CHICAGOLAND ITALIAN AMERICAN CHARI… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Principal Officer

MIKE CAMPANILE

Phone

6303901140

Tax Period

2025-01-01 to 2025-12-31

CHICAGOLAND ITALIAN AMERICAN CHARITABLE ORGANIZATION, founded in 1998, is a small nonprofit in the Education sector that reported $196K in total revenue in fiscal year 2025. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $249K exceeded revenue, resulting in a 27% operating deficit.

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, FIRST RESPONDERS, AND FAMILIES IN NEED.

Program Service Accomplishments

Program 1

Expenses: $239,376 Revenue: $303,203

PROVIDED SCHOLARSHIPS TO DESERVING ENTRY LEVEL COLLEGE STUDENTS AND MADE DONATIONS TO DISABLED WAR VETERANS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $77,840

Program Service Revenue $0

Investment Income $5,224

Other Revenue $112,619

TOTAL REVENUE $195,683

Expense Breakdown

Grants Paid $194,592

Salaries & Benefits $0

Fundraising Expenses $5,625

Program Expenses $239,376

Other Expenses $54,409

TOTAL EXPENSES $249,001

Year-over-Year Comparison

	2025	2024	Change
Revenue	$195,683	$302,267	-0.4%
Expenses	$249,001	$186,210	+0.3%
Net Income	$-53,318	$116,057	-1.5%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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	TREASURER	N/A	Officer	$0	$0	$0
DAN MASTROPIERI	SECRETARY	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
2025	$195,683	$249,001	$168,688	$-53,318
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