SOCIETA MARIA SS DEL MONTE CARMELO BUILDING ASSOCI

EIN: 060540672

Enfield, CT

Total Revenue
$58,186
Total Expenses
$108,305
Total Assets
$1,156,874
Net Assets
$1,156,874
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1926
Legal Domicile
CT
Principal Officer
FRANK TROIANO
Phone
8607458856
Tax Period
2025-01-01 to 2025-12-31

SOCIETA MARIA SS DEL MONTE CARMELO BUILDING ASSOCI, founded in 1926, is a micro nonprofit that reported $58K in total revenue in fiscal year 2025. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $108K exceeded revenue, resulting in a 86% operating deficit.

Mission

MONTE CARMELO PROVIDES ASSISTANCE TO NEEDY CITIZENS, ALLOWS LOCAL NON-POFITS TO USE ITS FACILITIES, DONATES MONEY TO NON-PROFIT ORGANIZATIONS AND REINVESTS ANY CASH AFTER OPERATING EXPENSES IN ITS OWN 501(C)(4) ACTIVITIES AND TAX EXEMPT PURPOSES.

Program Service Accomplishments

Program 1
Expenses: $108,305

MONTE CARMELO PROVIDES ASSISTANCE TO NEEDY CITIZENS, DONATES MONEY AND FACILITIES TO CIVIC AND RELIGIOUS NON PROFIT ORGANIZATIONS AND REINVESTS ANY CASH AFTER OPTERATING EXPENSES IN ITS OWN 501(C)(4)...

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MONTE CARMELO PROVIDES ASSISTANCE TO NEEDY CITIZENS, DONATES MONEY AND FACILITIES TO CIVIC AND RELIGIOUS NON PROFIT ORGANIZATIONS AND REINVESTS ANY CASH AFTER OPTERATING EXPENSES IN ITS OWN 501(C)(4) ACTIVITIES AND TAX EXEMPT PURPOSES. Many free services to the Town of Enfield

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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 $2,605
Program Service Revenue $34,090
Investment Income $20,058
Other Revenue $1,433
TOTAL REVENUE $58,186

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $108,305
Other Expenses $108,305
TOTAL EXPENSES $108,305

Year-over-Year Comparison

2025 2024 Change
Revenue $58,186 $79,958 -0.3%
Expenses $108,305 $73,424 +0.5%
Net Income $-50,119 $6,534 -8.7%
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
7
Independent Members
7
Employees
N/A
Volunteers
50

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
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANK TROIANO TREASURER 10.00
Officer Director
$0 $0 $0
CARL SFERRAZZA PRESIDENT 10.00
Officer Director
$0 $0 $0
FRANK VESCE VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
CHARLES PALOMBA SECRETARY 3.00
Officer 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 $58,186 $108,305 $1,156,874 $-50,119
2024 $79,958 $73,424 $1,206,993 $6,534
2023 $-35,205 No data $1,206,338 No data
2022 $101,451 $102,150 $1,113,172 $-699
2021 $12,575 $44,341 $1,149,433 $-31,766
2020 $11,562 $55,709 $1,185,732 $-44,147
2019 $120,852 $105,920 $1,078,378 $14,932
2018 $73,669 $91,699 $1,064,653 $-18,030
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