Italian American Heritage Foundation Inc (EIN 942450114) - 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

1975

Legal Domicile

Principal Officer

Frank Deturris

Phone

4082937122

Tax Period

2025-01-01 to 2025-12-31

Italian American Heritage Foundation Inc, founded in 1975, is a small nonprofit in the Arts, Culture & Humanities sector that reported $575K in total revenue in fiscal year 2025. Revenue surged 89% from the prior year, signaling strong growth momentum. The organization ran a surplus of $375K, a strong 65% operating margin.

Mission

To promote awareness of Italian American Culture through educational social and community outreach programs.

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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 $432,706

Program Service Revenue $47,375

Investment Income $13,075

Other Revenue $81,833

TOTAL REVENUE $574,989

Expense Breakdown

Grants Paid $0

Salaries & Benefits $57,378

Fundraising Expenses $5,996

Program Expenses $125,518

Other Expenses $142,809

TOTAL EXPENSES $200,187

Year-over-Year Comparison

	2025	2024	Change
Revenue	$574,989	$303,459	+0.9%
Expenses	$200,187	$210,454	0.0%
Net Income	$374,802	$93,005	+3.0%

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

335

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
Louie Lombardo	Director	37.00	Director	$0	$0	$0
Steve Ricosa	Director	2.00	Director	$0	$0	$0
Ken Borelli	Director	41.00	Director	$0	$0	$0
Tony Zebro	Director	1.00	Director	$0	$0	$0
Madeline Demiano	Director	1.00	Director	$0	$0	$0
Frank Deturris	CFO	27.00	Officer Director	$0	$0	$0
Joe Lucito	Director	12.00	Director	$0	$0	$0
Nanci Wilborn	Director	1.00	Director	$0	$0	$0
Azie Habib	Director	30.00	Director	$0	$0	$0
Sharon McCray	Secretary	2.00	Officer Director	$0	$0	$0
Paul Greco	Director	2.00	Director	$0	$0	$0
Dana Zuccarello	President	7.00	Officer Director	$0	$0	$0
Marie Bertola	Director	1.00	Director	$0	$0	$0
Richard Stewart	Director	1.00	Director	$0	$0	$0
Mary Pizzo	Director	2.00	Director	$0	$0	$0
Susan Monahan	Director	1.00	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
2025	$574,989	$200,187	$1,294,201	$374,802
2024	$303,459	$210,454	$1,000,622	$93,005
2023	$353,867	$211,288	$902,252	$142,579
2022	$330,555	$236,410	$768,258	$94,145
2021	$184,465	$143,164	$686,341	$41,301
2020	$184,063	$133,821	$647,378	$50,242
2019	$285,633	$260,230	$575,433	$25,403
2018	$211,500	$222,422	$572,810	$-10,922

Italian American Heritage Foundation Inc