ITALIAN HISTORICAL SOCIETY OF AMERI

EIN: 113120989 501(c)(3)

BROOKLYN, NY

Total Revenue
$13,694
Total Expenses
$12,496
Total Assets
$5,283
Net Assets
$5,283
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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
1968
Legal Domicile
NY
Principal Officer
JOHN LACORTE
Phone
7182381212
Tax Period
2021-01-01 to 2021-12-31

ITALIAN HISTORICAL SOCIETY OF AMERI, founded in 1968, is a micro nonprofit that reported $14K in total revenue in fiscal year 2021. Revenue surged 113% from the prior year, signaling strong growth momentum. Expenses of $12K left a modest 9% surplus.

Mission

TO PROVIDE FUNDS FOR NEEDY 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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $13,694
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $13,694

Expense Breakdown

Grants Paid $8,805
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $8,805
Other Expenses $3,691
TOTAL EXPENSES $12,496

Year-over-Year Comparison

2021 2020 Change
Revenue $13,694 $6,424 +1.1%
Expenses $12,496 $10,327 +0.2%
Net Income $1,198 $-3,903 -1.3%
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

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Governance

Voting Members
2
Independent Members
2
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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN LACORTE DIRECTOR N/A
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
2021 $13,694 $12,496 $5,283 $1,198
2020 $6,424 $10,327 $4,087 $-3,903
2019 $31,343 $28,990 $7,990 $2,353
2018 $39,214 $44,248 $5,637 $-5,034
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