NEW NORTH PLAINFIELD ITALIAN AMERICAN CLUB INC (EIN 464769119) - 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

2014

Legal Domicile

Principal Officer

MATT KILPATRICK

Phone

9087575200

Tax Period

2024-01-01 to 2024-12-31

NEW NORTH PLAINFIELD ITALIAN AMERICAN CLUB INC, founded in 2014, is a micro nonprofit in the Mutual Benefit sector that reported $49K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $55K exceeded revenue, resulting in a 11% operating deficit.

Mission

PERPETUATE MUTUAL HELPFULNESS AND SOCIAL ACTIVITIES FOR THE WELFARE OF THE ORGANIZATION AND ITS MEMBERS TO PROMOTE AND PRESERVE THE SPIRIT AND APPRECIATION OF THE ITALIAN HERITAGE,CULTURE AND VALUES.

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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 $4,950

Program Service Revenue $31,801

Investment Income $12,504

Other Revenue $0

TOTAL REVENUE $49,255

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $54,875

TOTAL EXPENSES $54,875

Year-over-Year Comparison

	2024	2023	Change
Revenue	$49,255	$39,326	+0.3%
Expenses	$54,875	$55,259	0.0%
Net Income	$-5,620	$-15,933	-0.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ART ABRUZZESE	TRUSTEE	N/A	Officer Director	$0	$0	$0
ROBERT DESIATO	PRESIDENT	N/A	Officer	$0	$0	$0
MATT KILPATRICK	TREASURE	N/A	Officer	$0	$0	$0
TONY MASTROIANNI	V PRES	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
2025	No data	No data	No data	No data
2024	$49,255	$54,875	$271,301	$-5,620
2023	$39,326	$55,259	$276,921	$-15,933
2022	$39,257	$45,851	$292,854	$-6,594
2021	$27,507	$40,659	$299,448	$-13,152
2020	$28,501	$35,380	$312,600	$-6,879
2019	$36,816	$49,317	$319,479	$-12,501
2018	$14,660	$25,282	$331,980	$-10,622

NEW NORTH PLAINFIELD ITALIAN AMERICAN CLUB INC