ITALIAN ACADEMY FOUNDATION INC (EIN 133416740) - 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

1947

Legal Domicile

Principal Officer

CAROLE ACUNTO

Phone

9146177620

Tax Period

2024-01-01 to 2024-12-31

ITALIAN ACADEMY FOUNDATION INC, founded in 1947, is a small nonprofit in the Arts, Culture & Humanities sector that reported $681K in total revenue in fiscal year 2024.

Mission

THE ITALIAN ACADEMY FOUNDATION, INC. HAS ADOPTED "CULTURAL DIPLOMACY" TO DESCRIBE ITS MISSION, REFERRING TO THE STAGING OF CULTURAL EVENTS, ART, MUSICAL AND OTHER PROGRAMS, TOGETHER WITH THE PUBLICATION OF MATERIALS, NOTABLY THE ITALIAN JOURNAL, THAT WILL PRESENT ITALIAN REALITIES PAST AND PRESENTTO U.S. AUDIENCES. OUR CONCERTS AND SYMPOSIA, EXHIBITIONS AND PERFORMANCES ARE DESIGNED TO PROVIDE UPLIFTING EXPERIENCES IN WHICH ITALIANITA IS THE ESSENTIAL SUBJECT. ITALIAN ACADEMY FOUNDATION ARTISTS ARE ARTICULATE AMBASSADORS; THEIR ART, A BRILLIANT DISCOURSE THAT PROMOTES MUTUALITY AND UNDERSTANDING.

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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 $2,270

Program Service Revenue $678,890

Investment Income $0

Other Revenue $0

TOTAL REVENUE $681,160

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $733,875

Other Expenses $738,375

TOTAL EXPENSES $738,375

Year-over-Year Comparison

	2024	2023	Change
Revenue	$681,160	$639,505	+0.1%
Expenses	$738,375	$620,142	+0.2%
Net Income	$-57,215	$19,363	-4.0%

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

N/A

Independent Members

N/A

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	Role	Reportable Comp	Other Comp	Total
STEFANO ACUNTO	CHARIRMAN	Director	$0	$0	$0
CLAUDIA PALMIRA ACUNTO	VICE CHAIR	Director	$0	$0	$0
STEPHEN ACUNTO JR	VICE CHAIR	Director	$0	$0	$0
CAROLE ACUNTO	PRESIDENT	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	$681,160	$738,375	$41,717	$-57,215
2023	$639,505	$620,142	$120,494	$19,363

ITALIAN ACADEMY FOUNDATION INC