SEASIDE ITALIAN AMERICAN CLUB IN (EIN 222137976) - 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

1968

Legal Domicile

Principal Officer

FRANK SKIP SOMMERER

Phone

7326641239

Tax Period

2025-01-01 to 2025-12-31

SEASIDE ITALIAN AMERICAN CLUB IN, founded in 1968, is a small nonprofit in the Human Services sector that reported $159K in total revenue in fiscal year 2025. Expenses of $150K left a modest 6% surplus.

Mission

promotion of education and patriotic goals

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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 (2025)

Revenue Breakdown

Contributions & Grants $33,765

Program Service Revenue $0

Investment Income $4,543

Other Revenue $120,590

TOTAL REVENUE $158,898

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $19,120

Other Expenses $150,077

TOTAL EXPENSES $150,077

Year-over-Year Comparison

	2025	2024	Change
Revenue	$158,898	$155,669	+0.0%
Expenses	$150,077	$120,922	+0.2%
Net Income	$8,821	$34,747	-0.7%

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
FRANK SKIP SOMMERER	PRESIDENT	10	Director	$0	$0	$0
PHIL FACCONE	VICE PRESIDENT	10	Director	$0	$0	$0
FRANK GIANNONE	VICE PRESIDENT FINANCE	10	Director	$0	$0	$0
DAVID LUTES	MEMBERSHIP TREASURER	10	Director	$0	$0	$0
AUDREY CAVALIERE	SECRETARY	10	Director	$0	$0	$0
FRANK AULETTA	CHAIRMAN OF THE BOARD	10	Director	$0	$0	$0
JAY MIZRACHI	2ND VICE PRESIDENT BUILDING GROUNDS	10	Director	$0	$0	$0
TONY ALTILIO	RECORDING SECRETARY	10	Director	$0	$0	$0
PAUL DESILVA	SGT OF ARMS	10	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
2025	$158,898	$150,077	$345,807	$8,821
2024	$155,669	$120,922	$343,415	$34,747
2023	$131,450	$119,317	$315,488	$12,133
2022	$134,031	$121,437	$309,984	$12,594
2021	$172,831	$93,225	$181,916	$79,606
2020	$64,593	$58,767	No data	$5,826

SEASIDE ITALIAN AMERICAN CLUB IN