IRANIAN ASSOCIATION OF BOSTON INC (EIN 043031254) - 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

1989

Legal Domicile

Principal Officer

PATRICIA LOVEDAY

Phone

6179244726

Tax Period

2024-04-01 to 2025-03-31

IRANIAN ASSOCIATION OF BOSTON INC, founded in 1989, is a small nonprofit in the Arts, Culture & Humanities sector that reported $182K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $212K exceeded revenue, resulting in a 17% operating deficit.

Mission

THE IRANIAN ASSOCIATION OF BOSTON IS DEDICATED TO PROMOTING THE CULTURAL AND SOCIAL UNDERSTANDING OF IRANIAN AMERICANS.

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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 $45,313

Program Service Revenue $96,750

Investment Income $1,957

Other Revenue $37,795

TOTAL REVENUE $181,815

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $122,668

Other Expenses $212,461

TOTAL EXPENSES $212,461

Year-over-Year Comparison

	2024	2023	Change
Revenue	$181,815	$233,590	-0.2%
Expenses	$212,461	$229,096	-0.1%
Net Income	$-30,646	$4,494	-7.8%

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
SAEED SHAFIYAN RAD	PRESIDENT	2.50	Officer Director	$0	$0	$0
ADAM GOODMAN	TREASURER	2.50	Officer Director	$0	$0	$0
PATRICIA LOVEDAY	ACCOUNTANT	2.50	Officer Director	$0	$0	$0
MAHMOUD KETABI	AUDITOR	2.50	Officer Director	$0	$0	$0
LALEH AHMADZADI	DIRECTOR	2.50	Director	$0	$0	$0
SHIMA JAFARIAN	DIRECTOR	2.50	Director	$0	$0	$0
KIANOUSH KATCHAR	DIRECTOR	2.50	Director	$0	$0	$0
MOJGAN OLIA	DIRECTOR	2.50	Director	$0	$0	$0
SHAHRAM SHOUSHTARIAN	DIRECTOR	2.50	Director	$0	$0	$0
MANOOSH VAFI	DIRECTOR	2.50	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	$181,815	$212,461	$852,317	$-30,646
2024	$233,590	$229,096	$911,918	$4,494
2023	$147,815	$136,021	$941,103	$11,794
2022	$113,104	$129,743	$931,353	$-16,639
2021	$49,147	$62,253	$958,684	$-13,106

IRANIAN ASSOCIATION OF BOSTON INC