NATIONAL DEFENSE INDUSTRIAL ASSOCIATION

EIN: 530196547 501(c)(3) International Affairs

ARLINGTON, VA

Total Revenue
$36,041,082
Total Expenses
$33,420,684
Total Assets
$97,544,310
Net Assets
$72,882,987
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1919
Legal Domicile
DC
Principal Officer
DAVID L NORQUIST
Phone
7035221820
Tax Period
2023-10-01 to 2024-09-30

NATIONAL DEFENSE INDUSTRIAL ASSOCIATION, founded in 1919, is a mid-sized nonprofit in the International Affairs sector that reported $36.0M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $33.4M left a modest 7% surplus.

Mission

AS THE WORLD'S TRUSTED LEADER IN PROFESSIONAL NATIONAL SECURITY AND DEFENSE ASSOCIATIONS, NDIA CONVENES THE MOST THOUGHTFUL AND INNOVATIVE LEADERS TO ADVANCE AND ADVOCATE FOR BEST PRACTICES, INITIATIVES, AND PRODUCTS IN DEFENSE, TO ENSURE THE SAFETY AND SECURITY OF OUR NATION, ITS ALLIES AND PARTNERS. NDIA PROVIDES TRUSTED LEADERSHIP THROUGH THE CONVENING AND COLLABORATION OF GLOBAL LEADERS TO SOLVE THE MOST COMPLEX CHALLENGES IN DEFENSE AND NATIONAL SECURITY.

Program Service Accomplishments

Program 1
Expenses: $12,309,564 Revenue: $21,465,033

MEETINGS & EXHIBITS: THE NDIA PROMOTES ACTIVITIES AND FORUMS FOR THE INTERCHANGE BETWEEN INDUSTRY AND GOVERNMENT ON TECHNOLOGY AND ACQUISITION DEVELOPMENTS. IN ADDITION, IT PROVIDES STATE OF THE ART...

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MEETINGS & EXHIBITS: THE NDIA PROMOTES ACTIVITIES AND FORUMS FOR THE INTERCHANGE BETWEEN INDUSTRY AND GOVERNMENT ON TECHNOLOGY AND ACQUISITION DEVELOPMENTS. IN ADDITION, IT PROVIDES STATE OF THE ART DEFENSE TECHNOLOGY UPDATES AND PROMOTES BETTER MANAGEMENT TECHNIQUES THROUGH SYMPOSIA. NDIA'S DIVISIONS COVER A WIDE SPECTRUM OF INTEREST AREAS THAT ARE IMPORTANT TO THE NATIONAL DEFENSE PREPAREDNESS EFFORT. THE DIVISIONS ARE ORGANIZED TO PROMOTE THE EXCHANGE OF TECHNICAL INFORMATION RELATED TO THE RESEARCH, DEVELOPMENT, PRODUCTION, LOGISTICS, AND MANAGEMENT OF WEAPONS SYSTEMS, POLICY, ASSOCIATED SUPPORT, AND TRAINING AMONG THE DEPARTMENT OF DEFENSE, OTHER FEDERAL GOVERNMENT AND STATE AGENCIES, INDUSTRY, ACADEMIA, AND SCIENTIFIC AGENCIES.

Program 2
Expenses: $5,267,054 Revenue: $939,451

ETI, MARKETING & OUTREACH: COSTS ASSOCIATED WITH MARKETING, COMMUNICATION, PUBLIC RELATIONS AND THE ASSOCIATION'S MAGAZINE. THE NATIONAL DEFENSE MAGAZINE IS A MONTHLY MAGAZINE THAT IS PUBLISHED TO...

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ETI, MARKETING & OUTREACH: COSTS ASSOCIATED WITH MARKETING, COMMUNICATION, PUBLIC RELATIONS AND THE ASSOCIATION'S MAGAZINE. THE NATIONAL DEFENSE MAGAZINE IS A MONTHLY MAGAZINE THAT IS PUBLISHED TO HELP EDUCATE GOVERNMENT, INDUSTRY, AND THE PUBLIC REGARDING DEFENSE ISSUES AND RELATED TECHNOLOGY DEVELOPMENTS.

Program 3
Expenses: $4,452,536 Revenue: $5,774,363

CHAPTERS AND DIVISIONS: THE NDIA AND WID CHAPTERS ARE PART OF THE NDIA ENTITY AND ARE ORGANIZED GEOGRAPHICALLY FOR THE PURPOSE OF ENCOURAGING ACTIVITIES THAT SUPPORT THE ASSOCIATION'S VISION...

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CHAPTERS AND DIVISIONS: THE NDIA AND WID CHAPTERS ARE PART OF THE NDIA ENTITY AND ARE ORGANIZED GEOGRAPHICALLY FOR THE PURPOSE OF ENCOURAGING ACTIVITIES THAT SUPPORT THE ASSOCIATION'S VISION, MISSION, AND GOALS. MANY ARE LOCATED NEAR MAJOR MILITARY COMMANDS, RESEARCH CENTERS, AND DEFENSE AGENCIES AND CONDUCT PROGRAMS TO INFORM THEIR MEMBERS AND COMMUNITIES ABOUT NATIONAL SECURITY AND THE INDUSTRIAL BASE.

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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 $44,572
Program Service Revenue $28,178,847
Investment Income $7,565,186
Other Revenue $252,477
TOTAL REVENUE $36,041,082

Expense Breakdown

Grants Paid $837,537
Salaries & Benefits $13,886,080
Fundraising Expenses $0
Program Expenses $22,029,154
Other Expenses $18,697,067
TOTAL EXPENSES $33,420,684

Year-over-Year Comparison

2023 2022 Change
Revenue $36,041,082 $32,936,174 +0.1%
Expenses $33,420,684 $31,164,389 +0.1%
Net Income $2,620,398 $1,771,785 +0.5%
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
87
Independent Members
86
Employees
104
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
9
$2,736,046
Total Directors
87
$1,376,178
Key Employees
4
$1,340,328
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID NORQUIST CEO 40.00
Officer Director
$1,366,181 $9,997 $1,376,178
LISA S DISBROW BOARD CHAIR 1.00
Officer Director
$0 $0 $0
JOHN A BONSELL BOARD VICE CHAIR 1.00
Officer Director
$0 $0 $0
MICHAEL J BAYER IMMEDIATE PAST BOARD CHAIR 1.00
Officer Director
$0 $0 $0
ANGELA M AMBROSE DIRECTOR 1.00
Director
$0 $0 $0
PAUL ARCANGELI DIRECTOR 1.00
Director
$0 $0 $0
JOHN BEAVER DIRECTOR 1.00
Director
$0 $0 $0
CURT BECKEMEYER DIRECTOR 1.00
Director
$0 $0 $0
MARK BITTERMAN DIRECTOR 1.00
Director
$0 $0 $0
JEFFREY W BOHLING DIRECTOR 1.00
Director
$0 $0 $0
THERESA CAMPOBASSO DIRECTOR 1.00
Director
$0 $0 $0
DAVID CASWELL USAF RET DIRECTOR 1.00
Director
$0 $0 $0
JOHN CHADBOURNE USA RET DIRECTOR 1.00
Director
$0 $0 $0
MARK CHERRY DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM CONLEY DIRECTOR 1.00
Director
$0 $0 $0
SCOTT COOPER USMC RET DIRECTOR 1.00
Director
$0 $0 $0
JOHN COOPER USAF RET DIRECTOR 1.00
Director
$0 $0 $0
KENNY CUSHING DIRECTOR 1.00
Director
$0 $0 $0
PAUL DELLANEVE DIRECTOR 1.00
Director
$0 $0 $0
JOSEPH DEVOOGHT DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL DIETZ DIRECTOR 1.00
Director
$0 $0 $0
PAULA EDWARDS DIRECTOR 1.00
Director
$0 $0 $0
PETE FORD DIRECTOR 1.00
Director
$0 $0 $0
RICHARD P FORMICA USA RET DIRECTOR 1.00
Director
$0 $0 $0
KEN GARBER DIRECTOR 1.00
Director
$0 $0 $0
ROBERT A GECKLE JR DIRECTOR 1.00
Director
$0 $0 $0
PETE GIAMBASTIANI DIRECTOR 1.00
Director
$0 $0 $0
BRUCE GJOVIG DIRECTOR 1.00
Director
$0 $0 $0
WILL GOODMAN DIRECTOR 1.00
Director
$0 $0 $0
DAVID D HALVERSON USA RET DIRECTOR 1.00
Director
$0 $0 $0
TANIA HANNA DIRECTOR 1.00
Director
$0 $0 $0
SHARON HARDIE DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN C HEDGER LTC USAR DIRECTOR 1.00
Director
$0 $0 $0
DEAN HOFFMAN IV USA RET DIRECTOR 1.00
Director
$0 $0 $0
HEATHER HOPKINS DIRECTOR 1.00
Director
$0 $0 $0
THOMAS A HORLANDER USA RET DIRECTOR 1.00
Director
$0 $0 $0
RICHARD W HUNT USN RET DIRECTOR 1.00
Director
$0 $0 $0
GRETCHEN LARSEN IDSINGA DIRECTOR 1.00
Director
$0 $0 $0
TAMARA JACK DIRECTOR 1.00
Director
$0 $0 $0
DANIEL JAWOROWSKI DIRECTOR 1.00
Director
$0 $0 $0
LOGAN JONES DIRECTOR 1.00
Director
$0 $0 $0
SUSANNAH KERR DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL KUIKEN DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW J KUTA DIRECTOR 1.00
Director
$0 $0 $0
BRETT B LAMBERT DIRECTOR 1.00
Director
$0 $0 $0
LOUIS LAUTER DIRECTOR 1.00
Director
$0 $0 $0
LEE K LEVY II USAF RET DIRECTOR 1.00
Director
$0 $0 $0
MEAGAN S LINN DIRECTOR 1.00
Director
$0 $0 $0
ARMANDO LOPEZ JR USA RET DIRECTOR 1.00
Director
$0 $0 $0
ML MACKEY DIRECTOR 1.00
Director
$0 $0 $0
THERESA MAYER DIRECTOR 1.00
Director
$0 $0 $0
LAURA MCALEER DIRECTOR 1.00
Director
$0 $0 $0
KRIS E MCGUIRE DIRECTOR 1.00
Director
$0 $0 $0
MEGAN MILAM DIRECTOR 1.00
Director
$0 $0 $0
JAMIE MILLER DIRECTOR 1.00
Director
$0 $0 $0
KEVIN S MORTENSEN USAF RET DIRECTOR 1.00
Director
$0 $0 $0
AMY MOTKO DIRECTOR 1.00
Director
$0 $0 $0
TARA MURPHY DOUGHERTY DIRECTOR 1.00
Director
$0 $0 $0
JEFFREY JEB NADANER DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL A NIGGEL DIRECTOR 1.00
Director
$0 $0 $0
AFOLABI OJUMU DIRECTOR 1.00
Director
$0 $0 $0
DEBBIE OPIEKUN DIRECTOR 1.00
Director
$0 $0 $0
LEIGH PALMER DIRECTOR 1.00
Director
$0 $0 $0
MICHELE PEARCE USAF RET DIRECTOR 1.00
Director
$0 $0 $0
BRIAN E PERRY DIRECTOR 1.00
Director
$0 $0 $0
MARISA RHODE DIRECTOR 1.00
Director
$0 $0 $0
REGINALD ROBINSON USAF RET DIRECTOR 1.00
Director
$0 $0 $0
BETSY SCHMID DIRECTOR 1.00
Director
$0 $0 $0
JIM SEGELSTROM DIRECTOR 1.00
Director
$0 $0 $0
KATHRYN SELBE DIRECTOR 1.00
Director
$0 $0 $0
DAN SENNOTT USA RET DIRECTOR 1.00
Director
$0 $0 $0
JAY B SILVERIA DIRECTOR 1.00
Director
$0 $0 $0
ROBERT L SIMMONS DIRECTOR 1.00
Director
$0 $0 $0
KRAIG SIRACUSE USN DIRECTOR 1.00
Director
$0 $0 $0
AMY SMITH DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL SMITH DIRECTOR 1.00
Director
$0 $0 $0
MARY SPRINGER DIRECTOR 1.00
Director
$0 $0 $0
JAMES M STEVISON DIRECTOR 1.00
Director
$0 $0 $0
ROBERT STEWART DIRECTOR 1.00
Director
$0 $0 $0
JAMES THOMAS DIRECTOR 1.00
Director
$0 $0 $0
PETER B TRAINER USAF RET DIRECTOR 1.00
Director
$0 $0 $0
ALLY VERES DIRECTOR 1.00
Director
$0 $0 $0
DANIEL WALSH USCG RET DIRECTOR 1.00
Director
$0 $0 $0
PATRICIA WARD DIRECTOR 1.00
Director
$0 $0 $0
JOHN WASON USA RET DIRECTOR 1.00
Director
$0 $0 $0
MARTIN WHELAN USAF RET DIRECTOR 1.00
Director
$0 $0 $0
BRENT WILDASIN USA RET DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER STEWART EVP STRATEGIC PROG & POLICY 40.00
Officer
$497,334 $8,300 $505,634
JAMES ROBB PRESIDENT-NTSA (UNTIL 11/2023) 40.00
Officer
$371,329 $7,018 $378,347
TONY LAWRENCE CFO/DIRECTOR OF FINANCE 40.00
Officer
$234,769 $30,729 $265,498
GUY WALSH EXECUTIVE VICE PRES. (FROM 6/2023) 40.00
Officer
$207,262 $3,127 $210,389
HUGH WEBSTER SECRETARY 1.00
Officer
$0 $0 $0
ARUN SERAPHIN EXECUTIVE DIRECTOR - ETI 40.00
Key Emp
$357,203 $8,629 $365,832
CHRISTINE KLEIN SR. VP MEETINGS 40.00
Key Emp
$337,336 $16,403 $353,739
RACHEL MCCAFFREY SR. VP MEMBERSHIP 40.00
Key Emp
$310,281 $8,139 $318,420
SCOTT REKDAL SR. VP MARKETING 40.00
Key Emp
$271,473 $30,864 $302,337
REBECCA WOSTENBERG RESEARCH FELLOW - ETI 40.00
Highest
$205,949 $27,898 $233,847
DEBORAH DYSON VP - NTSA 40.00
Highest
$210,690 $10,900 $221,590
LATOSHA HILL CONTROLLER 40.00
Highest
$194,566 $19,342 $213,908
STEWART MAGNUSON EDITOR - MAGAZINE 40.00
Highest
$167,993 $18,956 $186,949
TAMMY HOFFMAN DIRECTOR IT 40.00
Highest
$174,776 $4,539 $179,315
JAMES BOOZER FORMER EXEC. V.P. (END 4/2023) 40.00
$278,207 $239 $278,446
MARK LEWIS FORMER EXEC. DIR.-ETI (END 5/2023) 40.00
$206,671 $13,772 $220,443
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 $36,041,082 $33,420,684 $97,544,310 $2,620,398
2023 $32,936,174 $31,164,389 $88,659,502 $1,771,785
2022 $32,051,662 $31,156,578 $86,964,558 $895,084
2021 $20,593,795 $20,058,120 $101,180,018 $535,675
2020 $24,007,674 $22,336,821 $76,480,857 $1,670,853
2019 $27,432,663 $27,319,607 $70,301,091 $113,056
2018 $28,932,934 $27,010,076 $68,916,799 $1,922,858
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