Naples Italian American Foundation Inc (EIN 205045417) - 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

2006

Legal Domicile

Principal Officer

Andrew Calvanese

Phone

2395975210

Tax Period

2024-07-01 to 2025-06-30

Naples Italian American Foundation Inc, founded in 2006, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $274K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $304K exceeded revenue, resulting in a 11% operating deficit.

Mission

The organization was established exclusively for charitable and educational purposes and operates as a service organization celebrating, promoting, and preserving Italian culture and heritage in Collier and Lee County.

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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 $46,758

Program Service Revenue $90,718

Investment Income $12,221

Other Revenue $124,122

TOTAL REVENUE $273,819

Expense Breakdown

Grants Paid $11,000

Salaries & Benefits $60,167

Fundraising Expenses $11,315

Program Expenses $258,943

Other Expenses $233,048

TOTAL EXPENSES $304,215

Year-over-Year Comparison

	2024	2023	Change
Revenue	$273,819	$344,482	-0.2%
Expenses	$304,215	$246,643	+0.2%
Net Income	$-30,396	$97,839	-1.3%

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

Volunteers

163

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
George Giunta	President	2.00	Director	$0	$0	$0
Anthony Carfang	Director	2.00	Director	$0	$0	$0
Anthony Carfang	Director	2.00	Director	$0	$0	$0
Al Lenza	Director	2.00	Director	$0	$0	$0
Randy Underwood	Director	2.00	Director	$0	$0	$0
Marilyn Romeo	Secretary	2.00	Officer	$0	$0	$0
Andrew Calvanese	President	1.00	Officer	$0	$0	$0
John Kuechmann	Treasurer	2.00	Officer	$0	$0	$0
Brad Nelson	Vice President	2.00	Officer	$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
2025	$273,819	$304,215	$984,258	$-30,396
2024	$344,482	$246,643	$981,750	$97,839
2023	$256,537	$312,677	$866,218	$-56,140
2022	$171,526	$201,980	$918,035	$-30,454
2021	$158,903	$155,185	$958,209	$3,718
2020	$156,569	$206,507	$925,754	$-49,938
2019	$172,506	$199,747	$965,038	$-27,241
2018	$277,794	$331,086	$981,041	$-53,292

Naples Italian American Foundation Inc