ASSOCIAZIONE CULTURALE ITALIANA DI NEW YORK INC (EIN 264316546) - 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

2009

Legal Domicile

Principal Officer

TONY DI PIAZZA

Phone

7188213582

Tax Period

2023-01-01 to 2023-12-31

ASSOCIAZIONE CULTURALE ITALIANA DI NEW YORK INC, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $599K in total revenue in fiscal year 2023. Revenue surged 96% from the prior year, signaling strong growth momentum. The organization ran a surplus of $202K, a strong 34% operating margin.

Mission

The Association is organized exclusively for education of Italian culture, scientific, and charitable purposes, including, for such purposes, the making of distributions to organizations exempt from federal income tax under IRC Section 501(c)(3).

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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 $526,453

Program Service Revenue $62,827

Investment Income $10,085

Other Revenue $0

TOTAL REVENUE $599,365

Expense Breakdown

Grants Paid $55,487

Salaries & Benefits $0

Fundraising Expenses $322,196

Program Expenses $72,661

Other Expenses $342,275

TOTAL EXPENSES $397,762

Year-over-Year Comparison

	2023	2022	Change
Revenue	$599,365	$305,966	+1.0%
Expenses	$397,762	$380,975	+0.0%
Net Income	$201,603	$-75,009	-3.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TONY DI PIAZZA	CHAIRMAN	1.00	Officer	$0	$0	$0
ROBERT D'ANGELO	VICE CHAIRMAN	1.00	Officer	$0	$0	$0
FILIPPO BARONE	VICE CHAIRMAN	1.00	Officer	$0	$0	$0
FRANK ALESCI	1ST VICE PRESIDENT	1.00	Officer	$0	$0	$0
GIOVANNI SILVAGNI	2ND VICE PRESIDENT	1.00	Officer	$0	$0	$0
JACK CALIENDO	SECRETARY	1.00	Officer	$0	$0	$0
JOE NASTASI	PUBLIC RELATIONS	1.00	Officer	$0	$0	$0
JOSEPH D'ALLEVA	TREASURER	1.00	Officer	$0	$0	$0
TONY MULE	PRESIDENT	1.00	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	$599,365	$397,762	$559,201	$201,603
2022	$305,966	$380,975	$357,598	$-75,009
2021	$168,853	$162,297	$432,607	$6,556
2020	$283,099	$152,827	$426,051	$130,272
2019	$413,598	$206,607	$295,779	$206,991

ASSOCIAZIONE CULTURALE ITALIANA DI NEW YORK INC