State Chartered Credit Unions In Florida
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 29,625,913 | 28,300,926 | 1,324,987 | 23.0 | 33% |
| 2021 | 31,011,229 | 24,475,223 | 6,536,006 | 30.9 | 39% |
| 2022 | 37,021,233 | 30,244,931 | 6,776,302 | 24.2 | 34% |
| 2023 | 47,253,853 | 39,969,439 | 7,284,414 | 19.9 | 28% |
In its most recent public year (2023), this organization brought in $7,284,414 more than it spent. Its reserves stood at about 19.9 months of spending, down from 23 in 2020. Staff pay was 28% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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