MINNEAPOLIS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE ITALIAN AMERICAN CLUB FOUNDATION, founded in 1982, is a small nonprofit in the Education sector that reported $392K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $379K left a modest 3% surplus.
PROVIDE SCHOLARSHIPS & GRANTS
THE ITALIAN AMERICAN CLUB FOUNDATION PROVIDES SCHOLARSHIPS AND GRANTS TO INDIVIDUALS AND CHARITABLE ORGANIZATIONS IN THE COMMUNITY THROUGH AN APPLICATION PROCESS. THE GRANTS ARE PROVIDED TO...
THE ITALIAN AMERICAN CLUB FOUNDATION PROVIDES SCHOLARSHIPS AND GRANTS TO INDIVIDUALS AND CHARITABLE ORGANIZATIONS IN THE COMMUNITY THROUGH AN APPLICATION PROCESS. THE GRANTS ARE PROVIDED TO CHARITABLE ORGANIZATIONS THAT QUALIFY AS EXEMPT UNDER SECTIONS 170(C)(2) AND 501(C)(3) OF THE INTERNAL REVENUE CODE. SCHOLARSHIPS FOR FY 6/30/24 WERE DISTRIBUTED TO 84 INDIVIDUALS FROM THE STATE OF MINNESOTA FOR POST-SECONDARY EDUCATION. IN ADDITION, MANY NOT-FOR-PROFIT TYPE ORGANIZATIONS AND CIVIC GROUPS RECEIVED MONEY FOR WORTHWHILE CAUSES. SPONSORED EVENTS INCULDED A GOLF TOURNAMENT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $391,509 | $431,368 | -0.1% |
| Expenses | $378,758 | $419,164 | -0.1% |
| Net Income | $12,751 | $12,204 | +0.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| BOB BRAMA | President | 10.00 |
Officer
Director
|
$9,000 | $0 | $9,000 |
| DEAN BONA | Vice President | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| TOM TERESI | Secretary | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Peter Chiodo | Treasurer | 10.00 |
Officer
Director
|
$10,800 | $0 | $10,800 |
| John Chiodo | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Brad Drews | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Nick Villella | Director | 5.00 |
Director
|
$6,000 | $0 | $6,000 |
| JIM MOLINARO | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| ANTHONY BRAMA | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Larry Ranallo | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| William Scalise | Gaming Chairman | 40.00 |
Officer
Director
|
$77,000 | $0 | $77,000 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $391,509 | $378,758 | $1,153,615 | $12,751 |
| 2023 | $431,368 | $419,164 | $1,104,409 | $12,204 |
| 2022 | $501,293 | $443,084 | $1,085,103 | $58,209 |
| 2021 | $370,886 | $290,016 | $1,149,926 | $80,870 |
Compare THE ITALIAN AMERICAN CLUB FOUNDATION with other nonprofits in Minnesota and across the country.