ITALIAN COMMUNITY CENTER INC

EIN: 391304069 501(c)(3) Human Services

MILWAUKEE, WI

Total Revenue
$652,931
Total Expenses
$430,858
Total Assets
$3,590,957
Net Assets
$3,285,783
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
WI
Principal Officer
LISA DESANCTIS
Phone
4142232180
Tax Period
2023-01-01 to 2023-12-31

ITALIAN COMMUNITY CENTER INC, founded in 1978, is a small nonprofit in the Human Services sector that reported $653K in total revenue in fiscal year 2023. Revenue fell 88% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $222K, a strong 34% operating margin.

Mission

PLANNING,PROMOTING, AND CARRYING OUT CHARITABLE, EDUCATIONAL, AND CULTURAL ACTIVITIES TO BEST SERVE THE WELFARE OF AMERICANS OF ITALIAN DESCENT AND THE ENTIRE 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $29,380
Program Service Revenue $261,354
Investment Income $47,310
Other Revenue $314,887
TOTAL REVENUE $652,931

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $256,738
Other Expenses $430,858
TOTAL EXPENSES $430,858

Year-over-Year Comparison

2023 2022 Change
Revenue $652,931 $5,645,062 -0.9%
Expenses $430,858 $879,989 -0.5%
Net Income $222,073 $4,765,073 -1.0%
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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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
82

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
4
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZABETH CERASO DIRECTOR N/A
Director
$0 $0 $0
TED CATALANO DIRECTOR N/A
Director
$0 $0 $0
VIVIAN BALISTRERI DIRECTOR N/A
Director
$0 $0 $0
SANDY WINARD PRESIDENT N/A
Officer Director
$0 $0 $0
MARIE ANDOLARO-LIEBER VICE PRESIDE N/A
Officer Director
$0 $0 $0
LISA DESANCTIS TREASURER N/A
Officer Director
$0 $0 $0
SUSIE CHRISTIANSEN SECRETARY N/A
Officer Director
$0 $0 $0
MARIE ANDOLARO-LIEBER DIRECTOR N/A
Director
$0 $0 $0
ROSEANNE FRITCHIE DIRECTOR N/A
Director
$0 $0 $0
JOANNE CZUBEK DIRECTOR N/A
Director
$0 $0 $0
BILL STOCKS DIRECTOR N/A
Director
$0 $0 $0
TRACY BALISTERI DIRECTOR N/A
Director
$0 $0 $0
CHRISTINA ZIINO DIRECTOR N/A
Director
$0 $0 $0
CRAIG LIEBER DIRECTOR N/A
Director
$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 $652,931 $430,858 $3,590,957 $222,073
2022 $5,645,062 $879,989 $3,930,627 $4,765,073
2021 $-112,323 $210,913 $1,622,306 $-323,236
2020 $134,716 $356,058 $1,853,303 $-221,342
2019 $1,146,546 $1,659,101 $2,204,816 $-512,555
2018 $1,029,207 $1,002,090 $2,620,025 $27,117
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