LA FESTA ITALIANA INC

EIN: 161554287 501(c)(3) Arts, Culture & Humanities

LIVERPOOL, NY

Total Revenue
$218,837
Total Expenses
$230,104
Total Assets
$161,094
Net Assets
$161,094
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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
2001
Legal Domicile
NY
Principal Officer
VIRGINIA LOSTUMBO
Phone
3154227750
Tax Period
2024-01-01 to 2024-12-31

LA FESTA ITALIANA INC, founded in 2001, is a small nonprofit in the Arts, Culture & Humanities sector that reported $219K in total revenue in fiscal year 2024.

Mission

TO PROMOTE AWARENESS OF ITALIAN AMERICAN HISTORY AND CULTURE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $16,100
Program Service Revenue $198,309
Investment Income $1,141
Other Revenue $3,287
TOTAL REVENUE $218,837

Expense Breakdown

Grants Paid $20,725
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $224,976
Other Expenses $209,379
TOTAL EXPENSES $230,104

Year-over-Year Comparison

2024 2023 Change
Revenue $218,837 $206,127 +0.1%
Expenses $230,104 $208,007 +0.1%
Net Income $-11,267 $-1,880 +5.0%
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
7
Independent Members
7
Employees
N/A
Volunteers
207

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
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VIRGINIA LOSTUMBO PRESIDENT 2.00
Officer Director
$0 $0 $0
JULIAN CHARLES VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
THERESA CHARLES TREASURER 2.00
Officer Director
$0 $0 $0
CAROL STOCKHAM SECRETARY 2.00
Officer Director
$0 $0 $0
LINDA DEFRANCISCO DIRECTOR 1.00
Director
$0 $0 $0
JOHN CERRONE DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN MILITI 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 $218,837 $230,104 $161,094 $-11,267
2023 $206,127 $208,007 $170,547 $-1,880
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