LA FESTA ITALIANA INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

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 EDUCATIONAL AND CULTURAL COMMUNITY EVENTS DESIGNED TO INCREASE THE AWARENESS AND APPRECIATION OF ITALIAN CULTURE, HISTORY, LANGUAGE AND THE MANY POSTIVE CONTRIBUTIONS OF ITALIAN-AMERICANS TO THE UNITED STATES.

Program Service Accomplishments

Program 1

Expenses: $224,976 Revenue: $200,024

TO PROMOTE THE AWARENESS OF ITALIAN-AMERICAN CULTURE THROUGH AN ITALIAN FESTIVAL (LA FESTA ITALIANA) HELD IN DOWNTOWN SYRACUSE NEW YORK.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

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