ITALIAN BENEFIT SOCIETY INC

EIN: 060401765

STAFFORD SPRINGS, CT

Total Revenue
$143,574
Total Expenses
$144,228
Total Assets
$249,843
Net Assets
$247,813
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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
1927
Legal Domicile
CT
Tax Period
2023-01-01 to 2023-12-31

ITALIAN BENEFIT SOCIETY INC, founded in 1927, is a small nonprofit that reported $144K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

ASSIST ITALIAN AMERICANS

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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 (2023)

Revenue Breakdown

Contributions & Grants $11,723
Program Service Revenue $0
Investment Income $161
Other Revenue $131,690
TOTAL REVENUE $143,574

Expense Breakdown

Grants Paid $0
Salaries & Benefits $68,072
Fundraising Expenses $0
Program Expenses $142,140
Other Expenses $76,156
TOTAL EXPENSES $144,228

Year-over-Year Comparison

2023 2022 Change
Revenue $143,574 $124,924 +0.1%
Expenses $144,228 $131,611 +0.1%
Net Income $-654 $-6,687 -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
12
Independent Members
12
Employees
9
Volunteers
100

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREG CYR PRESIDENT 2.00
Officer
$0 $0 $0
KURT BROTHERS SECRETARY 2.00
Officer
$0 $0 $0
JEFFREY TITUS VICE PRESIDENT 2.00
Officer
$0 $0 $0
PETER WILLIAMS TREASURER 2.00
Officer
$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 No data No data No data No data
2023 $143,574 $144,228 $249,843 $-654
2022 $124,924 $131,611 $252,509 $-6,687
2021 $88,167 $78,395 $257,781 $9,772
2020 $44,753 $69,972 $245,472 $-25,219
2019 $147,078 $146,178 $273,491 $900
2018 $148,117 $169,516 $272,708 $-21,399
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