SOCIETA GARIBALDINA DI MUTUA BENEFICENZA

EIN: 951868145 Arts, Culture & Humanities

LOS ANGELES, CA

Total Revenue
$351,254
Total Expenses
$376,439
Total Assets
$277,206
Net Assets
$261,730
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1925
Legal Domicile
CA
Principal Officer
PHILLIP DEL RIVO
Phone
3232235005
Tax Period
2023-01-01 to 2023-12-31

SOCIETA GARIBALDINA DI MUTUA BENEFICENZA, founded in 1925, is a small nonprofit in the Arts, Culture & Humanities sector that reported $351K in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum.

Mission

THE GARIBALDINA M.B. SOCIETY IS AN ITALIAN-AMERICAN HERITAGE SOCIAL BENEFIT ORGANIZATION FOUNDED IN LOS ANGELES IN 1877. THE SOCIETY'S GOAL IS TO SHARE THE HISTORY OF MERICAN CULTURE IN CALIFORNIA, PROMOTE CULTURAL UNDERSTANDING, BE PART OF THE FABRIC OF THE COMMUNITY AND ENCOURAGE VOLUNTEER SERVICE. iN ADITION TO COMUNITY OUTREACH THE SOCIETY MAINTAINS A COMMUNITY CENTER WITH THE ONLY COMPETITION iTALIAN BOCCE COURTS IN SOUTHERN CALIFORNIA.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $43,828
Program Service Revenue $307,412
Investment Income $14
Other Revenue $0
TOTAL REVENUE $351,254

Expense Breakdown

Grants Paid $1,000
Salaries & Benefits $24,748
Fundraising Expenses $0
Program Expenses $239,038
Other Expenses $350,691
TOTAL EXPENSES $376,439

Year-over-Year Comparison

2023 2022 Change
Revenue $351,254 $232,425 +0.5%
Expenses $376,439 $183,090 +1.1%
Net Income $-25,185 $49,335 -1.5%
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

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Governance

Voting Members
15
Independent Members
15
Employees
15
Volunteers
40

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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS WELLS Vice President 5.00
Officer
$0 $0 $0
NICOLE INFANTE President 10.00
Officer
$0 $0 $0
KATHI HANNUM Treasurer 10.00
Officer
$0 $0 $0
PHILLIP DEL RIVO Treasurer 10.00
Officer
$0 $0 $0
CORDELIA SHERLAND Secretary 10.00
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
2023 $351,254 $376,439 $277,206 $-25,185
2021 $171,974 $107,744 $257,892 $64,230
2019 $193,240 $203,715 $224,020 $-10,475
2018 $242,698 $217,460 $244,332 $25,238
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