ITALIAN AMERICAN MUSEUM OF CLEVELAND INC

EIN: 933820357 501(c)(3) Arts, Culture & Humanities

CLEVELAND, OH

Total Revenue
$75,050
Total Expenses
$42,239
Total Assets
$84,554
Net Assets
$84,554
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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
OH
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.

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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%)

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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

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Governance

Voting Members
5
Independent Members
5
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
1
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
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
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