THE AMITY CHARITABLE TRUST FUND (EIN 066070867) - 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

1961

Legal Domicile

Principal Officer

PRISCO PANZA

Phone

2036275994

Tax Period

2023-01-01 to 2023-12-31

THE AMITY CHARITABLE TRUST FUND, founded in 1961, is a small nonprofit that reported $382K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $162K, a strong 42% operating margin.

Mission

THE AMITY CHARITABLE TRUST FUND'S MISSION IS TO AWARD SCHOLARSHIPS TO COLLEGE STUDENTS AND TO DISBURSE FUNDS TO VARIOUS COMMUNITY AND CIVIC ORGANIZATIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $79,662

Program Service Revenue $0

Investment Income $222,625

Other Revenue $79,604

TOTAL REVENUE $381,891

Expense Breakdown

Grants Paid $162,140

Salaries & Benefits $0

Fundraising Expenses $6,637

Program Expenses $162,140

Other Expenses $57,523

TOTAL EXPENSES $219,663

Year-over-Year Comparison

	2023	2022	Change
Revenue	$381,891	$315,747	+0.2%
Expenses	$219,663	$208,311	+0.1%
Net Income	$162,228	$107,436	+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

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
DAVID IANNONE	TRUSTEE	2.00	Director	$0	$0	$0
PASCAL PANZA	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT PISCITELLI	PRESIDENT/TREASURER	2.00	Officer Director	$0	$0	$0
PRISCO PANZA	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JOSEPH PALMUCCI	TRUSTEE	2.00	Director	$0	$0	$0
THOMAS CIESCO	SECRETARY	2.00	Officer 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
2024	No data	No data	No data	No data
2023	$381,891	$219,663	$3,100,710	$162,228
2022	$315,747	$208,311	$2,747,079	$107,436
2021	$192,968	$182,221	$3,259,743	$10,747
2020	$118,148	$152,801	$2,819,839	$-34,653
2019	$315,916	$144,483	$2,438,198	$171,433
2018	$353,866	$165,373	$2,002,611	$188,493

THE AMITY CHARITABLE TRUST FUND