ITALIAN AMERICAN CHAMBER OF COMMERC

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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

1907

Legal Domicile

Principal Officer

FULVIO CALCINARDI

Phone

3122180255

Tax Period

2024-01-01 to 2024-12-31

ITALIAN AMERICAN CHAMBER OF COMMERC, founded in 1907, is a community nonprofit in the Community Improvement sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 55% from the prior year, signaling strong growth momentum.

Mission

EXHIBIT DETAILING SPECIFIC ORGANIZATION ACTIVITIES MISSION STATEMENT THE ITALIAN AMERICAN CHAMBER OF COMMERCE - MIDWEST IS A NOT-FOR-PROFIT CORPORATION EXISTING UNDER THE LAWS OF THE STATE OF ILLINOIS BASED IN CHICAGO AND SERVING THE FOLLOWING PURPOSES: TO PROMOTE, FACILITATE, AND PROTECT TRADE RELATIONS BETWEEN THE UNITED STATES AND ITALY. TO PROMOTE THE INTERESTS OF ITALIAN AMERICAN BUSINESSMEN, AND IN PARTICULAR, OUR OWN MEMBERS. TO ENCOURAGE AND GUIDE THE COMMERCIAL AND INDUSTRIAL ASPIRATIONS OF ITALIAN AMERICANS. TO FOSTER AND ENCOURAGE GREATER TRADE DEVELOPMENT BETWEEN THE UNITED STATES AND ITALY. TO PROVIDE AN EXCHANGE OF INFORMATION RELATIVE TO BUSINESS AND COMMERCE OF THE UNITED STATES AND ITALY AND THE POTENTIALITIES OF THEIR DEVELOPMENT. TO COOPERATE AND PARTICIPATE IN ALL MATTERS WHICH MAY CONTRIBUTE TO STRENGTHENING THE BONDS OF FRIENDSHIP BETWEEN THE UNITED STATES AND ITALY. TO STIMULATE THE INTEREST OF ITALIANS IN ITALY, AS WELL AS IN THE UNITED STATES, TOWA

Program Service Accomplishments

Program 1

TRADE MISSIONS AND TRADE SHOWS ARE HOSTED TO PROMOTE CIVIC AND BUSINESS ACTIVITIES AND RELATIONSHIPS-SEE DETAIL OF SIGNIFICANT ACTIVITIES IN EXHIBIT I

Program 2

NETWORKING EVENTS INCLUDING WORKSHOPS AND SEMEINARS TO PROMOTE CIVIC AND BUSINESS RELATIONSHIPS-SEE DETAIL OF SIGNIFICANT ACTIVITIES IN EXHIBIT I

Program 3

ANNUAL GALA EVENTS ARE HOSTED TO SHOWCASE MEMBER BUSINESSES AND THEIR ACCOMPLISHMENTS-SEE DETAIL OF SIGNIFICANT ACTIVITIES IN EXHIBIT I

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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 $8,549

Program Service Revenue $1,496,157

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,504,706

Expense Breakdown

Grants Paid $0

Salaries & Benefits $149,166

Fundraising Expenses $0

Other Expenses $1,372,697

TOTAL EXPENSES $1,521,863

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,504,706	$971,911	+0.5%
Expenses	$1,521,863	$952,646	+0.6%
Net Income	$-17,157	$19,265	-1.9%

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

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
MAURO GALLI	PRESIDENT	N/A	Officer Director	$0	$0	$0
MAURIZIO MUZZETTA	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
CHRIS AUGUSTINE	DIRECTOR	N/A	Director	$0	$0	$0
ZURICH ESPOSITO	DIRECTOR	N/A	Director	$0	$0	$0
VALENTINA GAGLIO	DIRECTOR	N/A	Director	$0	$0	$0
KRIS MOYER	DIRECTOR	N/A	Director	$0	$0	$0
MANFREDI NULLI	DIRECTOR	N/A	Director	$0	$0	$0
FULVIO CALCINARDI	EXECUTIVE DI	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	$1,504,706	$1,521,863	$468,921	$-17,157
2023	$971,911	$952,646	$630,689	$19,265
2022	$884,690	$816,669	$509,068	$68,021
2021	$1,794,567	$1,120,487	$465,373	$674,080
2020	$924,197	$1,571,838	$361,269	$-647,641