ITALIAN ASSOCIATION OF ARIZONA (EIN 464067472) - 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

2013

Legal Domicile

Phone

4807457020

Tax Period

2023-01-01 to 2023-12-31

ITALIAN ASSOCIATION OF ARIZONA, founded in 2013, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $99K in total revenue in fiscal year 2023. Revenue fell 81% from the prior year — a significant decline worth monitoring. Expenses of $95K left a modest 4% surplus.

Mission

To be the voice and focal point of the Italian community of Arizona. To represent and spur growth throughout the community. To organize cultural, commercial, and administrative Italian activities in support and to the benefit of our community as well as the American community. To be the local entity that will operate in support of different initiatives requested from Italy.

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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 $106,160

Program Service Revenue $61,797

Investment Income $0

Other Revenue $-68,613

TOTAL REVENUE $99,344

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $73,172

Other Expenses $95,397

TOTAL EXPENSES $95,397

Year-over-Year Comparison

	2023	2022	Change
Revenue	$99,344	$527,352	-0.8%
Expenses	$95,397	$534,057	-0.8%
Net Income	$3,947	$-6,705	-1.6%

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
MICKEY RAO	President	2.00	Officer Director	$0	$0	$0
ROSA TORRACA	Treasurer	2.00	Officer Director	$0	$0	$0
CAREN PEYTON	Secretary	2.00	Officer Director	$0	$0	$0
PETER STAZZONE	Director	2.00	Director	$0	$0	$0
DARIO SOLDAN	Director	2.00	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
2024	No data	No data	No data	No data
2023	$99,344	$95,397	$120,045	$3,947
2022	$527,352	$534,057	$98,480	$-6,705
2021	$225,849	$202,964	$119,161	$22,885

ITALIAN ASSOCIATION OF ARIZONA