PERSIAN CULTURAL CENTER INC

EIN: 581892618 501(c)(3) Recreation & Sports

NORCROSS, GA

Total Revenue
$513,993
Total Expenses
$295,332
Total Assets
$1,966,389
Net Assets
$1,965,189
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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
1990
Legal Domicile
GA
Principal Officer
HAMID GARMESTANI
Phone
7709162000
Tax Period
2023-01-01 to 2023-12-31

PERSIAN CULTURAL CENTER INC, founded in 1990, is a small nonprofit in the Recreation & Sports sector that reported $514K in total revenue in fiscal year 2023. The organization ran a surplus of $219K, a strong 43% operating margin.

Mission

CHARITABLE ACTIVITIES, EDUCATION

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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 $193,802
Program Service Revenue $299,481
Investment Income $0
Other Revenue $20,710
TOTAL REVENUE $513,993

Expense Breakdown

Grants Paid $0
Salaries & Benefits $33,405
Fundraising Expenses $0
Program Expenses $295,332
Other Expenses $261,927
TOTAL EXPENSES $295,332

Year-over-Year Comparison

2023 2022 Change
Revenue $513,993 N/A N/A
Expenses $295,332 N/A N/A
Net Income $218,661 N/A N/A
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
200
Independent Members
200
Employees
4
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HAMID GARMESTANI PRESIDENT N/A
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
2024 No data No data No data No data
2023 $513,993 $295,332 $1,966,389 $218,661
2022 No data $1,202 $177,429 No data
2021 No data $3,157 $178,631 No data
2021 $320,547 $324,546 $178,631 $-3,999
2020 $246,201 $312,907 $220,558 $-66,706
2019 $236,389 $224,442 $282,330 $11,947
2018 $188,617 $192,739 $305,285 $-4,122
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