CHICAGOLAND ITALIAN AMERICAN CHARITABLE ORGANIZATION (EIN 364236675) - 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

1998

Legal Domicile

Principal Officer

MIKE CAMPANILE

Phone

6303901140

Tax Period

2024-01-01 to 2024-12-31

CHICAGOLAND ITALIAN AMERICAN CHARITABLE ORGANIZATION, founded in 1998, is a small nonprofit in the Education sector that reported $302K in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $116K, a strong 38% operating margin.

Mission

PROVIDE SCHOLARSHIPS TO DESERVING ENTRY LEVEL COLLEGE STUDENTS REGARDLESS OF RACE, GENDER, RELIGIOUS AFFIATION OR NATIONAL ORIGIN. ALSO MAKE DONATIONS TO DISABLED WAR VETERANS.

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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 $201,215

Program Service Revenue $0

Investment Income $5,221

Other Revenue $95,831

TOTAL REVENUE $302,267

Expense Breakdown

Grants Paid $141,053

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $184,302

Other Expenses $45,157

TOTAL EXPENSES $186,210

Year-over-Year Comparison

	2024	2023	Change
Revenue	$302,267	$200,039	+0.5%
Expenses	$186,210	$216,545	-0.1%
Net Income	$116,057	$-16,506	-8.0%

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
JOSEPH R CALAFIORE	VICE-PRESIDE	N/A	Officer	$0	$0	$0
MIKE CAMPANILE	SECRETARY	N/A	Officer	$0	$0	$0
MIKE CAMPANILE	TREASURER	N/A	Officer	$0	$0	$0
MARK SAVERINO	VICE-PRESIDE	N/A	Officer	$0	$0	$0
LOUIS SCARAMUZZO	PRESIDENT	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	$302,267	$186,210	$222,006	$116,057
2022	$136,693	$105,556	$122,455	$31,137
2021	$79,611	$71,822	$91,318	$7,789
2020	$44,518	$57,873	$83,529	$-13,355
2019	$125,830	$117,502	$96,884	$8,328
2018	$73,130	$90,077	$88,556	$-16,947

CHICAGOLAND ITALIAN AMERICAN CHARITABLE ORGANIZATION