ITALIAN AMERICAN ASSOCIATION (EIN 222567873) - 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

2000

Legal Domicile

Principal Officer

JAMES SICILIANO

Phone

7322229750

Tax Period

2024-01-01 to 2024-12-31

ITALIAN AMERICAN ASSOCIATION, founded in 2000, is a micro nonprofit that reported $93K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $124K exceeded revenue, resulting in a 34% operating deficit.

Mission

SERVICE TO THE YOUTH AND COMMUNITY AT LARGE INCLUDING SCHOLARSHIPS YOUTH ACTIVITIES AND DONATIONS

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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 $5,000

Program Service Revenue $35,985

Investment Income $23

Other Revenue $51,852

TOTAL REVENUE $92,860

Expense Breakdown

Grants Paid $395

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $19,920

Other Expenses $123,702

TOTAL EXPENSES $124,097

Year-over-Year Comparison

	2024	2023	Change
Revenue	$92,860	$98,355	-0.1%
Expenses	$124,097	$131,531	-0.1%
Net Income	$-31,237	$-33,176	-0.1%

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

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
STEVE SICILIANO	PRESIDENT	20.00	Officer	$0	$0	$0
JAMES SICILIANO	VICE PRESIDENT	20.00	Officer	$0	$0	$0
SHIRLEY LAUGELLI	TREASURER	20.00	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
2024	$92,860	$124,097	$95,150	$-31,237
2023	$98,355	$131,531	$125,845	$-33,176
2020	$63,046	$76,400	No data	$-13,354
2019	$158,282	$143,346	$150,489	$14,936
2018	$129,644	$129,728	$131,578	$-84

ITALIAN AMERICAN ASSOCIATION