FILITALIA INTERNATIONAL FKA FILITALIA INC (EIN 232661809) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1987

Legal Domicile

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 EXISTS TO PRESERVE AND DEFEND THE ITALIAN HERITAGE AND CULTURE BY ENCOURAGING THE STUDY OF THE ITALIAN LANGUAGE AND PROVIDING EDUCATIONAL EVENTS FOR THE COMMUNITY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$46,550

Total Directors

$46,550

Key Employees

Highest Compensated

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

FILITALIA INTERNATIONAL FKA FILITALIA INC