Joint Civic Committee of Italian Americans

EIN: 362550020 501(c)(3) Arts, Culture & Humanities

Chicago, IL

Total Revenue
$259,070
Total Expenses
$272,442
Total Assets
$1,116,843
Net Assets
$1,116,843
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
IL
Principal Officer
Ron Onesti
Phone
7084509050
Tax Period
2024-01-01 to 2024-12-31

Joint Civic Committee of Italian Americans, founded in 1955, is a small nonprofit in the Arts, Culture & Humanities sector that reported $259K in total revenue in fiscal year 2024. Revenue fell 52% from the prior year — a significant decline worth monitoring. Net assets of $1.1M represent 52 months of operating reserves.

Mission

Promote and foster the Italian American 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $227,000
Program Service Revenue $0
Investment Income $32,070
Other Revenue $0
TOTAL REVENUE $259,070

Expense Breakdown

Grants Paid $18,990
Salaries & Benefits $15,061
Fundraising Expenses $0
Program Expenses $186,579
Other Expenses $238,391
TOTAL EXPENSES $272,442

Year-over-Year Comparison

2024 2023 Change
Revenue $259,070 $543,500 -0.5%
Expenses $272,442 $407,133 -0.3%
Net Income $-13,372 $136,367 -1.1%
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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
15

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ron Onesti President 10.00
Officer
$0 $0 $0
Mario Cinardi Treasurer 10.00
Officer
$0 $0 $0
Phyllis Schoene 10.00
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 $259,070 $272,442 $1,116,843 $-13,372
2023 $543,500 $407,133 $1,128,382 $136,367
2021 $280,476 $179,167 $1,036,839 $101,309
2020 $51,066 $106,880 $935,528 $-55,814
2019 $274,082 $295,841 $992,633 $-21,759
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