GEMOLOGICAL INSTITUTE OF AMERICA I… - 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

1931

Legal Domicile

Principal Officer

SUSAN JACQUES

Phone

7606034000

Tax Period

2023-01-01 to 2023-12-31

GEMOLOGICAL INSTITUTE OF AMERICA INC, founded in 1931, is a major nonprofit in the Education sector that reported $281.8M in total revenue in fiscal year 2023. Net assets of $669.4M represent 29 months of operating reserves.

Mission

THE INSTITUTE'S MISSION AND MOST SIGNIFICANT ACTIVITIES ARE (A) OPERATING A SCHOOL PROVIDING EDUCATION AND GRANTING DIPLOMAS IN GEMOLOGY AND RELATED AREAS; (B) PROTECTING THE PUBLIC FROM MISREPRESENTATION PERTAINING TO GEMS, DETERRING GEM THEFT, ASSISTING IN THE RECOVERY OF STOLEN PROPERTY AND PROSECUTION OF CRIMINALS, AND PROMOTING STATE-OF-THE-ART RESEARCH INTO THE TECHNIQUES BY WHICH GEMS ARE MODIFIED TECHNOLOGICALLY OR GROWN IN A LABORATORY; AND (C) SUPPORTING, PERFORMING, AND PUBLISHING SCIENTIFIC RESEARCH AND ANALYSIS RELATED TO GEMS AND GEMOLOGY AND LEARNING IN RELATED FIELDS.

Program Service Accomplishments

Program 1

Expenses: $31,748,213 Revenue: $17,232,413

EDUCATION: SEE SCHEDULE O FOR DESCRIPTION OF EXEMPT PURPOSE ACHIEVEMENTS.

Program 2

Expenses: $192,130,378 Revenue: $115,029,939

LABORATORY: SEE SCHEDULE O FOR DESCRIPTION OF EXEMPT PURPOSE ACHIEVEMENTS.

Program 3

Expenses: $10,717,568 Revenue: $83,579

RESEARCH & PUBLICATIONS: SEE SCHEDULE O FOR DESCRIPTION OF EXEMPT PURPOSE ACHIEVEMENTS.

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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 $823,833

Program Service Revenue $130,632,216

Investment Income $74,027,242

Other Revenue $76,329,249

TOTAL REVENUE $281,812,540

Expense Breakdown

Grants Paid $3,460,815

Salaries & Benefits $160,324,080

Fundraising Expenses $21,495

Program Expenses $234,596,159

Other Expenses $112,616,079

TOTAL EXPENSES $276,400,974

Year-over-Year Comparison

	2023	2022	Change
Revenue	$281,812,540	$291,055,082	0.0%
Expenses	$276,400,974	$301,469,731	-0.1%
Net Income	$5,411,566	$-10,414,649	-1.5%

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

1350

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

$3,284,912

Total Directors

$2,363,536

Key Employees

$3,124,197

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN JACQUES	PRESIDENT/CEO	39.00	Officer Director	$949,279	$63,676	$1,012,955
THOMAS MOSES	EXECUTIVE VP	39.00	Officer Director	$843,252	$57,104	$900,356
LISA LOCKLEAR	GOVERNOR	7.00	Director	$43,000	$0	$43,000
STEPHEN KAHLER	GOVERNOR	6.00	Director	$39,500	$0	$39,500
BARBARA DUTROW	GOVERNOR	5.00	Director	$35,000	$0	$35,000
PATRICIA ANN KIKUKO HARVEY	GOVERNOR	5.00	Director	$35,000	$0	$35,000
R ANDREW JOHNSON	GOVERNOR	5.00	Director	$35,000	$0	$35,000
TAMMY STORINO	GOVERNOR	5.00	Director	$35,000	$0	$35,000
JOHN VALLEY	GOVERNOR (THRU 11/2023)	5.00	Director	$31,725	$0	$31,725
DAVE BINDRA	GOVERNOR	4.00	Director	$28,000	$0	$28,000
JEFFREY POST	GOVERNOR	4.00	Director	$28,000	$0	$28,000
LAWRENCE MA	GOVERNOR	4.00	Director	$28,000	$0	$28,000
MARCUS TER HAAR	GOVERNOR	4.00	Director	$28,000	$0	$28,000
RUSSELL MEHTA	GOVERNOR	4.00	Director	$28,000	$0	$28,000
SAMANTHA RAVICH	GOVERNOR	4.00	Director	$28,000	$0	$28,000
XUEYING DAI	GOVERNOR	4.00	Director	$28,000	$0	$28,000
DAVID TEARLE	SVP & CFO	39.00	Officer	$670,865	$56,919	$727,784
JENNIFER WILSON	SVP & GENERAL COUNSEL	39.00	Officer	$588,806	$55,011	$643,817
ANNA MARTIN	SVP, INSTITUTE RELATIONS	40.00	Key Emp	$621,695	$54,537	$676,232
PRITESH PATEL	SVP & COO	39.00	Key Emp	$627,936	$64,150	$692,086
DUNCAN PAY	SVP, CHIEF ACADEMIC OFFICER	40.00	Key Emp	$440,718	$53,044	$493,762
ELIZABETH KEATING	VP & CHIEF ETHICS/COMPL OFFICER	40.00	Key Emp	$412,502	$54,399	$466,901
SOON RABB	SVP & CHIEF PEOPLE OFFICER	40.00	Key Emp	$353,709	$42,384	$396,093
JOHANNA LEVY	VP, ENVIR., SOCIAL & GOVERNANCE	40.00	Key Emp	$339,525	$59,598	$399,123
ADITYA KASHYAP	VP, PRODUCT MANAGEMENT	40.00	Highest	$420,561	$28,249	$448,810
JOHN HALL	VP & CIO	40.00	Highest	$484,816	$65,569	$550,385
PHILLIP YANTZER	VP, LAB OPERATIONS	40.00	Highest	$504,288	$30,800	$535,088
WUYI WANG	VP, RESEARCH & DEVELOPMENT	40.00	Highest	$411,843	$48,713	$460,556
LISA BIGGS	VP, CHIEF ACCOUNTING OFFICER	40.00	Highest	$413,205	$26,184	$439,389

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	No data	No data	No data	No data
2023	$281,812,540	$276,400,974	$715,532,970	$5,411,566
2022	$291,055,082	$301,469,731	$676,668,895	$-10,414,649
2021	$358,372,109	$253,285,739	$751,479,213	$105,086,370
2020	$202,112,976	$213,727,144	$629,848,234	$-11,614,168
2019	$261,685,370	$236,292,504	$624,583,382	$25,392,866
2018	$242,633,636	$236,963,746	$570,820,931	$5,669,890

GEMOLOGICAL INSTITUTE OF AMERICA INC