ITALIAN AMERICAN STUDIES ASSOC C/O RICHARD J GIRASOLE CPA

EIN: 136218331 501(c)(3)

BROOKLYN, NY

Total Revenue
$2,050
Total Expenses
$6,608
Total Assets
$64,533
Net Assets
$64,533
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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
2008
Legal Domicile
NY
Principal Officer
ALAN GRAVANO
Phone
7182381212
Tax Period
2020-01-01 to 2020-12-31

ITALIAN AMERICAN STUDIES ASSOC C/O RICHARD J GIRASOLE CPA, founded in 2008, is a micro nonprofit that reported $2K in total revenue in fiscal year 2020. Revenue fell 96% from the prior year — a significant decline worth monitoring. Expenses of $7K exceeded revenue, resulting in a 222% operating deficit.

Mission

CHILDREN'S EDUCATION

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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 (2020)

Revenue Breakdown

Contributions & Grants $2,050
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,050

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $2,850
Other Expenses $6,608
TOTAL EXPENSES $6,608

Year-over-Year Comparison

2020 2019 Change
Revenue $2,050 $51,674 -1.0%
Expenses $6,608 $34,722 -0.8%
Net Income $-4,558 $16,952 -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
2
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALAN GRAVANO PRESIDENT 10.00
Officer Director
$0 $0 $0
DONNA M CHIRICO TREASURER N/A
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
2020 $2,050 $6,608 $64,533 $-4,558
2019 $51,674 $34,722 $96,352 $16,952
2018 $25,323 $29,081 $79,400 $-3,758
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