ITALIAN AMERICAN CLUB (EIN 886004596) - 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

1960

Legal Domicile

Principal Officer

ANGELO CASSARO

Phone

7023821469

Tax Period

2023-01-01 to 2023-12-31

ITALIAN AMERICAN CLUB, founded in 1960, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Expenses of $940K left a modest 8% surplus.

Mission

SCHOLARSHIPS AND SOCIAL

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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 $32,024

Program Service Revenue $0

Investment Income $975

Other Revenue $986,427

TOTAL REVENUE $1,019,426

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $940,011

TOTAL EXPENSES $940,011

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,019,426	$1,009,823	+0.0%
Expenses	$940,011	$991,488	-0.1%
Net Income	$79,415	$18,335	+3.3%

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

Employees

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
GABRIELLA QUARANTELLO	DIRECTOR	0.00	Director	$0	$0	$0
TERRY MAYFIELD	DIRECTOR	0.00	Director	$0	$0	$0
JOE CASSARO	DIRECTOR	0.00	Director	$0	$0	$0
BRUNO PELLA III	DIRECTOR	0.00	Director	$0	$0	$0
DAVID GIANNOTTI	DIRECTOR	0.00	Director	$0	$0	$0
JOHN RULLI	DIRECTOR	0.00	Director	$0	$0	$0
ANGELO CASSARO	PRESIDENT	2.00	Officer	$0	$0	$0
ANTHONY RICEVUTO	VICE-PRES	0.00	Officer	$0	$0	$0
NINA FALLICO	SECRETARY	0.00	Officer	$0	$0	$0
DARIO BASSO	TREASURER	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
2024	No data	No data	No data	No data
2023	$1,019,426	$940,011	$782,425	$79,415
2022	$1,009,823	$991,488	$702,155	$18,335
2021	$1,047,311	$977,658	$706,404	$69,653
2020	$422,654	$403,194	$642,740	$19,460
2018	$729,933	$706,335	$675,260	$23,598

ITALIAN AMERICAN CLUB