ITALIAN WELFARE LEAGUE INC (EIN 131624051) - 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

1922

Legal Domicile

Principal Officer

GERALDINE DICOSTANZO

Phone

2128618480

Tax Period

2024-11-01 to 2025-10-31

ITALIAN WELFARE LEAGUE INC, founded in 1922, is a small nonprofit in the Human Services sector that reported $359K in total revenue in fiscal year 2024. Expenses of $306K left a modest 15% surplus.

Mission

TO DISTRIBUTE FUNDS IN THE FORM OF DONATIONS TO RECOGNIZED CHARITABLE ORGANIZATIONS AND NEEDY INDIVIDUALS OF ITALIAN EXTRACTION AND CAUSES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $54,472

Program Service Revenue $0

Investment Income $3,518

Other Revenue $301,207

TOTAL REVENUE $359,197

Expense Breakdown

Grants Paid $231,849

Salaries & Benefits $40,185

Fundraising Expenses $25,013

Program Expenses $245,865

Other Expenses $33,630

TOTAL EXPENSES $305,664

Year-over-Year Comparison

	2024	2023	Change
Revenue	$359,197	$350,134	+0.0%
Expenses	$305,664	$350,819	-0.1%
Net Income	$53,533	$-685	-79.2%

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

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
BEA TUSIANI	CHAIRWOMAN EMERITA	1.00	Director	$0	$0	$0
KRISTIN KNOWLES	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA CARLOZZI	BOARD MEMBER	1.00	Director	$0	$0	$0
LUCREZIA GALLELLI	BOARD MEMBER	1.00	Director	$0	$0	$0
ROSE M PANNINI	BOARD MEMBER	1.00	Director	$0	$0	$0
JOAN PREZIOSO	BOARD MEMBER	1.00	Director	$0	$0	$0
GIOVANNA R STELLARI	BOARD MEMBER	1.00	Director	$0	$0	$0
CELESTE MARCHIONE-MALTZMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
FRAN GALLINARI	BOARD MEMBER	1.00	Director	$0	$0	$0
IVANA GIUNTOLI-MCCOTTER	CHAIRWOMAN	1.00	Director	$0	$0	$0
GERALDINE DICOSTANZO	TREASURER	1.00	Officer	$0	$0	$0
GERALDINE CAGGIANO	VICE PRESIDENT	1.00	Officer	$0	$0	$0
OLGA CASARELLA	VICE PRESIDENT	1.00	Officer	$0	$0	$0
LOUISA GRECO	SECRETARY	1.00	Officer	$0	$0	$0
ANNA MALAFRONTE	PRESIDENT	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
2025	$359,197	$305,664	$599,076	$53,533
2024	$350,134	$350,819	$504,640	$-685
2023	$351,727	$400,876	$461,038	$-49,149
2022	$370,892	$294,830	$492,331	$76,062
2021	$268,030	$172,263	$432,412	$95,767
2020	$185,320	$272,588	$310,850	$-87,268
2019	$266,630	$288,198	$404,669	$-21,568
2018	$295,500	$289,194	$418,744	$6,306

ITALIAN WELFARE LEAGUE INC