FILITALIA FOUNDATION

🔒

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

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

TO PRESERVE THE HISTORY AND HERITAGE OF THE ITALIAN-AMERICAN COMMUNITY

Program Service Accomplishments

Program 1

Expenses: $17,412 Revenue: $11,416

THE HISTORY OF ITALIAN IMMIGRATION MUSEUM WAS OPENED IN 2014 TO PRESERVE THE HISTORY OF THE ITALIAN-AMERICAN COMMUNITY. IT IS OPEN TO THE PUBLIC 4 DAYS A WEEK. MEMBERSHIPS ARE ALSO AVAILABLE FOR...

THE HISTORY OF ITALIAN IMMIGRATION MUSEUM WAS OPENED IN 2014 TO PRESERVE THE HISTORY OF THE ITALIAN-AMERICAN COMMUNITY. IT IS OPEN TO THE PUBLIC 4 DAYS A WEEK. MEMBERSHIPS ARE ALSO AVAILABLE FOR PURCHASE. MUSEUM COLLECTIONS INCLUDE MATERIAL TO ILLUSTRATE THE HISTORY OF THE EARLIEST ITALIAN IMMIGRANTS, INCLUDING LIFE BEFORE IMMIGRATION, TRAVEL TO AMERICA, AND LIFE IN AMERICA, AS WELL AS REPRESENTATIONS OF SUBSEQUENT GENERATIONS OF ITALIAN-AMERICANS REFLECTIVE OF THEIR ACHIEVEMENTS, TIES TO ITALIAN TRADITIONS AND EFFORT TO MAINTAIN EXPRESSIONS OF THEIR ITALIAN HERITAGE.

🔒

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 $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

🔒

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

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