CENTRAL COUNCIL OF THE ITALIAN CAT… - 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

1924

Legal Domicile

Principal Officer

DENISE ANTONOWICZ

Phone

5106339058

Tax Period

2023-01-01 to 2023-12-31

CENTRAL COUNCIL OF THE ITALIAN CATHOLIC FEDERATION OF CALIFORNIA, founded in 1924, is a small nonprofit that reported $542K in total revenue in fiscal year 2023. Revenue surged 225% from the prior year, signaling strong growth momentum. Expenses of $480K left a modest 11% surplus.

Mission

TO UPHOLD AND DEVELOP THE RELIGIOUS SPIRIT AMONG ITS MEMBERS AND TO SPREAD THAT SPIRIT THROUGHOUT THE COMMUNITY.

Program Service Accomplishments

Program 1

AWARDED: 1)SCHOLARSHIPS TO CATHOLIC ELEMENTARY AND HIGH SCHOOL STUDENTS, 2)ASSISTANCE TO DEVELOPMENTALLY DISABLED, 3)ASSISTANCE TO COOLEY'S ANEMIA RESEARCH AND TREATMENT PROGRAM AT OAKLAND CHILDREN'S HOSPITAL, 4)ASSISTANCE TO THE YOUNG MEN TRAINING FOR THE PRIESTHOOD, 5)ASSISTANCE FOR THE CONTINUATION OF VOCATIONS. PUBLICATION OF A NATIONAL PERIODICAL. HOSPITALIZATION BENEFITS TO MEMBERS.

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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 $154,632

Program Service Revenue $274,186

Investment Income $153,329

Other Revenue $-40,125

TOTAL REVENUE $542,022

Expense Breakdown

Grants Paid $158,300

Salaries & Benefits $125,094

Fundraising Expenses $0

Other Expenses $196,973

TOTAL EXPENSES $480,367

Year-over-Year Comparison

	2023	2022	Change
Revenue	$542,022	$166,531	+2.3%
Expenses	$480,367	$460,141	+0.0%
Net Income	$61,655	$-293,610	-1.2%

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

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
LEONARD ROSSI	PARLIMENTARIAN	5.00	Officer Director	$0	$0	$0
DEBORAH RODONDI	GRAND SECRETARY	5.00	Officer Director	$0	$0	$0
ROSEMARY COOK	GRAND TRUSTEE	5.00	Officer Director	$0	$0	$0
DANTE GALEAZZI	PAST PRES	5.00	Officer Director	$0	$0	$0
ROBERT BASUINO	GRAND SENTINAL	5.00	Officer Director	$0	$0	$0
PERRY SHURKO	GRAND TRUSTEE	5.00	Officer Director	$0	$0	$0
LAUREN KILCULLEN	2ND VICE PRES	5.00	Officer Director	$0	$0	$0
DENISE ANTONOWICZ	GRAND PRESIDENT	5.00	Officer Director	$0	$0	$0
FRANKLYN LOPES JR	1ST VICE PRES	5.00	Officer Director	$0	$0	$0
LISA CRUDO	GRAND TRES	5.00	Officer Director	$0	$0	$0
REV CHRISTOPHER BENNETT	SPIRITUAL DIR	5.00	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	$542,022	$480,367	$1,538,685	$61,655
2022	$166,531	$460,141	$1,477,030	$-293,610
2021	$475,756	$521,363	$1,768,341	$-45,607
2020	$480,723	$570,152	$1,813,948	$-89,429
2019	$723,315	$606,111	$1,876,214	$117,204
2018	$492,592	$636,692	$1,764,201	$-144,100

CENTRAL COUNCIL OF THE ITALIAN CATHOLIC FEDERATION OF CALIFORNIA