Riverwalk Italian Americans & Friends Club Inc

Nonprofit profile at a glance

EIN
651011700
IRS 990-EZ coverage
2011–2025
Forms available
Form 990-EZ 2025
Location
West Palm Beach, FL, USA
Phone
5617990782
Rating confidence
Limited
Sector
Recreational l Clubs

Reported finances

Revenue
$26,173
Expenses
$26,699
Assets
$10,279
Liabilities
$1,925

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • ALLEN FORMICHELLA (PRESIDENT)
  • IRENE CICOLA (VICE PRESIDENT)
  • LEE RIENECKER (VICE PRESIDENT)

People named in this filing

  • MEG AMERICA (SECRETARY)
  • ALLEN FORMICHELLA (PRESIDENT)
  • MICHAEL CASTELLANO (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization's primary purpose is to perpetuate and celebrate the italian american heritage and traditions, to organize events and promote unity in the community and to raise funds for the benefit of variouis charities.

What it reported doing in 2025

The organization held seven different events during the year which allowed the members and the community to gather together and experience and celebrate various italian american traditions, culture, music, language and food. The organization also, through its events, exposed the membership to other cultures and traditions contributing to living as americans with tolerance and understanding. The organization also made charitable donations to four local charities, all of which were 501(c)(3) organizations.

Operating model

Revenue model
Earned-program. 87% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 82
  • Sustainability: 34
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -2%; rating input score 39; 39th percentile among comparable filings
  • Total-asset coverage ratio: 0.38; rating input score 27; 27th percentile among comparable filings
  • Liabilities to assets ratio: 0.19; rating input score 12; 12th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 7.3% per year; rating input score 100; 75th percentile among comparable filings
  • Asset growth: 9.5% per year; rating input score 100; 69th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 14 filing years from 2011 to 2025
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Operating margin scored 39/100.
  • High — Sustainability: Total-asset coverage ratio scored 27/100.
  • High — Sustainability: Liabilities to assets ratio scored 12/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.