LA NUOVA AURORA SOCIETY INC (EIN 250606013) - 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

2016

Legal Domicile

Principal Officer

LANCE URRARO

Phone

8144553841

Tax Period

2023-01-01 to 2023-12-31

LA NUOVA AURORA SOCIETY INC, founded in 2016, is a small nonprofit in the Recreation & Sports sector that reported $479K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $456K left a modest 5% surplus.

Mission

TO HONOR AND SUPPORT THE CULTURE AND TRADITIONS OF THE GROWING ITALIAN COMMUNITY IN ERIE AND THE SURROUNDING AREAS.

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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 $0

Program Service Revenue $158,194

Investment Income $13

Other Revenue $320,719

TOTAL REVENUE $478,926

Expense Breakdown

Grants Paid $0

Salaries & Benefits $259,897

Fundraising Expenses $0

Other Expenses $195,962

TOTAL EXPENSES $455,859

Year-over-Year Comparison

	2023	2022	Change
Revenue	$478,926	$409,316	+0.2%
Expenses	$455,859	$346,991	+0.3%
Net Income	$23,067	$62,325	-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

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

$8,188

Total Directors

$8,188

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WALTER BROWN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
VIRGINIA VOMMERO	TREASURER	20.00	Officer Director	$7,450	$0	$7,450
MELINDA CALAO	RECORDING SECRETARY	2.00	Officer Director	$0	$0	$0
JOE PONTILLO	CONTROLLER	4.00	Director	$0	$0	$0
MICHAEL DEDAD	ASSISTANT CONTROLLER	2.00	Director	$0	$0	$0
ANDREA LUCAROTTI	TRUSTEE	2.00	Director	$0	$0	$0
CAROLYN VENDETTI	TRUSTEE	2.00	Director	$0	$0	$0
SAL ZEOLLA	TRUSTEE	2.00	Director	$0	$0	$0
ANN CHIDO	TRUSTEE	2.00	Director	$0	$0	$0
DEBBIE POSTAS	SARGENT AT ARMS	2.00	Director	$0	$0	$0
LOUANN DEPALMA	ASSISTANT CONTROLLER	10.00	Director	$0	$0	$0
CHRISTINE CASERTA	FINANCIAL SECRETARY	4.00	Officer Director	$738	$0	$738
KAREN LAPAGLIA	TRUSTEE	2.00	Director	$0	$0	$0
LANCE URRARO	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	$478,926	$455,859	$238,035	$23,067
2022	$409,316	$346,991	$222,672	$62,325
2021	$282,922	$265,180	$166,651	$17,742
2020	$175,835	$228,789	$120,120	$-52,954
2019	$335,327	$261,034	$175,269	$74,293
2018	$271,459	$239,202	$118,908	$32,257

LA NUOVA AURORA SOCIETY INC