SONS OF ITALY IN AMERICA

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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

1916

Legal Domicile

Principal Officer

JAMES LEMMON

Phone

3023282436

Tax Period

2023-01-01 to 2023-12-31

SONS OF ITALY IN AMERICA, founded in 1916, is a small nonprofit in the Mutual Benefit sector that reported $397K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $351K left a modest 11% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO ENCOURAGE THE STUDY OF ITALIAN LANGUAGE AND CULTURE IN AMERICAN SCHOOLS AND UNIVERSITIES; PRESERVING ITALIAN AMERICAN TRADITIONS, CULTURE, HISTORY AND HERITAGE, AND PROMOTING CLOSER CULTURAL RELATIONS BETWEEN UNITED STATES AND ITALY.

Program Service Accomplishments

Program 1

EDUCATIONAL SCHOLARSHIPS: ARE AWARDED ON A YEARLY BASIS TO CHILDREN OF LODGE MEMBERS WHO APPLY AND MEET THE CRITERIA. THE ORGANIZATION PRMOTES FURTHER EDUCATION FROM HIGH SCHOOL THRU COLLEGE...

EDUCATIONAL SCHOLARSHIPS: ARE AWARDED ON A YEARLY BASIS TO CHILDREN OF LODGE MEMBERS WHO APPLY AND MEET THE CRITERIA. THE ORGANIZATION PRMOTES FURTHER EDUCATION FROM HIGH SCHOOL THRU COLLEGE. SCHOLARHIP AMOUNTS RANGE FROM 500 TO 1,000. ITALIAN CULTURAL LANGUAGE CLASSES: ARE HELD YEARLY AT SUMMER CAMP IN THE NEW CASTLE AREA AND IS OPEN TO ANYONE INTERESTED. THE PRINCE OF PIEDMONT LODGE SPONSORS FOUR (4) PERSONS AT A COST OF 250 EACH YEAR. BOCCE LEAGES: THE BOCCE LEAGUES HAVE BEEN ESTABLISHED, NOT ONLY WITH THE MEMBERS, BUT FOR STATE AND LOCAL LODGES TO CONTINUE AN ITALIAN HERITAGE IN THE COMMUNITY. DURING BOCCE LEAGUE LIGHT FAIR IS PROVIDED TO ALL WHO ATTEND. HOLIDAY DINNERS: NEW YEAR'S DAY, GOOD FRIDAY, EASTER SUNDAY, JULY 4TH, THANKSGIVING, CHRISTMAS. THE ORGANIZATION PROVIDE FREE BUFFET MEALS TO ALL MEMBERS AS A GESTURE OF HOSPITALITY.

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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 $90,000

Program Service Revenue $0

Investment Income $233

Other Revenue $306,756

TOTAL REVENUE $396,989

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,924

Fundraising Expenses $0

Other Expenses $316,461

TOTAL EXPENSES $351,385

Year-over-Year Comparison

	2023	2022	Change
Revenue	$396,989	$363,566	+0.1%
Expenses	$351,385	$278,268	+0.3%
Net Income	$45,604	$85,298	-0.5%

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
MICHAEL CAUTILLO	TREASURER	N/A	Officer Director	$0	$0	$0
JAMES LEMMON	PRESIDENT	N/A	Officer Director	$0	$0	$0
MARIE MALATESTA	SECRETARY	N/A	Officer Director	$0	$0	$0
DONNA MERIGGI	FINANCIAL DI	N/A	Officer Director	$0	$0	$0
MICHAEL MODICA	ORATOR	N/A	Officer Director	$0	$0	$0
TODD REESE	VICE PRESIDE	N/A	Officer 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	$396,989	$351,385	$666,658	$45,604
2022	$363,566	$278,268	$621,052	$85,298
2021	$268,353	$251,265	$535,755	$17,088
2020	$159,786	$195,859	$518,665	$-36,073
2019	$128,580	$176,598	$554,740	$-48,018
2018	$157,179	$181,309	$602,758	$-24,130