FILITALIA INTERNATIONAL FKA FILITALIA INC

EIN: 232661809 Arts, Culture & Humanities

PHILADELPHIA, PA

Total Revenue
$93,170
Total Expenses
$120,630
Total Assets
$557,160
Net Assets
$521,088
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
PA
Principal Officer
SAVERIO NESTICO
Phone
2153348882
Tax Period
2023-01-01 to 2023-12-31

FILITALIA INTERNATIONAL FKA FILITALIA INC, founded in 1987, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $93K in total revenue in fiscal year 2023. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $121K exceeded revenue, resulting in a 29% operating deficit.

Mission

FILITALIA INTERNATIONAL EXISITS TO PRESERVE AND DEFEND THE ITALIAN HERITAGE AND CULTURE BY ENCOURAGING THE STUDY OF THE ITALIAN LANGUAGE AND PROVIDING EDUCATIONAL EVENTS FOR THE COMMUNITY

Program Service Accomplishments

Program 1
Expenses: $27,522 Revenue: $2,100

SCHOLARSHIPS - VARIOUS SCHOLARSHIPS OFFERED TO MEMBERS AND NON-MEMBERS STUDYING THE ITALIAN LANGUAGE

Program 2
Expenses: $10,184 Revenue: $12,776

ITALIAN CLASSES - VARYING LEVELS OF ITALIAN LANGUAGE CLASSES OFFERED TO THE COMMUNITY

Program 3
Expenses: $21,000 Revenue: $20,203

ENTE PROMOTORE - WORKING IN CONJUNCTION WITH THE CONSUL GENERAL OF ITALY TO EXPAND THE AVAILABILITY AND QUALITY OF ITALIAN LANGUAGE INSTRUCTION

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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 (2023)

Revenue Breakdown

Contributions & Grants $37,975
Program Service Revenue $48,530
Investment Income $8,557
Other Revenue $-1,892
TOTAL REVENUE $93,170

Expense Breakdown

Grants Paid $0
Salaries & Benefits $50,078
Fundraising Expenses $16,741
Program Expenses $58,706
Other Expenses $70,552
TOTAL EXPENSES $120,630

Year-over-Year Comparison

2023 2022 Change
Revenue $93,170 $166,519 -0.4%
Expenses $120,630 $195,318 -0.4%
Net Income $-27,460 $-28,799 0.0%
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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Governance

Voting Members
31
Independent Members
31
Employees
2
Volunteers
40

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
14
$46,550
Total Directors
31
$46,550
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TRISH VOLPE EXECUTIVE DIRECTOR 25.00
Officer Director
$31,650 $0 $31,650
PINA FRATAMICO BOARD MEMBER 5.00
Director
$0 $0 $0
ANNA DI NARDO BOARD MEMBER 5.00
Director
$0 $0 $0
JOSEPH CAVUTO BOARD MEMBER 5.00
Director
$0 $0 $0
MARTIN BELISARIO BOARD MEMBER 5.00
Director
$0 $0 $0
ANTHONY MALLACE FINANCE 10.00
Officer Director
$0 $0 $0
ERNEST DI FILIPPO AUDITOR 10.00
Officer Director
$0 $0 $0
JAMES LARDANI LEGAL COUNSEL 10.00
Officer Director
$0 $0 $0
ALIDA MIRARCHI SECRETARY 10.00
Officer Director
$0 $0 $0
GIANFRANCO BUONAMICI TREASURER 10.00
Officer Director
$0 $0 $0
JANIS MORELLI 2ND VICE PRESIDENT 10.00
Officer Director
$0 $0 $0
ROBERT PETRONE 1ST VICE PRESIDENT 10.00
Officer Director
$0 $0 $0
ROSETTA MIRIELLO PAST PRESIDENT 20.00
Officer Director
$0 $0 $0
MARC VIRGA PAST PRESIDENT 10.00
Officer Director
$0 $0 $0
PAULA BONAVITACOLA IMMEDIATE PAST PRESIDENT 20.00
Officer Director
$0 $0 $0
PASQUALE F NESTICO FOUNDER/PRESIDENT EMERITUS 20.00
Officer Director
$0 $0 $0
SAVERIO NESTICO PRESIDENT 20.00
Officer Director
$0 $0 $0
NICHOLAS SANTANGELO ASST. EXEC. DIRECTOR 20.00
Officer Director
$14,900 $0 $14,900
MARIO PRESTA BOARD MEMBER 5.00
Director
$0 $0 $0
VINCENT RIZZUTO BOARD MEMBER 5.00
Director
$0 $0 $0
ALESSANDRO SPARACIO BOARD MEMBER 5.00
Director
$0 $0 $0
MARIO FERRAGUTI CHAPTER PRESIDENT 5.00
Director
$0 $0 $0
ELIZABETH PEASE CHAPTER PRESIDENT 5.00
Director
$0 $0 $0
FRANK CERASO JR CHAPTER PRESIDENT 5.00
Director
$0 $0 $0
CONNIE MANTILLA CHAPTER PRESIDENT 5.00
Director
$0 $0 $0
MARIA SANTORO CHAPTER PRESIDENT 5.00
Director
$0 $0 $0
ANTONIO PAESANO CHAPTER PRESIDENT 5.00
Director
$0 $0 $0
BRUNO COLELLA CHAPTER PRESIDENT 5.00
Director
$0 $0 $0
JOSEPH ELIA JR CHAPTER PRESIDENT 5.00
Director
$0 $0 $0
DOMINIC ROSSI CHAPTER PRESIDENT 5.00
Director
$0 $0 $0
ANTHONY MIRARCHI CHAPTER PRESIDENT 5.00
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
2023 $93,170 $120,630 $557,160 $-27,460
2022 $166,519 $195,318 $485,435 $-28,799
2020 $91,373 $110,122 $520,929 $-18,749
2019 $67,280 $93,803 $505,736 $-26,523
2018 $107,917 $138,875 $453,319 $-30,958
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