THE PLUMB CLUB ASSOCIATION

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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

1983

Legal Domicile

Principal Officer

LAWRENCE HESS

Phone

2018168881

Tax Period

2024-01-01 to 2024-12-31

THE PLUMB CLUB ASSOCIATION, founded in 1983, is a community nonprofit in the Community Improvement sector that reported $6.3M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $7.0M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO FURTHER THE INTERESTS OF THE U.S. JEWELRY INDUSTRY BY PROMOTING FELLOWSHIP AND FURTHER ENHANCING HUMAN RELATIONSHIPS BETWEEN FELLOW INDUSTRY MEMBERS.

Program Service Accomplishments

Program 1

MEMBERSHIP IS DRAWN FROM ALL FACETS OF THE JEWELRY, DIAMOND, AND WATCH INDUSTRIES. THE PLUMB CLUB ASSOCIATION IS A BUSINESS ASSOCIATION OF BEST CLASS MANUFACTURERS, SUPPLIERS AND WHOLESALERS OF ALL SEGMENTS OF THE JEWELRY INDUSTRY TO FURTHER PROFESSIONAL RELATIONSHIPS TO ENHANCE, LEVERAGE, AND GIVE ITS MEMBERSHIP A COMPETITIVE ADVANTAGE TO SELL, SOCIALIZE, AND INTERACT WITH JEWELRY RETAILERS AS WELL AS FELLOW MEMBERS. THE PLUMB CLUB ASSOCIATION WILL PROVIDE ITS MEMBERS THROUGH VARIOUS FORUMS, CONFERENCES, TRADE SHOW PAVILIONS, AND OTHER BUSINESS OPPORTUNITIES A COMPETITIVE ADVANTAGE TO INTERACT WITH JEWLERY RETAILERS AND FELLOW MEMBERS AND CREATE OPPORTUNITIES FOR PRINCIPALS OF MEMBER FIRMS TO INTERACT TO FURTHER FRATERNAL AND PROFESSIONAL RELATIONSHIPS TO BENEFIT THE PLUMB CLUB AND JEWELRY INDUSTRY AS A WHOLE. IN ADDITION, THE PLUMB CLUB ASSOCIATION CONDUCTS AN ANNUAL TRADE SHOW OFFERING THE JEWELRY PROFESSION THE OPPORTUNITY TO EXHIBIT THEIR PRODUCTS AND MEET WITH OTHER MEMBERS OF THE INDUSTRY IN AN ATMOSPHERE CONDUCENT TO BEST INDUSTRY PRACTICES.

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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 $0

Program Service Revenue $6,209,447

Investment Income $68,198

Other Revenue $5,385

TOTAL REVENUE $6,283,030

Expense Breakdown

Grants Paid $0

Salaries & Benefits $298,012

Fundraising Expenses $0

Other Expenses $6,718,160

TOTAL EXPENSES $7,016,172

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,283,030	$7,012,492	-0.1%
Expenses	$7,016,172	$6,900,795	+0.0%
Net Income	$-733,142	$111,697	-7.6%

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

$207,895

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROGER FORMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
KEVEN PECK	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
STEVEN LERCHE	TREASURER	1.00	Officer Director	$0	$0	$0
RAY MASTOLONI	SECRETARY	1.00	Officer Director	$0	$0	$0
VICTOR WEINMAN	PAVILION CHAIRMAN	1.00	Director	$0	$0	$0
DEBBIE AZAR	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL LANGHAMMER	DIRECTOR	1.00	Director	$0	$0	$0
ALOK MEHTA	DIRECTOR	1.00	Director	$0	$0	$0
HARRY STUBBERT	DIRECTOR	1.00	Director	$0	$0	$0
DOV TANNENBAUM	DIRECTOR	1.00	Director	$0	$0	$0
MOSS MAKHOULIAN	DIRECTOR	1.00	Director	$0	$0	$0
CORINNA BHASIN	TREASURER (OUTGOING)	1.00	Officer Director	$0	$0	$0
SAMUEL SANDBERG	DIRECTOR (OUTGOING)	1.00	Director	$0	$0	$0
PRANAV SHAH	DIRECTOR (OUTGOING)	0.00	Director	$0	$0	$0
LAWRENCE HESS	EXECUTIVE DIRECTOR	35.00	Officer	$175,473	$32,422	$207,895

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	$6,283,030	$7,016,172	$3,178,858	$-733,142
2023	$7,012,492	$6,900,795	$3,911,787	$111,697
2022	$6,177,983	$6,396,240	$3,797,126	$-218,257
2021	$3,124,546	$3,783,919	$4,015,109	$-659,373
2020	$664,377	$2,032,684	$4,675,353	$-1,368,307
2019	$5,600,539	$5,205,735	$6,037,091	$394,804
2018	$4,561,605	$3,294,352	$5,642,856	$1,267,253