ITALIAN AMERICAN MUSEUM OF CLEVELA… - Form 990 Financial Data

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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

2024

Legal Domicile

Phone

3302852950

Tax Period

2024-01-01 to 2024-12-31

ITALIAN AMERICAN MUSEUM OF CLEVELAND INC, founded in 2024, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $75K in total revenue in fiscal year 2024. The organization ran a surplus of $33K, a strong 44% operating margin.

Mission

ALONGSIDE THE WESTERN RESERVE HISTORICAL SOCIETY, THIS ORGANIZATION STRIVES TO EDUCATE THE PUBLIC ABOUT ITALIAN AMERICAN HISTORY THROUGH EXHIBITS AND EVENTS.

Program Service Accomplishments

Program 1

Expenses: $42,239

THROUGH STUNNING EXHIBITS AND IMMERSIVE EVENTS, THIS ORGANIZATION PROMOTES AND CULTIVATES 150 YEARS OF HISTORY AND CULTURE IN OUR CITY AND REGION. WE WORK IN PARTNERSHIP WITH THE WESTERN RESERVCE...

THROUGH STUNNING EXHIBITS AND IMMERSIVE EVENTS, THIS ORGANIZATION PROMOTES AND CULTIVATES 150 YEARS OF HISTORY AND CULTURE IN OUR CITY AND REGION. WE WORK IN PARTNERSHIP WITH THE WESTERN RESERVCE HISTORICAL SOCIETY TO DOCUMENT OUR LOCAL HISTORY AND UTILIZE MATERIALS TO EDUCATE THE PUBLIC ABOUT ITALIAN AMERICAN HISTORY AND TO STRENGTHEN THE BONDS WITHIN THE ITIALIAN AMERICAN 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $75,050

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $75,050

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $42,239

Other Expenses $42,239

TOTAL EXPENSES $42,239

Year-over-Year Comparison

	2024	2023	Change
Revenue	$75,050	N/A	N/A
Expenses	$42,239	N/A	N/A
Net Income	$32,811	N/A	N/A

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
MARIE FRANK	TRUSTEE	0.50	Director	$0	$0	$0
PATRICIA RUSSO	TRUSTEE	0.50	Director	$0	$0	$0
PEGGY ZONE-FISHER	TRUSTEE	0.50	Director	$0	$0	$0
PAMELA DORAZIO DEAN	DIRECTOR	20.00	Director	$0	$0	$0
BASIL RUSSO	PRESIDENT	1.00	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	$75,050	$42,239	$84,554	$32,811

ITALIAN AMERICAN MUSEUM OF CLEVELAND INC