CENTRO CULTURALE ITALIANO DI BUFFALO INC (EIN 452509354) - 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

2011

Legal Domicile

Principal Officer

MARIA FOSS

Phone

7167837555

Tax Period

2023-01-01 to 2023-12-31

CENTRO CULTURALE ITALIANO DI BUFFALO INC, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $997K in total revenue in fiscal year 2023. Revenue surged 100% from the prior year, signaling strong growth momentum. The organization ran a surplus of $483K, a strong 48% operating margin.

Mission

CENTRO CULTURALE ITALIANO DI BUFFALO SERVES AS A RESOURCE FOR ALL MEMBERS OF OUR DIVERSE COMMUNITY TO PRESERVE, PROMOTE AND CELEBRATE OUR ITALIAN HERITAGE, CULTURE, TRADITIONS, VALUES AND LEGACY OF OUR IMMIGRANT ANCESTORS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $919,616

Program Service Revenue $55,567

Investment Income $3,344

Other Revenue $18,881

TOTAL REVENUE $997,408

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $42,274

Program Expenses $411,997

Other Expenses $472,108

TOTAL EXPENSES $514,382

Year-over-Year Comparison

	2023	2022	Change
Revenue	$997,408	$499,407	+1.0%
Expenses	$514,382	$432,469	+0.2%
Net Income	$483,026	$66,938	+6.2%

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

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
MARIA FOSS	PRESIDENT	12.00	Officer	$0	$0	$0
LUCIANA GALANTE	SECRETARY	N/A	Officer	$0	$0	$0
J PHILLIP TARANTINO	TREASURER	N/A	Officer	$0	$0	$0
MARIA GAROZZO PAYNE	VICE PRESIDE	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
2024	No data	No data	No data	No data
2023	$997,408	$514,382	$2,144,666	$483,026
2022	$499,407	$432,469	$1,832,928	$66,938
2021	$536,785	$295,893	$1,767,461	$240,892
2020	$1,094,667	$72,330	$1,505,377	$1,022,337
2019	$130,578	$67,338	$353,080	$63,240

CENTRO CULTURALE ITALIANO DI BUFFALO INC