FEDERATION OF AMERICAN SCIENTISTS

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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

1946

Legal Domicile

Principal Officer

DANIEL CORREA

Phone

2029338969

Tax Period

2024-07-01 to 2025-06-30

FEDERATION OF AMERICAN SCIENTISTS, founded in 1946, is a mid-sized nonprofit in the International Affairs sector that reported $35.6M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

FEDERATION OF AMERICAN SCIENTISTS (FAS) IS A NONPARTISAN ORGANIZATION LOCATED IN THE DISTRICT OF COLUMBIA. FAS EMBEDS SCIENCE, TECHNOLOGY, INNOVATION, AND EXPERIENCE INTO GOVERNMENT AND PUBLIC DISCOURSE IN ORDER TO BUILD A HEALTHY, SAFE, PROSPEROUS, AND EQUITABLE SOCIETY.

Program Service Accomplishments

Program 1

Expenses: $13,188,771 Revenue: $0

FISCAL SPONSORSHIPS (FORMERLY KNOWN AS SPECIAL PROJECTS): A HOME FOR INITIATIVES THAT BRING SCIENCE AND TECHNOLOGY TO BEAR ON CRITICAL POLICY CHALLENGES. THE PROGRAM IS DESIGNED TO ADDRESS A...

FISCAL SPONSORSHIPS (FORMERLY KNOWN AS SPECIAL PROJECTS): A HOME FOR INITIATIVES THAT BRING SCIENCE AND TECHNOLOGY TO BEAR ON CRITICAL POLICY CHALLENGES. THE PROGRAM IS DESIGNED TO ADDRESS A CONTINUING LONG-TERM CHALLENGE: ENSURING THAT HIGH IMPACT SCIENCE AND TECHNOLOGY PROJECTS FOR THE PUBLIC GOOD HAVE THE OPERATIONAL INFRASTRUCTURE, FINANCIAL SUSTAINABILITY, AND STRATEGIC SUPPORT THEY NEED TO LAUNCH QUICKLY, OPERATE RESPONSIBLY, AND DEMONSTRATE MEASURABLE PUBLIC BENEFIT. IN FY2025, FAS ACCEPTED TAX-DEDUCTIBLE CONTRIBUTIONS ON BEHALF OF SPONSORED NINE PROJECTS AND PROVIDED FINANCIAL OVERSIGHT, COMPLIANCE, AND ADMINISTRATIVE INFRASTRUCTURE INCLUDING SUPPORTING THE ALLIANCE FOR LEARNING INNOVATION (ALI) AS IT DEVELOPED AN INDEPENDENT OPERATING MODEL, SUPPORTED BY SIX PHILANTHROPIES.

Program 2

Expenses: $11,226,168 Revenue: $0

TALENT INITIATIVES: FELLOWSHIP PROGRAMS THAT CULTIVATE POLICY ENTREPRENEURSHIP SKILLS AMONG SCIENTIFIC AND TECHNICAL (S&T) TALENT AND DEPLOY EXPERTS INTO PUBLIC SERVICE TO MAKE PROGRESS ON THE MOST IMPORTANT S&T CHALLENGES OF OUR TIME. IN FY2025, FAS CONTINUED TO MANAGE FELLOWSHIPS ACROSS THE FEDERAL GOVERNMENT, INCLUDING AT THE US DEPARTMENT OF AGRICULTURE WHERE FELLOWS BRIDGED THE GAPS BETWEEN POLICY DESIGN AND PRACTICAL IMPLEMENTATION, PARTICULARLY FOR RURAL AND TRIBAL FARMING COMMUNITIES. ADDITIONALLY, FAS EXPANDED THE TALENT INITIATIVES PROGRAM TO PROVIDE FELLOWSHIPS INTO CIVIL SOCIETY ORGANIZATIONS SUPPORTING 10 FELLOWS WORKING ON ENERGY AFFORDABILITY, DIGITAL TRANSFORMATION IN GOVERNMENT, FEDERAL DATA INFRASTRUCTURE, AND MORE.

Program 3

Expenses: $2,365,161 Revenue: $0

SCIENCE POLICY ENTREPRENEURSHIP AND DAY ONE PROJECT: A PLATFORM FOR SHAPING PUBLIC POLICY THAT DEMOCRATIZES THE POLICY PROCESS BY SUPPORTING INDIVIDUALS ACROSS THE SCIENCE AND TECHNOLOGY ECOSYSTEM...

SCIENCE POLICY ENTREPRENEURSHIP AND DAY ONE PROJECT: A PLATFORM FOR SHAPING PUBLIC POLICY THAT DEMOCRATIZES THE POLICY PROCESS BY SUPPORTING INDIVIDUALS ACROSS THE SCIENCE AND TECHNOLOGY ECOSYSTEM WITH PROMISING IDEAS AND TURNING THEM INTO ACTIONABLE POLICY. IN FY2025, FAS HOSTED THE DAY ONE 2025 SUMMIT, A CULMINATION OF A YEAR-LONG POLICY SPRINT THAT CREATED MORE THAN 200 NONPARTISAN, IMPLEMENTATION READY POLICY PROPOSALS FOR A NEW ADMINISTRATION SPANNING A BROAD RANGE OF SCIENCE AND TECHNOLOGY DOMAINS. THIS SUMMIT SHOWCASED THE PROPOSALS, CONVENING MORE THAN 130 PARTICIPANTS, AND LAID THE GROUNDWORK FOR THE NEWLY-LAUNCHED THE CENTER FOR REGULATORY INGENUITY (CRI), A NEW HUB DEDICATED TO APPLYING THE INSIGHTS OF THE GOVERNMENT CAPACITY MOVEMENT TO SPECIFIC, THORNY PROBLEMS THAT REQUIRE A FUNDAMENTAL REIMAGINING OF REGULATION AND GOVERNANCE.

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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 $34,963,077

Program Service Revenue $0

Investment Income $639,711

Other Revenue $0

TOTAL REVENUE $35,602,788

Expense Breakdown

Grants Paid $229,585

Salaries & Benefits $15,711,311

Fundraising Expenses $566,037

Program Expenses $32,215,480

Other Expenses $20,489,752

TOTAL EXPENSES $36,430,648

Year-over-Year Comparison

	2024	2023	Change
Revenue	$35,602,788	$29,395,631	+0.2%
Expenses	$36,430,648	$27,219,867	+0.3%
Net Income	$-827,860	$2,175,764	-1.4%

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

Governance

Voting Members

Independent Members

Employees

116

Volunteers

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

$1,614,022

Total Directors

$779,473

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL CORREA	CHIEF EXECUTIVE OFFICER	40.00	Officer Director	$683,472	$96,001	$779,473
GILMAN LOUIE	CHAIR	0.43	Officer Director	$0	$0	$0
JOHN BAILEY	VICE CHAIR	0.43	Officer Director	$0	$0	$0
SOREN ELBECH	TREASURER	0.32	Officer Director	$0	$0	$0
DANIEL GERSTEIN	SECRETARY	0.32	Officer Director	$0	$0	$0
CATHERINE LOTRIONTE	MEMBER	0.23	Director	$0	$0	$0
ALLISON SCOTT	MEMBER	0.23	Director	$0	$0	$0
JIM GATES	MEMBER	0.23	Director	$0	$0	$0
THERESA MAYER	MEMBER	0.23	Director	$0	$0	$0
TOM SCHENK JR	MEMBER	0.23	Director	$0	$0	$0
MANIZHA NABIEVA	CHIEF FINANCIAL OFFICER (THRU 6/25)	40.00	Officer	$254,036	$18,399	$272,435
ANNETTE GERMANA	CHIEF OF STAFF	40.00	Officer	$200,643	$21,127	$221,770
JEDIDAH ISLER	CHIEF SCIENCE OFFICER (BEG. 12/24)	40.00	Officer	$21,875	$0	$21,875
GINGER ZIELINSKIE	CHIEF IMPACT OFFICER (THRU 10/24)	40.00	Officer	$318,173	$296	$318,469
SARA SCHAPIRO	DIRECTOR OF SOCIAL INNOVATION	40.00	Highest	$263,794	$48,057	$311,851
JON WOLFSTHAL	DIRECTOR OF GLOBAL RISKS	40.00	Highest	$194,969	$46,422	$241,391
ERICA GOLDMAN	DIRECTOR OF SCIENCE POLICY	40.00	Highest	$192,394	$26,326	$218,720
SHANNON BECKS	DIR. POLICY FELLOWSHIP PROGRAMS	40.00	Highest	$187,836	$22,313	$210,149
MEGAN MCLEISH	DIRECTOR OF PARTNERSHIPS	40.00	Highest	$165,320	$30,985	$196,305

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	$35,602,788	$36,430,648	$36,146,420	$-827,860
2024	$29,395,631	$27,219,867	$32,515,997	$2,175,764
2023	$11,455,084	$18,307,032	$28,887,502	$-6,851,948
2022	$28,862,818	$8,407,200	$35,241,179	$20,455,618
2021	$3,626,877	$4,910,525	$8,204,575	$-1,283,648
2021	$3,626,877	$4,910,525	$8,204,575	$-1,283,648
2020	$6,756,159	$2,874,949	$9,565,658	$3,881,210
2019	$2,190,213	$1,638,629	$6,083,790	$551,584