ITALIAN AMERICAN SOCIETY INC

EIN: 205077086 Arts, Culture & Humanities

Palm Beach Gardens, FL

Total Revenue
$322,337
Total Expenses
$223,733
Total Assets
$286,096
Net Assets
$286,096
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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
2017
Legal Domicile
FL
Tax Period
2022-01-01 to 2022-12-31

ITALIAN AMERICAN SOCIETY INC, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $322K in total revenue in fiscal year 2022. Revenue surged 229% from the prior year, signaling strong growth momentum. The organization ran a surplus of $99K, a strong 31% operating margin.

Mission

Serves as a resource for Italian American Community; preserving Italian American heritage and culture. This social club is organized for pleasure,recreation, nonprofitable purposes

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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 (2022)

Revenue Breakdown

Contributions & Grants $4,750
Program Service Revenue $407,214
Investment Income $0
Other Revenue $-89,627
TOTAL REVENUE $322,337

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $223,733
Other Expenses $223,733
TOTAL EXPENSES $223,733

Year-over-Year Comparison

2022 2021 Change
Revenue $322,337 $98,056 +2.3%
Expenses $223,733 $77,415 +1.9%
Net Income $98,604 $20,641 +3.8%
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
1
Independent Members
1
Employees
N/A
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICKLAS DUVA PRESIDENT 40.00
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
2022 $322,337 $223,733 $286,096 $98,604
2021 $98,056 $77,415 $187,492 $20,641
2020 $174,734 $159,397 $166,851 $15,337
2019 $253,783 $185,981 $151,514 $67,802
2018 $283,883 $208,671 $83,712 $75,212
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