L'ITALO AMERICAN FOUNDATION

EIN: 562323163 501(c)(3) Arts, Culture & Humanities

ALTADENA, CA

Total Revenue
$267,266
Total Expenses
$278,166
Total Assets
$108,890
Net Assets
$108,890
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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
2010
Legal Domicile
CA
Principal Officer
ROBERT BARBERA
Phone
6266656367
Tax Period
2024-01-01 to 2024-12-31

L'ITALO AMERICAN FOUNDATION, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $267K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

PROMOTE ITALIAN 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $243,671
Program Service Revenue $23,319
Investment Income $35
Other Revenue $241
TOTAL REVENUE $267,266

Expense Breakdown

Grants Paid $0
Salaries & Benefits $148,748
Fundraising Expenses $0
Program Expenses $271,576
Other Expenses $129,418
TOTAL EXPENSES $278,166

Year-over-Year Comparison

2024 2023 Change
Revenue $267,266 $236,009 +0.1%
Expenses $278,166 $216,734 +0.3%
Net Income $-10,900 $19,275 -1.6%
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

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Governance

Voting Members
3
Independent Members
3
Employees
2
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT BARBERA PRESIDENT 5.00
Officer Director
$0 $0 $0
KENNETH SCAMBRAY SECRETARY 5.00
Officer Director
$0 $0 $0
MARIA GLORIA TREASURER 5.00
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 $267,266 $278,166 $108,890 $-10,900
2023 $236,009 $216,734 $119,790 $19,275
2022 $236,375 $228,277 $100,515 $8,098
2021 $239,565 $228,433 $97,556 $11,132
2020 $264,553 $261,454 $41,677 $3,099
2019 $218,855 $223,561 $38,578 $-4,706
2018 $267,417 $267,728 $59,298 $-311
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