ITALIAN-AMERICAN WAR VETS OF THE US INC

EIN: 046151661

BEVERLY, MA

Total Revenue
$32,847
Total Expenses
$162,579
Total Assets
$2,019,232
Net Assets
$1,858,803
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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
MA
Phone
9789229792
Tax Period
2024-01-01 to 2024-12-31

ITALIAN-AMERICAN WAR VETS OF THE US INC, founded in 1956, is a micro nonprofit that reported $33K in total revenue in fiscal year 2024. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $163K exceeded revenue, resulting in a 395% operating deficit.

Mission

VETERANS SOCIAL CLUB AND VETERANS AID

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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 $1,948
Program Service Revenue $0
Investment Income $21
Other Revenue $30,878
TOTAL REVENUE $32,847

Expense Breakdown

Grants Paid $725
Salaries & Benefits $37,026
Fundraising Expenses $0
Other Expenses $124,828
TOTAL EXPENSES $162,579

Year-over-Year Comparison

2024 2023 Change
Revenue $32,847 $2,098,112 -1.0%
Expenses $162,579 $123,251 +0.3%
Net Income $-129,732 $1,974,861 -1.1%
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
9
Independent Members
9
Employees
9
Volunteers
19

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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOM ROCCIO PRESIDENT 10.00
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 $32,847 $162,579 $2,019,232 $-129,732
2023 $2,098,112 $123,251 $2,150,032 $1,974,861
2022 $137,044 $159,578 $239,752 $-22,534
2021 $182,648 $188,331 $195,679 $-5,683
2020 $49,052 $167,959 $196,819 $-118,907
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