Hudson Institute Inc

EIN: 131945157 501(c)(3)

Washington, DC

Total Revenue
$67,049,361
Total Expenses
$24,508,480
Total Assets
$130,372,971
Net Assets
$114,824,938
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1961
Legal Domicile
NY
Principal Officer
John P Walters
Phone
2029742400
Tax Period
2025-01-01 to 2025-12-31

Hudson Institute Inc, founded in 1961, is a mid-sized nonprofit that reported $67.0M in total revenue in fiscal year 2025. Revenue surged 196% from the prior year, signaling strong growth momentum. The organization ran a surplus of $42.5M, a strong 63% operating margin.

Mission

Hudson Institute is a research organization promoting American leadership for a secure, free, and prosperous future.

Program Service Accomplishments

Program 1
Expenses: $15,776,042

To advance research, analysis, and policy solutions on US national security, defense strategy, great power competition with China and Russia, alliances and deterrence, human rights, religious...

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To advance research, analysis, and policy solutions on US national security, defense strategy, great power competition with China and Russia, alliances and deterrence, human rights, religious freedom, and American leadership in foreign policy. (For more information, see www.hudson.org.)

Program 2
Expenses: $4,193,632

To advance research, dialogue, and policy recommendations on US economic growth, innovation, trade, domestic policy challenges, political institutions, and the intersection of economic strength with...

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To advance research, dialogue, and policy recommendations on US economic growth, innovation, trade, domestic policy challenges, political institutions, and the intersection of economic strength with national security. (For more information, see www.hudson.org.)

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $24,355,589
Program Service Revenue $0
Investment Income $43,024,259
Other Revenue $-330,487
TOTAL REVENUE $67,049,361

Expense Breakdown

Grants Paid $483,570
Salaries & Benefits $15,541,377
Fundraising Expenses $2,299,548
Program Expenses $19,969,674
Other Expenses $8,302,833
TOTAL EXPENSES $24,508,480

Year-over-Year Comparison

2025 2024 Change
Revenue $67,049,361 $22,683,930 +2.0%
Expenses $24,508,480 $26,428,239 -0.1%
Net Income $42,540,881 $-3,744,309 -12.4%
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

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Governance

Voting Members
16
Independent Members
15
Employees
87
Volunteers
112

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
12
$2,606,560
Total Directors
16
$697,908
Key Employees
1
$310,307
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
John P Walters President and CEO 40.00
Officer Director
$631,113 $66,795 $697,908
Sarah May Stern Chair 8.00
Officer Director
$0 $0 $0
Richard Emmet Vice Chair 1.00
Officer Director
$0 $0 $0
Russell Pennoyer Vice Chair 1.00
Officer Director
$0 $0 $0
Thomas C Barry Trustee 1.00
Director
$0 $0 $0
Lucy Billingsley Trustee 1.00
Director
$0 $0 $0
Linden S Blue Trustee 1.00
Director
$0 $0 $0
Jack David Senior Fellow and Trustee 1.00
Director
$0 $0 $0
Michael Kassen Trustee 1.00
Director
$0 $0 $0
Shinya Katanozaka Trustee 1.00
Director
$0 $0 $0
Laurence C Leeds Jr Trustee 1.00
Director
$0 $0 $0
Shyam Sankar Trustee 1.00
Director
$0 $0 $0
Michael L Santini Trustee 1.00
Director
$0 $0 $0
William H Strong Trustee 1.00
Director
$0 $0 $0
Leslie D Ware Trustee 1.00
Director
$0 $0 $0
Margaret Whitehead Trustee 1.00
Director
$0 $0 $0
Joel Scanlon Executive Vice President 40.00
Officer
$379,990 $43,389 $423,379
Halina Helenihi Director of Finance and Accounting 40.00
Officer
$120,190 $5,798 $125,988
Ann Marie Hauser Vice President, Public Affairs 40.00
Officer
$197,402 $8,191 $205,593
Matthew Hunter Senior Vice President 40.00
Officer
$335,088 $39,044 $374,132
Owen Dorney Vice President, Strategic Partnerships 40.00
Officer
$228,918 $34,384 $263,302
Emily Alcock Corporate Secretary 40.00
Officer
$40,000 $5,697 $45,697
Daniel McKivergan Vice President, Government Relations 40.00
Officer
$253,380 $17,733 $271,113
Victoria Miller Dir of PA, Corporate Secretary 40.00
Officer
$175,622 $23,826 $199,448
Nicholas Mackey Director of Operations 40.00
Key Emp
$260,696 $49,611 $310,307
Walter Russell Mead DF in Strategy and Statesmanship 40.00
Highest
$426,695 $39,296 $465,991
Michael Doran Senior Fellow and Director 40.00
Highest
$330,356 $59,648 $390,004
Bryan Clark Senior Fellow and Director 40.00
Highest
$315,723 $26,495 $342,218
Patrick Cronin Asia-Pacific Security Chair 40.00
Highest
$277,572 $48,494 $326,066
Thomas Duesterberg Senior Fellow 40.00
Highest
$256,155 $21,385 $277,540
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 $67,049,361 $24,508,480 $130,372,971 $42,540,881
2024 $22,683,930 $26,428,239 $121,069,620 $-3,744,309
2023 $24,783,916 $24,891,108 $117,371,037 $-107,192
2022 $25,174,986 $22,325,841 $110,726,571 $2,849,145
2021 $23,200,201 $19,100,081 $103,422,402 $4,100,120
2020 $17,499,134 $16,875,501 $85,448,216 $623,633
2019 $48,758,703 $18,275,524 $78,623,529 $30,483,179
2018 $17,578,220 $16,319,597 $40,281,522 $1,258,623
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