ITALIAN-AMERICAN CULTURAL CENTER OF IOWA (EIN 421226284) - 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

1984

Legal Domicile

Phone

5158683068

Tax Period

2024-01-01 to 2024-12-31

ITALIAN-AMERICAN CULTURAL CENTER OF IOWA, founded in 1984, is a small nonprofit in the Arts, Culture & Humanities sector that reported $142K in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $214K exceeded revenue, resulting in a 50% operating deficit.

Mission

TO PROMOTE CULTURAL AWARENESS AND DIVERSITY IN THE COMMUNITY WHILE PROMOTING THE ITALIAN HERITAGE.

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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 $68,300

Program Service Revenue $25,620

Investment Income $36,506

Other Revenue $11,834

TOTAL REVENUE $142,260

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $194,450

Other Expenses $213,982

TOTAL EXPENSES $213,982

Year-over-Year Comparison

	2024	2023	Change
Revenue	$142,260	$178,326	-0.2%
Expenses	$213,982	$173,696	+0.2%
Net Income	$-71,722	$4,630	-16.5%

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
ANGELO AMBROSECCIA	DIRECTOR	1.00	Director	$0	$0	$0
BOB MYERS	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS COPPOLO	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH HOAK	DIRECTOR	1.00	Director	$0	$0	$0
LORETTA SIEMAN	DIRECTOR	1.00	Director	$0	$0	$0
MARIO FENU	DIRECTOR	1.00	Director	$0	$0	$0
MIKE RICHARDSON	DIRECTOR	1.00	Director	$0	$0	$0
MSGR FRANK BOGNANNO	DIRECTOR	1.00	Director	$0	$0	$0
OLIVER KRAUSE	DIRECTOR	1.00	Director	$0	$0	$0
RICK TROWER	DIRECTOR	1.00	Director	$0	$0	$0
PAOLO BARTESAGHI	PRESIDENT	10.00	Officer	$0	$0	$0
JEFF LAMBERTI	CHAIRMAN	10.00	Officer	$0	$0	$0
THERESE RIORDAN	SECRETARY	10.00	Officer	$0	$0	$0
SUSAN DEFAZIO	TREASURER	10.00	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
2025	No data	No data	No data	No data
2024	$142,260	$213,982	$4,311,203	$-71,722
2023	$178,326	$173,696	$4,371,684	$4,630
2022	$1,153,534	$267,014	$4,367,054	$886,520
2021	$1,555,433	$287,362	$3,958,053	$1,268,071
2020	$32,492	$101,058	$3,897,463	$-68,566
2019	$309,889	$332,695	$704,604	$-22,806
2018	$326,521	$314,757	$507,954	$11,764

ITALIAN-AMERICAN CULTURAL CENTER OF IOWA