FRIENDS OF TELETHON FOUNDATION ITALY INC

EIN: 471635833 501(c)(3)

NEW YORK, NY

Total Revenue
$9,429
Total Expenses
$15,351
Total Assets
$79,787
Net Assets
$77,587
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
DE
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.

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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%)

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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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
7

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
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
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
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