LIGHTHOUSE FEDERAL CREDIT UNION F/K/A NORTHEAST CREDIT UNION (EIN 020222930) - 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

1936

Legal Domicile

Principal Officer

CHRISTOPHER G PARKER

Phone

6034361847

Tax Period

2024-01-01 to 2024-08-25

LIGHTHOUSE FEDERAL CREDIT UNION F/K/A NORTHEAST CREDIT UNION, founded in 1936, is a mid-sized nonprofit that reported $78.6M in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $73.5M left a modest 6% surplus.

Mission

PROVIDE CREDIT UNION SERVICES TO ITS 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $71,801,215

Investment Income $6,808,219

Other Revenue $0

TOTAL REVENUE $78,609,434

Expense Breakdown

Grants Paid $67,480

Salaries & Benefits $29,163,984

Fundraising Expenses $0

Other Expenses $44,291,720

TOTAL EXPENSES $73,523,184

Year-over-Year Comparison

	2023	2022	Change
Revenue	$78,609,434	$105,909,094	-0.3%
Expenses	$73,523,184	$92,220,522	-0.2%
Net Income	$5,086,250	$13,688,572	-0.6%

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

528

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

$4,448,714

Total Directors

Key Employees

$2,706,500

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN GIBB	DIRECTOR	1.00	Director	$0	$0	$0
THERESA PALUMBO	SECRETARY	1.00	Officer Director	$0	$0	$0
TERRANCE BEERS	VICE CHARIMAN	1.00	Officer Director	$0	$0	$0
DAVID PACIENCIA	DIRECTOR	1.00	Director	$0	$0	$0
REGIS SAUCIER	DIRECTOR	1.00	Director	$0	$0	$0
JULIE CUTTING-KELLY	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN GAMESTER	DIRECTOR	1.00	Director	$0	$0	$0
RAYMOND BALD	CHAIRMAN	1.00	Officer Director	$0	$0	$0
VICTOR COLLININO	TREASURER	1.00	Officer Director	$0	$0	$0
CHRISTOPHER G PARKER	PRESIDENT/CEO	40.00	Officer	$926,083	$41,458	$967,541
ANDREA PRUNA	SVP CGO	40.00	Officer	$346,084	$42,235	$388,319
TRACI TENGGREN	SVP CHRO	40.00	Officer	$403,530	$33,766	$437,296
NEIL GORDON	SVP CFO	40.00	Officer	$522,581	$16,688	$539,269
KENNETH LAWRENCE	SVP CIO	40.00	Officer	$465,963	$14,034	$479,997
KELLY MCGRATH	SVP CRO	40.00	Officer	$496,533	$32,179	$528,712
LEE P SCHAFER	SVP COO/GENERAL COUNSEL	40.00	Officer	$536,936	$34,982	$571,918
SEAN MCNAIR	SVP CME	40.00	Officer	$501,572	$34,090	$535,662
RICHARD LIPARI	VP, OPERATIONS AND BUSINESS INTELLIGENCE & AU	40.00	Key Emp	$226,449	$28,170	$254,619
GINA MARIE JONES	VP PRODUCT	40.00	Key Emp	$197,160	$20,382	$217,542
CHRISTINA J ZAUDKE	VP BRANCH STRATEGY AND INNOVATION	40.00	Key Emp	$227,790	$31,061	$258,851
JOHN L GALLAGHER	VP INTERNAL AUDIT	40.00	Key Emp	$220,660	$24,141	$244,801
DOUGLAS SITES	VP CONSUMER & INDIRECT LENDING	40.00	Key Emp	$182,848	$25,496	$208,344
BONNIE J WARD ENDED 042423	VP IT	40.00	Key Emp	$226,567	$25,566	$252,133
RYAN FRANCIS GRACE	VP BRAND	40.00	Key Emp	$184,488	$11,659	$196,147
CHRISTOPHER SAUCIER	VP MORTGAGE LENDING AND PAYMENT RESOLUTION	40.00	Key Emp	$219,251	$15,449	$234,700
DANIEL RAPOSA	EXECUTIVE DIRECTOR OF FOUNDATION	40.00	Key Emp	$189,748	$9,485	$199,233
SUZANNE R LADD	VP CONSUMER DIRECT LENDING	40.00	Key Emp	$216,931	$24,518	$241,449
KATHALEEN P HALL-GRIGALUS	VP BUSINESS DEVELOPMENT	40.00	Key Emp	$189,190	$14,352	$203,542
STEPHANIE KOCH	VP RISK MANAGEMENT	40.00	Key Emp	$179,037	$16,102	$195,139
DAVID AUTHUR PERRON	AVP IT	40.00	Highest	$145,623	$18,799	$164,422
JEANNE WARD	AV PAYMENT RESOLUTION	40.00	Highest	$146,241	$19,613	$165,854
SEAN TIPTON	AVP MEMBER CARE	40.00	Highest	$146,700	$23,241	$169,941
ARTHUR WILLIAM MACGREGOR	SALES REP	40.00	Highest	$231,962	$31,400	$263,362
JACQUELYN MICHELE SNOW	AVP DATA ANALYTICS	40.00	Highest	$178,019	$14,842	$192,861

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
2024	$78,609,434	$73,523,184	No data	$5,086,250
2023	$105,909,094	$92,220,522	$1,947,452,259	$13,688,572
2022	$83,517,105	$70,656,715	$1,893,357,956	$12,860,390
2021	$75,179,197	$65,232,913	$1,982,489,459	$9,946,284
2020	$75,789,429	$70,720,540	$1,818,813,530	$5,068,889
2019	$76,338,486	$65,541,110	$1,544,752,314	$10,797,376
2018	$67,349,152	$55,962,342	$1,458,520,888	$11,386,810

LIGHTHOUSE FEDERAL CREDIT UNION F/K/A NORTHEAST CREDIT UNION