INSTITUTE FOR THE STUDY OF WAR INC (EIN 260273675) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

KIMBERLY KAGAN

Phone

2022935500

Tax Period

2024-01-01 to 2024-12-31

INSTITUTE FOR THE STUDY OF WAR INC, founded in 2007, is a community nonprofit in the Education sector that reported $8.2M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $1.5M, a strong 19% operating margin.

Mission

THE INSTITUTE FOR THE STUDY OF WAR (ISW) ADVANCES AN INFORMED UNDERSTANDING OF MILITARY AFFAIRS THROUGH RELIABLE RESEARCH, TRUSTED ANALYSIS, AND INNOVATIVE EDUCATION. WE ARE COMMITTED TO IMPROVING THE NATION'S ABILITY TO EXECUTE MILITARY OPERATIONS AND RESPOND TO EMERGING THREATS IN ORDER TO ACHIEVE U.S. STRATEGIC OBJECTIVES. ISW IS A NON-PARTISAN, NON-PROFIT, PUBLIC POLICY RESEARCH ORGANIZATION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,102,161

Program Service Revenue $0

Investment Income $144,731

Other Revenue $-1,955

TOTAL REVENUE $8,244,937

Expense Breakdown

Grants Paid $80,250

Salaries & Benefits $4,107,467

Fundraising Expenses $581,427

Program Expenses $4,960,087

Other Expenses $2,488,058

TOTAL EXPENSES $6,699,775

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,244,937	$9,240,453	-0.1%
Expenses	$6,699,775	$5,617,988	+0.2%
Net Income	$1,545,162	$3,622,465	-0.6%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$229,440

Total Directors

$229,440

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GENERAL RET JACK KEANE	CHAIRMAN OF THE BOARD	1.00	Officer Director	$0	$0	$0
WILLIAM KRISTOL	SECRETARY	1.00	Officer Director	$0	$0	$0
COLONEL WILLIAM ROBERTI	TREASURER	1.00	Officer Director	$0	$0	$0
JACK MCCARTHY	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE MOSLER	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN MANDIA	DIRECTOR	1.00	Director	$0	$0	$0
DR JENNIFER LONDON	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH LIEBERMAN DECEASED MAR 2024	DIRECTOR	1.00	Director	$0	$0	$0
GENERAL R DAVID PETRAEUS	DIRECTOR	1.00	Director	$0	$0	$0
WARREN PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
HON KELLY CRAFT	DIRECTOR	1.00	Director	$0	$0	$0
HUDSON LA FORCE	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY KAGAN	PRESIDENT	40.00	Officer Director	$221,040	$8,400	$229,440
BRIAN BABCOCK-LUMISH	DIRECTOR, PETRAEUS CENTER	40.00	Highest	$174,314	$6,360	$180,674
JENNIFER CAFARELLA	DIRECTOR OF STRATEGIC INIT	40.00	Highest	$148,499	$22,294	$170,793
MADELINE SHAFFER	DIRECTOR OF ANNUAL GIVING	40.00	Highest	$111,640	$12,580	$124,220
STEPHEN GAILLIOT	RESEARCH DIRECTOR	40.00	Highest	$110,749	$0	$110,749
ALEXANDER MITCHELL	EXTERNAL RELATIONS DIRECTOR	40.00	Highest	$112,108	$12,653	$124,761

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	$8,244,937	$6,699,775	$10,974,283	$1,545,162
2023	$9,240,453	$5,617,988	$9,585,287	$3,622,465
2022	$5,408,922	$3,878,696	$6,485,550	$1,530,226
2021	$4,501,015	$2,536,862	$4,071,486	$1,964,153
2020	$1,410,184	$2,562,525	$2,439,908	$-1,152,341
2019	$3,831,268	$2,894,975	$3,322,516	$936,293
2018	$2,313,913	$2,359,948	$2,311,157	$-46,035

INSTITUTE FOR THE STUDY OF WAR INC