LITTLE ITALY OF LOS ANGELES ASSOCIATION (EIN 320580458) - 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

Legal Domicile

Principal Officer

MARIO AMALFITANO

Phone

3108965204

Tax Period

2022-01-01 to 2022-12-31

LITTLE ITALY OF LOS ANGELES ASSOCIATION is a small nonprofit in the Arts, Culture & Humanities sector that reported $315K in total revenue in fiscal year 2022. Revenue surged 476% from the prior year, signaling strong growth momentum. The organization ran a surplus of $87K, a strong 28% operating margin.

Mission

TO ACKNOWLEDGE, PROMOTE,AND PROVIDE EDUCATION ON ITALIAN CULTURE, ART, AND HISTORY IN THE SAN PEDRO COMMUNITY AS WELL AS THE LARGER LOS ANGELES COMMUNITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $145,265

Program Service Revenue $168,145

Investment Income $1,601

Other Revenue $0

TOTAL REVENUE $315,011

Expense Breakdown

Grants Paid $0

Salaries & Benefits $53,748

Fundraising Expenses $0

Program Expenses $159,620

Other Expenses $174,270

TOTAL EXPENSES $228,018

Year-over-Year Comparison

	2022	2021	Change
Revenue	$315,011	$54,709	+4.8%
Expenses	$228,018	$164,243	+0.4%
Net Income	$86,993	$-109,534	-1.8%

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

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
ANDREA LANDI	Director	1.00	Director	$0	$0	$0
ANNA MANUNZA	Director	5.00	Director	$0	$0	$0
CARMELA FUNICELO	Director	1.00	Director	$0	$0	$0
FRANK BUONO	Director	1.00	Director	$0	$0	$0
GEORGE PALAZIOL	Director	1.00	Director	$0	$0	$0
GIAMPAOLO MANCUSO	Director	1.00	Director	$0	$0	$0
GIANCARLO LAURO	Director	1.00	Director	$0	$0	$0
JOHN J DEGIROLAMO	Vice President	5.00	Officer Director	$0	$0	$0
JOHN N BAGAKIS	Director	1.00	Director	$0	$0	$0
JOSEPHINE CIARAMITARO	Secretary	5.00	Officer Director	$0	$0	$0
MARIO AMALFITANO	President	5.00	Officer Director	$0	$0	$0
MIKE CAMMARERI	Director	1.00	Director	$0	$0	$0
ROSA SPINOSO	Treasurer/CFO	5.00	Officer 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
2022	$315,011	$228,018	$308,006	$86,993
2020	$182,095	$112,889	$315,924	$69,206
2019	$198,438	$19,253	$246,390	$179,185

LITTLE ITALY OF LOS ANGELES ASSOCIATION