ITALIAN AMERICAN COMMUNITY CENTER INC

EIN: 161428661 501(c)(3) Arts, Culture & Humanities

ROCHESTER, NY

Total Revenue
$2,510,825
Total Expenses
$398,083
Total Assets
$2,714,590
Net Assets
$2,308,358
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
NY
Principal Officer
CHRISTOPHER CIARDI
Phone
5855948882
Tax Period
2023-01-01 to 2023-12-31

ITALIAN AMERICAN COMMUNITY CENTER INC, founded in 1993, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.5M in total revenue in fiscal year 2023. Revenue surged 6047% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 84% operating margin.

Mission

TO SUSTAIN THE SOCIAL VITALITY AND CULTURAL IBRANCY OF THE ITALIANAMERICAN HERITAGE BY STRENGTHING FAMILY FILE, UPLIFTING HUMAN SERVICES,BINDING TOGETHER THE DIVERSE HISTORICAL TRADITIONS OF ITALIANS, ANDHONORING THE LEGACY OF THE ITALIAN IMMIGRATION TO THE UNITED STATES

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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 (2023)

Revenue Breakdown

Contributions & Grants $53,219
Program Service Revenue $85,597
Investment Income $2,342,872
Other Revenue $29,137
TOTAL REVENUE $2,510,825

Expense Breakdown

Grants Paid $0
Salaries & Benefits $38,233
Fundraising Expenses $725
Program Expenses $166,420
Other Expenses $359,850
TOTAL EXPENSES $398,083

Year-over-Year Comparison

2023 2022 Change
Revenue $2,510,825 $40,849 +60.5%
Expenses $398,083 $155,288 +1.6%
Net Income $2,112,742 $-114,439 -19.5%
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

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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
10
Independent Members
10
Employees
20
Volunteers
10

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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT CAPPUCCIO President 2.00
Officer Director
$0 $0 $0
JOSEPH DIFABIO Vice President 2.00
Officer Director
$0 $0 $0
CHRISTOPHER CIARDI Treasurer 2.00
Officer Director
$0 $0 $0
RICHARD SANTO Secretary 2.00
Officer Director
$0 $0 $0
FRANK CIARDI Director 1.00
Director
$0 $0 $0
QUINTINO DICESARE Director 1.00
Director
$0 $0 $0
EDWARD MERANTE Director 1.00
Director
$0 $0 $0
GIROLAMO PELLEGRINO Director 1.00
Director
$0 $0 $0
AMY PREZIOSI Director 1.00
Director
$0 $0 $0
MICHAEL WHITMER Director 1.00
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 $2,510,825 $398,083 $2,714,590 $2,112,742
2022 $40,849 $155,288 $1,374,726 $-114,439
2021 $229,265 $264,059 $1,393,557 $-34,794
2020 $90,807 $213,749 $1,357,979 $-122,942
2019 $393,632 $526,125 $1,356,000 $-132,493
2018 $590,422 $651,525 $1,501,043 $-61,103
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