Hudson Institute Inc (EIN 131945157) - 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

1961

Legal Domicile

Principal Officer

John P Walters

Phone

2029742400

Tax Period

2024-01-01 to 2024-12-31

Hudson Institute Inc, founded in 1961, is a mid-sized nonprofit that reported $22.7M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $26.4M exceeded revenue, resulting in a 17% operating deficit.

Mission

Hudson Institute is a research organization promoting American leadership for a secure, free, and prosperous future. Founded in 1961 by strategist Herman Kahn, Hudson Institute challenges conventional thinking and helps manage strategic transitions through interdisciplinary studies in defense, international relations, economics, energy, technology, culture, and law. Hudson seeks to guide policymakers and global leaders in government and business through a robust program of publications, conferences, policy briefings, and recommendations.

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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 $18,345,282

Program Service Revenue $0

Investment Income $4,602,374

Other Revenue $-263,726

TOTAL REVENUE $22,683,930

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,225,748

Fundraising Expenses $2,521,174

Program Expenses $21,573,876

Other Expenses $9,178,141

TOTAL EXPENSES $26,428,239

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,683,930	$24,783,916	-0.1%
Expenses	$26,428,239	$24,891,108	+0.1%
Net Income	$-3,744,309	$-107,192	+33.9%

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

108

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

$2,481,921

Total Directors

$663,734

Key Employees

$232,825

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John P Walters	President and CEO	40.00	Officer Director	$600,353	$63,381	$663,734
Joel Scanlon	Executive Vice President	40.00	Officer	$334,570	$42,858	$377,428
Steven Corder	Chief Financial Officer	40.00	Officer	$246,599	$40,656	$287,255
Ann Marie Hauser	Vice President, Public Affairs	40.00	Officer	$292,256	$37,798	$330,054
Matthew Hunter	Vice President, Strategic Partnerships	40.00	Officer	$307,325	$15,704	$323,029
Daniel McKivergan	Vice President, Government Relations	40.00	Officer	$276,166	$57,816	$333,982
Nicholas Mackey	Director of Operations	40.00	Key Emp	$189,835	$42,990	$232,825
Victoria Miller	Corporate Secretary	40.00	Officer	$143,986	$22,453	$166,439
Bryan Clark	Senior Fellow and Director	40.00	Highest	$285,606	$33,114	$318,720
Patrick Cronin	Asia-Pacific Security Chair	40.00	Highest	$265,203	$47,552	$312,755
Michael Doran	Senior Fellow and Director	40.00	Highest	$283,989	$60,808	$344,797
Thomas Duesterberg	Senior Fellow	40.00	Highest	$264,750	$22,239	$286,989
Walter Russell Mead	Distinguished Fellow	40.00	Highest	$406,245	$38,636	$444,881
Sarah May Stern	Chair	8.00	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
Linden S Blue	Trustee	1.00	Director	$0	$0	$0
Jack David	Senior Fellow and Trustee	1.00	Director	$0	$0	$0
Thomas J Donohue	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
Jessie Knight Jr	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
Leslie D Ware	Trustee	1.00	Director	$0	$0	$0
Margaret Whitehead	Trustee	1.00	Director	$0	$0	$0

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	$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

Hudson Institute Inc