ITALIAN CEMETERY INC (EIN 942478842) - 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

1978

Legal Domicile

Principal Officer

JOSEPH SILVESTRI

Phone

6507551511

Tax Period

2023-11-01 to 2024-10-31

ITALIAN CEMETERY INC, founded in 1978, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $255K, a strong 17% operating margin.

Mission

ITALIAN CEMETERY, INC. OPERATES A CEMETERY WHICH SELLS GRAVE AND MAUSOLEUM SPACE ON A PRE-NEED AND AT-NEED BASIS.

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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 $0

Program Service Revenue $0

Investment Income $284,511

Other Revenue $1,229,399

TOTAL REVENUE $1,513,910

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,036,006

Fundraising Expenses $0

Other Expenses $223,137

TOTAL EXPENSES $1,259,143

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,513,910	$1,335,727	+0.1%
Expenses	$1,259,143	$1,336,906	-0.1%
Net Income	$254,767	$-1,179	-217.1%

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

$188,003

Total Directors

$23,155

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE BALESTRIERI	VICE PRESIDENT	1.50	Officer Director	$3,350	$0	$3,350
JACQUELINE Z GHIO	SECRETARY	1.50	Officer Director	$3,225	$0	$3,225
JOSEPH SILVESTRI	PRESIDENT	3.50	Officer Director	$5,300	$0	$5,300
KENNETH E RUSSI	TREASURER	2.00	Officer Director	$4,080	$0	$4,080
JOHN GHIO	DIRECTOR	1.50	Director	$2,475	$0	$2,475
TERRY ANDERLINI	DIRECTOR	1.50	Director	$0	$0	$0
BRIAN RUSSI	DIRECTOR	1.50	Director	$2,475	$0	$2,475
STEVE LEVERONI	DIRECTOR	1.50	Director	$2,250	$0	$2,250
STEVE CHIAPPARI	MANAGER	40.00	Officer	$145,887	$26,161	$172,048

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	$1,513,910	$1,259,143	$6,406,627	$254,767
2023	$1,335,727	$1,336,906	$6,067,424	$-1,179
2022	$1,553,101	$1,177,458	$6,099,589	$375,643
2021	$1,249,799	$1,088,948	$5,979,942	$160,851
2020	$1,301,140	$1,160,922	$5,814,107	$140,218
2019	$1,004,621	$1,091,146	$5,662,067	$-86,525
2018	$916,021	$1,124,304	$5,585,629	$-208,283

ITALIAN CEMETERY INC