COUNCIL OF ITALIAN AMERICAN (EIN 341412239) - 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

1947

Legal Domicile

Principal Officer

VINCE MURDOCCO

Phone

3306076042

Tax Period

2024-02-01 to 2025-01-31

COUNCIL OF ITALIAN AMERICAN, founded in 1947, is a micro nonprofit in the Youth Development sector that reported $24K in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $40K exceeded revenue, resulting in a 68% operating deficit.

Mission

THE PROMOTION OF ITALIAN CULTURE AND HERITAGE

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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 $0

Program Service Revenue $0

Investment Income $23,900

Other Revenue $0

TOTAL REVENUE $23,900

Expense Breakdown

Grants Paid $16,000

Salaries & Benefits $0

Fundraising Expenses $24,179

Program Expenses $16,000

Other Expenses $24,179

TOTAL EXPENSES $40,179

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,900	$41,081	-0.4%
Expenses	$40,179	$67,300	-0.4%
Net Income	$-16,279	$-26,219	-0.4%

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

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
PATRICK PUHAK	HISTORIAN	1.00	Director	$0	$0	$0
DEBI RAUCKHORST	PARLIAMENTARIAN	2.00		$0	$0	$0
VINCE MURDOCCO	TREASURER	1.00		$0	$0	$0
ED RAUCKHORST	FESTIVAL TREASURER	3.00		$0	$0	$0
DORA RICCI-RAYMOND	RECORDING SECRETARY	2.00		$0	$0	$0
HARRY CICCOLINI	PRESIDENT	2.00		$0	$0	$0
VITO SIGNORINO-MOORE	1ST VICE PRESIDENT//SGT AT ARMS	2.00		$0	$0	$0
JO MURDOCCO	TRUSTEE	1.00	Director	$0	$0	$0
TOM BUZZI	TRUSTEE	2.00	Director	$0	$0	$0
TONI ROSS	TRUSTEE	1.00	Director	$0	$0	$0
DEB DEPTUCH	TRUSTEE	1.00	Director	$0	$0	$0
ROSANNE TRICASO-SANFORD	TRUSTEE	1.00	Director	$0	$0	$0
FATHER BURBA	CHAPLAIN	1.00	Director	$0	$0	$0
NICK	DIORIO	1.00	Director	$0	$0	$0
CHERYL KOSHAR	CORRESPONDING SECRETARY	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
2025	$23,900	$40,179	No data	$-16,279
2024	$41,081	$67,300	No data	$-26,219
2023	$7,197	$33,525	No data	$-26,328
2022	$12,897	$38,307	No data	$-25,410
2021	$7,329	$33,000	No data	$-25,671
2020	$62,660	$54,629	No data	$8,031

COUNCIL OF ITALIAN AMERICAN