FRIENDS OF TELETHON FOUNDATION ITA… - Form 990 Financial Data

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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

FRANCESCA PASINELLI

Phone

8445989494

Tax Period

2020-01-01 to 2020-12-31

FRIENDS OF TELETHON FOUNDATION ITALY INC, founded in 2014, is a micro nonprofit that reported $9K in total revenue in fiscal year 2020. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $15K exceeded revenue, resulting in a 63% operating deficit.

Mission

OUR MISSION IS TO SUPPORT THE BEST RESEARCH AIMED AT THE CURE OF RARE GENETIC DISEASES. DAYBREAK CHOOSE AS PRIMARY BENEFICIARIES OF ITS EFFORTS FONDAZIONE TELETHON ITALIA AND ITS TWO WORLD-CLASS RESEARCH CENTERS, TIGEM AND SR-TIGET. DAYBREAK CHILDREN'S RARE DISEASE FUND IS COMMITTED TO RAISE AWARENESS ON RARE GENETIC DISEASES AND TO PROMOTE TIMELY DEVELOPMENT AND AVAILABILITY OF SAFE AND EFFECTIVE DIAGNOSTICS AND TREATMENTS FOR AFFECTED PERSONS.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

DAYBREAK CHILDREN'S RARE DISEASE FUND GRANT-MAKING SUPPORTS THE BEST RESEARCH AIMED AT THE CURE OF RARE GENETIC DISEASES. ITS PRIMARY BENEFICIARIES ARE FONDAZIONE TELETHON ITALIA AND ITS TWO...

DAYBREAK CHILDREN'S RARE DISEASE FUND GRANT-MAKING SUPPORTS THE BEST RESEARCH AIMED AT THE CURE OF RARE GENETIC DISEASES. ITS PRIMARY BENEFICIARIES ARE FONDAZIONE TELETHON ITALIA AND ITS TWO WORLD-CLASS RESEARCH CENTERS, TIGEM AND SR-TIGET.DAYBREAK GRANTS MAY SPONSOR SPECIFIC SCIENTIFIC PROJECTS AND MAY NOT SPONSOR GENERAL OPERATING EXPENSES OF ANY ORGANIZATION.THE ORGANIZATION DID NOT CONDUCT ANY GRANTMAKING ACTIVITIES DURING 2020 DUE TO LACK OF FUNDING.

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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 (2020)

Revenue Breakdown

Contributions & Grants $9,429

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $9,429

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $73

Other Expenses $15,351

TOTAL EXPENSES $15,351

Year-over-Year Comparison

	2020	2019	Change
Revenue	$9,429	$29,378	-0.7%
Expenses	$15,351	$33,135	-0.5%
Net Income	$-5,922	$-3,757	+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

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
LUCA DI MONTEZEMOLO	CHAIR	1.00	Officer Director	$0	$0	$0
TIZIANA CIRACO	TREASURER	10.00	Officer Director	$0	$0	$0
CHRISTIAN MORETTI	SECRETARY	1.00	Officer Director	$0	$0	$0
PRIYA STEPHEN	DIRECTOR	1.00	Director	$0	$0	$0
DANIELE BODINI	DIRECTOR	1.00	Director	$0	$0	$0
FRANCESCA PASINELLI	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL CAPLAN	DIRECTOR	1.00	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
2020	$9,429	$15,351	$79,787	$-5,922
2019	$29,378	$33,135	$83,509	$-3,757
2018	$123,898	$79,882	$87,266	$44,016

FRIENDS OF TELETHON FOUNDATION ITALY INC