OLD NEIGHBORHOOD ITALIAN AMERICAN CLUB (EIN 363204302) - 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

1981

Legal Domicile

Principal Officer

DONALD DIFAZIO

Phone

3123266420

Tax Period

2023-01-01 to 2023-12-31

OLD NEIGHBORHOOD ITALIAN AMERICAN CLUB, founded in 1981, is a small nonprofit that reported $305K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $288K left a modest 6% surplus.

Mission

TO PROMOTE AND FACILITATE SOCIAL ACTIVITIES FOR MEMBERS WITHIN CLUB AND GREATER COMMUNITY.

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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 $77,780

Program Service Revenue $217,844

Investment Income $85

Other Revenue $8,971

TOTAL REVENUE $304,680

Expense Breakdown

Grants Paid $0

Salaries & Benefits $73,999

Fundraising Expenses $0

Other Expenses $213,639

TOTAL EXPENSES $287,638

Year-over-Year Comparison

	2023	2022	Change
Revenue	$304,680	$278,025	+0.1%
Expenses	$287,638	$284,382	+0.0%
Net Income	$17,042	$-6,357	-3.7%

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
DONALD DIFAZIO	PRESIDENT	15.00	Officer Director	$0	$0	$0
ANTHONY ONESTO	FIRST VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
RICH DEFRANCISCO	SECOND VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
PETER SCALISE	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN BALZANO JR	BOARD MEMBER	1.00	Director	$0	$0	$0
LEONARD CHIARO	BOARD MEMBER	1.00	Director	$0	$0	$0
CARL SALVATO	BOARD MEMBER	1.00	Director	$0	$0	$0
SALVATORE SALVATO	BOARD MEMBER	1.00	Director	$0	$0	$0
FRANK SCALISE	BOARD MEMBER	1.00	Director	$0	$0	$0
DOMINIC TOLITANO	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL VETOS	BOARD MEMBER	1.00	Director	$0	$0	$0
FRANK SCUMACI	BOARD MEMBER	1.00	Director	$0	$0	$0
LAWRENCE CALACE	BOARD MEMBER	1.00	Director	$0	$0	$0
BRUNO CARUSO	THIRD VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
SAL SALVATO	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHEN SUTERA	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN BASSO JR	TREASURER	1.00	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	No data	No data	No data	No data
2023	$304,680	$287,638	$905,319	$17,042
2022	$278,025	$284,382	$901,596	$-6,357
2021	$240,691	$267,308	$917,446	$-26,617
2020	$212,375	$246,935	$919,985	$-34,560
2019	$244,006	$252,293	$965,277	$-8,287
2018	$233,923	$259,561	$981,149	$-25,638

OLD NEIGHBORHOOD ITALIAN AMERICAN CLUB