Il Circolo Inc (EIN 591742639) - 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

1977

Legal Domicile

Phone

5612006300

Tax Period

2024-06-01 to 2025-05-31

Il Circolo Inc, founded in 1977, is a small nonprofit that reported $292K in total revenue in fiscal year 2024. The organization ran a surplus of $134K, a strong 46% operating margin.

Mission

SUPPORT AND PROMOTE ITALIAN ARTS AND 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 (2024)

Revenue Breakdown

Contributions & Grants $282,210

Program Service Revenue $10,225

Investment Income $0

Other Revenue $25

TOTAL REVENUE $292,460

Expense Breakdown

Grants Paid $45,853

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $55,199

Other Expenses $113,022

TOTAL EXPENSES $158,875

Year-over-Year Comparison

	2024	2023	Change
Revenue	$292,460	$271,491	+0.1%
Expenses	$158,875	$189,788	-0.2%
Net Income	$133,585	$81,703	+0.6%

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

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
Robert J De Angelis	Treasurer	20.00	Director	$0	$0	$0
Rose De Angelis	Director	1.00	Director	$0	$0	$0
Antonella Balzano	Director	1.00	Director	$0	$0	$0
Lora David	Director	1.00	Director	$0	$0	$0
John Diprato	Executive Vice President	1.00	Director	$0	$0	$0
Paul Finizio	President	10.00	Director	$0	$0	$0
Paolo Mangia	Director	1.00	Director	$0	$0	$0
Tony Phillips	Director	1.00	Director	$0	$0	$0
Chris Salamone	Vice President	1.00	Director	$0	$0	$0
Sally Valenti	Director	10.00	Director	$0	$0	$0
Ilaria Serra	Director	1.00	Director	$0	$0	$0
Antoinette Vigilante	Director	1.00	Director	$0	$0	$0
Sallee Adamo	Director	1.00	Director	$0	$0	$0
Regina Peters	Director	1.00	Director	$0	$0	$0
Anthony Yazzetti	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
2025	$292,460	$158,875	$382,569	$133,585
2024	$271,491	$189,788	$206,662	$81,703
2023	$46,387	$113,157	$133,863	$-66,770
2023	$46,387	$113,157	$133,863	$-66,770
2022	$149,756	$96,634	$185,623	$53,122
2020	$117,513	$87,890	$143,652	$29,623

Il Circolo Inc