FILITALIA FOUNDATION (EIN 232949486) - 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

1998

Legal Domicile

Principal Officer

PASQUALE F NESTICO

Phone

2153348882

Tax Period

2023-01-01 to 2023-12-31

FILITALIA FOUNDATION, founded in 1998, is a micro nonprofit in the Education sector that reported $10K in total revenue in fiscal year 2023. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $36K exceeded revenue, resulting in a 261% operating deficit.

Mission

THE HISTORY OF ITALIAN IMMIGRATION MUSEUM EXISTS TO PRESERVE THE TANGIBLE AND INTANGIBLE HERITAGE OF ITALIAN-AMERICANS THROUGH STORIES THAT PERMEATE ALL CULTURES. HIIM CONNECTS THE ITALIAN-AMERICAN COMMUNITY WITH ITS CULTURAL ROOTS AND SHARES THAT HERITAGE WITH PEOPLE OF ALL BACKGROUNDS BY ENGAGING VISITORS IN PARTICIPATORY AND EDUCATIONAL PROGRAMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,550

Program Service Revenue $361

Investment Income $11,055

Other Revenue $-7,993

TOTAL REVENUE $9,973

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $9,516

Program Expenses $17,412

Other Expenses $35,970

TOTAL EXPENSES $35,970

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,973	$39,983	-0.8%
Expenses	$35,970	$49,996	-0.3%
Net Income	$-25,997	$-10,013	+1.6%

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

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
PASQUALE NESTICO	PRESIDENT	2.00	Officer Director	$0	$0	$0
ROSETTA MIRIELLO	VICE PRESIDENT	2.00	Officer 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	$9,973	$35,970	$770,237	$-25,997
2022	$39,983	$49,996	$682,956	$-10,013
2020	$51,986	$52,661	$667,353	$-675
2019	$43,192	$31,490	$598,574	$11,702
2018	$28,607	$29,986	$506,943	$-1,379

FILITALIA FOUNDATION