JEWELERS OF AMERICA 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

1957

Legal Domicile

Principal Officer

DAVID BONAPARTE

Phone

6466580246

Tax Period

2023-10-01 to 2024-09-30

JEWELERS OF AMERICA INC, founded in 1957, is a community nonprofit that reported $4.7M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $5.5M exceeded revenue, resulting in a 17% operating deficit.

Mission

JEWELERS OF AMERICA, THE MOST TRUSTED AND INFLUENTIAL VOICE OF THE JEWELRY INDUSTRY, EMPOWERS AND UNITES ITS MEMBERS THROUGH EXPERT GUIDANCE AND ADVOCACY, DRIVING EXCELLENCE, INTEGRITY, AND SUCCESS IN AN EVER-CHANGING MARKETPLACE.

Program Service Accomplishments

Program 1

ADVOCACY:SINCE 1906, JEWELERS OF AMERICA (JA) HAS ADVANCED THE FINE JEWELRY INDUSTRY THROUGH ADVOCACY IN PUBLIC, GOVERNMENT AND INDUSTRY AFFAIRS. JA HAS BEEN THE LEADER IN DEVELOPING HIGH ETHICAL...

ADVOCACY:SINCE 1906, JEWELERS OF AMERICA (JA) HAS ADVANCED THE FINE JEWELRY INDUSTRY THROUGH ADVOCACY IN PUBLIC, GOVERNMENT AND INDUSTRY AFFAIRS. JA HAS BEEN THE LEADER IN DEVELOPING HIGH ETHICAL, SOCIAL, AND ENVIRONMENTAL STANDARDS AMONG THE RETAIL JEWELRY TRADE.IN 2024, JA ESTABLISHED A $1,000,000 JA INDUSTRY FUND, DEDICATED TO FOSTERING THE GROWTH AND SUSTAINABILITY OF THE JEWELRY INDUSTRY BY PROVIDING ESSENTIAL FUNDING TO ORGANIZATIONS AND INITIATIVES WITHIN THIS SECTOR. THIS FUND SUPPORTS A WIDE RANGE OF PROJECTS, FROM ENHANCING ETHICAL PRACTICES AND ENVIRONMENTAL RESPONSIBILITY TO ADVANCING INNOVATION AND EDUCATION AMONG JEWELRY PROFESSIONALS. BY INVESTING IN THESE VITAL AREAS, THE JA INDUSTRY FUND AIMS TO ENSURE A THRIVING FUTURE FOR ALL STAKEHOLDERS IN THE JEWELRY INDUSTRY AND CONTRIBUTE TO THE OVERALL IMPROVEMENT OF ITS SUSTAINABILITY AND IMPACT. THE JA INDUSTRY FUND WILL DISBURSE UP TO 5% OF THE 'FUND' TO SELECTED ORGANIZATIONS ON AN ANNUAL BASIS.

Program 2

MEMBER BENEFITS:JEWELERS OF AMERICA OFFERS MEMBERS BENEFITS INCLUDING BUSINESS RESOURCES, MARKETING TOOLS, DISCOUNT PROGRAMS, EDUCATIONAL SCHOLARSHIPS, AND CERTIFICATION COURSES. THE MEMBER BENEFITS AVAILABLE ARE ACCESSIBLE THROUGH THE ASSOCIATION'S WEBSITE, WWW.JEWELERS.ORG. IN 2024, JEWELERS OF AMERICA INTRODUCED NEW BENEFITS WITH EBAY THAT PROVIDE CONCIERGE CUSTOMER SERVICE TO OUR MEMBERS WHO ENROLL IN THEIR ONLINE SELLING CHANNEL, AND A NEW BENEFIT PARTNER, PODIUM. THEY PROVIDE MEMBERS WITH AN ONLINE CUSTOMER MESSAGING (PHONE/CHAT/SMS/SOCIAL) AND BUSINESS REVIEW MANAGEMENT PLATFORM.

Program 3

EDUCATION:JEWELERS OF AMERICA CONTINUED TO EDUCATE CONSUMERS ABOUT FINE JEWELRY THROUGH VARIOUS MEDIA SUCH AS OUR WEBINAR SERIES, PUBLIC RELATIONS, MARKETING, AND SOCIAL MEDIA. IN 2024, JEWELERS OF AMERICA INTRODUCED THREE REGIONAL IN-PERSON LEARNING WORKSHOPS TO FACILITATE EDUCATION FOR OUR MEMBERS ON TOPICS THAT HELP THEM OPERATE THEIR BUSINESSES. WE ALSO INTRODUCED A NEW SCHOLARSHIP PROGRAM FOR BENCH JEWELERS AND THE EMERGING JEWELERS ACCELERATOR PROGRAM WITH BIJC.

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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 $10,000

Program Service Revenue $1,855,429

Investment Income $2,224,049

Other Revenue $655,681

TOTAL REVENUE $4,745,159

Expense Breakdown

Grants Paid $47,805

Salaries & Benefits $2,863,808

Fundraising Expenses $0

Other Expenses $2,617,449

TOTAL EXPENSES $5,529,062

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,745,159	$5,341,295	-0.1%
Expenses	$5,529,062	$5,125,054	+0.1%
Net Income	$-783,903	$216,241	-4.6%

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

$896,503

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COLEMAN CLARK	CHAIR	1.00	Officer Director	$0	$0	$0
MATTHEW ROSENHEIM	CHAIR ELECT	1.00	Officer Director	$0	$0	$0
STEVE PADIS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ELISE GREENBERG	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KAREN GORACKE	TREASURER	1.00	Officer Director	$0	$0	$0
STEVE VELASQUEZ	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT F MOELLER II	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
CHAD BERG	BOARD MEMBER	1.00	Director	$0	$0	$0
CONSTANCE POLAMALU	BOARD MEMBER	1.00	Director	$0	$0	$0
EDWARD DIKES	BOARD MEMBER	1.00	Director	$0	$0	$0
HUNTER MCGRATH	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFERY BOLLING	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH COREY	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE KEENEY	BOARD MEMBER	1.00	Director	$0	$0	$0
KIM CRAWFORD	BOARD MEMBER	1.00	Director	$0	$0	$0
KRYSTEL CRAYCRAFT	BOARD MEMBER	1.00	Director	$0	$0	$0
LAWRENCE BOCK	BOARD MEMBER	1.00	Director	$0	$0	$0
LENNY KRAMER	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT MARKS	BOARD MEMBER	1.00	Director	$0	$0	$0
SHERRY SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
STAN RAZNY	BOARD MEMBER	1.00	Director	$0	$0	$0
SUE HOPEMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
TOBEY RITCHIE	BOARD MEMBER	1.00	Director	$0	$0	$0
TONIA ULSH	BOARD MEMBER	1.00	Director	$0	$0	$0
VALERIE MADISON	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID BONAPARTE	CHIEF EXECUTIVE OFFICER	36.00	Officer	$563,998	$58,340	$622,338
HUGUE-ANNIE DORESCA	CHIEF FINANCIAL OFFICER	34.80	Officer	$263,607	$10,558	$274,165
REGINA CIARLEGLIO	DIRECTOR OF MEMBERSHIP & S	40.00	Highest	$137,860	$21,664	$159,524
MOLLY FALLON	DIRECTOR OF MARKETING & CO	30.00	Highest	$148,474	$45,453	$193,927
AMANDA GIZZI	DIRECTOR OF PUBLIC RELATIO	38.00	Highest	$138,802	$45,107	$183,909
BYRON BARTON	CONTROLLER	28.00	Highest	$136,394	$13,708	$150,102
SUSAN POSNOCK	DIRECTOR OF PUBLIC AFFAIRS	40.00	Highest	$112,975	$46,285	$159,260

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	$4,745,159	$5,529,062	$74,358,012	$-783,903
2023	$5,341,295	$5,125,054	$66,785,664	$216,241
2022	$5,520,794	$4,979,477	$63,730,008	$541,317
2021	$6,406,323	$4,291,118	$73,932,724	$2,115,205
2020	$3,486,872	$4,410,853	$63,266,620	$-923,981
2019	$5,590,364	$5,205,028	$60,507,875	$385,336
2018	$5,097,514	$4,518,373	$62,351,978	$579,141