Italian Mutual Beneficial Society (EIN 250571035) - 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

1910

Legal Domicile

Principal Officer

Nicole Tome

Tax Period

2023-01-01 to 2023-12-31

Italian Mutual Beneficial Society, founded in 1910, is a micro nonprofit that reported $79K in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $91K exceeded revenue, resulting in a 16% operating deficit.

Mission

Fraternal Association

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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 $5,625

Program Service Revenue $0

Investment Income $3

Other Revenue $73,089

TOTAL REVENUE $78,717

Expense Breakdown

Grants Paid $595

Salaries & Benefits $38,158

Fundraising Expenses $0

Program Expenses $91,436

Other Expenses $52,683

TOTAL EXPENSES $91,436

Year-over-Year Comparison

	2023	2022	Change
Revenue	$78,717	$53,308	+0.5%
Expenses	$91,436	$87,619	+0.0%
Net Income	$-12,719	$-34,311	-0.6%

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

257

Independent Members

253

Employees

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

$22,100

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nicole Tome	Steward	40.00	Officer	$22,100	$0	$22,100
Suzanne L Piccard	Treasurer	10.00	Officer	$0	$0	$0
Rocco Cersosimo	Secretary	10.00	Officer	$0	$0	$0
Steve Lasser	President	10.00	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	No data	No data	No data	No data
2023	$78,717	$91,436	$30,324	$-12,719
2022	$53,308	$87,619	$47,681	$-34,311
2021	$140,090	$128,613	$184,820	$11,477

Italian Mutual Beneficial Society