SONS OF ITALY IN AMERICA 648 DANTE ALIGHERI (EIN 042884648) - 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

1956

Legal Domicile

Principal Officer

THOMAS J MAGNO JR

Phone

3392221722

Tax Period

2023-10-01 to 2024-09-30

SONS OF ITALY IN AMERICA 648 DANTE ALIGHERI, founded in 1956, is a small nonprofit that reported $104K in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $19K, a strong 18% operating margin.

Mission

PROMOTE THE ITALLIAN-AMERICAN HERITAGE IN THE US.

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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 $9,385

Investment Income $4,415

Other Revenue $90,174

TOTAL REVENUE $103,974

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $85,401

Other Expenses $81,891

TOTAL EXPENSES $85,401

Year-over-Year Comparison

	2023	2022	Change
Revenue	$103,974	$142,729	-0.3%
Expenses	$85,401	$100,593	-0.2%
Net Income	$18,573	$42,136	-0.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS J MAGNO JR	PRESIDENT	5.00	Officer Director	$0	$0	$0
KEVIN P REYNOLDS	TREASURER	5.00	Officer Director	$0	$0	$0
PETER PIANTEDOSI	ORATOR	5.00	Officer Director	$0	$0	$0
GARY PARRELA	CLERK	5.00	Officer Director	$0	$0	$0
DAVID H MARCOU JR	IMMEDIATE PAST PRESIDENT	5.00	Officer Director	$0	$0	$0
BERNARD MCDONALD	FINANCIAL SECRETARY	5.00	Officer Director	$0	$0	$0
DONALD AUCOIN	VP	5.00	Officer Director	$0	$0	$0
ANTHONY CREONTE	DIRECTOR	5.00	Director	$0	$0	$0
LOU WHITTEMORE	DIRECTOR	5.00	Director	$0	$0	$0
PAUL O'HALLORAN	DIRECTOR	5.00	Director	$0	$0	$0
SEAN KILEY	DIRECTOR	5.00	Director	$0	$0	$0
ANTHONY LUPO	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	No data	No data	No data	No data
2024	$103,974	$85,401	$479,996	$18,573
2023	$142,729	$100,593	$461,423	$42,136

SONS OF ITALY IN AMERICA 648 DANTE ALIGHERI