LEGA SICILIANA SOCIAL CLUB INC (EIN 061003974) - 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

1975

Legal Domicile

Principal Officer

RICHARD LANZA SR

Phone

2032172095

Tax Period

2024-01-01 to 2024-12-31

LEGA SICILIANA SOCIAL CLUB INC, founded in 1975, is a small nonprofit that reported $209K in total revenue in fiscal year 2024. Revenue surged 561% from the prior year, signaling strong growth momentum. The organization ran a surplus of $163K, a strong 78% operating margin.

Mission

Present scholarships to local residents for college and recognize an individual as Sicilian of the year who best exemplifies the qualities of volunteerism and community service for Sicilians and others.

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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 $9,124

Program Service Revenue $0

Investment Income $189,575

Other Revenue $10,450

TOTAL REVENUE $209,149

Expense Breakdown

Grants Paid $800

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,154

Other Expenses $44,928

TOTAL EXPENSES $45,728

Year-over-Year Comparison

	2024	2023	Change
Revenue	$209,149	$31,644	+5.6%
Expenses	$45,728	$54,449	-0.2%
Net Income	$163,421	$-22,805	-8.2%

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

N/A

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
HENERY AURIGEMMA	SGT AT ARMS	001.00	Director	$0	$0	$0
PAUL BASCETTA SR	BOARD OF DIRECTORS	001.00	Director	$0	$0	$0
VINCENT VALENTI	BOARD OF DIRECTORS	001.00	Director	$0	$0	$0
FRANCIS VUOLO	BOARD OF DIRECTORS	001.00	Director	$0	$0	$0
CHRISTOPHER PETRO	BOARD OF DIRECTORS	001.00	Director	$0	$0	$0
RICHARD LANZA SR	PRESIDENT	010.00	Officer	$0	$0	$0
GEORGE BERARDI	SECRETARY	001.00	Officer	$0	$0	$0
LEE CAMMEILETTI	TREASURER	001.00	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	$209,149	$45,728	$204,828	$163,421

LEGA SICILIANA SOCIAL CLUB INC