The Carl Vincent Bini Memorial Fund (EIN 320144539) - 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

Massimo DiDonna

Phone

7184121851

Tax Period

2024-01-01 to 2024-12-31

The Carl Vincent Bini Memorial Fund, founded in 2009, is a small nonprofit in the Public & Societal Benefit sector that reported $345K in total revenue in fiscal year 2024. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $150K, a strong 44% operating margin.

Mission

To provide aid for those in need in our community through scholarships, emergency grants, and special needs assistance in times of crisis. Significant activities include events such as the annual golf tournament that publicizes awarness and fosters donations.

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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 $255,255

Program Service Revenue $0

Investment Income $16,062

Other Revenue $73,612

TOTAL REVENUE $344,929

Expense Breakdown

Grants Paid $44,292

Salaries & Benefits $0

Fundraising Expenses $43,715

Program Expenses $126,200

Other Expenses $150,453

TOTAL EXPENSES $194,745

Year-over-Year Comparison

	2024	2023	Change
Revenue	$344,929	$206,482	+0.7%
Expenses	$194,745	$199,191	0.0%
Net Income	$150,184	$7,291	+19.6%

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

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
Massimo DiDonna	President & Cha	20.00	Officer Director	$0	$0	$0
Desiree DiDonna	Secretary	10.00	Officer Director	$0	$0	$0
Christine Bini	Vice President	10.00	Officer Director	$0	$0	$0
Anthony Gerardi	ADV BoardMember	1.00	Director	$0	$0	$0
Anthony Rapaciuolo	ADV BoardMember	1.00	Director	$0	$0	$0
Benny Umbra	ADV BoardMember	1.00	Director	$0	$0	$0
Bill Spezia	ADV BoardMember	1.00	Director	$0	$0	$0
John J Barbieri	ADV BoardMember	1.00	Director	$0	$0	$0
Frank D'Amato	ADV BoardMember	1.00	Director	$0	$0	$0
Jospeh DiPippa	ADV BoardMember	1.00	Director	$0	$0	$0
Keith Campanella	ADV BoardMember	1.00	Director	$0	$0	$0
Celia Iervasi	ADV BoardMember	1.00	Director	$0	$0	$0
Gerald Amerosi Jr	ADV BoardMember	1.00	Director	$0	$0	$0
James Thomson	ADV BoardMember	1.00	Director	$0	$0	$0
Joe Esposito	ADV BoardMember	1.00	Director	$0	$0	$0
Dan Ryan	ADV BoardMember	0.00	Director	$0	$0	$0
Gerald Amerosi Sr	ADV BoardMember	1.00	Director	$0	$0	$0
Brian Licata	ADV BoardMember	0.00	Director	$0	$0	$0
Maria Scalise	ADV BoardMember	1.00	Director	$0	$0	$0
Mario Gallucci	ADV BoardMember	1.00	Director	$0	$0	$0
Mary O'Leary	ADV BoardMember	1.00	Director	$0	$0	$0
Michael Bloomfield	ADV BoardMember	1.00	Director	$0	$0	$0
Mary Reilly	ADV BoardMember	1.00	Director	$0	$0	$0
Richard Ramm	ADV BoardMember	1.00	Director	$0	$0	$0
Vinny Bonomi	ADV BoardMember	1.00	Director	$0	$0	$0
Michael Scarimbolo	ADV BoardMember	1.00	Director	$0	$0	$0
Vincent Esposito	ADV BoardMember	1.00	Director	$0	$0	$0
Richard Vomero	ADV BoardMember	1.00	Director	$0	$0	$0
Vincenzo Parrelli	ADV BoardMember	1.00	Director	$0	$0	$0
Vinny Bonomi	ADV BoardMember	1.00	Director	$0	$0	$0
Fred DiGiovanni	ADV BoardMember	1.00	Director	$0	$0	$0
John Tardy	ADV BoardMember	1.00	Director	$0	$0	$0
David Rabinowitz	ADV BoardMember	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	$344,929	$194,745	$581,902	$150,184
2023	$206,482	$199,191	$439,823	$7,291
2022	$213,497	$164,001	$399,206	$49,496
2020	$254,685	$176,134	$352,625	$78,551
2019	$198,091	$132,076	$294,442	$66,015
2018	$129,254	$115,668	$220,499	$13,586

The Carl Vincent Bini Memorial Fund