LUSO-AMERICAN CREDIT UNION

EIN: 046066641

Peabody, MA

Total Revenue
$6,037,220
Total Expenses
$4,866,802
Total Assets
$124,098,435
Net Assets
$18,672,736
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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
1960
Legal Domicile
MA
Principal Officer
Deborah Luciano
Phone
9785315767
Tax Period
2024-01-01 to 2024-12-31

LUSO-AMERICAN CREDIT UNION, founded in 1960, is a community nonprofit that reported $6.0M in total revenue in fiscal year 2024. The organization ran a surplus of $1.2M, a strong 19% operating margin.

Mission

Our mission is to provide our members high quality personalized services and competitive rates.

Program Service Accomplishments

Program 1

The Credit Union offers lower rates, higher savings rates and free or low cost services to our 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $1,775,766
Other Revenue $4,261,454
TOTAL REVENUE $6,037,220

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,444,869
Fundraising Expenses $0
Program Expenses $0
Other Expenses $3,421,933
TOTAL EXPENSES $4,866,802

Year-over-Year Comparison

2024 2023 Change
Revenue $6,037,220 $5,606,467 +0.1%
Expenses $4,866,802 $3,997,987 +0.2%
Net Income $1,170,418 $1,608,480 -0.3%
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
15
Independent Members
N/A
Employees
22
Volunteers
15

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
6
$169,989
Total Directors
15
$0
Key Employees
1
$169,989
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Deborah A Luciano Assistant Treasurer/ Manager 40
Officer Key Emp Highest
$137,645 $32,344 $169,989
Alfonso Barcamonte 1st Vice Chairman 1
Officer Director
$0 $0 $0
Gaspar Simoes Treasurer 1
Officer Director
$0 $0 $0
Lisa Vasconcelos Director 1
Director
$0 $0 $0
Carlos Pinto Clerk 1
Officer Director
$0 $0 $0
Sergio M Costa President 1.00
Officer Director
$0 $0 $0
Jose C Silva Director 1.00
Director
$0 $0 $0
Luciano Dinis Director 1.00
Director
$0 $0 $0
Philip Ortins Director 1.00
Director
$0 $0 $0
Rosa Romano Director 1.00
Director
$0 $0 $0
Antonio Coimbra Director 1
Director
$0 $0 $0
Elsa Vieira Director 1.0
Director
$0 $0 $0
Faustino Melo Director 1
Director
$0 $0 $0
Fernando Homem 2nd Vice President 1.00
Officer Director
$0 $0 $0
Joaquim Cunha Director 1.00
Director
$0 $0 $0
Jose Rosario Director 1.00
Director
$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 $6,037,220 $4,866,802 $124,098,435 $1,170,418
2023 $5,606,467 $3,997,987 $121,868,639 $1,608,480
2022 $4,209,549 $3,613,154 $127,004,099 $596,395
2021 $4,042,575 $3,490,386 $127,835,727 $552,189
2020 $3,741,914 $3,197,443 $109,683,845 $544,471
2019 $3,965,188 $3,217,335 $94,533,360 $747,853
2018 $3,717,247 $3,073,589 $94,536,034 $643,658
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