Lucca Language and Arts Inc

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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

2022

Legal Domicile

Principal Officer

JAMES R MASSOL

Phone

4077970088

Tax Period

2023-11-01 to 2024-10-31

Lucca Language and Arts Inc, founded in 2022, is a small nonprofit in the Arts, Culture & Humanities sector that reported $163K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $158K left a modest 3% surplus.

Mission

Provide educational opportunities in Italian language instruction, as well as in the arts, including visual and performing arts.

Program Service Accomplishments

Program 1

The faculty taught Italian language, voice lessons, piano, and composition. They led coachings, rehearsals, and performances.

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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 $200

Program Service Revenue $163,267

Investment Income $0

Other Revenue $0

TOTAL REVENUE $163,467

Expense Breakdown

Grants Paid $0

Salaries & Benefits $78,911

Fundraising Expenses $0

Other Expenses $78,963

TOTAL EXPENSES $157,874

Year-over-Year Comparison

	2023	2022	Change
Revenue	$163,467	$143,232	+0.1%
Expenses	$157,874	$140,957	+0.1%
Net Income	$5,593	$2,275	+1.5%

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

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
ADAM SCHWALJE	Treasurer	N/A	Officer	$0	$0	$0
RACHEL WHITNEY	Vice President	N/A	Officer	$0	$0	$0
RAPHAEL FUSCO	Secretary	N/A	Officer	$0	$0	$0
ANNE GILLIS	Director	N/A	Director	$0	$0	$0
JAMES MASSOL	President	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
2024	$163,467	$157,874	$8,273	$5,593