ITALIAN HERITAGE FOUNDATION OF ROCHESTER (EIN 161318224) - 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

PHIL PECORA

Phone

5854718686

Tax Period

2023-01-01 to 2023-12-31

ITALIAN HERITAGE FOUNDATION OF ROCHESTER, founded in 1988, is a small nonprofit that reported $168K in total revenue in fiscal year 2023. Expenses of $212K exceeded revenue, resulting in a 26% operating deficit.

Mission

TO RAISE MONEY THROUGH EVENTS IN ORDER TO DONATE TO VARIOUS OTHER CHARITABLE ORGANIZATIONS.

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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 $9,075

Program Service Revenue $0

Investment Income $-914

Other Revenue $159,398

TOTAL REVENUE $167,559

Expense Breakdown

Grants Paid $120,000

Salaries & Benefits $45,305

Fundraising Expenses $0

Program Expenses $120,000

Other Expenses $46,378

TOTAL EXPENSES $211,683

Year-over-Year Comparison

	2023	2022	Change
Revenue	$167,559	$164,407	+0.0%
Expenses	$211,683	$88,485	+1.4%
Net Income	$-44,124	$75,922	-1.6%

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

$42,099

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HON JAMES ALESI	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
MARIO DILUIGI	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER CALABRESE ESQ	DIRECTOR	1.00	Director	$0	$0	$0
RON BILLITIER	DIRECTOR	1.00	Director	$0	$0	$0
DR JOSEPH CARBONE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN COLARUOTOLO	CHAIRMAN	2.00	Officer Director	$0	$0	$0
ANTHONY COTRONEO ESQ	DIRECTOR	1.00	Director	$0	$0	$0
PAUL DECAROLIS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN DIMARCO II	DIRECTOR	1.00	Director	$0	$0	$0
GIOVANI LIDESTRI	DIRECTOR	1.00	Director	$0	$0	$0
FRANK SORGE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ANTHONY MELEO	AT LARGE	2.00	Officer Director	$0	$0	$0
FRANK GUIDO	AT LARGE	2.00	Officer Director	$0	$0	$0
SAMUEL P MERLO ESQ	CHAIRMAN EMERITUS	2.00	Officer Director	$0	$0	$0
ROBERT PORRETTI	DIRECTOR	1.00	Director	$0	$0	$0
JOEL DIMARCO	DIRECTOR	1.00	Director	$0	$0	$0
PHIL PECORA	PRESIDENT ELECT	2.00	Officer Director	$0	$0	$0
PATRICK MANUEL	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL TAMBE	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
FRANK PAVIA	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN V DORAZIO	TREASURER	2.00	Officer Director	$0	$0	$0
MARCELLO BATTISTI	PRESIDENT	2.00	Officer Director	$0	$0	$0
SUSAN CALABRESE-CIROCCO	DIRECTOR	1.00	Director	$0	$0	$0
SHELLY EGGERT	DIRECTOR	1.00	Director	$0	$0	$0
LAURA WINKELBAUER	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL BARANELLO ESQ	DIRECTOR	1.00	Director	$0	$0	$0
DANIELA QUALIDIERI	DIRECTOR	1.00	Director	$0	$0	$0
YVONNE CATERNOLO	EXECUTIVE DIRECTOR	30.00	Officer	$36,766	$5,333	$42,099

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	$167,559	$211,683	$1,455,214	$-44,124
2022	$164,407	$88,485	$1,334,751	$75,922
2021	$403,587	$196,392	$1,425,429	$207,195
2020	$185,036	$124,003	$1,327,688	$61,033
2019	$219,570	$208,939	$1,168,955	$10,631
2018	$247,141	$198,308	$1,072,626	$48,833

ITALIAN HERITAGE FOUNDATION OF ROCHESTER