Civic Intelligence

State Chartered Credit Unions in Fl

EIN 59-0965738 • 501(c)14 • Sarasota, FL

Profile

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

1558 1st StSarasota, FL 34236-8502

www.smecu.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

43rd percentile

0.86x

Higher debt load relative to assets than 43% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

68th percentile

18.17x

Higher debt load relative to revenue than 68% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2024

Net Margin

71st percentile

18%

Higher net margin than 71% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

24th percentile

$86,314

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 5.6% of source-year revenue.

501(c)14 • $25M-$50M nonprofits • Source year 2024

Asset Growth

18th percentile

-4.0%

Faster asset growth than 18% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

23rd percentile

1.0%

Faster revenue growth than 23% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Down

$32,462,356

Down $1,357,972 (-4.0%) from 2023

Liabilities

Down

$27,908,239

Down $1,629,443 (-5.5%) from 2023

Net Assets

Up

$4,554,117

Up $271,471 (+6.3%) from 2023

Revenue

Up

$1,535,871

Up $15,089 (+1.0%) from 2023

Expenses

Up

$1,264,400

Up $125,343 (+11%) from 2023

Net Income

Down

$271,471

Down $110,254 (-29%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2011: $23,104,362Liabilities 2011: $20,438,172Net Assets 2011: $2,666,1902011Assets 2012: $25,160,436Liabilities 2012: $22,340,222Net Assets 2012: $2,820,2142012Assets 2013: $26,041,857Liabilities 2013: $23,145,118Net Assets 2013: $2,896,7392013Assets 2014: $26,786,131Liabilities 2014: $23,735,332Net Assets 2014: $3,050,7992014Assets 2015: $28,212,727Liabilities 2015: $25,011,069Net Assets 2015: $3,201,6582015Assets 2016: $29,936,831Liabilities 2016: $26,609,456Net Assets 2016: $3,327,3752016Assets 2017: $30,826,655Liabilities 2017: $27,331,681Net Assets 2017: $3,494,9742017Assets 2018: $29,445,560Liabilities 2018: $25,785,206Net Assets 2018: $3,660,3542018Assets 2019: $31,224,237Liabilities 2019: $27,479,191Net Assets 2019: $3,745,0462019Assets 2020: $35,721,958Liabilities 2020: $32,020,206Net Assets 2020: $3,701,7522020Assets 2021: $39,446,205Liabilities 2021: $35,739,290Net Assets 2021: $3,706,9152021Assets 2022: $38,204,185Liabilities 2022: $34,244,120Net Assets 2022: $3,960,0652022Assets 2023: $33,820,328Liabilities 2023: $29,537,682Net Assets 2023: $4,282,6462023Assets 2024: $32,462,356Liabilities 2024: $27,908,239Net Assets 2024: $4,554,1172024

Highlighted filing

2024

Assets$32,462,356
Liabilities$27,908,239
Net Assets$4,554,117

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2011: $1,181,6692011Revenue 2012: $1,222,829Expenses 2012: $1,068,805Net Income 2012: $154,0242012Revenue 2013: $1,189,588Expenses 2013: $1,113,063Net Income 2013: $76,5252013Revenue 2014: $1,215,030Expenses 2014: $1,060,970Net Income 2014: $154,0602014Revenue 2015: $1,238,891Expenses 2015: $1,088,032Net Income 2015: $150,8592015Revenue 2016: $1,264,425Expenses 2016: $1,138,708Net Income 2016: $125,7172016Revenue 2017: $1,293,574Expenses 2017: $1,125,975Net Income 2017: $167,5992017Revenue 2018: $1,403,457Expenses 2018: $1,238,077Net Income 2018: $165,3802018Revenue 2019: $1,470,974Expenses 2019: $1,386,282Net Income 2019: $84,6922019Revenue 2020: $1,358,075Expenses 2020: $1,401,369Net Income 2020: -$43,2942020Revenue 2021: $1,236,235Expenses 2021: $1,231,072Net Income 2021: $5,1632021Revenue 2022: $1,367,644Expenses 2022: $1,173,638Net Income 2022: $194,0062022Revenue 2023: $1,520,782Expenses 2023: $1,139,057Net Income 2023: $381,7252023Revenue 2024: $1,535,871Expenses 2024: $1,264,400Net Income 2024: $271,4712024

Highlighted filing

2024

Revenue$1,535,871
Expenses$1,264,400
Net Income$271,471

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.5$27.9$4.55$1.54$1.26$0.27
2023Summary only. Only limited summary data is available for this year.$33.8$29.5$4.28$1.52$1.14$0.38
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$38.2$34.2$3.96$1.37$1.17$0.19
2021Summary only. Only limited summary data is available for this year.$39.4$35.7$3.71$1.24$1.23$0.01
2020Summary only. Only limited summary data is available for this year.$35.7$32.0$3.70$1.36$1.40$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.2$27.5$3.75$1.47$1.39$0.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.4$25.8$3.66$1.40$1.24$0.17
2017Summary only. Only limited summary data is available for this year.$30.8$27.3$3.49$1.29$1.13$0.17
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.9$26.6$3.33$1.26$1.14$0.13
2015Detailed filing. Detailed filing data is available for this year.$28.2$25.0$3.20$1.24$1.09$0.15
2014Detailed filing. Detailed filing data is available for this year.$26.8$23.7$3.05$1.22$1.06$0.15
2013Detailed filing. Detailed filing data is available for this year.$26.0$23.1$2.90$1.19$1.11$0.08
2012Summary only. Only limited summary data is available for this year.$25.2$22.3$2.82$1.22$1.07$0.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.1$20.4$2.67$1.18
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 29, 2025
Return Version
2024v5.1
Gross Receipts
$1,535,871
Mission and Program Overview

Mission

Programs of credit unions offering a variety of personal financial services exclusively to the members featuring competitive rates on loans & investments, and other products and services.

1st street credit union offers a varietyof financial services exclusively to members. These include competitive rates on loans and deposits in addition to many other products and services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$18,128,088$17,814,491▼ $313,597
Other Notes and Loans Receivable, Net$13,498,321$12,588,445▼ $909,876
Rtn Earn Endowment Incm Other Fnds$4,282,646$4,554,117▲ $271,471
Investments Program Related$696,716$656,242▼ $40,474
Investments in Publicly Traded Securities$490,000$490,000→ $0
Land, Buildings, and Equipment, Net$497,440$441,987▼ $55,453
Cash and Non-Interest-Bearing Accounts$372,032$348,153▼ $23,879
Accounts Receivable$64,254$64,581▲ $327
Prepaid Expenses and Deferred Charges$36,983$49,472▲ $12,489
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$33,820,328$32,462,356▼ $1,357,972
Other Assets Total$36,494$8,985▼ $27,509
Liabilities
Other Liabilities$29,170,516$27,534,734▼ $1,635,782
Accounts Payable and Accrued Expenses$367,166$373,505▲ $6,339
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$29,537,682$27,908,239▼ $1,629,443
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,282,646$4,554,117▲ $271,471
Total Liabilities and Net Assets / Fund Balance$33,820,328$32,462,356▼ $1,357,972

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$102,166$341,443-
Other Land Buildings$2,187$220,437-
Land$184,918--
Equipment$150,956$268,008-
Leasehold Improvements$1,760$91,474-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dawn GonzalezCEOFT$86,314$86,314

Board Members and Trustees

NameTitle
Randy BoydBoard Chairperson Board Member
April BryanBoard Member
Donita SumneyBoard Secretary
Norman StocktonBoardTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,048,457
Investment Income
$487,414
Other Revenue
$0
All Other Contributions
$0
Change in Net Assets
$271,471
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$818,768
Salaries, Compensation, and Employee Benefits$445,632
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$274,709$0$0$274,709
Office Expenses$214,009$0$0$214,009
Interest$182,725$0$0$182,725
Fees for Services Accounting$125,632$0$0$125,632
Current Officers, Directors, Trustees, and Key Employees$86,314$0$0$86,314
Other Employee Benefits$65,906$0$0$65,906
Fees for Services Other$64,811$0$0$64,811
Depreciation Depletion$61,123$0$0$61,123
Occupancy$41,556$0$0$41,556
Insurance$34,190$0$0$34,190
Fees for Services Legal$21,838$0$0$21,838
Advertising$18,366$0$0$18,366
Pension Plan Contributions$18,223$0$0$18,223
All Other Expenses$10,552$0$0$10,552
Travel$8,262$0$0$8,262
Conferences and Meetings$2,300$0$0$2,300
Information Technology$1,365$0$0$1,365
Payroll Taxes$480$0$0$480
Total Functional Expenses$1,264,400$0$0$1,264,400
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Deposits$27,534,734
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Line 6

State chartered credit unions in florida

Part VI, Line 12C

Members with possible conflicts are excused from discussions & voting

Part VI, Line 15

Credit union industry salary surveys are used as a guide by the board to set salaries

Filing and Contact Details

Filer

Filer Name
State Chartered Credit Unions in Florida
EIN
59-0965738
In Care Of
% DAWN GONZALEZ
Phone
9419536744
Address
1558 1ST ST, SARASOTA, FL 34236-8502
Doing Business As
1st Street Credit Union

Signing Officer

Name
Dawn Gonzalez
Title
CEO
Signed
2025-04-29
Discuss with paid preparer
No

Organization Details

Formed
1951
Legal Domicile
Fl
Voting Board Members
4
Independent Board Members
4
Employees
10
Volunteers
8

Preparer

Firm
Ewart & Associates LLC
Address
5881 NW 151ST STREET SUITE 115, Miami Lakes, FL 33014
Preparer
Richard Ewart
Raw XML AppendixShowing 400 of 587 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProgramServiceRevenueGrp/Desc0Loan Income
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