Baltimore Jewelry Center 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

2013

Legal Domicile

Principal Officer

Jessica McGrath

Phone

4102430479

Tax Period

2023-07-01 to 2024-06-30

Baltimore Jewelry Center Inc, founded in 2013, is a small nonprofit in the Human Services sector that reported $620K in total revenue in fiscal year 2023. Expenses of $694K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE BALTIMORE JEWELRY CENTER IS AN EDUCATIONAL NON-PROFIT BUILDING A VIBRANT CREATIVE COMMUNITY FOR THE STUDY AND PRACTICE OF METALSMITHING AND ART JEWELRY. WE EDUCATE AND INSPIRE NEW AND ESTABLISHED ARTISTS, AS WELL AS PROMOTE METALSMITHING AND ART JEWELRY TO THE GENERAL PUBLIC THROUGH EXHIBITIONS, COMMUNITY AND EDUCATIONAL OUTREACH.

Program Service Accomplishments

Program 1

Expenses: $519,464 Revenue: $241,501

Baltimore Jewelry Center offers classes, certificate programs, studio access and workshops. Baltimore Jewelry Center offers below market rate access to education and studio equipment. Baltimore...

Baltimore Jewelry Center offers classes, certificate programs, studio access and workshops. Baltimore Jewelry Center offers below market rate access to education and studio equipment. Baltimore Jewelry Center provides educational opportunities to an underserved neighborhood.

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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 $370,884

Program Service Revenue $241,501

Investment Income $57

Other Revenue $7,867

TOTAL REVENUE $620,309

Expense Breakdown

Grants Paid $0

Salaries & Benefits $323,314

Fundraising Expenses $48,497

Program Expenses $519,464

Other Expenses $370,960

TOTAL EXPENSES $694,274

Year-over-Year Comparison

	2023	2022	Change
Revenue	$620,309	$600,837	+0.0%
Expenses	$694,274	$619,993	+0.1%
Net Income	$-73,965	$-19,156	+2.9%

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

100

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
David Dao	Director	1.0	Director	$0	$0	$0
MARCY FEENEY	Director	1.0	Director	$0	$0	$0
Arlene Forastiere	Director	1.0	Director	$0	$0	$0
MICHAEL SHAFFER	Director	1.0	Director	$0	$0	$0
Lacie Simpson	Director	1.0	Director	$0	$0	$0
Diana Spencer	Director	1.0	Director	$0	$0	$0
MONICA STARR	Director	1.0	Director	$0	$0	$0
Sarah Wolfenden	Director	1.0	Director	$0	$0	$0
JESSICA MCGRATH	President	3.0	Officer	$0	$0	$0
Lydia Martin	Vice President	3.0	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
2025	No data	No data	No data	No data
2024	$620,309	$694,274	$389,209	$-73,965
2023	$600,837	$619,993	$470,303	$-19,156
2022	$490,614	$547,473	$485,008	$-56,859
2021	$421,242	$444,316	$540,955	$-23,074
2020	$435,950	$373,427	$561,990	$62,523
2019	$407,770	$359,380	$500,463	$48,390
2018	$302,459	$344,196	$451,018	$-41,737