THE CENTER FOR ADVANCED DEFENSE STUDIES (EIN 731681366) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

VARUN VIRA

Phone

2022893332

Tax Period

2023-01-01 to 2023-12-31

THE CENTER FOR ADVANCED DEFENSE STUDIES, founded in 2002, is a mid-sized nonprofit in the International Affairs sector that reported $13.6M in total revenue in fiscal year 2023.

Mission

TO PROVIDE RESEARCH AND EDUCATION.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $9,278,846

Program Service Revenue $4,245,116

Investment Income $88,061

Other Revenue $0

TOTAL REVENUE $13,612,023

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,448,865

Fundraising Expenses $567,460

Program Expenses $10,742,038

Other Expenses $5,821,371

TOTAL EXPENSES $14,270,236

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,612,023	$13,539,626	+0.0%
Expenses	$14,270,236	$11,900,505	+0.2%
Net Income	$-658,213	$1,639,121	-1.4%

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

Governance

Voting Members

Independent Members

Employees

101

Volunteers

N/A

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

$1,064,670

Total Directors

Key Employees

$557,100

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
APRIL H FOLEY	CHAIRMAN	1.00	Officer Director	$0	$0	$0
SERGEY A KANAREYKIN	DIRECTOR	1.00	Director	$0	$0	$0
ARCHIE RAVISHANKAR	DIRECTOR	1.00	Director	$0	$0	$0
DR NEWTON B HOWARD	DIRECTOR	1.00	Director	$0	$0	$0
JOE D'CRUZ	DIRECTOR	1.00	Director	$0	$0	$0
JOHN R PEARCE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN W CALLERY	DIRECTOR	1.00	Director	$0	$0	$0
LTG DAVID P FRIDOVICH RET	DIRECTOR	1.00	Director	$0	$0	$0
EILEEN PARISE	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
TIBOR NAGY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID JOHNSON	EXECUTIVE DIRECTOR	40.00	Officer	$291,250	$1,017	$292,267
VARUN VIRA	CHIEF OPERATING OFFICER	40.00	Officer	$274,375	$17,805	$292,180
TORRIA KENNEDY	DIRECTOR OF FINANCE THROUGH 4/10/23	40.00	Officer	$267,172	$10,518	$277,690
JOE BARNARD	DIRECTOR OF FINANCE	40.00	Officer	$182,526	$20,007	$202,533
ANGELA BRUJELL	DIRECTOR OF ANALYSIS	40.00	Key Emp	$160,200	$46,395	$206,595
EVANGELINE M HINES	CHIEF OF PEOPLE	40.00	Key Emp	$166,877	$19,351	$186,228
JESSICA HANSEN	DIRECTOR OF DEVELOPMENT	40.00	Key Emp	$151,992	$12,285	$164,277
RICHARD STEPHENSON	DIRECTOR OF STRATEGIC ALLI	40.00	Highest	$130,000	$6,216	$136,216
PATRICK BAINE	DIRECTOR OF DATA & TECHNOLOGY THROUGH 11/8/2023	40.00	Highest	$129,083	$19,730	$148,813
FAITH HORNER	PROGRAM DIRECTOR	40.00	Highest	$127,047	$11,355	$138,402
IRINA BUKHARIN	PROGRAM DIRECTOR	40.00	Highest	$120,693	$12,704	$133,397
HUGH BRADSHAW	PROGRAM DIRECTOR	40.00	Highest	$119,198	$10,478	$129,676

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	$13,612,023	$14,270,236	$11,185,302	$-658,213
2022	$13,539,626	$11,900,505	$12,127,014	$1,639,121
2021	$11,072,530	$9,573,428	$8,510,305	$1,499,102
2020	$8,821,207	$8,183,060	$6,100,538	$638,147
2019	$7,818,754	$7,714,598	$4,180,380	$104,156
2019	$7,835,741	$7,502,800	$5,169,687	$332,941
2018	$5,785,627	$4,928,904	$3,809,072	$856,723

THE CENTER FOR ADVANCED DEFENSE STUDIES