SONS OF ITALY IN AMERICA (EIN 330998569) - 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

2003

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

SONS OF ITALY IN AMERICA, founded in 2003, is a small nonprofit that reported $506K in total revenue in fiscal year 2023. Expenses of $477K left a modest 6% surplus.

Mission

PRESERVATION OF ITALIAN HERITAGE, THROUGH SOCIALIZATION, COOKING CELEBRATING ITALIAN TRADITIONS

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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 $34,095

Program Service Revenue $446,624

Investment Income $0

Other Revenue $25,034

TOTAL REVENUE $505,753

Expense Breakdown

Grants Paid $0

Salaries & Benefits $148,001

Fundraising Expenses $0

Program Expenses $476,526

Other Expenses $328,525

TOTAL EXPENSES $476,526

Year-over-Year Comparison

	2023	2022	Change
Revenue	$505,753	$510,357	0.0%
Expenses	$476,526	$502,273	-0.1%
Net Income	$29,227	$8,084	+2.6%

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

375

Independent Members

375

Employees

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
Vacant III	Orator	10.00	Officer	$0	$0	$0
Hal Thomas	Treasurer	10.00	Officer	$0	$0	$0
VACANT	Mistress of Ceremonies	10.00	Officer	$0	$0	$0
Matt Kelly	Historian	10.00	Officer	$0	$0	$0
Tom Derone	Vice President	15.00	Officer	$0	$0	$0
Larry Gage	President	20.00	Officer	$0	$0	$0
Tina Beach	Recording Secretary	10.00	Officer	$0	$0	$0
Denise Leete	Immediate Past President	2.00	Highest	$0	$0	$0
Vacant	Financial Secretary	10.00	Highest	$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	$505,753	$476,526	$229,718	$29,227
2022	$510,357	$502,273	$181,305	$8,084
2021	$352,242	$328,139	$188,447	$24,103
2020	$197,553	$210,370	$139,195	$-12,817
2019	$302,374	$323,051	$128,894	$-20,677
2018	$333,742	$336,068	$134,203	$-2,326

SONS OF ITALY IN AMERICA