ITALIAN CULTURAL SOC OF WASH DC INC (EIN 521148758) - 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

1978

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

ITALIAN CULTURAL SOC OF WASH DC INC, founded in 1978, is a small nonprofit in the Arts, Culture & Humanities sector that reported $743K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $707K left a modest 5% surplus.

Mission

PROMOTING THE ITALIAN LANGUAGE & CULTURE

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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 $190,952

Program Service Revenue $548,919

Investment Income $0

Other Revenue $2,690

TOTAL REVENUE $742,561

Expense Breakdown

Grants Paid $9,000

Salaries & Benefits $220,192

Fundraising Expenses $47,351

Program Expenses $503,376

Other Expenses $477,309

TOTAL EXPENSES $706,501

Year-over-Year Comparison

	2023	2022	Change
Revenue	$742,561	$654,280	+0.1%
Expenses	$706,501	$650,082	+0.1%
Net Income	$36,060	$4,198	+7.6%

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

N/A

Employees

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

$17,750

Total Directors

$102,163

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANCESCA CASAZZA-KRIEG	BOARD MEMBER AND EXECUTIVE DI	36.00	Director Highest	$84,413	$0	$84,413
ANNELISE MORANI BRODY	CHAIR OF THE BOARD	15.00	Officer Director	$17,750	$0	$17,750
SALVATORE ROMANO	BOARD MEMBER	0.00	Director	$0	$0	$0
DONATELLA MELUCCI	BOARD MEMBER	2.00	Director	$0	$0	$0
ANGELA MAGGI	BOARD MEMBER	0.00	Director	$0	$0	$0
PHIL CONTRINO	BOARD MEMBER	0.00	Director	$0	$0	$0
SARA FORDEN	BOARD MEMBER	1.00	Director	$0	$0	$0
MELITTA PATERNI	BOARD MEMBER	1.00	Director	$0	$0	$0
BRUCE ESPOSITO	TREASURER	3.00	Officer Director	$0	$0	$0
CAMILLA ACQUISTA	SECRETARY	2.00	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	$742,561	$706,501	$433,663	$36,060
2022	$654,280	$650,082	$414,238	$4,198
2021	$533,974	$548,606	$391,473	$-14,632
2020	$517,882	$514,932	$386,375	$2,950
2019	$557,176	$518,616	$382,210	$38,560
2018	$416,885	$403,356	$375,715	$13,529

ITALIAN CULTURAL SOC OF WASH DC INC