Concorso Italiano Foundation

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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

2019

Legal Domicile

Principal Officer

Tom McDowell

Tax Period

2023-01-01 to 2023-12-31

Concorso Italiano Foundation, founded in 2019, is a small nonprofit that reported $591K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

To raise funds for various local and regional charities using an annual gathering of automobile enthusiasts.

Program Service Accomplishments

Program 1

Expenses: $17,382 Revenue: $0

Raise funds and contribute the the Habitat for Humanity general fund.

Program 2

Expenses: $1,785 Revenue: $0

Raise funds and contribute the the San Carlos School general fund.

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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 (2023)

Revenue Breakdown

Contributions & Grants $300,291

Program Service Revenue $290,580

Investment Income $0

Other Revenue $0

TOTAL REVENUE $590,871

Expense Breakdown

Grants Paid $19,167

Salaries & Benefits $0

Fundraising Expenses $2,744

Program Expenses $19,167

Other Expenses $590,524

TOTAL EXPENSES $609,691

Year-over-Year Comparison

	2023	2022	Change
Revenue	$590,871	$628,747	-0.1%
Expenses	$609,691	$633,064	0.0%
Net Income	$-18,820	$-4,317	+3.4%

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

Governance

Voting Members

Independent Members

N/A

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mike McDowell	Secretary	0.00	Officer	$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
2023	$590,871	$609,691	$442	$-18,820
2022	$628,747	$633,064	$19,262	$-4,317
2021	$652,861	$630,204	$23,579	$22,657