CHARLES STARK DRAPER LABORATORY 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

1973

Legal Domicile

Principal Officer

JERRY WOHLETZ

Phone

6172581000

Tax Period

2024-06-29 to 2025-06-27

CHARLES STARK DRAPER LABORATORY INC, founded in 1973, is a major nonprofit in the Science & Technology sector that reported $949.3M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $919.5M left a modest 3% surplus.

Mission

DRAPER'S ENGINEERS DESIGN, DEVELOP AND DEPLOY ADVANCED TECHNOLOGY SOLUTIONS FOR THE WORLD'S MOST DIFFICULT AND IMPORTANT PROBLEMS.

Program Service Accomplishments

Program 1

Expenses: $791,417,422 Revenue: $941,078,629

DRAPER ENGINEERS SOLUTIONS THAT SERVE OUR NATIONAL SECURITY AND STATEGIC DEFENSE INTERESTS. FROM DEVELOPING, TESTING AND DELIVERING THE WORLD'S MOST ACCURATE SYSTEMS TO PROVIDING TECHNOLOGY ACROSS...

DRAPER ENGINEERS SOLUTIONS THAT SERVE OUR NATIONAL SECURITY AND STATEGIC DEFENSE INTERESTS. FROM DEVELOPING, TESTING AND DELIVERING THE WORLD'S MOST ACCURATE SYSTEMS TO PROVIDING TECHNOLOGY ACROSS MULTIPLE DISCIPLINES TO ADDRESS OUR CUSTOMERS' MOST COMPLEX TECHNOLOGICAL CHALLENGES, BUILDING ON OUR HISTORIC 90-YEAR LEGACY, WE SUPPORT HUMANKIND'S DESIRE TO SURPASS THE BOUNDRIES OF OUR PLANET AND TO PROTECT, DEFEND AND EXTEND HUMAN LIFE THROUGH INNOVATION. WE ARE PROUD OF OUR LONG-STANDING COMMITMENT AS A CHAMPION OF U.S. MILITARY, SPACE AND NATIONAL SECURITY MISSIONS, ACROSS AIR, LAND AND SEA, AND WE ARE DEDICATED TO DRIVING MISSION SUCCESS FOR THE NATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,164,568

Program Service Revenue $941,078,629

Investment Income $7,167,145

Other Revenue $-62,240

TOTAL REVENUE $949,348,102

Expense Breakdown

Grants Paid $4,619,412

Salaries & Benefits $484,170,755

Fundraising Expenses $0

Program Expenses $791,417,422

Other Expenses $430,667,646

TOTAL EXPENSES $919,457,813

Year-over-Year Comparison

	2024	2023	Change
Revenue	$949,348,102	$871,099,348	+0.1%
Expenses	$919,457,813	$830,228,101	+0.1%
Net Income	$29,890,289	$40,871,247	-0.3%

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

2738

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

$3,502,577

Total Directors

$3,056,286

Key Employees

$1,228,524

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETTY SAPP	DIRECTOR	3.00	Director	$85,000	$0	$85,000
DAVID B ARONOFF	DIRECTOR	3.00	Director	$85,000	$0	$85,000
LT GEN RET FRANCIS KEARNEY	DIRECTOR	3.00	Director	$75,000	$0	$75,000
DAVID R SHEDD	DIRECTOR	3.00	Director	$110,014	$0	$110,014
D RICK WILLIAMS	DIRECTOR	3.00	Director	$85,000	$0	$85,000
TERRY J BENEDICT	DIRECTOR	3.00	Director	$85,000	$0	$85,000
CYNTHIA COLLINS	DIRECTOR	3.00	Director	$75,000	$0	$75,000
WANDA A SIGUR	DIRECTOR	3.00	Director	$75,000	$0	$75,000
BARBARA STEVENS	DIRECTOR	3.00	Director	$75,000	$0	$75,000
AMR A ELSAWY	CHAIRMAN	3.00	Director	$87,500	$0	$87,500
SCOTT W MACKAY	DIRECTOR	3.00	Director	$75,000	$0	$75,000
JAMIE GOLDSTEIN	DIRECTOR (AS OF 10/2024)	3.00	Director	$18,750	$0	$18,750
JOHN SHAW	DIRECTOR (AS OF 10/2024)	3.00	Director	$18,750	$0	$18,750
JERRY WOHLETZ	PRESIDENT AND CEO	40.00	Officer Director	$1,793,133	$313,139	$2,106,272
MARY KIM	SECRETARY, VP & GEN COUNSEL	40.00	Officer	$421,335	$77,717	$499,052
MARJORIE QUANT	CHIEF OPERATING OFFICER	40.00	Officer	$465,867	$53,365	$519,232
CARRIE GEORGE	CFO, TREASURER	40.00	Officer	$317,310	$60,711	$378,021
ROBERT BACON	VP, STRATEGIC SYSTEMS PROGRAMS	40.00	Key Emp	$533,189	$123,394	$656,583
SARAH B LEEPER	VICE PRESIDENT, ELECTRONIC SYSTEMS	40.00	Key Emp	$485,264	$86,677	$571,941
ANTHONY S KOUREPENIS	VICE PRESIDENT, ENGINEERING	40.00	Highest	$515,465	$127,865	$643,330
FRANK J SERNA	VP, USAF & MDA STRATEGIC SYSTEMS	40.00	Highest	$491,656	$60,996	$552,652
NANCY LIGHTBODY	VICE PRESIDENT, CHRO	40.00	Highest	$448,437	$104,364	$552,801
JENNIFER SANTOS	VP, CHIEF STRATEGY OFFICER	40.00	Highest	$450,581	$51,855	$502,436
JULIA MACDONOUGH	VP, GM AF & MD STATERGIC SYSTEMS	40.00	Highest	$481,444	$92,400	$573,844
TARA CLARK - FORMER	VP, OPERATIONS & COMMERCIAL PROGRAMS	0.00		$395,529	$3,907	$399,436

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	$949,348,102	$919,457,813	$900,930,023	$29,890,289
2024	$871,099,348	$830,228,101	$817,012,224	$40,871,247
2023	$764,551,452	$730,364,613	$745,841,251	$34,186,839
2022	$1,938,884	$336,410	$22,731,326	$1,602,474
2022	$673,284,424	$653,642,531	$675,703,596	$19,641,893
2021	$741,022,906	$710,284,122	$683,581,113	$30,738,784
2020	$5,267,345	$544,083	$20,547,422	$4,723,262
2019	$653,738,243	$671,360,176	$607,378,644	$-17,621,933
2018	$607,909,831	$639,240,632	$663,485,592	$-31,330,801