FONDAZIONE ITALIA

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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

1998

Legal Domicile

Principal Officer

PAOLO MILIOZZI

Phone

3107399350

Tax Period

2024-01-01 to 2024-12-31

FONDAZIONE ITALIA, founded in 1998, is a small nonprofit in the Education sector that reported $366K in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $334K left a modest 9% surplus.

Mission

TO PROMOTE AND SUPPORT THE TEACHING OF THE ITALIAN LANGUAGE AND CULTURE.

Program Service Accomplishments

Program 1

Expenses: $143,614 Revenue: $296,798

OFFERED EXTRACURRICULAR ITALIAN CLASSES AND WORKSHOPS FOR CHILDREN AND ADULTS INCLUDING SALE OF TEXTBOOKS.

Program 2

Expenses: $54,215 Revenue: $67,567

COORDINATED STUDENTS' PARTICIPATION IN INTENSIVE ITALIAN LANGUAGE AND CULTURE PROGRAMS IN ITALY.

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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 $10,960

Program Service Revenue $353,405

Investment Income $1,606

Other Revenue $0

TOTAL REVENUE $365,971

Expense Breakdown

Grants Paid $800

Salaries & Benefits $205,124

Fundraising Expenses $0

Program Expenses $197,829

Other Expenses $128,085

TOTAL EXPENSES $334,009

Year-over-Year Comparison

	2024	2023	Change
Revenue	$365,971	$262,514	+0.4%
Expenses	$334,009	$261,606	+0.3%
Net Income	$31,962	$908	+34.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
PAOLO MILIOZZI	PRESIDENT	Officer Director	$0	$0	$0
GINO GAUDIO	TREASURER	Officer Director	$0	$0	$0
STEPHANIE MAZZARELLO	SECRETARY	Officer Director	$0	$0	$0
LOUIS DICENZO	DIRECTOR	Director	$0	$0	$0
CLORINDA DONATO	DIRECTOR	Director	$0	$0	$0
BRYAN MAZZARELLO	DIRECTOR	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
2024	$365,971	$334,009	$242,043	$31,962
2023	$262,514	$261,606	$171,378	$908
2022	$199,155	$203,193	$141,115	$-4,038
2021	$245,704	$210,577	$194,768	$35,127
2020	$431,789	$394,197	$200,371	$37,592
2019	$313,947	$307,468	$21,381	$6,479
2018	$291,711	$294,170	$27,172	$-2,459