CLUB CULTURALE ITALIANO 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

1974

Legal Domicile

Principal Officer

JOE SANTANGELO

Phone

5052288724

Tax Period

2021-01-01 to 2021-12-31

CLUB CULTURALE ITALIANO INC, founded in 1974, is a small nonprofit in the Arts, Culture & Humanities sector that reported $145K in total revenue in fiscal year 2021.

Mission

TO PROMOTE ITALIAN CULTURE, HERITAGE & TRADITIONS.

Program Service Accomplishments

Program 1

Expenses: $224

TO PROMOTE AND ENCOURAGE PARTICIPATION IN THE ITALIAN CULTURE AND THE INFLUENCES OF ITALIAN HERITAGE AND TRADITIONS. THE ORGANIZATION OFFERS MEMBER EVENTS AND OTHER ACTIVITIES WHICH ARE ALSO OPEN TO THE PUBLIC. DUE TO COVID-19 RESTRICTIONS AND MEMBER AGE GROUP, ONLY ONE EVENT WAS OFFERED IN 2021.

Program 2

Expenses: $153,500

DONATIONS TO VARIOUS 501(C)(3) ORGANIZATIONS THAT SUPPORT/BENEFIT THE ALBUQUERQUE COMMUNITY, CHILDREN'S HEALTH, AND CONTINUE THE ORGANIZATION'S VALUES INTO PERPETUITY THROUGH AN ENDOWMENT.

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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 (2021)

Revenue Breakdown

Contributions & Grants $100

Program Service Revenue $0

Investment Income $145,366

Other Revenue $0

TOTAL REVENUE $145,466

Expense Breakdown

Grants Paid $153,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $153,724

Other Expenses $371

TOTAL EXPENSES $153,871

Year-over-Year Comparison

	2021	2020	Change
Revenue	$145,466	N/A	N/A
Expenses	$153,871	N/A	N/A
Net Income	$-8,405	$0	N/A

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

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
JOE SANTANGELO	PRESIDENT	0.50	Officer Director	$0	$0	$0
JOSEPHINE CORACI	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
ANNA SANTANGELO	TREASURER	0.50	Officer Director	$0	$0	$0
JOANN ZITO	BOARD CHAIR	0.50	Director	$0	$0	$0
MARIA MATONTI	DIRECTOR	0.50	Director	$0	$0	$0
GERALDINE LEPORE	DIRECTOR	0.50	Director	$0	$0	$0
ROSALBA MANIACI	DIRECTOR	0.50	Director	$0	$0	$0
LYNNE PECKINPAUGH	DIRECTOR	0.50	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
2021	$145,466	$153,871	$80,859	$-8,405