ITALIAN CHARITIES OF AMERICA INC (EIN 111666830) - 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

1936

Legal Domicile

Principal Officer

DOMENIC GIAMPINO

Phone

7184783100

Tax Period

2023-01-01 to 2023-12-31

ITALIAN CHARITIES OF AMERICA INC, founded in 1936, is a small nonprofit that reported $265K in total revenue in fiscal year 2023. Revenue surged 63% from the prior year, signaling strong growth momentum. Expenses of $255K left a modest 3% surplus.

Mission

CULTURAL NONPROFIT ORGANIZATION PROVIDING CULTURAL PROGRAMS, EVENTS AND ACTIVITIES FOR THE ITALIAN AMERICAN COMMUNITY, ITS MEMBERS AND THE GENERAL PUBLIC. CHARITABLE DONATIONS TO ITALIAN AMERICAN ORGANIZATIONS AS WELL AS OTHER NONPROFIT 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 $28,017

Program Service Revenue $24,350

Investment Income $0

Other Revenue $212,177

TOTAL REVENUE $264,544

Expense Breakdown

Grants Paid $13,059

Salaries & Benefits $82,433

Fundraising Expenses $0

Program Expenses $86,027

Other Expenses $159,989

TOTAL EXPENSES $255,481

Year-over-Year Comparison

	2023	2022	Change
Revenue	$264,544	$161,957	+0.6%
Expenses	$255,481	$180,544	+0.4%
Net Income	$9,063	$-18,587	-1.5%

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

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
SARINA R CONSOLI	TREASURER	10.00	Officer Director	$0	$0	$0
DOMENIC GIAMPINO	PRESIDENT	10.00	Officer Director	$0	$0	$0
JOSEPHINE MANZELLA	CHAIRPERSON	10.00	Officer Director	$0	$0	$0
ALAN G HARTMAN	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
TINA GENOVESE	SECOND VICE PRESIDENT	10.00	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	$264,544	$255,481	$842,549	$9,063
2022	$161,957	$180,544	$836,062	$-18,587
2021	$233,327	$132,328	$879,960	$100,999
2020	$109,289	$104,152	$777,321	$5,137
2019	$167,369	$176,041	$766,465	$-8,672
2018	$165,569	$171,266	$774,232	$-5,697

ITALIAN CHARITIES OF AMERICA INC