2023 Cash Operating Results and Other Financial Key Performance Indicators
AJC Financial Report
AJC is financially sound . After the horrors of October 7 , it was clear that AJC could not proceed with business as usual . An outpouring of support from donors resulted in a significant surge in revenue , which enabled AJC to begin making strategic investments to meet its most urgent and immediate needs .
A cash operating surplus in 2023 enhanced AJC ’ s already strong Balance Sheet . AJC is financially well-positioned during these most challenging times in 2024 and beyond but seeks to do more given the enormity of this moment .
2023 : AJC ’ s financial statements are audited by independent auditors from Grant Thornton . AJC is reporting an audited $ 2.9 million change in net assets from operations within net assets without donor restrictions . AJC ’ s strong audited Balance Sheet reflects abundant liquidity and Net Assets of over $ 267 million . Investments on the Balance Sheet rebounded in 2023 , after experiencing a down market in 2022 .
The 2023 financial information presented below is based on audited financial information . The audited financial statements can be found on AJC ’ s website .
2023 Cash Operating Results and Other Financial Key Performance Indicators
There are three Key Performance Indicators (“ KPIs ”) for 2023 that demonstrate AJC ’ s financial strength .
1 . OPERATING PERFORMANCE
The first KPI is Operating Performance . Operating performance is defined as the change in net assets from operations without donor restrictions . The fourth quarter revenue surge was largely responsible for an audited $ 2.9 million improvement in 2023 . AJC has maintained an operating surplus for the past three years .
54 SHAPE A NEW FUTURE : AN OVERVIEW OF AMERICAN JEWISH COMMITTEE