SONS OF ITALY IN AMERICA 2397 GENEVA SONS OF ITALY (EIN 161263778) - 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

1980

Legal Domicile

Principal Officer

PALMA FRATTO-EVANS

Tax Period

2023-01-01 to 2023-12-31

SONS OF ITALY IN AMERICA 2397 GENEVA SONS OF ITALY, founded in 1980, is a micro nonprofit that reported $94K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $113K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO PROMOTE EDUCATIONAL AND ETHICAL HERITAGE OF ITALIAN-AMERICANS AMONG THE MEMBERS BY HOLDING SOCIAL GATHERINGS, RECOGNITION AWARDS, AND TO PROVIDE AN OUTLET FOR CELEBRATING ITALIAN-AMERICAN TRADITIONS.

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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 $14,904

Program Service Revenue $15,831

Investment Income $0

Other Revenue $63,710

TOTAL REVENUE $94,445

Expense Breakdown

Grants Paid $200

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $110,784

Other Expenses $113,104

TOTAL EXPENSES $113,304

Year-over-Year Comparison

	2023	2022	Change
Revenue	$94,445	$114,029	-0.2%
Expenses	$113,304	$103,138	+0.1%
Net Income	$-18,859	$10,891	-2.7%

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

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
TERESA CUPELLI	TRUSTEE	1.00	Director	$0	$0	$0
PATRICIA WILSON	TRUSTEE	1.00	Director	$0	$0	$0
RAMONA CONSTANTINE	TRUSTEE	1.00	Director	$0	$0	$0
TIFFANY SCULLI	TRUSTEE	1.00	Director	$0	$0	$0
JOHN OUGHTERSON	TRUSTEE	1.00	Director	$0	$0	$0
MARIE BRUNO	MISTRESS OF CEREMONY	1.00	Director	$0	$0	$0
ANN OSBORNE	SENTINEL	1.00	Director	$0	$0	$0
JOCELYNN CINAMELLA	TRUSTEE	1.00	Director	$0	$0	$0
DAVE COOK	MASTER OF CEREMONY	1.00	Director	$0	$0	$0
KEVIN TRICKLER	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN VENUTI	TRUSTEE	1.00	Director	$0	$0	$0
PAM DICONSTANZO	ORATOR	1.00	Director	$0	$0	$0
JOSEPH PONZI	TRUSTEE	1.00	Director	$0	$0	$0
PHYLLIS LOWERY	TRUSTEE	1.00	Director	$0	$0	$0
PETE GILLOTTE	VICE PRESIDENT	20.00	Officer Director	$0	$0	$0
PALMA FRATTO-EVANS	PRESIDENT	20.00	Officer Director	$0	$0	$0
MICHELE NEARY	RECORDING SECRETARY	1.00	Officer Director	$0	$0	$0
SHARON GERACI	FINANCIAL SECRETARY	1.00	Officer Director	$0	$0	$0
LEN DIMON	TREASURER	1.00	Officer 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
2024	No data	No data	No data	No data
2023	$94,445	$113,304	$344,560	$-18,859
2022	$114,029	$103,138	$363,852	$10,891

SONS OF ITALY IN AMERICA 2397 GENEVA SONS OF ITALY