AMERICAN ITALIAN HERITAGE SOCIETY INC (EIN 470640295) - 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

1981

Legal Domicile

Principal Officer

TERRY BOLAMPERTI

Phone

4023419562

Tax Period

2023-01-01 to 2023-12-31

AMERICAN ITALIAN HERITAGE SOCIETY INC, founded in 1981, is a small nonprofit in the Arts, Culture & Humanities sector that reported $383K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $606K exceeded revenue, resulting in a 58% operating deficit.

Mission

ENCOURAGE, PROMOTE AND PRESERVE ITALIAN HERITAGE

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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 $382,542

Investment Income $0

Other Revenue $0

TOTAL REVENUE $382,542

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,301

Fundraising Expenses $0

Program Expenses $606,191

Other Expenses $588,890

TOTAL EXPENSES $606,191

Year-over-Year Comparison

	2023	2022	Change
Revenue	$382,542	$535,451	-0.3%
Expenses	$606,191	$588,474	+0.0%
Net Income	$-223,649	$-53,023	+3.2%

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

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
Terry Bolamperti	President	15.00	Officer	$0	$0	$0
Toni Bac	Chairman	0.00	Officer	$0	$0	$0
Jeff Ladwig	Treasurer	0.00	Officer	$0	$0	$0
Joe Garrett	Vice President	0.00	Officer	$0	$0	$0
Courtney Dice	Secretary	0.00	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	$382,542	$606,191	$3,617,415	$-223,649
2022	$535,451	$588,474	$3,881,384	$-53,023
2021	$393,868	$434,113	$3,986,859	$-40,245
2020	$236,381	$380,752	$4,043,103	$-144,371
2019	$312,403	$446,590	$4,149,009	$-134,187
2018	$689,022	$796,165	$4,399,984	$-107,143

AMERICAN ITALIAN HERITAGE SOCIETY INC