VENETIAN HERITAGE INC (EIN 522143244) - 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

1999

Legal Domicile

Principal Officer

CARLO BAREL D'SANT ALBANO

Phone

2124210062

Tax Period

2023-01-01 to 2023-12-31

VENETIAN HERITAGE INC, founded in 1999, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 150% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 84% operating margin.

Mission

THE MISSION OF VENETIAN HERITAGE IS TO ENCOURAGE AND SUPPORT ARTISTIC AND INTELLECTUAL INITIATIVES AND CULTURAL EXCHANGE BETWEEN THE U.S. AND ITALY; TO SAFEGUARD VENETIAN CULTURAL HERITAGE AS MANIFESTED IN ARCHITECTURE, MUSIC AND FINE ARTS IN VENICE AND ITS FORMER DOMINION; TO SPONSOR EXHIBITIONS, LECTURES AND CONFERENCES INTENDED TO STIMULATE INTEREST IN THE URGENT AND NEVER-ENDING NEEDS OF VENICE, AND TO FAMILIARIZE PEOPLE ALL OVER THE WORLD WITH THE PROBLEMS OF THE CITY.

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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 $2,129,364

Program Service Revenue $0

Investment Income $20,953

Other Revenue $0

TOTAL REVENUE $2,150,317

Expense Breakdown

Grants Paid $179,869

Salaries & Benefits $40,953

Fundraising Expenses $41,047

Program Expenses $249,017

Other Expenses $123,770

TOTAL EXPENSES $344,592

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,150,317	$861,819	+1.5%
Expenses	$344,592	$570,196	-0.4%
Net Income	$1,805,725	$291,623	+5.2%

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
PETER MARINO	CHAIRMAN/PRESIDENT	1.00	Officer Director	$0	$0	$0
PRISCILLA MILLER	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
RODMAN PRIMACK	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
THOMAS QUICK	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CARLO BAREL D'SANT ALBANO	TREASURER	1.00	Officer Director	$0	$0	$0
CAROLINE LEVY-MAZELLA DI BOSCO	SECRETARY	1.00	Officer Director	$0	$0	$0
BENIGNO AGUILAR	MANAGING DIRECTOR	1.00	Director	$0	$0	$0
EDUARDO BRANIFF	MANAGING DIRECTOR	1.00	Director	$0	$0	$0
STACEY BRONFMAN	MANAGING DIRECTOR	1.00	Director	$0	$0	$0
KEITH CHRISTIANSEN	MANAGING DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL CIOFFI	MANAGING DIRECTOR	1.00	Director	$0	$0	$0
PAULA CUSSI	MANAGING DIRECTOR	1.00	Director	$0	$0	$0
HSH PRINCE PIERRE D'ARENBERG	MANAGING DIRECTOR	1.00	Director	$0	$0	$0
SUZAN SABANCI DINCER	MANAGING DIRECTOR	1.00	Director	$0	$0	$0
LISA GIULIANI	MANAGING DIRECTOR	1.00	Director	$0	$0	$0
JULIA KOCH	MANAGING DIRECTOR	1.00	Director	$0	$0	$0
SYDNEY PICASSO	MANAGING DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE HEARST SCHWARZMAN	MANAGING DIRECTOR	1.00	Director	$0	$0	$0
TREVOR D TRAINA	MANAGING DIRECTOR	1.00	Director	$0	$0	$0
MARCO VOENA	MANAGING 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
2024	No data	No data	No data	No data
2023	$2,150,317	$344,592	$3,177,058	$1,805,725
2022	$861,819	$570,196	$1,204,293	$291,623
2021	$610,027	$481,693	$961,644	$128,334
2020	$584,505	$853,312	$831,777	$-268,807
2019	$636,018	$1,060,069	$1,085,616	$-424,051
2018	$266,489	$375,250	$1,500,416	$-108,761

VENETIAN HERITAGE INC