ITALIAN NATURALIZATION CLUB-TAUNTON

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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

1924

Legal Domicile

Principal Officer

PAUL BEDARD

Phone

5088249066

Tax Period

2024-03-01 to 2025-02-28

ITALIAN NATURALIZATION CLUB-TAUNTON, founded in 1924, is a small nonprofit that reported $180K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $229K exceeded revenue, resulting in a 28% operating deficit.

Mission

FELLOWSHIP AND RECREATION

Program Service Accomplishments

Program 1

OPERATES UNDER THE CLUB CONCEPT FOR THE PLEASURE RECREATION, AND OTHER NONPROFITABLE PURPOSES, SUBSTANTIALLY ALL OF THE ACTIVITIES OF WHICH ARE FOR SUCH PURPOSES AND NO PART OF THE NET EARNINGS...

OPERATES UNDER THE CLUB CONCEPT FOR THE PLEASURE RECREATION, AND OTHER NONPROFITABLE PURPOSES, SUBSTANTIALLY ALL OF THE ACTIVITIES OF WHICH ARE FOR SUCH PURPOSES AND NO PART OF THE NET EARNINGS BENEFIT ANY PRIVATE SHAREHOLDER.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $154

Other Revenue $179,583

TOTAL REVENUE $179,737

Expense Breakdown

Grants Paid $0

Salaries & Benefits $119,119

Fundraising Expenses $0

Other Expenses $110,235

TOTAL EXPENSES $229,354

Year-over-Year Comparison

	2024	2023	Change
Revenue	$179,737	$234,266	-0.2%
Expenses	$229,354	$212,576	+0.1%
Net Income	$-49,617	$21,690	-3.3%

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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BRIGGS	PRESIDENT	15.00	Officer	$0	$0	$0
ED REED	SECRETARY	15.00	Director	$0	$0	$0
PAUL BEDARD	TREASURER	15.00	Officer	$0	$0	$0
TOM MCLAUGHLIN	VICE PRESIDENT	5.00	Officer	$0	$0	$0
SCOTT EMOND	DIRECTOR	5.00	Director	$0	$0	$0
DAVID JOHNSON	DIRECTOR	5.00	Director	$0	$0	$0
GEORGE ANDREWS	DIRECTOR	5.00	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
2025	$179,737	$229,354	$357,682	$-49,617
2024	$234,266	$212,576	$417,252	$21,690
2023	$276,214	$250,115	$410,660	$26,099
2022	$238,436	$225,739	$383,275	$12,697
2021	$129,984	$133,705	$394,118	$-3,721