ITALIAN SCHOOL NJ INC

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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 MISSION OF THE ITALIAN SCHOOL OF NJ IS TO CREATE AN ENCOURAGING ENVIRONMENT TO LEARN THE ITALIAN LANGUAGE BY PROVIDING SMALL CLASSROOM SIZES AND INDIVIDUAL ATTENTION TO ALL STUDENTS

Program Service Accomplishments

Program 1

Expenses: $175,695 Revenue: $322,585

THE ORGANIZATION OPERATES A SCHOOL TO TEACH THE ITALIAN LANGUAGE AS OUTLINED IN THE SCHOOL'S MISSION STATEMENT.

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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