SRC Inc (EIN 150589832) - 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

1957

Legal Domicile

Principal Officer

Gwendolyn Sykes

Phone

3154528000

Tax Period

2023-10-01 to 2024-09-30

SRC Inc, founded in 1957, is a major nonprofit in the Unknown sector that reported $326.5M in total revenue in fiscal year 2023.

Mission

SRC Inc. is a Scientific RD Company that provides innovative solutions to the U.S. Government and other selected markets through advances in science, technology, public involvement, leadership, and academic partnerships

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $303,145,049

Investment Income $19,383,355

Other Revenue $4,012,402

TOTAL REVENUE $326,540,806

Expense Breakdown

Grants Paid $0

Salaries & Benefits $171,555,303

Fundraising Expenses $0

Program Expenses $278,784,001

Other Expenses $157,544,469

TOTAL EXPENSES $329,099,772

Year-over-Year Comparison

	2023	2022	Change
Revenue	$326,540,806	$311,465,062	+0.0%
Expenses	$329,099,772	$288,390,960	+0.1%
Net Income	$-2,558,966	$23,074,102	-1.1%

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

1337

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

$6,981,457

Total Directors

$4,264,531

Key Employees

$2,358,579

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kevin Hair	President CEO	040.00	Officer Director	$2,643,795	$268,736	$2,912,531
Joseph T Lauko	Chief Operating Officer	040.00	Officer	$1,171,458	$150,006	$1,321,464
James F Holland	Former - Executive VP, Enterprise Services	040.00	Officer	$1,028,273	$115,461	$1,143,734
Mary L Snyder	Executive VP, General Counsel	040.00	Officer	$810,233	$111,997	$922,230
Andrea V Masten	Former - Senior VP, Defense Systems Solutions	040.00		$707,001	$22,515	$729,516
Anthony O Stewart	Former VP, Corporate Quality	N/A		$0	$81,447	$683,036
Gwendolyn Sykes	Executive VP, Finance Chief Financial Officer	040.00	Officer	$610,611	$70,887	$681,498
Stephen L Duning	Senior VP, EWS	040.00	Key Emp	$525,418	$66,192	$591,610
Matthew E Tryniski	Senior VP Defense Systems Technologies	040.00	Key Emp	$418,431	$61,441	$479,872
Kevin M Unger	Senior VP International Operations	040.00	Key Emp	$414,989	$61,440	$476,429
David T Bessey	VP, Business Development	040.00	Key Emp	$365,076	$48,590	$413,666
Asif Q Mossa	AVP Business Development	040.00	Highest	$356,606	$52,315	$408,921
Yuan Kong	VP, Corporate Quality	040.00	Key Emp	$342,822	$54,180	$397,002
Julianne F Ramsey	AVP ITSS	040.00	Highest	$341,864	$33,263	$375,127
Philip Fazio	Former - Executive VP, Finance Chief Financial Officer	040.00		$327,282	$32,997	$360,279
Michael E Murphy	Business Development Director	040.00	Highest	$307,966	$50,870	$358,836
Matthew Downey	AVP, Strategy Technology	040.00	Highest	$303,359	$50,239	$353,598
Susan J Gallagher	Former - VP, Engineering	040.00		$342,671	$6,781	$349,452
David F Toomey III	AVP Business Development	040.00	Highest	$317,020	$32,334	$349,354
Joseph Corasanti	Trustee	001.00	Director	$200,000	$0	$200,000
Joan A Dempsey	Chairperson	001.00	Director	$180,000	$0	$180,000
Anthony Mitchell	Trustee	001.00	Director	$160,000	$0	$172,000
Thomas Triscari	Trustee	001.00	Director	$160,000	$0	$160,000
Donald Kerrick	Trustee	001.00	Director	$160,000	$0	$160,000
Kimberly A Boynton	Vice Chairperson	001.00	Director	$160,000	$0	$160,000
Deborah G Oliver	Trustee	001.00	Director	$160,000	$0	$160,000
Rajeev Bhalla	Trustee	001.00	Director	$160,000	$0	$160,000
Leon Roger Mason Jr	Trustee	001.00	Director	$0	$0	$0
Dennis L Via	Trustee	001.00	Director	$0	$0	$0
Karen Morrissey	VP, HR CR	040.00	Key Emp	$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	$326,540,806	$329,099,772	$426,234,126	$-2,558,966
2023	$311,465,062	$288,390,960	$402,204,660	$23,074,102
2022	$287,793,652	$296,686,710	$358,515,578	$-8,893,058
2021	$311,439,554	$310,275,396	$369,262,622	$1,164,158
2020	$323,256,106	$320,989,661	$382,982,230	$2,266,445
2019	$279,923,526	$295,763,618	$358,411,698	$-15,840,092
2018	$240,105,377	$248,672,855	$360,624,074	$-8,567,478

SRC Inc