THE LAVERGHETTA FAMILY FOUNDATION INC

EIN: 813177487 501(c)(3)

EASTCHESTER, NY

Total Revenue
$2,425
Total Expenses
$57,363
Total Assets
$428,637
Net Assets
$428,537
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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
2016
Legal Domicile
NY
Principal Officer
LUIGI LAVERGHETTA
Tax Period
2023-01-01 to 2023-12-31

THE LAVERGHETTA FAMILY FOUNDATION INC, founded in 2016, is a micro nonprofit that reported $2K in total revenue in fiscal year 2023. Revenue surged 179% from the prior year, signaling strong growth momentum. Expenses of $57K exceeded revenue, resulting in a 2265% operating deficit.

Mission

TUTION ASSISTANCE FOR STUDENTS

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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 $0
Program Service Revenue $0
Investment Income $2,425
Other Revenue $0
TOTAL REVENUE $2,425

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $57,188
Other Expenses $57,363
TOTAL EXPENSES $57,363

Year-over-Year Comparison

2023 2022 Change
Revenue $2,425 $868 +1.8%
Expenses $57,363 $34,574 +0.7%
Net Income $-54,938 $-33,706 +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

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Governance

Voting Members
5
Independent Members
2
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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH DECRESCENZO BOARD MEMBER 0.50
Director
$0 $0 $0
JOHN FONTANA BOARD MEMBER 0.50
Director
$0 $0 $0
ARIANNA LAVERGHETTA SECRETARY 0.50
Officer Director
$0 $0 $0
MARIA LAVERGHETTA PRESIDENT 0.50
Officer Director
$0 $0 $0
LUIGI LAVERGHETTA EXECUTIVE DIRECTOR 0.50
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 No data No data No data No data
2023 $2,425 $57,363 $428,637 $-54,938
2022 $868 $34,574 $526,860 $-33,706
2021 $45,215 $1,316 $517,281 $43,899
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