ITALIAN POLITICAL INDEPENDENT CLUB (EIN 060670122) - 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

1908

Legal Domicile

Principal Officer

RICHARD HANS

Phone

8608289010

Tax Period

2024-01-01 to 2024-12-31

ITALIAN POLITICAL INDEPENDENT CLUB, founded in 1908, is a small nonprofit that reported $322K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $278K left a modest 14% surplus.

Mission

N/A

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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 (2024)

Revenue Breakdown

Contributions & Grants $65,555

Program Service Revenue $0

Investment Income $12

Other Revenue $256,578

TOTAL REVENUE $322,145

Expense Breakdown

Grants Paid $0

Salaries & Benefits $72,049

Fundraising Expenses $0

Other Expenses $205,538

TOTAL EXPENSES $277,587

Year-over-Year Comparison

	2024	2023	Change
Revenue	$322,145	$290,568	+0.1%
Expenses	$277,587	$259,962	+0.1%
Net Income	$44,558	$30,606	+0.5%

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

N/A

Employees

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
JOHN MANGIAFICO	PRESIDENT	0.00	Officer	$0	$0	$0
RAYMOND REVOIR	VICE PRESIDENT	0.00	Officer	$0	$0	$0
MARK KOZON	SECRETARY	0.00	Officer	$0	$0	$0
RICK HANS	TREASURER	2.00	Officer	$0	$0	$0
WILLIAM AUST	FINANCIAL SECRETARY	0.00	Officer	$0	$0	$0
ANGELA STEWART	ASST. TREASURER	0.00	Officer	$0	$0	$0
ROBIN FIUMARA	ASST. FINANCIAL SECR.	0.00	Officer	$0	$0	$0
JASON BORSELLE	DIRECTOR	0.00	Director	$0	$0	$0
HOWARD LARSON	DIRECTOR	0.00	Director	$0	$0	$0
DAVID WOODRUFF	DIRECTOR	0.00	Director	$0	$0	$0
PASQUALE BRUSCHINO	DIRECTOR	0.00	Director	$0	$0	$0
ANGELO FIDUCIA	DIRECTOR	0.00	Director	$0	$0	$0
CHARLES COLARESI	DIRECTOR - CHAIR	0.00	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	No data	No data	No data	No data
2024	$322,145	$277,587	$376,466	$44,558
2023	$290,568	$259,962	$351,925	$30,606
2022	$247,231	$205,477	$364,969	$41,754
2021	$157,486	$135,329	$345,646	$22,157
2020	$142,652	$109,408	$351,788	$33,244

ITALIAN POLITICAL INDEPENDENT CLUB