ARIZONA AMERICAN ITALIAN CLUB

EIN: 866065019

PHOENIX, AZ

Total Revenue
$236,175
Total Expenses
$122,759
Total Assets
$992,053
Net Assets
$900,979
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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
AZ
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

CASH CONTRIBUTIONS TO VARIOUS 501C3 ORGANIZATION DONATIONS OF MEETING ROOMS TO CHARITABLE ORGANIZATIONS FUNDRAISING ACTIVITIES TO SUPPORT THE FACILITY AND FOR DONATION TO THE 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%)

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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

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Governance

Voting Members
13
Independent Members
N/A
Employees
18
Volunteers
13

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
13
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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