FASANO FIFTH AVENUE CLUB INC

EIN: 850568961 Recreation & Sports

NEW YORK, NY

Total Revenue
$-435,243
Total Expenses
$764,045
Total Assets
$273,154
Net Assets
$-3,843,528
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
NY
Phone
6469819914
Tax Period
2024-01-01 to 2024-12-31

FASANO FIFTH AVENUE CLUB INC, founded in 2020, is a micro nonprofit in the Recreation & Sports sector that reported $435K in total revenue in fiscal year 2024. Revenue fell 136% from the prior year — a significant decline worth monitoring.

Mission

TO OPERATE AND ORGANIZE AS A SOCIAL AND RECREATION CLUB FOR THE PLEASURE AND RECREATION OF ITS MEMBERS AND OTHER NON-PROFIT PURPOSES WITHIN THE MEANING OF SECTION 501(c)(7) OF THE IRC.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $-435,243
TOTAL REVENUE $-435,243

Expense Breakdown

Grants Paid $0
Salaries & Benefits $47,383
Fundraising Expenses $0
Other Expenses $716,662
TOTAL EXPENSES $764,045

Year-over-Year Comparison

2024 2023 Change
Revenue $-435,243 $1,200,525 -1.4%
Expenses $764,045 $2,304,073 -0.7%
Net Income $-1,199,288 $-1,103,548 +0.1%
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
2
Independent Members
2
Employees
49
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
2
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANILO TANAKA MAGRINI DIRECTOR 5.00
Officer Director
$0 $0 $0
EDNA SANTIAGO DIRECTOR 5.00
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
2024 $-435,243 $764,045 $273,154 $-1,199,288
2023 $1,200,525 $2,304,073 $179,908 $-1,103,548
2022 $787,732 $1,968,970 $91,508 $-1,181,238
2021 $127,736 $487,151 $55,487 $-359,415
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