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)

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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

Program Service Accomplishments

Program 1
Expenses: $379,109 Revenue: $293,336

Conducting trade missions between Texas and Italy

Program 2
Expenses: $89,720 Revenue: $65,112

Conducting business fairs for Italian companies to make network connections in the US and to enable US companies to network with Italian companies.

Program 3
Expenses: $7,373 Revenue: $7,373

Business services

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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

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Liquidity & Cash Position

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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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