THE ITALIAN CENTER OF STAMFORD INC (EIN 060646684) - 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

1933

Legal Domicile

Principal Officer

JONATHAN T HOCH SR

Phone

2033226941

Tax Period

2023-01-01 to 2023-12-31

THE ITALIAN CENTER OF STAMFORD INC, founded in 1933, is a community nonprofit that reported $7.7M in total revenue in fiscal year 2023.

Mission

THE ORGANIZATION PROVIDES EDUCATIONAL, RECREATIONAL, CHARITABLE, CULTURAL AND SOCIAL PROGRAMS AND FACILITIES TO MEMBERS AND THE GENERAL PUBLIC.

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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 $3,517,919

Program Service Revenue $4,282,162

Investment Income $70,604

Other Revenue $-208,100

TOTAL REVENUE $7,662,585

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,096,451

Fundraising Expenses $0

Program Expenses $5,907,079

Other Expenses $3,455,341

TOTAL EXPENSES $7,551,792

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,662,585	$7,270,920	+0.1%
Expenses	$7,551,792	$6,575,183	+0.1%
Net Income	$110,793	$695,737	-0.8%

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

Employees

270

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
JEFFREY J SALVATORE	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL A MACRI	DIRECTOR	2.00	Director	$0	$0	$0
DR MICHAEL L SABIA JR	DIRECTOR	2.00	Director	$0	$0	$0
MANUEL W VETTI JR	DIRECTOR	2.00	Director	$0	$0	$0
CARMINE V LONGO JR	DIRECTOR	2.00	Director	$0	$0	$0
VINCENT ROSA	DIRECTOR	2.00	Director	$0	$0	$0
LOUIS CAVALIERE	DIRECTOR	2.00	Director	$0	$0	$0
GINA BLUM	DIRECTOR	2.00	Director	$0	$0	$0
JACKIE CAMERON	DIRECTOR	2.00	Director	$0	$0	$0
EVAN CORSELLO	DIRECTOR	2.00	Director	$0	$0	$0
MATTHEW RENDE	DIRECTOR	2.00	Director	$0	$0	$0
JAMES RUBINO	DIRECTOR	2.00	Director	$0	$0	$0
CRISTINA ANDREANA	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH COPPOLA	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS GAROZZO	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH J FIORITO	SECOND VICE PRESIDENT	2.00	Officer	$0	$0	$0
MARIO P MUSILLI	PRESIDENT	2.00	Officer	$0	$0	$0
MATTHEW V SHOZTIC	FIRST VICE PRESIDENT	2.00	Officer	$0	$0	$0
ADRIANNA ROSNER	SECRETARY	2.00	Officer	$0	$0	$0
ALAN EDWARDS	TREASURER	2.00	Officer	$0	$0	$0
JONATHAN HOCH	EXECUTIVE DIRECTOR	40.00	Highest	$179,591	$0	$179,591
CHRIS MARRERO	CATERING DIRECTOR	40.00	Highest	$102,908	$0	$102,908

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	$7,662,585	$7,551,792	$9,713,935	$110,793
2022	$7,270,920	$6,575,183	$9,541,565	$695,737
2021	$5,837,819	$5,349,882	$8,865,529	$487,937
2020	$3,304,149	$4,754,478	$7,452,060	$-1,450,329
2019	$6,321,562	$6,328,300	$7,563,569	$-6,738
2018	$3,906,819	$5,268,139	$8,137,171	$-1,361,320

THE ITALIAN CENTER OF STAMFORD INC