Ciao Philadelphia Global Network F… - 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

2017

Legal Domicile

Principal Officer

Joseph H Jacovini

Phone

2155757090

Tax Period

2024-01-01 to 2024-12-31

Ciao Philadelphia Global Network Foundation, founded in 2017, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $3K in total revenue in fiscal year 2024. Expenses of $4K exceeded revenue, resulting in a 42% operating deficit.

Mission

The Foundation enhances, highlights, and extends the Italian-American heritage, history and culture to the general public by creating and maintaining a virtual platform chronicling the past, present, and future contributions and accomplishments of Italian Americans in Philadelphia and the Greater Philadelphia region.

Program Service Accomplishments

Program 1

Expenses: $4,219 Revenue: $0

Work was done to continue to working on and creating content for the website.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $2,993

Other Revenue $0

TOTAL REVENUE $2,993

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,219

Other Expenses $4,255

TOTAL EXPENSES $4,255

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,993	N/A	N/A
Expenses	$4,255	$7,913	-0.5%
Net Income	$-1,262	$-7,913	-0.8%

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

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
Joseph Coradino	Chairman, Director	1.00	Director	$0	$0	$0
Joseph H Jacovini	President, Director	1.00	Director	$0	$0	$0
Philip L Rinaldi	Sec./ Treas., Director	1.00	Director	$0	$0	$0
Dominic Caruso	Director	1.00	Director	$0	$0	$0
Stacy Jacovini Storm	Director	1.00	Director	$0	$0	$0
Roberta Canepari	Director	1.00	Director	$0	$0	$0
Michael Valucci	Director	1.00		$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	$2,993	$4,255	$186,921	$-1,262
2023	No data	$7,913	$188,183	No data
2022	$38	$831	No data	$-793
2021	$26	$199	$196,889	$-173
2020	No data	$3,294	$197,062	No data

Ciao Philadelphia Global Network Foundation