ITALIAN ATHLETIC CLUB OF AMERICA INC (EIN 946104644) - 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

Legal Domicile

Principal Officer

FRANK ALIMBINI

Phone

2096491987

Tax Period

2022-01-01 to 2022-12-31

ITALIAN ATHLETIC CLUB OF AMERICA INC is a micro nonprofit that reported $68K in total revenue in fiscal year 2022. Expenses of $80K exceeded revenue, resulting in a 17% operating deficit.

Mission

A SOCIAL CLUB CONSISTING OF APPROXIMATELY 265 MEMBERS OF ITALIAN DESCENT ORGANIZED TO PROVIDE A SOCIAL CLUB AND TO SUPPORT YOUTH SPORTS ACTIVITIES INCLUDING BASEBALL TEAMS AND ADULT BOCCE BALL TOURNAMENTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $30,690

Program Service Revenue $0

Investment Income $0

Other Revenue $37,743

TOTAL REVENUE $68,433

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,030

Fundraising Expenses $0

Other Expenses $66,706

TOTAL EXPENSES $79,736

Year-over-Year Comparison

	2022	2021	Change
Revenue	$68,433	$64,975	+0.1%
Expenses	$79,736	$39,351	+1.0%
Net Income	$-11,303	$25,624	-1.4%

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

208

Employees

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

$11,780

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kevin Lagorio	Treasurer	18.00	Officer	$11,780	$0	$11,780
RICHARD DERIVI	Secretary	5.00	Officer Director	$0	$0	$0
RICK WAGSTAFF	MINISTER	0.00	Director	$0	$0	$0
RANDI FEDI	CONDUCTOR	0.00	Director	$0	$0	$0
ROBERT BOCCOLI	Trustee	1.00	Director	$0	$0	$0
FRANK ALIMBINI	Trustee	1.00	Director	$0	$0	$0
JIM DINUBILO	Trustee	5.00	Director	$0	$0	$0
Vince Contino	Trustee	0.00	Director	$0	$0	$0
DENNIS FELLIN	President	4.00	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	No data	No data	No data	No data
2022	$68,433	$79,736	$138,540	$-11,303
2021	$58,799	$39,351	$387,567	$19,448
2020	$-6,321	$64,344	$340,817	$-70,665
2019	$269,757	$301,641	$420,057	$-31,884
2018	$256,259	$283,229	$451,360	$-26,970

ITALIAN ATHLETIC CLUB OF AMERICA INC