SOCIETA VITTORIA ITALIANA

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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

1913

Legal Domicile

Principal Officer

JAMES FORNERIS

Phone

5152899902

Tax Period

2024-06-01 to 2025-05-31

SOCIETA VITTORIA ITALIANA, founded in 1913, is a micro nonprofit that reported $94K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $124K exceeded revenue, resulting in a 33% operating deficit.

Mission

TO UNITE FRATERNALLY MEN OF ITALIAN EXTRACTION FOR THE PURPOSE OF PROVIDING MUTUAL BENEFITS AND TO PROMOTE THE SOCIAL WELLBEING OF ITS MEMBERS AND THEIR FAMILIES

Program Service Accomplishments

Program 1

SEE SCHEDULE 0 FIRST PAGE

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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 $55,697

Program Service Revenue $37,778

Investment Income $260

Other Revenue $0

TOTAL REVENUE $93,735

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $107,462

TOTAL EXPENSES $124,456

Year-over-Year Comparison

	2024	2023	Change
Revenue	$93,735	$76,645	+0.2%
Expenses	$124,456	$100,896	+0.2%
Net Income	$-30,721	$-24,251	+0.3%

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

198

Independent Members

198

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
JIM FORNERIS	PRESIDENT	N/A	Director	$0	$0	$0
A J FORNERIS	VICE PRESIDENT	N/A	Director	$0	$0	$0
SQUIRE HUTCHESON	TREASURER	N/A	Director	$0	$0	$0
ROB FIORI	RECORDING SECRETARY	N/A	Director	$0	$0	$0
WILLIAM MAGNANI	INSPECTOR GENERAL	N/A	Director	$0	$0	$0
ALDO LAMBARDI	TRUSTEE CHAIR	N/A	Director	$0	$0	$0
JIM BLASCO	AUDITOR	N/A	Director	$0	$0	$0
JIM TAZZIOLI	BENEFITS CHAIR	N/A	Director	$0	$0	$0
JOHN NATELE	ORATOR	N/A	Director	$0	$0	$0
SQUIRE HUTCHESON	FINANCIAL SECRETARY	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
2025	$93,735	$124,456	$571,601	$-30,721
2024	$76,645	$100,896	$602,322	$-24,251
2023	$81,211	$75,747	$626,573	$5,464
2022	$65,705	$58,273	$621,109	$7,432
2021	$42,617	$51,611	$613,677	$-8,994