FELITTESE ASSOCIATION INC

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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

1987

Legal Domicile

Principal Officer

LOUIS A MAZZA

Phone

5704574312

Tax Period

2022-01-01 to 2022-12-31

FELITTESE ASSOCIATION INC, founded in 1987, is a micro nonprofit that reported $22K in total revenue in fiscal year 2022. Revenue fell 41% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $6K, a strong 28% operating margin.

Mission

Foster understanding of our Italian Heritage, customs, etc Conduct annual ethnic food festival Monetary donations to organizations helping kids, community and church

Program Service Accomplishments

Program 1

Expenses: $11,103

Cash grants to local non profits, local religious organizations and student scholarships

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,660

Program Service Revenue $0

Investment Income $77

Other Revenue $20,544

TOTAL REVENUE $22,281

Expense Breakdown

Grants Paid $11,103

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $11,103

Other Expenses $4,925

TOTAL EXPENSES $16,028

Year-over-Year Comparison

	2022	2021	Change
Revenue	$22,281	$37,845	-0.4%
Expenses	$16,028	$12,811	+0.3%
Net Income	$6,253	$25,034	-0.8%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

100

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
CHRISTINA MORDENTE-GIBSON	PRESIDENT	N/A	Officer Director	$0	$0	$0
JEFFREY AULISIO	VICE PRESIDENT	N/A	Officer	$0	$0	$0
RAYMOND RINALDI	SECRETARY	N/A	Officer	$0	$0	$0
LOUIS A MAZZA	TREASURER	N/A	Officer Director	$0	$0	$0
ROBERT MARIOTTI	DIRECTOR	N/A	Director	$0	$0	$0
JOHN C SALESKI	DIRECTOR	N/A	Director	$0	$0	$0
JOANN GRAZIANO	DIRECTOR	N/A	Director	$0	$0	$0
JOANNA REVIELLO	DIRECTOR	N/A	Director	$0	$0	$0
PATRICIA NEE	DIRECTOR	N/A	Director	$0	$0	$0
JOSEPH TERRUSO	DIRECTOR	N/A	Director	$0	$0	$0
BRIAN GUIDA	DIRECTOR	N/A	Director	$0	$0	$0
CHRISTOPHER GUIDA	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL BARTOLETTI	DIRECTOR	N/A	Director	$0	$0	$0
DENISE RINALDI	DIRECTOR	N/A	Director	$0	$0	$0
DUANE S ARMITAGE	DIRECTOR	N/A	Director	$0	$0	$0
LAURIE BREZA	DIRECTOR	N/A	Director	$0	$0	$0
ROBERT SCHIAVO	DIRECTOR	N/A	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
2022	$22,281	$16,028	$92,463	$6,253