PIEDMONT ASSOCIATES INC

EIN: 060725432

DARIEN, CT

Total Revenue
$263,307
Total Expenses
$271,568
Total Assets
$433,453
Net Assets
$292,536
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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
1912
Legal Domicile
CT
Principal Officer
MICHAEL VITTI
Phone
2036557884
Tax Period
2024-01-01 to 2024-12-31

PIEDMONT ASSOCIATES INC, founded in 1912, is a small nonprofit that reported $263K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

SOCIAL AND CIVIC ORGANIZATION IN NATURE - FOCUSING ON PRESERVATION OF ITALIAN HERITAGE

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $29,946
Investment Income $0
Other Revenue $233,361
TOTAL REVENUE $263,307

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $271,568
TOTAL EXPENSES $271,568

Year-over-Year Comparison

2024 2023 Change
Revenue $263,307 $220,983 +0.2%
Expenses $271,568 $268,709 +0.0%
Net Income $-8,261 $-47,726 -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

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Governance

Voting Members
7
Independent Members
7
Employees
4
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL VITTI PRESIDENT N/A
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 $263,307 $271,568 $433,453 $-8,261
2023 $220,983 $268,709 $467,447 $-47,726
2022 $141,144 $141,932 $519,974 $-788
2021 $118,060 $90,733 $379,534 $27,327
2020 $64,831 $99,665 $352,784 $-34,834
2019 $94,192 $93,638 $356,818 $554
2018 $99,819 $100,991 $356,264 $-1,172
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