ORIENTAL RUG IMPORTERS ASSOCIATION INC

EIN: 136179469

WHITE PLAINS, NY

Total Revenue
$112,400
Total Expenses
$117,751
Total Assets
N/A
Net Assets
N/A
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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
1931
Legal Domicile
NJ
Principal Officer
LUCILLE LAUFER
Phone
2018665054
Tax Period
2023-01-01 to 2023-12-31

ORIENTAL RUG IMPORTERS ASSOCIATION INC, founded in 1931, is a small nonprofit that reported $112K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring.

Mission

TRADE ASSN-ORIENTAL RUG IMPORTERS

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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 $63,750
Program Service Revenue $48,650
Investment Income $0
Other Revenue $0
TOTAL REVENUE $112,400

Expense Breakdown

Grants Paid $0
Salaries & Benefits $66,371
Fundraising Expenses $0
Program Expenses $89,741
Other Expenses $51,380
TOTAL EXPENSES $117,751

Year-over-Year Comparison

2023 2022 Change
Revenue $112,400 $156,415 -0.3%
Expenses $117,751 $142,216 -0.2%
Net Income $-5,351 $14,199 -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

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Governance

Voting Members
16
Independent Members
16
Employees
1
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
4
$59,100
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREW PEYKAR EXEC BOARD 1.00
Director
$0 $0 $0
BEHROOZ HAKAMIAN TREASURER 2.00
Director
$0 $0 $0
DENNIS DILMAGHANI EXEC BOARD 1.00
Director
$0 $0 $0
REZA MOMENI EXEC BOARD 1.00
Director
$0 $0 $0
MICHAEL HAROUNIAN EXEC BOARD 1.00
Director
$0 $0 $0
KAMI NAVID PRESIDENT 2.00
Officer Director
$0 $0 $0
HARI TUMMALA VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
JEFFREY DESANTIS EXEC BOARD 1.00
Director
$0 $0 $0
DAVID BASALELY EXEC BOARD 1.00
Director
$0 $0 $0
RYAN HIGGINS EXEC BOARD 1.00
Director
$0 $0 $0
RAMIN KALATY EXEC BOARD 1.00
Officer Director
$0 $0 $0
ARASH YARAGHI EXEC BOARD 1.00
Director
$0 $0 $0
CAMERON CAPEL EXEC BOARD 1.00
Director
$0 $0 $0
AMIR LOLOI EXEC BOARD 1.00
Director
$0 $0 $0
MICHAEL RILEY SECRETARY 2.00
Director
$0 $0 $0
MIKEL BANILEVI EXEC BOARD 1.00
Director
$0 $0 $0
LUCILLE J LAUFER EXECUTIVE DIRECTOR 30.00
Officer
$59,100 $0 $59,100
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
2023 $112,400 $117,751 No data $-5,351
2022 $156,415 $142,216 $7,551 $14,199
2021 $146,310 $156,687 $3,754 $-10,377
2020 $137,771 $131,916 $8,432 $5,855
2019 $173,915 $180,848 $281 $-6,933
2018 $164,820 $163,314 $5,181 $1,506
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