SONS OF ITALY FOUNDATION (EIN 236276526) - 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

1905

Legal Domicile

Principal Officer

MICHAEL POLO

Tax Period

2023-10-01 to 2024-09-30

SONS OF ITALY FOUNDATION, founded in 1905, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 73% from the prior year, signaling strong growth momentum. The organization ran a surplus of $649K, a strong 38% operating margin.

Mission

SUPPORT EDUCATIONAL, MEDICAL RESEARCH AND CHARITABLE 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 $826,524

Program Service Revenue $501,955

Investment Income $71,279

Other Revenue $321,218

TOTAL REVENUE $1,720,976

Expense Breakdown

Grants Paid $60,000

Salaries & Benefits $222,712

Fundraising Expenses $11,530

Program Expenses $344,191

Other Expenses $789,253

TOTAL EXPENSES $1,071,965

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,720,976	$994,333	+0.7%
Expenses	$1,071,965	$830,525	+0.3%
Net Income	$649,011	$163,808	+3.0%

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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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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH SCIAME	SIF PRESIDEN	10.00	Officer	$0	$0	$0
ROBERT BIANCHI ESQ	VICE CHAIR	2.00	Officer	$0	$0	$0
TONY NACCARATO	SIF TRUSTEE	2.00	Officer Director	$0	$0	$0
JOSEPH RONDINELLI	RECORDING SE	2.00	Officer	$0	$0	$0
VINCENT SARNO	PRESIDENT EM	2.00	Officer	$0	$0	$0
PAUL S POLO	PRESIDENT EM	2.00	Officer	$0	$0	$0
FRANK J PANESSA	TRUSTEE EMER	2.00	Officer Director	$0	$0	$0
JOSEPH CICIPPIO	TRUSTEE EMER	2.00	Officer Director	$0	$0	$0
SALVATORE LANZILOTTA	TRUSTEE EMER	2.00	Officer Director	$0	$0	$0
MARIANNA PRONCIPE O'NEIL	TRUSTEE	2.00	Officer Director	$0	$0	$0
JOANNE L STROLLO	TRUSTEE EMER	2.00	Officer Director	$0	$0	$0
CARLO MATTEUCCI	TRUSTEE EMER	2.00	Officer Director	$0	$0	$0
MICHAEL POLO	CHAIRMAN	2.00	Officer	$0	$0	$0
THOMAS LUPO	VICE PRESIDE	2.00	Officer	$0	$0	$0
LOU SANTORO	FINANCIAL SE	2.00	Officer	$0	$0	$0
ROBERT FERRITO	TREASURER	2.00	Officer	$0	$0	$0
MARIA FASSIO - PIGNATI	TRUSTEE	2.00	Officer Director	$0	$0	$0
ANNE ANNE	TRUSTEE	1.00	Officer Director	$0	$0	$0
PHIL PRIVITERA	TRUSTEE	1.00	Officer Director	$0	$0	$0
CAROL DITRAPANI	TRUSTEE	1.00	Officer Director	$0	$0	$0
ELDORA PERFILIO	TRUSTEE	1.00	Officer Director	$0	$0	$0
MARY KOVACH	TRUSTEE	1.00	Officer Director	$0	$0	$0
JOSEPH DITRAPANI	PRESIDENT EM	1.00	Officer	$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
2024	$1,720,976	$1,071,965	$4,783,957	$649,011
2023	$994,333	$830,525	$3,112,652	$163,808
2022	$1,116,896	$778,599	$3,548,321	$338,297
2021	$903,118	$659,841	$3,002,403	$243,277
2020	$1,763,005	$783,417	$2,717,963	$979,588
2019	$1,409,489	$1,193,989	$1,666,225	$215,500
2018	$657,222	$818,350	$1,635,984	$-161,128

SONS OF ITALY FOUNDATION