FESTA ITALIANA (EIN 911429841) - 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

1988

Legal Domicile

Principal Officer

Joanne Spino Marchese

Phone

2062820627

Tax Period

2023-01-01 to 2023-12-31

FESTA ITALIANA, founded in 1988, is a small nonprofit in the Arts, Culture & Humanities sector that reported $100K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $117K exceeded revenue, resulting in a 16% operating deficit.

Mission

Production of a 2 day italian festival that promotes all things italian. This festival features Italian food, crafts, entertainment, art, and an exhibit of italian societal contributions.

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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 $67,536

Program Service Revenue $0

Investment Income $36

Other Revenue $32,660

TOTAL REVENUE $100,232

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $114,968

Other Expenses $116,761

TOTAL EXPENSES $116,761

Year-over-Year Comparison

	2023	2022	Change
Revenue	$100,232	$126,914	-0.2%
Expenses	$116,761	$90,174	+0.3%
Net Income	$-16,529	$36,740	-1.4%

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

N/A

Volunteers

100

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
Gary Galeotti	Board Member	2	Director	$0	$0	$0
Tony LaStella	Board Member	2	Director	$0	$0	$0
Audrey Manzanares	Board Member	2	Director	$0	$0	$0
Michael Carrosino	Board Member, Treasurer	2	Officer Director	$0	$0	$0
Matthew Fitzgerald	Board Member	2	Director	$0	$0	$0
Joanne Spino Marchese	Board Member, President	2	Officer Director	$0	$0	$0
Martin Negrelle	Board Member, Secretary	2	Officer Director	$0	$0	$0
Doug Delaurenti	Board Member. Vice President	2	Officer Director	$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	$100,232	$116,761	$63,012	$-16,529
2022	$126,914	$90,174	$79,541	$36,740
2021	$67,933	$54,809	$42,801	$13,124
2020	$30,971	$23,236	$29,677	$7,735

FESTA ITALIANA