ITALIAN HERITAGE COMMITTEE OF NORWI (EIN 911989316) - 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

1993

Legal Domicile

Principal Officer

FRANK JACARUSO

Tax Period

2025-01-01 to 2025-12-31

ITALIAN HERITAGE COMMITTEE OF NORWI, founded in 1993, is a micro nonprofit in the Education sector that reported $18K in total revenue in fiscal year 2025. Revenue surged 54% from the prior year, signaling strong growth momentum. Expenses of $16K left a modest 11% surplus.

Mission

CARRY ON AND PROMOTE ANNUAL SCHOLARSHIP AWARDS

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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 (2025)

Revenue Breakdown

Contributions & Grants $7,074

Program Service Revenue $6,928

Investment Income $4,478

Other Revenue $-255

TOTAL REVENUE $18,225

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $14,297

Other Expenses $16,190

TOTAL EXPENSES $16,190

Year-over-Year Comparison

	2025	2024	Change
Revenue	$18,225	$11,839	+0.5%
Expenses	$16,190	$7,983	+1.0%
Net Income	$2,035	$3,856	-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

N/A

Independent Members

N/A

Employees

N/A

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
FRANK JACARUSO	PRESIDENT	N/A	Officer	$0	$0	$0
FRANK MANFREDI	V. PRES	N/A	Officer	$0	$0	$0
JOHN MARINE	SECRETARY	N/A	Officer	$0	$0	$0
MARK TRAMONTOZZI	TREASURER	N/A	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
2025	$18,225	$16,190	$311,436	$2,035
2024	$11,839	$7,983	$271,765	$3,856
2023	$12,204	$11,896	$267,909	$308
2022	$10,198	$8,865	$267,601	$1,333
2021	$16,885	$15,528	$266,268	$1,357
2020	$13,325	$8,366	$264,911	$4,959
2019	$8,658	$7,738	$259,822	$920
2018	$17,878	$6,029	$258,902	$11,849

ITALIAN HERITAGE COMMITTEE OF NORWI