ITALIAN-AMERICAN WAR VETS OF THE US INC

EIN: 046151661

BEVERLY, MA

Total Revenue
$65,979
Total Expenses
$84,679
Total Assets
$1,994,954
Net Assets
$1,840,103
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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
2025-01-01 to 2025-12-31

ITALIAN-AMERICAN WAR VETS OF THE US INC, founded in 1956, is a micro nonprofit that reported $66K in total revenue in fiscal year 2025. Revenue surged 101% from the prior year, signaling strong growth momentum. Expenses of $85K exceeded revenue, resulting in a 28% operating deficit.

Mission

VETERANS AID

Program Service Accomplishments

Program 1

AID & SUPPORT PROVIDED TO WAR VETERANS

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $51,418
Other Revenue $14,561
TOTAL REVENUE $65,979

Expense Breakdown

Grants Paid $600
Salaries & Benefits $3,237
Fundraising Expenses $0
Other Expenses $80,842
TOTAL EXPENSES $84,679

Year-over-Year Comparison

2025 2024 Change
Revenue $65,979 $32,847 +1.0%
Expenses $84,679 $162,579 -0.5%
Net Income $-18,700 $-129,732 -0.9%
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
5
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
2025 $65,979 $84,679 $1,994,954 $-18,700
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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