SONS OF ITALY IN AMERICA

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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

1905

Legal Domicile

Principal Officer

MARIE IANNAZZI

Phone

2038490675

Tax Period

2021-04-01 to 2022-03-31

SONS OF ITALY IN AMERICA, founded in 1905, is a small nonprofit that reported $157K in total revenue in fiscal year 2021. The organization ran a surplus of $136K, a strong 87% operating margin.

Mission

TO SUPPORT MEMBERS OF ITALIAN HERITAGE AND PROMOTE COMMUNITY DEVELOPEMENT.

Program Service Accomplishments

Program 1

LODGE PROVIDED SCHOLARSHIPS TO STUDENTS OF ITALIAN AMERICAN HERITAGE, LODGE PROMOTED ITALIAN AMERICAN HERITAGE THROUGH PARTICIPATION IN THE WESTPORT ITALIAN AMERICAN FESTIVAL AND NORWALK OYSTER...

LODGE PROVIDED SCHOLARSHIPS TO STUDENTS OF ITALIAN AMERICAN HERITAGE, LODGE PROMOTED ITALIAN AMERICAN HERITAGE THROUGH PARTICIPATION IN THE WESTPORT ITALIAN AMERICAN FESTIVAL AND NORWALK OYSTER FESTIVAL.

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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 (2021)

Revenue Breakdown

Contributions & Grants $169,006

Program Service Revenue $0

Investment Income $17

Other Revenue $-12,174

TOTAL REVENUE $156,849

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $19,435

Other Expenses $21,125

TOTAL EXPENSES $21,125

Year-over-Year Comparison

	2021	2020	Change
Revenue	$156,849	$-8,702	-19.0%
Expenses	$21,125	$22,985	-0.1%
Net Income	$135,724	$-31,687	-5.3%

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
MARIE IANNAZZI	PRESIDENT	020.00	Officer	$0	$0	$0
JIM ANDERSON	VICE PRESIDENT	020.00	Officer	$0	$0	$0
ANNE BORGES	SECRETARY	020.00	Officer	$0	$0	$0
JOHN CAPOZZI	SECRETARY	020.00	Officer	$0	$0	$0
GARY MECOZZI	TREASURER	020.00	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
2022	$156,849	$21,125	$45,885	$135,724
2021	$-8,702	$22,985	$21,222	$-31,687
2020	$2,286	$17,303	$33,159	$-15,017