FARHANG FOUNDATION (EIN 261574533) - 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

2007

Legal Domicile

Principal Officer

ALIREZA ARDEKANI

Phone

3106661546

Tax Period

2024-04-01 to 2025-03-31

FARHANG FOUNDATION, founded in 2007, is a community nonprofit in the Human Services sector that reported $3.1M in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum. Expenses of $4.3M exceeded revenue, resulting in a 36% operating deficit.

Mission

TO CELEBRATE AND PROMOTE IRANIAN ART AND CULTURE FOR THE BENEFIT OF THE COMMUNITY AT LARGE

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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 $2,680,851

Program Service Revenue $0

Investment Income $467,238

Other Revenue $0

TOTAL REVENUE $3,148,089

Expense Breakdown

Grants Paid $2,441,220

Salaries & Benefits $498,827

Fundraising Expenses $115,691

Program Expenses $3,807,301

Other Expenses $1,332,197

TOTAL EXPENSES $4,272,244

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,148,089	$2,116,494	+0.5%
Expenses	$4,272,244	$1,792,166	+1.4%
Net Income	$-1,124,155	$324,328	-4.5%

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

Governance

Voting Members

Independent Members

Employees

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

$282,820

Total Directors

$282,820

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP COHANIM	TRUSTEE	2.00	Director	$0	$0	$0
ALIREZA ARDEKANI	EXECUTIVE DIRECTOR	40.00	Officer Director	$282,820	$0	$282,820
HALEH EMRANI	TRUSTEE/CHAIR	4.00	Director	$0	$0	$0
MARK MOSHAYEDI	TRUSTEE/CFO	3.00	Director	$0	$0	$0
ANDREW TAVAKOLI	TRUSTEE	2.00	Director	$0	$0	$0
MEHRABAN KHAJEHNOURI	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL AMIN	TRUSTEE	2.00	Director	$0	$0	$0
MEHRAN MAVADDAT	TRUSTEE	2.00	Director	$0	$0	$0
SHAZAD GHANBARI	TRUSTEE	2.00	Director	$0	$0	$0
HOOSHANG PAK	TRUSTEE	2.00	Director	$0	$0	$0
ANOOSHEH OSKOUIAN	TRUSTEE	2.00	Director	$0	$0	$0
FARHAD MOHIT	TRUSTEE/VICE CHAIR	2.00	Director	$0	$0	$0
HORMOZ AMERI	TRUSTEE	2.00	Director	$0	$0	$0
MARK AMIN	TRUSTEE	2.00	Officer Director	$0	$0	$0
DARIUSH GABBAY	TRUSTEE	2.00	Director	$0	$0	$0
SAMANEH TAHBAZOF	TRUSTEE	2.00	Director	$0	$0	$0
ALI RAZI	TRUSTEE/VICE CHAIR	2.00	Officer Director	$0	$0	$0
KAROON MONFARED	TRUSTEE	2.00	Director	$0	$0	$0
SARA ALVAREZ	SECRETARY	4.00	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
2025	$3,148,089	$4,272,244	$6,939,753	$-1,124,155
2024	$2,116,494	$1,792,166	$6,154,429	$324,328
2023	$5,290,700	$1,814,518	$5,928,660	$3,476,182
2022	$1,919,260	$1,185,868	$2,310,744	$733,392
2021	$1,149,138	$854,670	$1,622,513	$294,468
2020	$1,625,619	$1,930,647	$1,817,644	$-305,028
2019	$2,241,090	$1,733,907	$3,073,152	$507,183
2018	$2,781,755	$4,311,813	$2,947,068	$-1,530,058

FARHANG FOUNDATION