DEFENSEWERX INC

EIN: 460684933 501(c)(3) Science & Technology

NICEVILLE, FL

Total Revenue
$112,469,707
Total Expenses
$112,375,245
Total Assets
$96,624,441
Net Assets
$746,174
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
FL
Principal Officer
BRIAN LIESVELD
Phone
8508424392
Tax Period
2023-10-01 to 2024-09-30

DEFENSEWERX INC, founded in 2012, is a major nonprofit in the Science & Technology sector that reported $112.5M in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum.

Mission

INNOVATIVE, COST-EFFECTIVE, TIMELY SCIENCE AND TECHNOLOGY SOLUTIONS FOR DEFENSE AND COMMERCIAL CUSTOMERS.

Program Service Accomplishments

Program 1
Expenses: $111,786,866 Revenue: $0

PIA - PARTNERSHIP INTERMEDIARY AGREEMENT THAT INCLUDES INNOVATION AND COLLABORATION, TECHNOLOGY TRANSFER, WORKFORCE DEVELOPMENT, AND NEUTRAL FACILITATION. FOR INNOVATION AND COLLABORATION SERVICES...

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PIA - PARTNERSHIP INTERMEDIARY AGREEMENT THAT INCLUDES INNOVATION AND COLLABORATION, TECHNOLOGY TRANSFER, WORKFORCE DEVELOPMENT, AND NEUTRAL FACILITATION. FOR INNOVATION AND COLLABORATION SERVICES THE ORGANIZATION CREATES AND MAINTAINS INNOVATION AND COLLOBORATION ENVIRONMENTS THAT ENABLE CUSTOMERS TO EFFECTIVELY EXPAND THEIR SCIENTIFIC RESEARCH PROJECT'S PERFORMANCE. FOR TECHNOLOGY TRANSFER THE ORGANIZATION WORKS WITH GOVERNMENT, INDUSTRY AND ACADEMIA TO EXPLORE INNOVATIVE STRATEGIES FOR EFFECTIVELY TRANSFERRING GOVERNMENT LABORATORY SCIENTIFIC RESEARCH TECHNOLOGIES TO THE COMMERCIAL MARKETPLACE AND VICE VERSA. DEFENSEWERX HOSTS AND CONDUCTS FORUMS TO FACILITATE THE EXCHANGE OF TECHNOLOGY IDEAS BETWEEN GOVERMENT RESEARCHERS, COMMERCIAL ENTITIES AND ACADEMIC ENTITIES TO SHARE INFORMATION AND IDENTIFY POTENTIAL COMMERCIALIZATION OPPORUNITIES.FOR WORKFORCE DEVELOPMENT THE ORGANIZATION SEEKS TO SUPPORT EDUCATION OPPORTUNITIES TO THE CURRENT WORKFORCE TO ENHANCE OR EXPAND THEIR SKILL SETS IN A VARIETY OF BOTH TRADITIONAL AND NON-TRADITIONAL METHODS. THESE APPROACHES MAY RANGE FROM CLASSROOM STYLE FUNCTIONAL TRAINING, TO LEADERSHIP SEMINARS, TO CREATIVE WORKSHOPS OR GUEST LECTURERS. DEFENSEWERX ALSO WORKS WITH THE AIR FORCE RESEARCH LABORATORY, OKALOOSA COUNTY SCHOOL DISTRICT, NORTHWEST FLORIDA STATE COLLEGE, UNIVERSITY OF WEST FLORIDA, FLORIDA STATE UNIVERSITY, AND UNIVERSITY OF FLORIDA TO EXPOSE YOUNG STUDENTS TO HIGH-CALIBER SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS (STEM) LEARNING OPPORTUNITIES.

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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 $112,452,271
Program Service Revenue $0
Investment Income $17,436
Other Revenue $0
TOTAL REVENUE $112,469,707

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,340,093
Fundraising Expenses $0
Program Expenses $111,786,866
Other Expenses $101,035,152
TOTAL EXPENSES $112,375,245

Year-over-Year Comparison

2023 2022 Change
Revenue $112,469,707 $84,169,805 +0.3%
Expenses $112,375,245 $84,114,973 +0.3%
Net Income $94,462 $54,832 +0.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
112
Volunteers
9

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
3
$316,948
Total Directors
8
$316,948
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN LIESVELD CHIEF EXECUTIVE OFFICER 40.00
Officer Director
$316,948 $0 $316,948
MICHAEL B GRAY DIRECTOR 0.40
Director
$0 $0 $0
TERE'SA HEBERT DIRECTOR 0.40
Director
$0 $0 $0
TIM KRUEGER DIRECTOR 0.40
Director
$0 $0 $0
GARY HAASE DIRECTOR 0.40
Director
$0 $0 $0
SPENCER BAKER DIRECTOR 0.40
Director
$0 $0 $0
DR JOHN S WILCOX DIRECTOR 0.40
Director
$0 $0 $0
MICHAEL NELSON DIRECTOR 0.40
Director
$0 $0 $0
BERNARD JOHNSON CHAIRMAN AND TREASURER 0.40
Officer
$0 $0 $0
KENNETH SULLIVAN SECRETARY 0.40
Officer
$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 $112,469,707 $112,375,245 $96,624,441 $94,462
2023 $84,169,805 $84,114,973 $70,844,991 $54,832
2022 $42,652,218 $44,791,825 $40,613,328 $-2,139,607
2021 $34,230,924 $34,348,315 $32,326,319 $-117,391
2020 $46,787,793 $46,705,354 $29,217,258 $82,439
2019 $24,275,274 $24,197,873 $41,821,622 $77,401
2018 $20,050,874 $19,923,794 $12,967,700 $127,080
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