ITALIAN COMMUNITY CENTER INC

EIN: 042004054

BEVERLY, MA

Total Revenue
$159,973
Total Expenses
$231,782
Total Assets
$784,793
Net Assets
$459,295
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1937
Legal Domicile
MA
Principal Officer
THOMAS SANTAMARIA
Phone
9789229833
Tax Period
2020-01-01 to 2020-12-31

ITALIAN COMMUNITY CENTER INC, founded in 1937, is a small nonprofit that reported $160K in total revenue in fiscal year 2020. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $232K exceeded revenue, resulting in a 45% operating deficit.

Mission

FACILITATION OF COMMUNITY SOCIAL INTERACTIONS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $9,927
Program Service Revenue $0
Investment Income $2,288
Other Revenue $147,758
TOTAL REVENUE $159,973

Expense Breakdown

Grants Paid $3,100
Salaries & Benefits $39,141
Fundraising Expenses $0
Other Expenses $182,882
TOTAL EXPENSES $231,782

Year-over-Year Comparison

2020 2019 Change
Revenue $159,973 $522,734 -0.7%
Expenses $231,782 $505,969 -0.5%
Net Income $-71,809 $16,765 -5.3%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
9
Independent Members
9
Employees
11
Volunteers
20

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
7
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS SANTAMARIA PRESIDENT 7.00
Officer
$0 $0 $0
JOAN CUHNA TREASURER 7.00
Officer
$0 $0 $0
CHRISTOPHER NEGROTTI SECRETARY 7.00
Officer
$0 $0 $0
GUILLO BUCCELLA VICE PRESIDENT 5.00
Officer
$0 $0 $0
CHRIS REGO AT LARGE 5.00
Officer
$0 $0 $0
GUY CALABRO AT LARGE 5.00
Officer
$0 $0 $0
AUGIE SABIA AT LARGE 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
2020 $159,973 $231,782 $784,793 $-71,809
Explore More Nonprofits
→Top 100 Nonprofits in Massachusetts →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare ITALIAN COMMUNITY CENTER INC with other nonprofits in Massachusetts and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.