ITALIAN MINISTRIES USA (EIN 204937634) - 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

Legal Domicile

Principal Officer

MICHAEL PARHAM

Phone

3072228454

Tax Period

2024-01-01 to 2024-12-31

ITALIAN MINISTRIES USA is a small nonprofit in the Human Services sector that reported $764K in total revenue in fiscal year 2024. Expenses of $739K left a modest 3% surplus.

Mission

IMUSA IS A CHRISTIAN MISSIONS SUPPORT ORGANIZATION TO MISSIONARIES SERVING IN ITALY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $759,000

Program Service Revenue $0

Investment Income $4,882

Other Revenue $0

TOTAL REVENUE $763,882

Expense Breakdown

Grants Paid $401,969

Salaries & Benefits $332,419

Fundraising Expenses $0

Program Expenses $734,388

Other Expenses $4,409

TOTAL EXPENSES $738,797

Year-over-Year Comparison

	2024	2023	Change
Revenue	$763,882	$731,350	+0.0%
Expenses	$738,797	$695,637	+0.1%
Net Income	$25,085	$35,713	-0.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL PARHAM	PRESIDENT/CH	1.00	Officer Director	$0	$0	$0
GIUSEPPE PALERMO	DIRECTOR	1.00	Director	$0	$0	$0
PAUL BRIGGS	DIRECTOR	1.00	Director	$0	$0	$0
ALLEN BARTIMOLI	DIRECTOR	1.00	Director	$0	$0	$0
SAMUELE QUATTRINI	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	$763,882	$738,797	$141,115	$25,085
2023	$731,350	$695,637	$116,030	$35,713
2022	$650,453	$679,268	$80,317	$-28,815
2021	$569,251	$655,778	$109,132	$-86,527
2020	$808,183	$702,557	$195,659	$105,626
2019	$736,344	$735,272	$78,449	$1,072
2018	$830,913	$795,453	$77,377	$35,460

ITALIAN MINISTRIES USA