SALEM ITALIAN AMERICAN EDUCATIONAL FUND (EIN 316651842) - 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

2001

Legal Domicile

Principal Officer

MARK SABATINO

Phone

3303325919

Tax Period

2023-01-01 to 2023-12-31

SALEM ITALIAN AMERICAN EDUCATIONAL FUND, founded in 2001, is a micro nonprofit in the Education sector that reported $33K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $36K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE SCHOLARSHIPS FOR HIGH SCHOOL SENIORS AND COLLEGE STUDENTS TO FURTHER THEIR EDUCATION AND TO HELP PROVIDE THE YOUTH OF THE AREA ACTIVITIES

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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 $25

Program Service Revenue $0

Investment Income $-8,769

Other Revenue $41,387

TOTAL REVENUE $32,643

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $22,840

Other Expenses $36,299

TOTAL EXPENSES $36,299

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,643	$34,630	-0.1%
Expenses	$36,299	$28,165	+0.3%
Net Income	$-3,656	$6,465	-1.6%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK	SABATINO	10.00	Director	$0	$0	$0
JASON	JULIAN	5.00	Director	$0	$0	$0
ART	JULIAN	1.00	Director	$0	$0	$0
FRANK	ZAMARELLI	1.00	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	No data	No data	No data	No data
2023	$32,643	$36,299	$138,169	$-3,656
2022	$34,630	$28,165	$115,965	$6,465
2021	$68,793	$31,875	$150,160	$36,918
2020	$27,504	$30,568	$136,307	$-3,064

SALEM ITALIAN AMERICAN EDUCATIONAL FUND