CENTRO-LUSO AMERICAN CLUB INC

EIN: 042349445

NEW BEDFORD, MA

Total Revenue
$118,681
Total Expenses
$90,945
Total Assets
$161,547
Net Assets
$161,108
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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
1948
Legal Domicile
MA
Principal Officer
BRENDA SANTOS
Phone
5089901694
Tax Period
2023-01-01 to 2023-12-31

CENTRO-LUSO AMERICAN CLUB INC, founded in 1948, is a small nonprofit that reported $119K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $28K, a strong 23% operating margin.

Mission

TO PROMOTE SOCIAL AND CULTURAL EVENTS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,115
Investment Income $165
Other Revenue $115,401
TOTAL REVENUE $118,681

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,740
Fundraising Expenses $0
Program Expenses $42,016
Other Expenses $82,205
TOTAL EXPENSES $90,945

Year-over-Year Comparison

2023 2022 Change
Revenue $118,681 $91,050 +0.3%
Expenses $90,945 $113,445 -0.2%
Net Income $27,736 $-22,395 -2.2%
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

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Governance

Voting Members
6
Independent Members
653
Employees
N/A
Volunteers
N/A

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWARD ROY PRESIDENT 5.00
Officer
$0 $0 $0
BRENDA SANTOS TREASURER 20.00
Officer
$0 $0 $0
KELLY LIMA CLERK/SECRETARY 5.00
Officer
$0 $0 $0
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 No data No data No data No data
2023 $118,681 $90,945 $161,547 $27,736
2022 $91,050 $113,445 $133,495 $-22,395
2021 $59,221 $107,737 $157,259 $-48,516
2020 $4,660 $53,206 $193,497 $-48,546
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