CASA ITALIANA ITALIAN CULTURAL CENTER (EIN 853130980) - Form 990 Financial Analysis & Trantor Score

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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

MARTIN NIGRELLE

Phone

2067357152

Tax Period

2024-01-01 to 2024-12-31

CASA ITALIANA ITALIAN CULTURAL CENTER, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $142K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $200K exceeded revenue, resulting in a 41% operating deficit.

Mission

To provide access to the general public to the Italian culture, history and people and provide activities that help to accomplish this.

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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 $133,090

Program Service Revenue $11,270

Investment Income $37

Other Revenue $-2,131

TOTAL REVENUE $142,266

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,718

Fundraising Expenses $0

Program Expenses $175,152

Other Expenses $191,583

TOTAL EXPENSES $200,301

Year-over-Year Comparison

	2024	2023	Change
Revenue	$142,266	$155,101	-0.1%
Expenses	$200,301	$295,150	-0.3%
Net Income	$-58,035	$-140,049	-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

Governance

Voting Members

Independent Members

N/A

Employees

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
JERRY MASCIO	Trustee	2.00	Director	$0	$0	$0
JOSEPH MEGALE	Trustee	2.00	Officer Director	$0	$0	$0
THERESE BIANCHI	Trustee	2.00	Director	$0	$0	$0
JOHN DEVITIS	Trustee	2.00	Director	$0	$0	$0
TOM GROSSI	Trustee	2.00	Director	$0	$0	$0
DAVID BIANCHI	Trustee	2.00	Director	$0	$0	$0
MARTIN NIGRELLE	President	2.00	Officer	$0	$0	$0
JEN PROVENZANO	SECRETARY	2.00	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	$142,266	$200,301	$2,010,568	$-58,035
2023	$155,101	$295,150	$1,840,631	$-140,049
2022	$210,080	$206,954	$1,607,370	$3,126
2021	$466,164	$213,417	$1,603,406	$252,747
2020	$545,742	$23,613	$1,477,129	$522,129

CASA ITALIANA ITALIAN CULTURAL CENTER