TWENTY FOUR KARAT CLUB OF THE CITY… - Form 990 Financial Data

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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

1902

Legal Domicile

Phone

2126870328

Tax Period

2024-04-01 to 2025-03-31

TWENTY FOUR KARAT CLUB OF THE CITY OF NEW YORK, founded in 1902, is a small nonprofit in the Community Improvement sector that reported $956K in total revenue in fiscal year 2024. Expenses of $907K left a modest 5% surplus.

Mission

THE MISSION OF THE TWENTY FOUR KARAT CLUB OF THE CITY OF NEW YORK IS FORMING BUSINESS RELATIONSHIPS WITHIN THE JEWELRY INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $799,522 Revenue: $653,880

MEMBERSHIP FUNCTIONS AND ACTIVITIES INCLUDE AN ANNUAL BANQUET AND OTHER GET-TOGETHERS TO BRING MEMBERS TOGETHER TO PROVIDE A FELLOWSHIP JOINING PEOPLE IN THE JEWELRY INDUSTRY TO FORM AND DEVELOP...

MEMBERSHIP FUNCTIONS AND ACTIVITIES INCLUDE AN ANNUAL BANQUET AND OTHER GET-TOGETHERS TO BRING MEMBERS TOGETHER TO PROVIDE A FELLOWSHIP JOINING PEOPLE IN THE JEWELRY INDUSTRY TO FORM AND DEVELOP BUSINESS RELATIONSHIPS

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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 $302,399

Program Service Revenue $653,880

Investment Income $38

Other Revenue $0

TOTAL REVENUE $956,317

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,000

Fundraising Expenses $0

Program Expenses $799,522

Other Expenses $857,270

TOTAL EXPENSES $907,270

Year-over-Year Comparison

	2024	2023	Change
Revenue	$956,317	$910,624	+0.1%
Expenses	$907,270	$834,675	+0.1%
Net Income	$49,047	$75,949	-0.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARIN BACHMANN	Director	1.00	Director	$0	$0	$0
ERIC ZUCKERMAN	Director	1.00	Director	$0	$0	$0
STEVEN LAGOS	President	5.00	Officer Director	$0	$0	$0
JOHN KENNEDY	Secretary	5.00	Officer Director	$0	$0	$0
MONICA ELIAS	Director	1.00	Director	$0	$0	$0
GLENN MARKMAN	Director	1.00	Director	$0	$0	$0
JEFF BERGMAN	Treasurer	5.00	Officer Director	$0	$0	$0
NATHALIE DIAMANTIS	Director	1.00	Director	$0	$0	$0
MICHAEL BENAVENTE	Vice President	5.00	Officer Director	$0	$0	$0
EDWARD DECRISTOFARO	Director	1.00	Director	$0	$0	$0
STACIE ORLOFF	Director	1.00	Director	$0	$0	$0
JEFFREY COHEN	Chairman	5.00	Director	$0	$0	$0
CHARLES STANLEY	Director	1.00	Director	$0	$0	$0
RONNIE VANDERLINDEN	Director	1.00	Director	$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	$956,317	$907,270	$977,091	$49,047
2024	$910,624	$834,675	$874,228	$75,949
2023	$875,458	$744,770	$807,526	$130,688
2022	$644,781	$844,676	$666,058	$-199,895
2021	$251,461	$78,417	$663,036	$173,044
2020	$917,820	$871,380	$574,499	$46,440
2019	$983,245	$921,706	$507,502	$61,539

TWENTY FOUR KARAT CLUB OF THE CITY OF NEW YORK