Italy America Chamber of Commerce of Texas

EIN: 760385986

Houston, TX

Total Revenue
$655,938
Total Expenses
$620,794
Total Assets
$273,477
Net Assets
$268,310
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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
1992
Legal Domicile
TX
Principal Officer
Alessia Paolicchi
Phone
7136269303
Tax Period
2023-01-01 to 2023-12-31

Italy America Chamber of Commerce of Texas, founded in 1992, is a small nonprofit that reported $656K in total revenue in fiscal year 2023. Expenses of $621K left a modest 5% surplus.

Mission

The Italy America Chamber of Commerce of Texas promotes trade relations between businesses in Italy and the United States with particular focus on Texas

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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 (2023)

Revenue Breakdown

Contributions & Grants $293,117
Program Service Revenue $362,821
Investment Income $0
Other Revenue $0
TOTAL REVENUE $655,938

Expense Breakdown

Grants Paid $0
Salaries & Benefits $335,992
Fundraising Expenses $0
Program Expenses $476,202
Other Expenses $284,802
TOTAL EXPENSES $620,794

Year-over-Year Comparison

2023 2022 Change
Revenue $655,938 $614,475 +0.1%
Expenses $620,794 $639,697 0.0%
Net Income $35,144 $-25,222 -2.4%
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
14
Independent Members
9
Employees
5
Volunteers
15

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
1
$93,598
Total Directors
14
$93,598
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alessia Paolicchi Executive Dir. 40.00
Officer Director
$93,598 $0 $93,598
Brando Ballerini President 2.00
Director
$0 $0 $0
Roberto Noce Vice President 1.00
Director
$0 $0 $0
Mario Schiavo Trustee 1.00
Director
$0 $0 $0
Angelo Ferrari Trustee 1.00
Director
$0 $0 $0
Massimiliano Tosi Trustee 1.00
Director
$0 $0 $0
Paolo Valente Trustee 1.00
Director
$0 $0 $0
Carlo Di Nunzio Trustee 1.00
Director
$0 $0 $0
Mauro Lorenzini Trustee 1.00
Director
$0 $0 $0
Filippo Spezzapria Trustee 0.00
Director
$0 $0 $0
Niccolo Lorimer Trustee 0.00
Director
$0 $0 $0
Frank Cerza Treasurer 0.00
Director
$0 $0 $0
Andrea Benedetti Trustee 0.00
Director
$0 $0 $0
Fabrizio Giustarini Trustee 0.00
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 $655,938 $620,794 $273,477 $35,144
2022 $614,475 $639,697 $248,446 $-25,222
2021 $687,419 $671,759 $285,869 $15,660
2020 $601,145 $583,008 $366,057 $18,137
2019 $828,269 $765,006 $374,099 $63,263
2018 $669,915 $610,076 $294,607 $59,839
2017 $541,736 $565,433 $121,847 $-23,697
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