LOGISTICS MANAGEMENT INSTITUTE

EIN: 520741393 501(c)(3) Science & Technology

MCLEAN, VA

Total Revenue
$30,312,249
Total Expenses
$40,284,517
Total Assets
$447,938,595
Net Assets
$426,740,601
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Financial Trends

Organization Details

Formation Year
1961
Legal Domicile
DE
Principal Officer
PASQUALE M TAMBURRINO J
Phone
7039179800
Tax Period
2024-01-01 to 2024-12-31

LOGISTICS MANAGEMENT INSTITUTE, founded in 1961, is a mid-sized nonprofit in the Science & Technology sector that reported $30.3M in total revenue in fiscal year 2024. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $40.3M exceeded revenue, resulting in a 33% operating deficit.

Mission

LOGISTICS MANAGEMENT INSTITUTE WAS REBRANDED AND REIMAGINED AS NOBLEREACH FOUNDATION FOLLOWING THE DIVESTITURE OF ITS GOVERNMENT CONTRACTING PRACTICE IN JULY 2022. NOBLEREACH'S MISSION, WHILE STILL ROOTED IN SERVING THE PUBLIC SECTOR AND THE NATIONAL INTEREST, IS UPDATED FOR THE 21ST CENTURY TO FOCUS ON TALENT AND INNOVATION. WE BELIEVE THAT AMERICA'S PROSPERITY AND ITS NATIONAL AND ECONOMIC SECURITY DEMAND A RENEWED SPIRIT OF NATIONAL SERVICE AND PUBLIC PURPOSE AMONG OUR BRIGHTEST MINDS AS WELL AS THE PROMOTION OF MISSION-SERVING INNOVATION ECOSYSTEMS.TODAY, NOBLEREACH SEEKS TO UNITE THE ENTREPRENEURIAL AGILITY OF THE PRIVATE SECTOR, THE IDEAS AND TALENT FROM ACADEMIA, AND THE SCALE AND PURPOSE OF THE PUBLIC SECTOR TO DRIVE INNOVATION TOWARD SOLVING OUR NATION'S TOUGHEST CHALLENGES BY INSPIRING THE NEXT GENERATION OF MISSION-DRIVEN CHANGEMAKERS.

Program Service Accomplishments

Program 1
Expenses: $18,217,503 Revenue: $5,784,640

IN 2024, THE ORGANIZATION'S SECOND FULL YEAR OPERATING AS NOBLEREACH FOUNDATION, WE CONTINUED TO SCALE OUR THREE MAIN AREAS OF PROGRAM SERVICES: ACADEMIC PARTNERSHIPS, INNOVATION, AND TALENT.ACADEMIC...

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IN 2024, THE ORGANIZATION'S SECOND FULL YEAR OPERATING AS NOBLEREACH FOUNDATION, WE CONTINUED TO SCALE OUR THREE MAIN AREAS OF PROGRAM SERVICES: ACADEMIC PARTNERSHIPS, INNOVATION, AND TALENT.ACADEMIC PARTNERSHIPS: THROUGHOUT 2024, NOBLEREACH EXPANDED AND DEEPENED ITS 30+ ACADEMIC PARTNERSHIPS WITH A DIVERSE RANGE OF COLLEGES AND UNIVERSITIES THROUGH CONVENINGS, CURRICULUM OFFERINGS, AND INTERNSHIP PROGRAMS. IN 2024, WE HOSTED MORE THAN 10 ENTREPRENEURSHIP AND PUBLIC SERVICE CONVENINGS AND CASE COMPETITIONS WITH UNIVERSITIES ACROSS THE U.S.INCLUDING HARVARD, STANFORD, AND YALE DELIVERED CURRICULUM PROGRAMS TO OVER 10 UNIVERSITIES SUCH AS UC DAVIS, NORTHWESTERN, AND THE UNIVERSITY OF PITTSBURGH, AND LAUNCHED A CERTIFICATE PROGRAM WITH PURDUE UNIVERSITY.

Program 2
Expenses: $5,718,210

INNOVATION: WE WORK WITH ACADEMIC PARTNERS TO IDENTIFY PROMISING RESEARCH, GUIDE IT OUT OF THE LAB, AND BUILD LOCAL CAPABILITIES AND PIPELINES OF TALENT, STRENGTHENING LOCAL TALENT ECOSYSTEMS ACROSS...

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INNOVATION: WE WORK WITH ACADEMIC PARTNERS TO IDENTIFY PROMISING RESEARCH, GUIDE IT OUT OF THE LAB, AND BUILD LOCAL CAPABILITIES AND PIPELINES OF TALENT, STRENGTHENING LOCAL TALENT ECOSYSTEMS ACROSS THE NATION. IN 2024, OUR INNOVATION EFFORTS FOCUSED ON OUR PARTNERSHIPS WITH THE DEFENSE ADVANCED RESEARCH PROJECTS AGENCY (DARPA) AND THE NATIONAL SCIENCE FOUNDATION (NSF) TO SUPPORT THEIR TECHNOLOGY TRANSLATION AND COMMERCIALIZATION EFFORTS. WE ALSO ENGAGED WITH POTENTIAL ACADEMIC PARTNERS ACROSS THE US AND BEGAN A PILOT PROGRAM WITH NORTHEASTERN UNIVERSITY'S CENTER FOR RESEARCH INNOVATION (CRI) TO ACCELERATE THE TRANSLATION OF IMPACTFUL TECHNOLOGIES.CONTRIBUTIONS RELATED TO THIS PROGRAM OF $4,333,121 CAN BE FOUND ON PART VIII, LINE 1E.

Program 3
Expenses: $1,598,443 Revenue: $792,964

TALENT: WORK WITH STUDENTS AND RECENT GRADUATES TO CULTIVATE TALENT THAT WILL SERVE THE PUBLIC SECTOR. IN 2024, OUR TALENT AND POLICY INITIATIVES INVOLVED POLICY CONVENINGS AND ENTREPRENEURSHIP...

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TALENT: WORK WITH STUDENTS AND RECENT GRADUATES TO CULTIVATE TALENT THAT WILL SERVE THE PUBLIC SECTOR. IN 2024, OUR TALENT AND POLICY INITIATIVES INVOLVED POLICY CONVENINGS AND ENTREPRENEURSHIP COMPETITIONS AT EVENTS, COLLEGES, AND UNIVERSITIES AND AN EDUCATION-FOCUSED INTERNSHIP PROGRAM AS WELL AS LAYING THE GROUNDWORK FOR THE LAUNCH OF OUR CLASS OF NOBLEREACH SCHOLARS IN AUGUST 2024.IN THE INAUGURAL CLASS OF OUR SCHOLARS PROGRAM, WE FACILITATED PLACEMENT OF GRADUATES IN GOVERNMENT AGENCIES WITH YEAR-LONG PLACEMENTS FOCUSING ON AI, CYBERSECURITY, BUSINESS PROCESS INNOVATION, MATERIALS & MANUFACTURING, AND MORE. WE PROVIDE PROFESSIONAL DEVELOPMENT, MENTORSHIP, AND A COMMUNITY OF PEERS, ALUMNI, AND ROLE MODELS TO PROGRAM PARTICIPANTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,333,121
Program Service Revenue $6,577,604
Investment Income $19,208,018
Other Revenue $193,506
TOTAL REVENUE $30,312,249

Expense Breakdown

Grants Paid $613,799
Salaries & Benefits $12,996,678
Fundraising Expenses $0
Program Expenses $25,534,156
Other Expenses $26,674,040
TOTAL EXPENSES $40,284,517

Year-over-Year Comparison

2024 2023 Change
Revenue $30,312,249 $63,793,339 -0.5%
Expenses $40,284,517 $70,843,421 -0.4%
Net Income $-9,972,268 $-7,050,082 +0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
9
Employees
71
Volunteers
10

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
4
$2,223,964
Total Directors
10
$1,625,309
Key Employees
1
$374,209
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANN DUNWOODY BOARD DIRECTOR 1.00
Director
$67,500 $0 $67,500
ARUN GUPTA CEO AND BOARD DIRECTOR 40.00
Officer Director
$1,028,215 $52,277 $1,080,492
CONSTANTINE SAAB BOARD DIRECTOR 1.00
Director
$56,250 $0 $56,250
DAVE MCCURDY BOARD DIRECTOR 1.00
Director
$67,500 $0 $67,500
KRISHNAN RAJAGOPALAN BOARD DIRECTOR 1.00
Director
$37,500 $0 $37,500
LESLIE SMITH BOARD DIRECTOR 1.00
Director
$56,250 $0 $56,250
LISA DISBROW BOARD CHAIR 1.00
Officer Director
$78,750 $0 $78,750
RAQUEL BONO BOARD DIRECTOR 1.00
Director
$56,964 $0 $56,964
ROBERT DAIL BOARD DIRECTOR 1.00
Director
$67,853 $0 $67,853
TODD STOTTLEMYER BOARD DIRECTOR 1.00
Director
$56,250 $0 $56,250
PASQUALE M TAMBURRINO JR CAO & TREASURER 40.00
Officer
$414,960 $27,204 $442,164
STEPHANIE DEFINO CFO 40.00
Officer
$577,580 $44,978 $622,558
GLENN GAFFNEY OUTGOING FELLOW 40.00
Key Emp
$351,831 $22,378 $374,209
CHARLENE MARINI SR. COMMERCIALIZATION ADVISOR 40.00
Highest
$346,961 $41,600 $388,561
JEREMY JOSEPH LEGAL COUNCIL 40.00
Highest
$448,250 $52,418 $500,668
LINDA BIXBY EVP, ACADEMIC PARTNERSHIPS 40.00
Highest
$405,830 $32,412 $438,242
PETROS KOTIDIS SENIOR COMMERCIALIZATION ADVISOR 40.00
Highest
$387,778 $15,782 $403,560
SIMON DAVIDSON SENIOR FELLOW 40.00
Highest
$696,743 $53,697 $750,440
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 $30,312,249 $40,284,517 $447,938,595 $-9,972,268
2023 $63,793,339 $70,843,421 $437,956,433 $-7,050,082
2022 $598,755,202 $338,963,264 $409,500,625 $259,791,938
2021 $422,975,916 $409,303,317 $243,065,154 $13,672,599
2020 $401,954,023 $391,559,840 $235,201,677 $10,394,183
2019 $330,749,865 $332,686,493 $222,207,657 $-1,936,628
2018 $269,148,264 $275,888,770 $206,342,265 $-6,740,506
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