ITALIAN AMERICAN WAR VETERANS US (EIN 237116992) - 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

1928

Legal Domicile

Principal Officer

MICHAEL LETIZIA

Phone

3154240161

Tax Period

2024-07-01 to 2025-06-30

ITALIAN AMERICAN WAR VETERANS US, founded in 1928, is a small nonprofit that reported $103K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $119K exceeded revenue, resulting in a 16% operating deficit.

Mission

VETERANS ORGANIZATION

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,176

Program Service Revenue $9,632

Investment Income $2

Other Revenue $88,826

TOTAL REVENUE $102,636

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,003

Fundraising Expenses $0

Other Expenses $89,682

TOTAL EXPENSES $118,685

Year-over-Year Comparison

	2024	2023	Change
Revenue	$102,636	$141,995	-0.3%
Expenses	$118,685	$158,341	-0.3%
Net Income	$-16,049	$-16,346	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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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	Role	Reportable Comp	Other Comp	Total
MICHAEL LETIZIA	COMMANDER	Officer	$0	$0	$0
CHARLES TIPTON	SENIOR VICE	Officer	$0	$0	$0
GINO MONTELEONE	JUNIOR VICE	Officer	$0	$0	$0
LOUIS LRTIZIA	QUARTER MASTER	Officer	$0	$0	$0
RAYMOND WASHINGTON	SGT. AT ARMS	Officer	$0	$0	$0
NONE	CHAPLIN	Officer	$0	$0	$0
MICHAEL PASSARELLI	JUDGE ADVOCATE	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
2025	$102,636	$118,685	No data	$-16,049
2024	$141,995	$158,341	No data	$-16,346
2023	$148,795	$95,247	No data	$53,548
2022	$167,853	$84,317	No data	$83,536
2021	$166,370	$189,288	$39,738	$-22,918

ITALIAN AMERICAN WAR VETERANS US