ASSOCIATED ITALIAN AMERICAN CHARITIES OF MARYLAND

EIN: 526057324 501(c)(3) Education

MANCHESTER, MD

Total Revenue
$847,057
Total Expenses
$1,044,636
Total Assets
$1,809,004
Net Assets
$1,809,004
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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
MD
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.

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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 (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

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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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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