DEFENSE RESEARCH INSTITUTE INC

EIN: 390978501

CHICAGO, IL

Total Revenue
$11,528,991
Total Expenses
$11,688,740
Total Assets
$17,623,102
Net Assets
$9,566,696
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1960
Legal Domicile
WI
Principal Officer
DEAN MARTINEZ
Phone
3127951101
Tax Period
2023-01-01 to 2023-12-31

DEFENSE RESEARCH INSTITUTE INC, founded in 1960, is a mid-sized nonprofit that reported $11.5M in total revenue in fiscal year 2023.

Mission

THE DEFENSE RESEARCH INSTITUTE (DRI) IS AN INTERNATIONAL MEMBERSHIP ORGANIZATION OF LAWYERS, INVOLVED IN THE DEFENSE OF CIVIL LITIGATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $9,901,769
Investment Income $314,272
Other Revenue $1,312,950
TOTAL REVENUE $11,528,991

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,011,148
Fundraising Expenses $0
Other Expenses $5,677,592
TOTAL EXPENSES $11,688,740

Year-over-Year Comparison

2023 2022 Change
Revenue $11,528,991 $11,339,697 +0.0%
Expenses $11,688,740 $11,764,964 0.0%
Net Income $-159,749 $-425,267 -0.6%
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
37
Independent Members
36
Employees
52
Volunteers
300

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
10
$981,631
Total Directors
48
$636,500
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEAN MARTINEZ CEO 35.00
Officer Director
$578,690 $57,810 $636,500
PATRICK J SWEENEY PRESIDENT 1.00
Officer Director
$0 $0 $0
ANNE M TALCOTT PRESIDENT-ELECT 1.00
Officer Director
$0 $0 $0
R JEFFREY LOWE FIRST VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JILL CRANSTON RICE SECOND VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
KATHLEEN M MAUS SECRETARY-TREASURER (TO OCT '23) 1.00
Officer Director
$0 $0 $0
SARA M TURNER SECRETARY-TREASURER 1.00
Officer Director
$0 $0 $0
DOUGLAS K BURRELL IMMEDIATE PAST-PRESIDENT (TO OCT '23) 1.00
Officer Director
$0 $0 $0
LANA A OLSON IMMEDIATE PAST-PRESIDENT 1.00
Officer Director
$0 $0 $0
MARK R BEEBE DIRECTOR (TO AUG '23) 1.00
Director
$0 $0 $0
MICHAEL D CARTER DIRECTOR 1.00
Director
$0 $0 $0
MARIE E CHAFE DIRECTOR 1.00
Director
$0 $0 $0
JODY C CORBETT DIRECTOR (FROM OCT'23) 1.00
Director
$0 $0 $0
JAMES P CRAIG DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL L DAILEY DIRECTOR 1.00
Director
$0 $0 $0
MARIO J DELANO DIRECTOR (FROM OCT'23) 1.00
Director
$0 $0 $0
DESSI N DAY DIRECTOR 1.00
Director
$0 $0 $0
STACY L DOUGLAS DIRECTOR (FROM OCT'23) 1.00
Director
$0 $0 $0
CATHERINE C DUGAN DIRECTOR 1.00
Director
$0 $0 $0
DYAN J EBERT DIRECTOR (FROM AUG '23) 1.00
Director
$0 $0 $0
LAURA EMMETT DIRECTOR (TO OCT '23) 1.00
Director
$0 $0 $0
ALLEN M ESTES DIRECTOR (TO OCT '23) 1.00
Director
$0 $0 $0
EVELYN FLETCHER-DAVIS DIRECTOR (TO AUG '23) 1.00
Director
$0 $0 $0
HEIDI G GOEBEL DIRECTOR (FROM AUG '23) 1.00
Director
$0 $0 $0
MATTHEW S HEFFLEFINGER DIRECTOR (TO OCT '23) 1.00
Director
$0 $0 $0
JAMES W HEHNER DIRECTOR 1.00
Director
$0 $0 $0
DAVID L JONES DIRECTOR 1.00
Director
$0 $0 $0
DONNA M LAMONTAGNE DIRECTOR (FROM AUG '23) 1.00
Director
$0 $0 $0
MATTHEW J LAVISKY DIRECTOR (FROM OCT'23) 1.00
Director
$0 $0 $0
CATHERINE A LEATHERWOOD DIRECTOR 1.00
Director
$0 $0 $0
RENEE W LIVINGSTON DIRECTOR 1.00
Director
$0 $0 $0
THOMAS J MARONEY DIRECTOR 1.00
Director
$0 $0 $0
CRAIG A MARVINNEY DIRECTOR 1.00
Director
$0 $0 $0
HOWARD A MERTEN DIRECTOR (TO AUG '23) 1.00
Director
$0 $0 $0
MATTHEW T NELSON DIRECTOR (FROM OCT'23) 1.00
Director
$0 $0 $0
LORI K O'TOOL DIRECTOR (TO OCT '23) 1.00
Director
$0 $0 $0
STEPHEN O PLUNKETT DIRECTOR 1.00
Director
$0 $0 $0
CHRISTOPHER J PYLES DIRECTOR 1.00
Director
$0 $0 $0
RACHEL TALLON REYNOLDS DIRECTOR (FROM OCT'23) 1.00
Director
$0 $0 $0
ANTHONY J SBARRA JR DIRECTOR (TO OCT '23) 1.00
Director
$0 $0 $0
MICHELE Y SMITH DIRECTOR 1.00
Director
$0 $0 $0
CARMEN R TOLEDO DIRECTOR (TO OCT '23) 1.00
Director
$0 $0 $0
TRACEY L TURNBULL DIRECTOR 1.00
Director
$0 $0 $0
TANNER J WALLS DIRECTOR 1.00
Director
$0 $0 $0
DANIELLE M WALTZ DIRECTOR (FROM OCT'23) 1.00
Director
$0 $0 $0
ALBERT BARCLAY WONG DIRECTOR 1.00
Director
$0 $0 $0
RICARDO A WOODS DIRECTOR 1.00
Director
$0 $0 $0
ALEKSANDRA ZIVANOVIC DIRECTOR (FROM OCT'23) 1.00
Director
$0 $0 $0
SEAN M DOLAN COO 35.00
Officer
$291,993 $53,138 $345,131
THOMAS FOLEY VP, ENGAGEMENT 35.00
Highest
$169,669 $29,792 $199,461
TRISH CLEARY VP, MARKETING 35.00
Highest
$148,915 $39,139 $188,054
LAURIE MILLER VP, PROGRAMMING 35.00
Highest
$143,500 $18,297 $161,797
MALIK ALANSARI DIRECTOR OF FINANCE AND OPERATIONS 35.00
Highest
$137,090 $41,324 $178,414
GLENDA F WEAVER DIRECTOR, IT 35.00
Highest
$131,467 $26,591 $158,058
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 No data No data No data No data
2023 $11,528,991 $11,688,740 $17,623,102 $-159,749
2022 $11,339,697 $11,764,964 $15,853,542 $-425,267
2021 $11,458,641 $9,966,322 $15,901,416 $1,492,319
2020 $8,078,194 $10,394,793 $14,238,696 $-2,316,599
2019 $14,933,420 $14,754,773 $15,755,599 $178,647
2018 $15,284,455 $15,527,092 $14,527,164 $-242,637
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