ITALIAN CULTURAL CENTER (EIN 061778894) - 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

2006

Legal Domicile

Principal Officer

Astrid Garino

Phone

6122954111

Tax Period

2024-07-01 to 2025-06-30

ITALIAN CULTURAL CENTER, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $466K in total revenue in fiscal year 2024. Expenses of $433K left a modest 7% surplus.

Mission

To promote the knowledge, understanding, and appreciation of Italian culture through educational services and cultural events.

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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 $53,969

Program Service Revenue $407,679

Investment Income $4,315

Other Revenue $0

TOTAL REVENUE $465,963

Expense Breakdown

Grants Paid $500

Salaries & Benefits $228,763

Fundraising Expenses $0

Program Expenses $259,071

Other Expenses $204,050

TOTAL EXPENSES $433,313

Year-over-Year Comparison

	2024	2023	Change
Revenue	$465,963	$442,175	+0.1%
Expenses	$433,313	$382,572	+0.1%
Net Income	$32,650	$59,603	-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

Employees

Volunteers

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

$9,319

Key Employees

$49,319

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ronald Lattin	Executive Director	20	Key Emp	$40,000	$0	$40,000
Maria Teresa Monaco	Director/Treasurer/Instructor	10	Director Key Emp	$9,319	$0	$9,319
Astrid Garino	Director/President	5	Officer Director	$0	$0	$0
Joe Tamburino	Director/Vice President	2	Officer Director	$0	$0	$0
James D'Aurora	Director/Secretary	2	Officer Director	$0	$0	$0
Stefano Perugini	Director	2	Director	$0	$0	$0
Stefano Follega	Director	2	Director	$0	$0	$0
Donato De Quarto	Director	2	Director	$0	$0	$0
Anthony Alessi	Chief Accounting Officer	2	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
2025	$465,963	$433,313	$547,855	$32,650
2024	$442,175	$382,572	$477,917	$59,603
2023	$279,445	$269,173	$422,628	$10,272
2022	$232,360	$272,947	$358,590	$-40,587
2021	$282,777	$219,941	$457,143	$62,836
2020	$242,376	$239,704	$255,099	$2,672
2018	$206,172	$170,702	$223,821	$35,470

ITALIAN CULTURAL CENTER