NATIONAL SPECTRUM CONSORTIUM INC

EIN: 881444289 Science & Technology

WASHINGTON, DC

Total Revenue
$212,726,410
Total Expenses
$212,035,375
Total Assets
$34,924,537
Net Assets
$6,408,860
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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
2022
Legal Domicile
SC
Principal Officer
JOSEPH KOCHAN
Phone
2023659219
Tax Period
2024-10-01 to 2025-09-30

NATIONAL SPECTRUM CONSORTIUM INC, founded in 2022, is a major nonprofit in the Science & Technology sector that reported $212.7M in total revenue in fiscal year 2024. Revenue surged 568% from the prior year, signaling strong growth momentum.

Mission

THE NATIONAL SPECTRUM CONSORTIUM (NSC) IS A MISSION-DRIVEN NONPROFIT FOCUSED ON ADVANCED WIRELESS TECHNOLOGY DEVELOPMENT IN THE U.S. NSC ACHIEVES THIS VISION BY FACILITATING HIGH-VALUE R&D AND PROTOTYPING PROJECTS DESIGNED TO SOLVE SPECTRUM CHALLENGES THAT CUT ACROSS MULTIPLE INDUSTRY SECTORS, FIELDS OF RESEARCH, AND GOVERNMENT AGENCY RESPONSIBILITIES. NSC IS UNIQUELY ABLE TO FOCUS THE RESOURCES OF INDUSTRY, ACADEMIA, AND GOVERNMENT ON US WIRELESS LEADERSHIP THROUGH ITS OTA CONTRACT VEHICLE AND DIVERSE MEMBERSHIP ORGANIZATION OF OVER 300 COMPANIES AND RESEARCH GROUPS TO BENEFIT THESE MEMBERS AND THE ENTIRE WIRELESS ECOSYSTEM

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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 $2,852,535
Program Service Revenue $209,676,927
Investment Income $196,948
Other Revenue $0
TOTAL REVENUE $212,726,410

Expense Breakdown

Grants Paid $0
Salaries & Benefits $941,461
Fundraising Expenses $0
Program Expenses $211,094,768
Other Expenses $211,093,914
TOTAL EXPENSES $212,035,375

Year-over-Year Comparison

2024 2023 Change
Revenue $212,726,410 $31,866,056 +5.7%
Expenses $212,035,375 $31,067,062 +5.8%
Net Income $691,035 $798,994 -0.1%
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
11
Independent Members
11
Employees
3
Volunteers
11

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
5
$517,950
Total Directors
13
$435,251
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH KOCHAN EXECUTIVE DIRECTOR, SECRETARY 40.00
Officer Director
$400,000 $35,251 $435,251
SALVADOR D'ITRI CHAIR 5.00
Officer Director
$0 $0 $0
JEFFREY EVANS VICE CHAIR 5.00
Officer Director
$0 $0 $0
APURVA MODY DIRECTOR 1.00
Director
$0 $0 $0
LINGJIA LIU DIRECTOR 1.00
Director
$0 $0 $0
SHERYL GENCO DIRECTOR 1.00
Director
$0 $0 $0
ART KING DIRECTOR 1.00
Director
$0 $0 $0
WALT MAGNUSSEN DIRECTOR 1.00
Director
$0 $0 $0
CHRIS CHRISTOU DIRECTOR 1.00
Director
$0 $0 $0
LIZY PAUL DIRECTOR AS OF 01/01/25 1.00
Director
$0 $0 $0
SHAUN MCCARTHY DIRECTOR AS OF 01/01/25 1.00
Director
$0 $0 $0
KAMRAN MAHBOBI DIRECTOR AS OF 06/01/25 1.00
Officer Director
$0 $0 $0
KEN RIORDAN DIRECTOR THRU 06/01/25 1.00
Director
$0 $0 $0
NANCY JEMISON TREASURER 5.00
Officer
$82,699 $0 $82,699
JOHN JADHON COO & GENERAL COUNSEL 20.00
Highest
$192,000 $0 $192,000
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
2025 $212,726,410 $212,035,375 $34,924,537 $691,035
2024 $31,866,056 $31,067,062 $11,539,744 $798,994
2023 $2,318,655 $2,566,771 $5,280,316 $-248,116
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