ITALIAN HERITAGE CELEBRATION INC (EIN 946101667) - 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

1941

Legal Domicile

Principal Officer

STEVEN LEVERONI

Phone

6507379484

Tax Period

2024-05-01 to 2025-04-30

ITALIAN HERITAGE CELEBRATION INC, founded in 1941, is a small nonprofit in the Arts, Culture & Humanities sector that reported $192K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $34K, a strong 18% operating margin.

Mission

THE MISSION OF THE ORGANIZATION IS TO EDUCATE THE COMMUNITY ON ITALIAN HERITAGE AND CELEBRATE THE ITALIAN HERITAGE PARADE IN SAN FRANCISCO. THE PARADE DRAWS MANY DIVERSE ETHNIC GROUPS FROM THE STATE OF CALIFORNIA TO PARTICIPATE IN THE PARADE AND OTHER EVENTS, RECOGNIZING THE CONTRIBUTIONS OF THE ITALIAN AMERICAN PEOPLE AND THE IMPACT ON THE 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 $230,300

Program Service Revenue $3,086

Investment Income $0

Other Revenue $-41,151

TOTAL REVENUE $192,235

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $389

Program Expenses $144,435

Other Expenses $158,313

TOTAL EXPENSES $158,313

Year-over-Year Comparison

	2024	2023	Change
Revenue	$192,235	$222,095	-0.1%
Expenses	$158,313	$201,939	-0.2%
Net Income	$33,922	$20,156	+0.7%

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

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
STEVEN LEVERONI	CHAIRMAN	2.00	Officer Director	$0	$0	$0
PAUL TONELLI	PRESIDENT	1.00	Officer Director	$0	$0	$0
MOLLY LEVERONI	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOE CIARALLO	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KAREN GUGLIELMONI	SECRETARY	1.00	Officer Director	$0	$0	$0
RONALD DERENZI	TREASURER	1.00	Officer Director	$0	$0	$0
RAE MIGNOLA	BOARD EMERITUS	1.00	Director	$0	$0	$0
ESTHER BERMANI SCHAUKOWITCH	BOARD EMERITUS	1.00	Director	$0	$0	$0
BRANDI ALLAN SORACCO	DIRECTOR	1.00	Director	$0	$0	$0
FRANK BILLANTE	DIRECTOR	1.00	Director	$0	$0	$0
CLAUDIO CIPOLLINA	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES FARRUGGIA	DIRECTOR	1.00	Director	$0	$0	$0
GINA GUGLIELMONI	DIRECTOR	1.00	Director	$0	$0	$0
SHARON MEAGHER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN PARENTE	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY PASSANISI	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH CERVETTO JR	DIRECTOR	1.00	Director	$0	$0	$0
JIM FANUCCHI	DIRECTOR	1.00	Director	$0	$0	$0
TONY GIOVANZANA	DIRECTOR	1.00	Director	$0	$0	$0
TRACY DEAMICIS MCMAHAN	DIRECTOR	1.00	Director	$0	$0	$0
JOSETTE PRUDENTE MORECI	DIRECTOR	1.00	Director	$0	$0	$0
MARIA FASSIO PIGNATI	DIRECTOR	1.00	Director	$0	$0	$0
ANGELINA RAGUSA	DIRECTOR	1.00	Director	$0	$0	$0
MIA TORACCA	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH CERVETTO	DIRECTOR	1.00	Director	$0	$0	$0
BILL MASTRANGELO	DIRECTOR	1.00	Director	$0	$0	$0
FILOMINA PRUDENTE REILLY	DIRECTOR	1.00	Director	$0	$0	$0
ROBERTA ROMANI	DIRECTOR	1.00	Director	$0	$0	$0
MIA SORACCO	DIRECTOR	1.00	Director	$0	$0	$0
MARCELLO PRUDENTE REILLY	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	$192,235	$158,313	$138,537	$33,922
2024	$222,095	$201,939	$104,615	$20,156
2023	$251,921	$245,882	$84,459	$6,039
2020	$145,530	$107,300	$63,853	$38,230

ITALIAN HERITAGE CELEBRATION INC