PERSIAN NEW YEAR FESTIVAL INC

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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

2019

Principal Officer

LAWDAN SHOJAEE

Phone

6026904277

Tax Period

2024-01-01 to 2024-12-31

PERSIAN NEW YEAR FESTIVAL INC, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $210K in total revenue in fiscal year 2024. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $395K exceeded revenue, resulting in a 88% operating deficit.

Mission

EVERY SPRING FOR THE LAST 3,000 YEARS, PERSIANS HAVE WELCOMED IN THE PERSIAN NEW YEAR BY CELEBRATING FAMILY, COMMUNITY FOOD, MUSIC AND DANCE.

Program Service Accomplishments

Program 1

Expenses: $362,326 Revenue: $144,344

FOR OVER 3,000 YEARS EVERY SPRING, THE PERSIAN NEW YEAR HAS BEEN CELEBRATING FAMILY, COMMUNITY, FOOD, MUSIC AND DANCE. IN 2019, THE PERSIAN NEW YEAR FESTIVAL DREW AN ESTIMATED 6,000 PARTICIPANTS. THE FESTIVAL RECEIVED PROMOTIONS FROM MAJOR TELEVISION NETWORKS, RADIO STATIONS, PRINT PUBLICATIONS AND COMMUNITY & COMMUNITY EVENT WEBSITES.

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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 $144,344

Program Service Revenue $66,135

Investment Income $0

Other Revenue $0

TOTAL REVENUE $210,479

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $362,326

Other Expenses $394,659

TOTAL EXPENSES $394,659

Year-over-Year Comparison

	2024	2023	Change
Revenue	$210,479	$579,275	-0.6%
Expenses	$394,659	$65,838	+5.0%
Net Income	$-184,180	$513,437	-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

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
LAWDAN SHOJAEE	President & CEO	5.00	Officer	$0	$0	$0
SHIDEH DOERR	Vice President	5.00	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
2024	$210,479	$394,659	$426,134	$-184,180
2023	$579,275	$65,838	$588,314	$513,437
2022	$325,812	$256,715	$74,877	$69,097