Pittsburgh Italian Scholarship Fund (EIN 251464128) - 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

1985

Legal Domicile

Principal Officer

MARK BALISTRIERI

Phone

4129805679

Tax Period

2024-01-01 to 2024-12-31

Pittsburgh Italian Scholarship Fund, founded in 1985, is a micro nonprofit that reported $62K in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $105K exceeded revenue, resulting in a 70% operating deficit.

Mission

THE PROMOTION OF EDUCATION AND RELIEF OF POVERTY BY PROVIDING SCHOLARSHIPFUNDS TO HIGH SCHOOL AND COLLEGE GRADUATES OF ITALIAN DESCENT TO ATTENDINSTITUTIONS OF HIGHER LEARNING.

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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 $91,500

Program Service Revenue $0

Investment Income $53

Other Revenue $-29,837

TOTAL REVENUE $61,716

Expense Breakdown

Grants Paid $97,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $97,000

Other Expenses $7,615

TOTAL EXPENSES $104,615

Year-over-Year Comparison

	2024	2023	Change
Revenue	$61,716	$77,522	-0.2%
Expenses	$104,615	$104,219	+0.0%
Net Income	$-42,899	$-26,697	+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

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	Role	Reportable Comp	Other Comp	Total
ANTOINETTE ACETO	DIRECTOR	Director	$0	$0	$0
VON CAMPANELLA	DIRECTOR	Director	$0	$0	$0
LOUIS CAPUTO	COUNSEL	Director	$0	$0	$0
VINCE DELUZIO	DIRECTOR	Director	$0	$0	$0
KEN MARINO	DIRECTOR	Director	$0	$0	$0
CHARLENE PETRELLI	DIRECTOR	Director	$0	$0	$0
WILLIAM TALERICO	DIRECTOR	Director	$0	$0	$0
DOMENIC VALORE	DIRECTOR	Director	$0	$0	$0
MARK BALISTRIERI	PRESIDENT	Officer Director	$0	$0	$0
ROBERT BUZELLI	TREASURER	Officer Director	$0	$0	$0
BEN DEL-PRINCE	1ST VICE-PRESIDENT	Officer Director	$0	$0	$0
JOSEPH SCARPO JR	EXECUTIVE VICE-PRESIDENT	Officer 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	$61,716	$104,615	$171,619	$-42,899
2023	$77,522	$104,219	$216,518	$-26,697
2022	$112,930	$78,356	$239,215	$34,574
2021	$47,629	$126,284	$232,641	$-78,655
2020	$55,137	$94,342	$313,296	$-39,205
2019	$93,587	$110,132	$380,501	$-16,545
2018	$88,175	$158,832	$418,046	$-70,657

Pittsburgh Italian Scholarship Fund