ITALIAN AMERICAN PROGRESSIVE LEAGUE OF SOUTH PLAINFIELD (EIN 223402978) - 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

1948

Legal Domicile

Phone

9085771820

Tax Period

2024-01-01 to 2024-12-31

ITALIAN AMERICAN PROGRESSIVE LEAGUE OF SOUTH PLAINFIELD, founded in 1948, is a small nonprofit in the Recreation & Sports sector that reported $194K in total revenue in fiscal year 2024.

Mission

ITALIAN-AMERICAN SOCIAL CLUB

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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 $0

Program Service Revenue $136,396

Investment Income $5

Other Revenue $57,492

TOTAL REVENUE $193,893

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $194,187

Other Expenses $212,567

TOTAL EXPENSES $212,567

Year-over-Year Comparison

	2024	2023	Change
Revenue	$193,893	N/A	N/A
Expenses	$212,567	N/A	N/A
Net Income	$-18,674	N/A	N/A

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

N/A

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 CAPPARELLI	President	10.00	Officer	$0	$0	$0
FRANK APPROVATO	Vice President	10.00	Officer	$0	$0	$0
LOU COLICCHIO	Treasurer	10.00	Officer	$0	$0	$0
KEN BETHCLE	Secretary	10.00	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	$193,893	$212,567	$235,962	$-18,674
2021	$225,517	$231,720	$292,942	$-6,203
2020	$195,917	$200,079	$299,302	$-4,162
2019	$267,009	$248,128	$303,460	$18,881
2018	$235,672	$202,511	$284,498	$33,161

ITALIAN AMERICAN PROGRESSIVE LEAGUE OF SOUTH PLAINFIELD