FOUNDATION FOR ITALIAN ART AND CULTURE- C/O AMERICAN CONTINENTAL PROPERTIES LLC (EIN 320081843) - 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

2004

Legal Domicile

Principal Officer

ANGIE LO

Phone

2129801755

Tax Period

2023-01-01 to 2023-12-31

FOUNDATION FOR ITALIAN ART AND CULTURE- C/O AMERICAN CONTINENTAL PROPERTIES LLC, founded in 2004, is a small nonprofit in the Education sector that reported $277K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $77K, a strong 28% operating margin.

Mission

TO SPREAD ITALIAN 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 (2023)

Revenue Breakdown

Contributions & Grants $261,600

Program Service Revenue $0

Investment Income $15,332

Other Revenue $0

TOTAL REVENUE $276,932

Expense Breakdown

Grants Paid $0

Salaries & Benefits $64,462

Fundraising Expenses $5,526

Program Expenses $189,344

Other Expenses $135,933

TOTAL EXPENSES $200,395

Year-over-Year Comparison

	2023	2022	Change
Revenue	$276,932	$295,183	-0.1%
Expenses	$200,395	$197,344	+0.0%
Net Income	$76,537	$97,839	-0.2%

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

$64,167

Total Directors

$64,167

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAIN EKANN	PRESIDENT	1.00	Officer Director	$0	$0	$0
AMB DANIELE BODINI	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ANGIE LO	TREASURER	1.00	Officer Director	$0	$0	$0
WILLIAM B ACQUAVELLA	DIRECTOR	1.00	Director	$0	$0	$0
FRANCESCA BODINI	DIRECTOR	1.00	Director	$0	$0	$0
CARLO CLAVERINO	DIRECTOR	1.00	Director	$0	$0	$0
JOHN DYSON	DIRECTOR	1.00	Director	$0	$0	$0
MASSIMO FERRAGAMO	DIRECTOR	1.00	Director	$0	$0	$0
MARIO GABELLI	DIRECTOR	1.00	Director	$0	$0	$0
DONNA PATRIZIA MEMMO RUSPOLI	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH PERELLA	DIRECTOR	1.00	Director	$0	$0	$0
OLIVIA D'APONTE	EXECUTIVE DIRECTOR	20.00	Officer Director	$64,167	$0	$64,167

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	$276,932	$200,395	$599,757	$76,537
2022	$295,183	$197,344	$510,196	$97,839
2021	$48,807	$121,314	$407,893	$-72,507
2020	$211,215	$169,120	$479,949	$42,095
2019	$254,923	$253,621	$443,530	$1,302
2018	$248,681	$244,279	$436,552	$4,402

FOUNDATION FOR ITALIAN ART AND CULTURE- C/O AMERICAN CONTINENTAL PROPERTIES LLC