PERSIAN NEW YEAR FESTIVAL INC

EIN: 842792326 501(c)(3) Arts, Culture & Humanities

SCOTTSDALE, AZ

Total Revenue
$210,479
Total Expenses
$394,659
Total Assets
$426,134
Net Assets
$404,134
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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.

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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 (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

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
Volunteers
20

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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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