GEMOLOGICAL INSTITUTE OF AMERICA INC (EIN 953797687) - 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

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

GROSS-UPS - ON OCCASION, GROSS-UP PAYMENTS ASSOCIATED WITH TAXABLE BENEFITS ARE PROVIDED. IN SUCH CASES, BOTH THE BENEFIT AND THE GROSS-UP AMOUNT ARE REPORTED AS TAXABLE COMPENSATION ON THE EMPLOYEE'S FORM W-2. GROSS-UPS ARE AVAILABLE TO ALL EMPLOYEE GROUPS. HEALTH CLUB FEES - GIA PROVIDES AN ANNUAL WELLNESS REIMBURSEMENT UP TO $300. THE REIMBURSEMENT MAY BE USED TO COVER AN EMPLOYEE'S HEALTH CLUB OR FITNESS PROGRAM MEMBERSHIP FEE. GIA WILL ONLY REIMBURSE THE EMPLOYEE ONCE RECEIPTS ARE SUBMITTED. THIS REIMBURSEMENT IS AVAILABLE TO ALL EMPLOYEES. THE BENEFIT IS REPORTED AS TAXABLE COMPENSATION ON THE EMPLOYEE'S FORM W-2.

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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