Sons of Italy in America dba Due Palme 189 (EIN 250903207) - 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

1950

Legal Domicile

Principal Officer

Don Catalano

Phone

8147659925

Tax Period

2024-07-01 to 2025-06-30

Sons of Italy in America dba Due Palme 189, founded in 1950, is a small nonprofit that reported $186K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $251K exceeded revenue, resulting in a 35% operating deficit.

Mission

Sons of Italy in America d/b/a Due Palme 189 is a local chapter of the Order of the Sons of Italy in America. The Order's mission is to encourage the study of the Italian language and culture in the United States.

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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 $0

Program Service Revenue $15,214

Investment Income $0

Other Revenue $170,603

TOTAL REVENUE $185,817

Expense Breakdown

Grants Paid $4,699

Salaries & Benefits $113,766

Fundraising Expenses $0

Program Expenses $228,162

Other Expenses $132,635

TOTAL EXPENSES $251,100

Year-over-Year Comparison

	2024	2023	Change
Revenue	$185,817	$217,224	-0.1%
Expenses	$251,100	$244,858	+0.0%
Net Income	$-65,283	$-27,634	+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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stephen Mollica	Vice President	0.00	Officer Director	$0	$0	$0
Don Catalano	President	5.00	Officer Director	$0	$0	$0
Debbi Mollica	Rec. Secretary	0.00	Officer Director	$0	$0	$0
Tony Puccio	Trustee	0.00	Director	$0	$0	$0
Willie Null	Fin Secretary	0.00	Officer Director	$0	$0	$0
Jody Vezza	Trustee	0.00	Director	$0	$0	$0
Jack Unch	Trustee	0.00	Director	$0	$0	$0
Rosalie Cardinale Reid	Trustee	0.00	Director	$0	$0	$0
Lou Lafuria	Trustee	0.00	Director	$0	$0	$0
Susan Vitullo	Orator	5.00	Officer	$0	$0	$0
Becky Hummel	Historian	0.00	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
2025	$185,817	$251,100	$229,803	$-65,283
2024	$217,224	$244,858	$296,408	$-27,634
2023	$204,764	$226,810	$225,783	$-22,046
2022	$251,284	$228,527	$247,726	$22,757
2021	$197,964	$144,404	$233,748	$53,560
2020	$190,253	$197,063	$192,105	$-6,810
2019	$152,932	$167,249	$176,325	$-14,317

Sons of Italy in America dba Due Palme 189