SPOLETO STUDY ABROAD

EIN: 311539757 501(c)(3) International Affairs

DURHAM, NC

Total Revenue
$495,715
Total Expenses
$349,306
Total Assets
$2,080,928
Net Assets
$1,885,825
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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
1997
Legal Domicile
NC
Principal Officer
LORENZO MUTI
Phone
8436960937
Tax Period
2024-07-01 to 2025-06-30

SPOLETO STUDY ABROAD, founded in 1997, is a small nonprofit in the International Affairs sector that reported $496K in total revenue in fiscal year 2024. Revenue fell 53% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $146K, a strong 30% operating margin.

Mission

PROVIDE STUDENT SUMMER STUDY PROGRAM AND EDUCATOR ENRICHMENT OPPORTUNITIES THROUGH EXPOSURE TO THE HISTORICAL, ARCHITECTURAL AND CULTURAL RICHES OF THE ARTS AND HUMANITIES IN ITALY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $20,486
Program Service Revenue $473,005
Investment Income $29,966
Other Revenue $-27,742
TOTAL REVENUE $495,715

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $230,307
Other Expenses $349,306
TOTAL EXPENSES $349,306

Year-over-Year Comparison

2024 2023 Change
Revenue $495,715 $1,049,425 -0.5%
Expenses $349,306 $307,869 +0.1%
Net Income $146,409 $741,556 -0.8%
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

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Governance

Voting Members
13
Independent Members
11
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
2
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LORENZO MUTI CO-DIRECTOR 1.00
Officer Director
$0 $0 $0
JILL MUTI CO-DIRECTOR 1.00
Officer Director
$0 $0 $0
ANTHONY SGRO BOARD PRESIDENT 0.50
Director
$0 $0 $0
KEVIN MACNEIL DIRECTOR 0.50
Director
$0 $0 $0
CYNTHIA LANDVATER DIRECTOR 0.50
Director
$0 $0 $0
ANNE CRAVER DIRECTOR 0.50
Director
$0 $0 $0
JUDITH YARBROUGH SECRETARY 0.50
Director
$0 $0 $0
KAREN PHILLIPS DIRECTOR 0.50
Director
$0 $0 $0
TALMADGE MANGUM DIRECTOR 0.50
Director
$0 $0 $0
ANNA WHITE HOSEA DIRECTOR 0.50
Director
$0 $0 $0
JONATHAN D COHEN DIRECTOR 0.50
Director
$0 $0 $0
THOMAS MORRIS DIRECTOR 0.50
Director
$0 $0 $0
SARAH SPRINKLE DIRECTOR 0.50
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
2025 $495,715 $349,306 $2,080,928 $146,409
2024 No data No data No data No data
2023 $469,502 $301,365 $1,971,435 $168,137
2022 $202,983 $163,226 $1,872,261 $39,757
2021 $-19,015 $96,172 $1,860,795 $-115,187
2020 $123,878 $184,848 $1,935,918 $-60,970
2019 $448,761 $331,194 $1,900,313 $117,567
2018 $493,031 $345,602 $795,756 $147,429
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