ITALIAN SCHOOL NJ INC (EIN 452586105) - 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

MARILISA ZANARELLA

Phone

9739541808

Tax Period

2023-07-01 to 2024-06-30

ITALIAN SCHOOL NJ INC, founded in 2011, is a small nonprofit in the Education sector that reported $323K in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $311K left a modest 4% surplus.

Mission

THE ITALIAN SCHOOL'S MISSION IS TO CREATE AN ENCOURAGING ENVIRONMENT TO LEARN THE ITALIAN LANGUAGEBY PROVIDING SMALL CLASSROOM SIZES AND INDIVIDUAL ATTENTION TO ALL STUDENTS.

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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 $0

Program Service Revenue $322,585

Investment Income $0

Other Revenue $0

TOTAL REVENUE $322,585

Expense Breakdown

Grants Paid $0

Salaries & Benefits $211,938

Fundraising Expenses $0

Program Expenses $175,695

Other Expenses $98,878

TOTAL EXPENSES $310,816

Year-over-Year Comparison

	2023	2022	Change
Revenue	$322,585	$236,187	+0.4%
Expenses	$310,816	$214,420	+0.4%
Net Income	$11,769	$21,767	-0.5%

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

Volunteers

N/A

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

$65,000

Total Directors

$65,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARILISA ZANARELLA	PRESIDENT	25.00	Officer Director	$32,500	$0	$32,500
NATALIA BERNINI CARRI	VICE PRESIDENT	25.00	Officer Director	$32,500	$0	$32,500
JOHN CLEMENTS	SECRETARY	25.00	Officer 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	No data	No data	No data	No data
2024	$322,585	$310,816	$150,869	$11,769
2023	$236,187	$214,420	$121,061	$21,767

ITALIAN SCHOOL NJ INC