ASSOCIATED ITALIAN AMERICAN CHARIT… - 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

1953

Legal Domicile

Phone

4437915726

Tax Period

2024-01-01 to 2024-12-31

ASSOCIATED ITALIAN AMERICAN CHARITIES OF MARYLAND, founded in 1953, is a small nonprofit in the Education sector that reported $847K in total revenue in fiscal year 2024. Expenses of $1.0M exceeded revenue, resulting in a 23% operating deficit.

Mission

RAISE FUNDS TO CONTRIBUTE TO QUALIFIED CHARITABLE ORGANIZATIONS AND MAKE SCHOLARSHIPS TO STUDENTS IN NEED.

Program Service Accomplishments

Program 1

Expenses: $513,172

RAISE FUNDS TO CONTRIBUTE TO QUALIFIED CHARITABLE ORGANIZATIONS

Program 2

Expenses: $94,500

AIAC FUNDED SCHOLARSHIPS TO STUDENTS IN NEED.

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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 (2024)

Revenue Breakdown

Contributions & Grants $783,757

Program Service Revenue $0

Investment Income $63,300

Other Revenue $0

TOTAL REVENUE $847,057

Expense Breakdown

Grants Paid $607,672

Salaries & Benefits $0

Fundraising Expenses $422,216

Program Expenses $607,672

Other Expenses $436,964

TOTAL EXPENSES $1,044,636

Year-over-Year Comparison

	2024	2023	Change
Revenue	$847,057	$858,277	0.0%
Expenses	$1,044,636	$831,613	+0.3%
Net Income	$-197,579	$26,664	-8.4%

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

100

Independent Members

N/A

Employees

N/A

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
PATRICK DYER	PRESIDENT	0.00	Officer	$0	$0	$0
PHIL LAZZATI	VP	0.00	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	$847,057	$1,044,636	$1,809,004	$-197,579
2023	$858,277	$831,613	$1,925,787	$26,664
2018	$323,414	$350,218	$1,452,203	$-26,804

ASSOCIATED ITALIAN AMERICAN CHARITIES OF MARYLAND