AMERICAN ITALIAN RENAISSANCE FOUNDATION (EIN 720833674) - 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

1984

Legal Domicile

Principal Officer

FRANK MASELLI

Phone

5045227294

Tax Period

2023-01-01 to 2023-12-31

AMERICAN ITALIAN RENAISSANCE FOUNDATION, founded in 1984, is a small nonprofit in the Arts, Culture & Humanities sector that reported $426K in total revenue in fiscal year 2023. Expenses of $590K exceeded revenue, resulting in a 39% operating deficit.

Mission

PROMOTE AMERICAN ITALIAN HERITAGE 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 (2023)

Revenue Breakdown

Contributions & Grants $132,815

Program Service Revenue $232,012

Investment Income $0

Other Revenue $61,078

TOTAL REVENUE $425,905

Expense Breakdown

Grants Paid $10,500

Salaries & Benefits $166,707

Fundraising Expenses $0

Program Expenses $501,271

Other Expenses $412,862

TOTAL EXPENSES $590,069

Year-over-Year Comparison

	2023	2022	Change
Revenue	$425,905	$420,511	+0.0%
Expenses	$590,069	$442,392	+0.3%
Net Income	$-164,164	$-21,881	+6.5%

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

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
DR PHILLIP CANCILLERI	PRESIDENT	2.00	Officer Director	$0	$0	$0
FRANK MASELLI	CHAIRMAN	2.00	Officer Director	$0	$0	$0
JOSEPH CANIZARO	BOARD MEMBER	2.00	Director	$0	$0	$0
MIKE CAMMARATA	BOARD MEMBER	2.00	Director	$0	$0	$0
JAY CICERO JR	BOARD MEMBER	2.00	Director	$0	$0	$0
LOUIS LAURICELLA	BOARD MEMBER	2.00	Director	$0	$0	$0
CHARLES MARSALA	BOARD MEMBER	2.00	Director	$0	$0	$0
STEVE SCALISE CONGRESSMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
DR JOSEPH V SCELSA	BOARD MEMBER	2.00	Director	$0	$0	$0
JOSEPH MANNINO	BOARD MEMBER	2.00	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	$425,905	$590,069	$1,121,290	$-164,164
2022	$420,511	$442,392	$974,610	$-21,881
2021	$603,681	$334,884	$1,027,850	$268,797
2019	$361,004	$363,365	$817,353	$-2,361
2018	$556,692	$480,487	$826,411	$76,205

AMERICAN ITALIAN RENAISSANCE FOUNDATION