NEW YORK GEMSTONE ASSOCIATION INC (EIN 205339159) - Form 990 Financial Analysis & Trantor Score

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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

2006

Legal Domicile

Phone

2129977755

Tax Period

2023-08-01 to 2024-07-31

NEW YORK GEMSTONE ASSOCIATION INC, founded in 2006, is a micro nonprofit that reported $14K in total revenue in fiscal year 2023. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $13K, a strong 90% operating margin.

Mission

ESTABLISHED IN 2007, COMPRISED OF SOME OF THE MOST PROMINENT IMPORTERS, MANUFACTURERS AND DEALERS OF COLORED GEMSTONES IN THE NEW YORK METRO AREA. THE ORGANIZATION IS STRICTLY FOR WHOLESALE DEALERS AND MANUFACTURERS. THIS ALLOWS FOR AN OPEN FORUM FOR SHARING INFORMATION ON NEW AREAS OF SUPPLY, GEMSTONE ENHANCEMENTS AND OTHER DEVELOPMENTS THAT AFFECT THE GEMSTONE TRADE. FURTHER, WE WORK TO INCREASE BENEFITS FOR OUR MEMBERS USING OUR WORLDWIDE CONTACTS IN THE AREAS OF SHIPPING, SECURITY AND INSURANCE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $9,300

Program Service Revenue $0

Investment Income $4,642

Other Revenue $0

TOTAL REVENUE $13,942

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,422

TOTAL EXPENSES $1,422

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,942	$9,004	+0.5%
Expenses	$1,422	$5,921	-0.8%
Net Income	$12,520	$3,083	+3.1%

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
EDWIN LIVIAN	SECRETARY	1.00	Officer Director	$0	$0	$0
SAM SULIMANOV	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
AFSHIN HAKIMIAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
ADAM J GIL	TREASURER	1.00	Officer 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
2024	$13,942	$1,422	$123,375	$12,520
2023	$9,004	$5,921	$100,055	$3,083
2022	$8,406	$562	$105,972	$7,844
2021	$11,709	$1,819	$89,128	$9,890
2020	$4,521	$6,056	$87,638	$-1,535
2019	$8,875	$360	$80,773	$8,515
2018	$9,178	$1,633	$81,318	$7,545

NEW YORK GEMSTONE ASSOCIATION INC