Fraternal Circle of the Natives of Conversano Inc (EIN 112803518) - 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

1920

Legal Domicile

Principal Officer

Carmela Prunella

Tax Period

2023-01-01 to 2023-12-31

Fraternal Circle of the Natives of Conversano Inc, founded in 1920, is a micro nonprofit that reported $22K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $42K exceeded revenue, resulting in a 86% operating deficit.

Mission

This association was formed in order to establish and maintain stronger cultural and soical interest among its members:To perpetuate and enlarge friendship among residents born in the USA; and to provide Financial and or moral assistance to its members in case of family crisis.

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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 $432

Program Service Revenue $0

Investment Income $22,043

Other Revenue $0

TOTAL REVENUE $22,475

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $41,851

Other Expenses $41,851

TOTAL EXPENSES $41,851

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,475	$19,389	+0.2%
Expenses	$41,851	$45,145	-0.1%
Net Income	$-19,376	$-25,756	-0.2%

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
Patrick Lestingi	Trustee	1.00	Director	$0	$0	$0
Carolyn Rutigliano	Trustee	1.00	Director	$0	$0	$0
Andrew Lestingi	Treasurer	1.00	Officer	$0	$0	$0
Anna Belfiore	Financial Secretary	1.00	Officer	$0	$0	$0
Carmela Prunella	President	5.00	Officer	$0	$0	$0
Vincenzo Rutigliano	Vice President	5.00	Officer	$0	$0	$0
Patricia Accolti Gil	Secretary	1.00	Officer	$0	$0	$0
Vincent Volpe	Assistant Treasurer	1.00	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	No data	No data	No data	No data
2023	$22,475	$41,851	$1,216,664	$-19,376
2022	$19,389	$45,145	$1,236,040	$-25,756
2021	$11,599	$42,342	$1,261,796	$-30,743
2020	$17,431	$34,656	$1,292,539	$-17,225
2019	$43,659	$69,336	$1,309,764	$-25,677

Fraternal Circle of the Natives of Conversano Inc