SOCIETA DIMUTUO SOCCORSO CAROVILLES (EIN 340539855) - 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

1925

Legal Domicile

Principal Officer

ALESSANDRO DIFRANGIA

Phone

3309296767

Tax Period

2023-01-01 to 2023-12-31

SOCIETA DIMUTUO SOCCORSO CAROVILLES, founded in 1925, is a small nonprofit that reported $151K in total revenue in fiscal year 2023. Revenue surged 156% from the prior year, signaling strong growth momentum. Net assets of $618K represent 49 months of operating reserves.

Mission

OUR MISSION IS TO PROMOTE UNITY & ETHNIC CULTURE. WE PROMOTE & INSTILL THE ITALIAN CULTURE TO THOSE RESIDING IN THE AREA. WE4 ALSO DONATE TO VARIOUS CHARITIES INCLUDING AKRON CHILDREN'S HOSPITAL; AMERICAN CANCER SOCIETY ETC.

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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 $15,881

Program Service Revenue $17,380

Investment Income $483

Other Revenue $117,095

TOTAL REVENUE $150,839

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $158,405

TOTAL EXPENSES $158,405

Year-over-Year Comparison

	2023	2022	Change
Revenue	$150,839	$58,903	+1.6%
Expenses	$158,405	$65,540	+1.4%
Net Income	$-7,566	$-6,637	+0.1%

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

112

Independent Members

112

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
ALESSANDRO DIFRANGIA	PRESIDENT	5.00	Officer	$0	$0	$0
CESARE PIERMARINI	TREASURER	N/A	Officer	$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	$150,839	$158,405	$617,574	$-7,566
2022	$58,903	$65,540	$625,140	$-6,637
2021	$98,447	$69,389	$631,777	$29,058
2020	$74,971	$77,191	$602,719	$-2,220
2019	$126,849	$96,750	$604,939	$30,099

SOCIETA DIMUTUO SOCCORSO CAROVILLES