2017 | +1.2% | -6.6% | -2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1970 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for State Chartered Credit Unions In Florida has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates State Chartered Credit Unions In Florida with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $48K, with expenses exceeding revenue.
- Debt-to-asset ratio: 81.4%.
Frequently Asked Questions about State Chartered Credit Unions In Florida
Is State Chartered Credit Unions In Florida a legitimate charity?
State Chartered Credit Unions In Florida (EIN: 590306510) is a registered tax-exempt nonprofit based in Florida. It has 11 years of IRS 990 filings on record. Total revenue: $937K. No red flags identified. Financial health grade: C.
How does State Chartered Credit Unions In Florida spend its money?
State Chartered Credit Unions In Florida reported $937K in total revenue in IRS 990 filings. 11 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
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: 590306510). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is State Chartered Credit Unions In Florida located?
State Chartered Credit Unions In Florida is headquartered in Jacksonville, Florida and files with the IRS under EIN 590306510.
How many years of IRS 990 filings does State Chartered Credit Unions In Florida have?
State Chartered Credit Unions In Florida has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $937K in total revenue.
Filing History
IRS 990 filing history for State Chartered Credit Unions In Florida showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), State Chartered Credit Unions In Florida's revenue has declined by 52%, moving from $2.0M to $937K. Total assets increased by 1.8% over the same period, from $44.3M to $45.1M. Total functional expenses fell by 48.1%, from $1.9M to $984K. In its most recent filing year (2021), State Chartered Credit Unions In Florida reported a deficit of $48K, with expenses exceeding revenue. The organization holds $36.7M in liabilities against $45.1M in assets (debt-to-asset ratio: 81.4%), resulting in net assets of $8.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $937K | $984K | $45.1M | $36.7M | — | — |
| 2020 | $1.2M | $1.1M | $43.1M | $34.4M | — | — |
| 2019 | $1.4M | $1.3M | $40.1M | $31.4M | — | View 990 |
| 2018 | $1.4M | $1.3M | $40.4M | $32.0M | — | View 990 |
| 2017 | $1.3M | $1.2M | $43.3M | $35.0M | — | View 990 |
| 2016 | $1.3M | $1.3M | $44.5M | $36.3M | — | View 990 |
| 2015 | $1.4M | $1.3M | $43.1M | $34.9M | — | View 990 |
| 2014 | $1.5M | $1.4M | $43.9M | $35.8M | — | View 990 |
| 2013 | $1.6M | $1.5M | $42.8M | $34.7M | — | View 990 |
| 2012 | $1.8M | $1.7M | $44.8M | $36.4M | — | View 990 |
| 2011 | $2.0M | $1.9M | $44.3M | $35.8M | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $937K, expenses of $984K, and assets of $45.1M (revenue -21.4% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.1M, and assets of $43.1M (revenue -15.5% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.3M, and assets of $40.1M (revenue -2.4% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.3M, and assets of $40.4M (revenue +7.5% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.2M, and assets of $43.3M (revenue +1.2% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.3M, and assets of $44.5M (revenue -3.9% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.3M, and assets of $43.1M (revenue -4.9% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.4M, and assets of $43.9M (revenue -10.3% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.5M, and assets of $42.8M (revenue -10.3% year-over-year).
- 2012: Revenue of $1.8M, expenses of $1.7M, and assets of $44.8M (revenue -7.5% year-over-year).
- 2011: Revenue of $2.0M, expenses of $1.9M, and assets of $44.3M.
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.