ARIZONA AMERICAN ITALIAN CLUB

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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

1957

Legal Domicile

Principal Officer

RICHARD CANARELLA

Phone

6029758294

Tax Period

2023-01-01 to 2023-12-31

ARIZONA AMERICAN ITALIAN CLUB, founded in 1957, is a small nonprofit that reported $236K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $113K, a strong 48% operating margin.

Mission

COMMUNITY SUPPORT / CHARITABLE AWARENESS

Program Service Accomplishments

Program 1

SCHOLARSHIPS ARE AWARDED TO DESERVING STUDENTS FOR POST SECONDARY EDUCATION EXPENSES. SPONORSHIP OF YOUTH SPORTS TEAMS AND OUTREACH TO LOCAL COMMUNITY.

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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 $78,200

Program Service Revenue $0

Investment Income $0

Other Revenue $157,975

TOTAL REVENUE $236,175

Expense Breakdown

Grants Paid $0

Salaries & Benefits $45,277

Fundraising Expenses $0

Other Expenses $77,482

TOTAL EXPENSES $122,759

Year-over-Year Comparison

	2023	2022	Change
Revenue	$236,175	$356,035	-0.3%
Expenses	$122,759	$281,842	-0.6%
Net Income	$113,416	$74,193	+0.5%

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
RICHARD CANTARELLA	PRESIDENT	030.00	Officer	$0	$0	$0
MIKE PYETTE	TRUSTEE	005.00	Officer	$0	$0	$0
MICHAEL MELLACI	VICE PRESIDENT	010.00	Officer	$0	$0	$0
MICHAEL IRWIN	TRUSTEE	002.00	Officer	$0	$0	$0
MARCO MASINI	TRUSTEE	002.00	Officer	$0	$0	$0
JOANNE ARCANGELO	TRUSTEE	002.00	Officer	$0	$0	$0
JEANIE RAVANELLI-REED	SECRETARY	005.00	Officer	$0	$0	$0
GREGG GIANNANTONIO	TREASURER	010.00	Officer	$0	$0	$0
FRANK CUCITRO	TRUSTEE	002.00	Officer	$0	$0	$0
ERNIE OAKES	TRUSTEE	002.00	Officer	$0	$0	$0
DEREK PUZZUOLI	SECRETARY	002.00	Officer	$0	$0	$0
DAWN KASNICK	TRUSTEE	002.00	Officer	$0	$0	$0
CHRISTINA CALIO DANFORD	TRUSTEE	002.00	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	No data	No data	No data	No data
2023	$236,175	$122,759	$992,053	$113,416
2022	$356,035	$281,842	$886,772	$74,193
2021	$314,253	$297,761	$849,608	$16,492
2020	$217,226	$216,372	$854,114	$854
2019	$313,822	$296,244	$874,845	$17,578
2018	$282,706	$288,052	$845,326	$-5,346