SONS OF ITALY IN AMERICA 278 GIUSEPPE VERDI (EIN 042081227) - 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

1930

Legal Domicile

Principal Officer

JIM ANDERTON

Phone

7813359820

Tax Period

2023-01-01 to 2023-12-31

SONS OF ITALY IN AMERICA 278 GIUSEPPE VERDI, founded in 1930, is a small nonprofit that reported $210K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $238K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE ORGANIZATION SERVES THE COMMUNITY IN MANY WAYS. THE PRIMARY USE IS THE FREE RENTAL OF THE MEETING HALL FOR LOCAL EVENTS INCLUDING HOLIDAY PARTIES FOR THE ELDERLY AND LOCAL SCHOOLS. THE HALL IS ALSO AVAILABLE FOR FAMILIES FOR GATHERINGS AFTER FUNERAL SERVICES, WHICH IS ALSO FREE OF CHARGE.

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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 $211,180

Investment Income $-1,451

Other Revenue $0

TOTAL REVENUE $209,729

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $190,040

Other Expenses $232,139

TOTAL EXPENSES $238,331

Year-over-Year Comparison

	2023	2022	Change
Revenue	$209,729	$164,731	+0.3%
Expenses	$238,331	$199,424	+0.2%
Net Income	$-28,602	$-34,693	-0.2%

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

Governance

Voting Members

Independent Members

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

$16,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN AFFSA	PRESIDENT	0.00	Officer	$0	$0	$0
JIM ANDERTON	TREASURER	0.10	Officer	$8,400	$0	$8,400
STEVEN BERARDI	SECRETARY	0.00	Officer	$0	$0	$0
ANTHONY CAVALLO	DIRECTOR	0.00	Officer	$0	$0	$0
RICHARD DIBONA	DIRECTOR	0.00	Officer	$0	$0	$0
JOHN F BAGEN	DIRECTOR	0.10	Officer	$7,800	$0	$7,800

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	$209,729	$238,331	$259,028	$-28,602
2022	$164,731	$199,424	$287,630	$-34,693
2018	$141,603	$181,957	$349,679	$-40,354

SONS OF ITALY IN AMERICA 278 GIUSEPPE VERDI