CONFERENCE OF PRESIDENTS OF MAJOR … - Form 990 Financial Data

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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

2020

Legal Domicile

Principal Officer

BASIL RUSSO

Tax Period

2021-01-01 to 2021-12-31

CONFERENCE OF PRESIDENTS OF MAJOR ITALIAN AMERICAN ORGANIZATIONS INC, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $380K in total revenue in fiscal year 2021.

Mission

PROMOTE ACTIVITIES TO EDUCATE COMMUNITY ABOUT ITALIAN/ITALIAN AMERICAN HISTORY,CULTURE,LANGUAGE,TRADITIONS & VALUES,WHILE CREATING A SPIRIT OF UNITY IN THE ITALIAN AMERICAN COMM.

Program Service Accomplishments

Program 1

Expenses: $384,663

TO ENROLL AS MEMBERS MAJOR ITALIAN AMERICAN ORGANIZATIONS THROUGHOUT THE COUNTRY TO WORK TOGETHER;TO CREATE A SPIRIT OF NATIONAL UNITY WITHIN THE ITALIAN AMERICAN COMMUNITY;TO ENCOURAGE MUTUAL...

TO ENROLL AS MEMBERS MAJOR ITALIAN AMERICAN ORGANIZATIONS THROUGHOUT THE COUNTRY TO WORK TOGETHER;TO CREATE A SPIRIT OF NATIONAL UNITY WITHIN THE ITALIAN AMERICAN COMMUNITY;TO ENCOURAGE MUTUAL SUPPORT AMONG SAID ORGANIZATIONS;TO PERFORM ACTIVITIES,ENGAGE IN EVENTS & DISSEMINATE INFORMATION TO THE COMMUNITY THAT WILL SERVE TO PRESERVE & PERPETUATE ITALIAN AMERICAN HISTORY,CULTURE, TRADITIONS & VALUES;TO ENHANCE THE IMAGE OF ITALIAN AMERICANS BY EDUCATING THE COMMUNITY AS TO THE HISTORICAL AND PRESENT DAY CONTRIBUTIONS AND SACRIFICES MADE BY ITALIAN AMERICANS ON BEHALF OF OUR COUNTRY.

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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 (2021)

Revenue Breakdown

Contributions & Grants $374,860

Program Service Revenue $5,273

Investment Income $0

Other Revenue $0

TOTAL REVENUE $380,133

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $384,663

Other Expenses $384,663

TOTAL EXPENSES $384,663

Year-over-Year Comparison

	2021	2020	Change
Revenue	$380,133	N/A	N/A
Expenses	$384,663	N/A	N/A
Net Income	$-4,530	$0	N/A

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	Role	Reportable Comp	Other Comp	Total
BASIL RUSSO	OFFICER	Director	$0	$0	$0
PROF SANTI BUSCEMI	OFFICER	Director	$0	$0	$0
ROSEMARY DE LUCA	OFFICER	Director	$0	$0	$0
NANCY DIFIORE QUINN	OFFICER	Director	$0	$0	$0
FRANK N DEFRANK	OFFICER	Director	$0	$0	$0
LINDA R CARLOZZI	OFFICER	Director	$0	$0	$0
JOAN PREZIOSO	OFFICER	Director	$0	$0	$0
BRENDA YOUNG	DIRECTOR	Director	$0	$0	$0
CHARLES MARSALA	DIECTOR	Director	$0	$0	$0
FRANK MASELLI	DIRECTOR	Director	$0	$0	$0
PETE MELUCCI	DIRECTOR	Director	$0	$0	$0
GABRIELE DELMONACO	DIRECTOR	Director	$0	$0	$0
PAUL PIRROTTA	DIRECTOR	Director	$0	$0	$0
UFF CAVALIERE MARIA FOSCO	DIRECTOR	Director	$0	$0	$0
ELISA COCCIA	DIRECTOR	Director	$0	$0	$0
CHRIS LOIACONO	DIRECTOR	Director	$0	$0	$0
CRAIG BUTLER	DIRECTOR	Director	$0	$0	$0
RICHARD A DILBERTO	DIRECTOR	Director	$0	$0	$0
PAULA DESANCTIS-BONAVITACOLA	DIRECTOR	Director	$0	$0	$0
PAUL BASILE	DIRECTOR	Director	$0	$0	$0
CARL CIACCIO	DIRECTOR	Director	$0	$0	$0
STEFANO ACUNTO	DIRECTOR	Director	$0	$0	$0
JAMES DI STEFANO	DIRECTOR	Director	$0	$0	$0
JOSEPH QUAGLIANO	DIRECTOR	Director	$0	$0	$0
ANGELO A CASSARO	DIRECTOR	Director	$0	$0	$0
BERARDO PARADISO	DIRECTOR	Director	$0	$0	$0
JIM ROSAPEPE	DIRECTOR	Director	$0	$0	$0
PATRICIA A SANTANGELO	DIRECTOR	Director	$0	$0	$0
DR JOSEPH SCELSA	DIRECTOR	Director	$0	$0	$0
MARIANNA GATTO	DIRECTOR	Director	$0	$0	$0
DR EMANUELE ALFANO	DIRECTOR	Director	$0	$0	$0
STEPHANIE LONGO	DIRECTOR	Director	$0	$0	$0
JAMES C LISA	DIRECTOR	Director	$0	$0	$0
TONY FICARRI	DIRECTOR	Director	$0	$0	$0
FRANCESCO GUZZI	DIRECTOR	Director	$0	$0	$0
WILLIAM CERRUTI	DIRECTOR	Director	$0	$0	$0
JOSEPH SCIAME	DIRECTOR	Director	$0	$0	$0
MARGARET I CUOMO MD	DIRECTOR	Director	$0	$0	$0
RON ONESTI	DIRECTOR	Director	$0	$0	$0
BRUNO MARASSO	DIRECTOR	Director	$0	$0	$0
CHRIS DIMATTIO	PRESIDENT	Director	$0	$0	$0
ROBERT FONTI	DIRECTOR	Director	$0	$0	$0
PIETRO SEGALINI	director	Director	$0	$0	$0
JOHN VIOLA	DIRECTOR	Director	$0	$0	$0
DR DANIEL L STABILE	DIRECTOR	Director	$0	$0	$0
FRANCIS M DONNARUMMA	DIRECTOR	Director	$0	$0	$0
ROBERT DIBIASE	DIRECTOR	Director	$0	$0	$0
ROBERT A BIANCHI ESQ	DIRECTOR	Director	$0	$0	$0
DAVID CORSI	DIRECTOR	Director	$0	$0	$0
ROBERT FERRITO	DIRECTOR	Director	$0	$0	$0
COMM JOSEPH SCIAME	DIRECTOR	Director	$0	$0	$0
TRUBY CHIAVIELLO	DIRECTOR	Director	$0	$0	$0
GINA BIANCARDI	DIRECTOR	Director	$0	$0	$0
JOAN MARCHI MIGLIORI	DIRECTOR	Director	$0	$0	$0
STEVE PELONERO	DIRECTOR	Director	$0	$0	$0
CHRISTOPHER DIMATTIO	DIRECTOR	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
2021	$380,133	$384,663	$64,954	$-4,530

CONFERENCE OF PRESIDENTS OF MAJOR ITALIAN AMERICAN ORGANIZATIONS INC