NORWICH UNIVERSITY APPLIED RESEARC… - 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

2002

Legal Domicile

Principal Officer

PHILIP T SUSMANN

Phone

8024852750

Tax Period

2024-06-01 to 2025-05-31

NORWICH UNIVERSITY APPLIED RESEARCH INSTITUTES LTD, founded in 2002, is a community nonprofit in the International Affairs sector that reported $6.4M in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $6.1M left a modest 4% surplus.

Mission

NUARI'S MISSION IS A) TO SERVE THE NATIONAL PUBLIC INTEREST THROUGH THE STUDY OF CRITICAL NATIONAL ISSUES; B) TO PROVIDE RAPID RESEARCH, DEVELOPMENT AND DEPLOYMENT OF NEEDED TECHNOLOGY SOLUTIONS; C) TO ADDRESS RELATED CRITICAL POLICY, INFORMATION MANAGEMENT AND TECHNOLOGY ISSUES TO ENHANCE NATIONAL RESPONSE CAPABILITY; D) TO DEVELOP RELATED EDUCATIONAL AND TRAINING PROGRAMS; AND E) TO SERVE AS A NATIONAL EDUCATION CENTER FOR COUNTER-TERRORISM AND CYBERCRIME.

Program Service Accomplishments

Program 1

Expenses: $123,154 Revenue: $213,142

TRAINING, EXERCISE AND SIMULATION ACTIVITIES: (A) CYBER EXERCISE SUPP. EXERCISES - SCENERIOS AND EXERCISES USING THE DECIDE FS TOOL TO DEMONSTRATE EFFECTIVENESS AND NEED FOR CYBER INCIDENT RESPONSE PLANS IN THE FINANCIAL SECTOR (B) CYBER INTRUSION PLANNING AND DETECTION FOR THE STATE OF VT (C)CYBER EDUCATION TRAINING.

Program 2

Expenses: $1,355,203 Revenue: $13,375

COURSEWARE DEVELOPMENT AND DESIGN ACTIVITIES: DEVELOP WEB BASED INCIDENT RESPONSE TRAINING FOR STATES AND COMMUNITITES WHICH WILL ENHANCE THEIR RESPONSE CAPABILITIES AND PREPARDEDNESS IN THE EVENT OF...

Program 3

Expenses: $3,120,433 Revenue: $2,161,498

OTHER PROGRAM SERVICES: PROVIDED SME SUPPORT AND PROGRAM MANAGEMENT FOR VISUAL AUGMENTATION SYSTEMS AND OTHER RELATED DEFENSE TECHNOLOGY PROGRAMS; DEVELOP EDUCATIONAL INNOVATION THROUGH SME SUPPORT...

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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 $3,897,755

Program Service Revenue $2,388,014

Investment Income $102,024

Other Revenue $0

TOTAL REVENUE $6,387,793

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,599,354

Fundraising Expenses $0

Program Expenses $4,698,460

Other Expenses $1,524,920

TOTAL EXPENSES $6,124,274

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,387,793	$9,578,163	-0.3%
Expenses	$6,124,274	$8,816,514	-0.3%
Net Income	$263,519	$761,649	-0.7%

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

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

$1,271,974

Total Directors

$701,757

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK D YOUNG	CHAIR	N/A	Officer Director	$0	$0	$0
WILLIAM LASKY	DIRECTOR	N/A	Director	$0	$0	$0
ANDREW BANNON	DIRECTOR	N/A	Director	$0	$0	$0
JOHN KOZIOL	DIRECTOR	N/A	Director	$0	$0	$0
JOHN BROADMEADOW	DIRECTOR	N/A	Director	$0	$20,080	$297,243
ROBERT LINDEFJELD	VICE CHAIR	N/A	Officer Director	$0	$0	$0
MARK BOWMAN	DIRECTOR	N/A	Director	$0	$0	$0
TINA CHRISTIANO	DIRECTOR	N/A	Director	$0	$0	$0
PHILIP T SUSMANN	PRESIDENT	40.00	Officer Director	$350,678	$53,836	$404,514
ANDREW ZYBAS	SENIOR VP	40.00	Officer	$157,944	$1,266	$159,210
CHERYL WILLETTE	TREASURER	40.00	Officer	$158,925	$24,517	$183,442
JULIE LAPPIN	SECRETARY	N/A	Officer	$100,878	$26,432	$127,310
JOHN KUNELIUS	COO AND VP	40.00	Officer	$189,104	$12,833	$201,937
MICHAEL SCHULZ	ASSOC. VP	40.00	Highest	$181,584	$23,146	$204,730
KRISTEN PEDERSEN	VP	40.00	Officer	$171,954	$23,607	$195,561
SHERMAN PATRICK	VP	40.00	Highest	$157,436	$10,507	$167,943
RACHEL SICKLER	SR. DEVELOPE	40.00	Highest	$131,113	$23,151	$154,264
CODY YOUNG	CISO	40.00	Highest	$123,551	$43,946	$167,497
THOMAS MUEHLEISEN	EXERCISE DEV	40.00	Highest	$121,906	$37,302	$159,208

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	$6,387,793	$6,124,274	$4,633,207	$263,519
2024	$9,578,163	$8,816,514	$4,996,564	$761,649
2023	$6,989,791	$6,524,577	$5,239,150	$465,214
2022	$8,048,924	$7,255,853	$3,216,977	$793,071
2021	$7,579,853	$6,507,243	$3,051,687	$1,072,610
2020	$3,650,823	$3,138,723	$1,232,410	$512,100
2019	$2,163,869	$2,253,376	$787,841	$-89,507
2018	$1,924,769	$2,306,729	$626,886	$-381,960

NORWICH UNIVERSITY APPLIED RESEARCH INSTITUTES LTD