SAVE VENICE INC

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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

1971

Legal Domicile

Principal Officer

JEFFREY BOLTON

Phone

2127373141

Tax Period

2023-01-01 to 2023-12-31

SAVE VENICE INC, founded in 1971, is a community nonprofit in the International Affairs sector that reported $3.6M in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $4.7M exceeded revenue, resulting in a 31% operating deficit.

Mission

THE MISSION OF SAVE VENICE IS TO PRESERVE, PROTECT, AND PROMOTE THE ARTISTIC HERITAGE OF VENICE, ITALY. SAVE VENICE RAISES FUNDS TO FINANCE ART CONSERVATION AND ALSO PROVIDES GRANTS FOR EDUCATIONAL INITIATIVES TO ADVANCE VENETIAN SCHOLARSHIP AND CONSERVATION.

Program Service Accomplishments

Program 1

Expenses: $3,789,561

SAVE VENICE, INC., RAISES FUNDS TO RESTORE ART WORKS AND ARCHITECTURE IN VENICE, ITALY. IN 2023, SAVE VENICE PROVIDED FUNDING TO RESTORE OVER 45 WORKS OF ART RANGING FROM PAINTINGS, MOSAICS...

SAVE VENICE, INC., RAISES FUNDS TO RESTORE ART WORKS AND ARCHITECTURE IN VENICE, ITALY. IN 2023, SAVE VENICE PROVIDED FUNDING TO RESTORE OVER 45 WORKS OF ART RANGING FROM PAINTINGS, MOSAICS, FRESCOES, SCULPTURES, PRINTS AND DRAWINGS TO STUCCO WORK AND THE JEWISH CEMETARY ON THE LIDO AS WELL AS EDUCATIONAL INITIATIVES INCLUDING RESEARCH FELLOWSHIPS AND SUPPORT FOR CONFERENCES, PUBLICATIONS, EXHIBITIONS AND EXHIBITION CATALOGUES.

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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 $3,405,379

Program Service Revenue $0

Investment Income $311,575

Other Revenue $-150,697

TOTAL REVENUE $3,566,257

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,089,007

Fundraising Expenses $422,153

Program Expenses $3,789,561

Other Expenses $3,598,111

TOTAL EXPENSES $4,687,118

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,566,257	$6,780,618	-0.5%
Expenses	$4,687,118	$3,661,087	+0.3%
Net Income	$-1,120,861	$3,119,531	-1.4%

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

$241,294

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FREDERICK ILCHMAN	CHAIRMAN	8.00	Officer Director	$0	$0	$0
CHARLES TOLBERT	PRESIDENT	8.00	Officer Director	$0	$0	$0
ALBERTO NARDI	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LAUREN SANTO DOMINGO	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARTHA STIRES WRIGHT	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
TINA WALLS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFFREY BOLTON	TREASURER	2.00	Officer Director	$0	$0	$0
TIA FURHMANN CHAPMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRISTOPHER APOSTLE	PROJECT DIRECTOR	3.00	Director	$0	$0	$0
MOLLIE RUPRECT ACQUAVELLA	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD ALMEIDA	BOARD MEMBER	1.00	Director	$0	$0	$0
CLAIRE BARRY	BOARD MEMBER	1.00	Director	$0	$0	$0
FRANCESCA BORTOLOTTO POSSATI	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICIA FORTINI BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
ANTHONY G CAPUANO	BOARD MEMBER	1.00	Director	$0	$0	$0
TRACY E COOPER	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
CD DICKERSON III	BOARD MEMBER	1.00	Director	$0	$0	$0
LEE ESSEX DOYLE	BOARD MEMBER	1.00	Director	$0	$0	$0
ADELINA WONG ETTELSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN LEOPOLDO FIORILLA DI SANTA CRO	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNE FITZPATRICK	BOARD MEMBER	1.00	Director	$0	$0	$0
FERIGO FOSCARI	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVIDE GASPAROTTO	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY HARMON	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNE HAWLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREW JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
DAYSSI OLARTE DE KANAVOS	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH LOCKE	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSE ROBERT LOVEJOY	BOARD MEMBER	1.00	Director	$0	$0	$0
PROF SARAH BLAKE MCHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY KATHRYN NAVAB	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY ELLEN MEEHAN OLDENBURG	BOARD MEMBER	1.00	Director	$0	$0	$0
JUAN M PRIETO	BOARD MEMBER	1.00	Director	$0	$0	$0
TRACEY ROBERTS	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEXANDRA LIND ROSE	BOARD MEMBER	1.00	Director	$0	$0	$0
BEATRICE ROSSI-LANDI	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH O RUBINELLI JR	BOARD MEMBER	1.00	Director	$0	$0	$0
GEORGE M RUDENAUER	BOARD MEMBER	1.00	Director	$0	$0	$0
XAVIER F SALOMON	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES THOMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
BARA TISCH	BOARD MEMBER	1.00	Director	$0	$0	$0
IRINA TOLSTOY	BOARD MEMBER	1.00	Director	$0	$0	$0
LIZZIE DA TRINDADE-ASHER	BOARD MEMBER	1.00	Director	$0	$0	$0
GEORGE C WHITE	BOARD MEMBER	1.00	Director	$0	$0	$0
FRED WILSON	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY GROSS	EXECUTIVE DIRECTOR; EX OFFICIO DIRECTOR	40.00	Director	$210,000	$31,294	$241,294
RANDOLPH H GUTHRIE	CHAIRMAN EMERITUS	1.00	Director	$0	$0	$0
TERRY STANFILL	PRESIDENT EMERITUS	1.00	Director	$0	$0	$0
LAURA MAIOLOGLIO BLOBEL	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
BEATRICE H GUTHRIE	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
BEATRICE DE SANTO DOMINGO	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
MATTHEW WHITE	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
JEREMY IRONS	HONORARY DIRECTOR	1.00	Director	$0	$0	$0
JON LANDAU	HONORARY DIRECTOR	1.00	Director	$0	$0	$0
DR FREDERIK PAULSEN	HONORARY DIRECTOR	1.00	Director	$0	$0	$0
RICHARD K RIESS	HONORARY DIRECTOR	1.00	Director	$0	$0	$0
PHILIP RYLANDS	HONORARY DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$3,566,257	$4,687,118	$11,221,446	$-1,120,861
2022	$6,780,618	$3,661,087	$10,854,062	$3,119,531
2021	$4,084,085	$2,840,403	$9,102,042	$1,243,682
2020	$3,408,810	$3,600,336	$8,134,428	$-191,526
2019	$4,359,993	$3,050,820	$7,993,794	$1,309,173
2018	$2,966,610	$2,800,154	$5,823,755	$166,456