TRI-STATE ITALIAN AMERICAN CONGRESS INC C/O RALPH A CONTINI CPA (EIN 133528553) - 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

1988

Legal Domicile

Principal Officer

LOUIS VELE

Phone

8007728884

Tax Period

2023-01-01 to 2023-12-31

TRI-STATE ITALIAN AMERICAN CONGRESS INC C/O RALPH A CONTINI CPA, founded in 1988, is a small nonprofit in the Human Services sector that reported $330K in total revenue in fiscal year 2023. Revenue surged 66% from the prior year, signaling strong growth momentum. The organization ran a surplus of $311K, a strong 94% operating margin.

Mission

TO PROVIDE EDUCATIONAL OPPORTUNITIES FOR ITALIAN-AMERICAN CHILDREN, AND TO SUPPORT ORGANIZATIONS THAT FOSTER AWARENESS OF THE ITALIAN-AMERICAN HERITAGE

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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 $64,771

Program Service Revenue $0

Investment Income $0

Other Revenue $265,509

TOTAL REVENUE $330,280

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $19,608

TOTAL EXPENSES $19,608

Year-over-Year Comparison

	2023	2022	Change
Revenue	$330,280	$199,399	+0.7%
Expenses	$19,608	$17,520	+0.1%
Net Income	$310,672	$181,879	+0.7%

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

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
LOUIS VELE	PRESIDENT	1.00	Officer Director	$0	$0	$0
HON JOHN A BARONE	DIRECTOR	0.00	Director	$0	$0	$0
WILLIAM FANI	DIRECTOR	0.00	Director	$0	$0	$0
PHILIP DELPRETE	CHAIRMAN OF THE BOARD	1.00	Officer Director	$0	$0	$0
GEORGE GRECO	DIRECTOR	0.00	Director	$0	$0	$0
RALPH MARTUCCI	DIRECTOR	0.00	Director	$0	$0	$0
ANGELO TIGRI	DIRECTOR	0.00	Director	$0	$0	$0
LAWRENCE R INSERRA JR	DIRECTOR	0.00	Director	$0	$0	$0
EDWARD P SALZANO	DIRECTOR	0.00	Director	$0	$0	$0
STEVE VASILIKOS	DIRECTOR	0.00	Director	$0	$0	$0
JOE GARCIA	DIRECTOR	0.00	Director	$0	$0	$0
JONATHAN D'ONOFRIO	DIRECTOR	0.00	Director	$0	$0	$0
ZULEMA WISCOVITCH	DIRECTOR	0.00	Director	$0	$0	$0
RALPH A CONTINI CPA	TREASURER/EXEC DIR	3.00	Officer	$0	$0	$0
THOMAS BARRESI	VICE PRESIDENT	0.00	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	$330,280	$19,608	$798,678	$310,672
2022	$199,399	$17,520	$487,007	$181,879
2021	$266,376	$20,651	$301,628	$245,725
2020	$46,623	$303,683	$53,403	$-257,060
2019	$338,459	$226,621	$320,963	$111,838
2018	$314,892	$329,817	$230,625	$-14,925

TRI-STATE ITALIAN AMERICAN CONGRESS INC C/O RALPH A CONTINI CPA