LOS ANGELES, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE REASON FOUNDATION, founded in 1978, is a mid-sized nonprofit in the Education sector that reported $22.8M in total revenue in fiscal year 2024. Expenses of $22.0M left a modest 4% surplus.
REASON FOUNDATION ADVANCES A FREE SOCIETY BY DEVELOPING, APPLYING, AND PROMOTING LIBERTARIAN PRINCIPLES, INCLUDING INDIVIDUAL LIBERTY, FREE MARKETS, AND THE RULE OF LAW. WE USE JOURNALISM AND PUBLIC POLICY RESEARCH TO INFLUENCE THE FRAMEWORKS AND ACTIONS OF POLICYMAKERS, JOURNALISTS, AND OPINION LEADERS.
PROMOTING FREE MINDS AND FREE MARKETS SINCE 1968- 11 ISSUES PUBLISHED ONLINE AND IN PRINT- MORE THAN 1,500 ONLINE EXCLUSIVE ARTICLES - 52,000 PAID/REQUESTED COPIES - AVERAGE OF 3.8 MILLION USER...
PROMOTING FREE MINDS AND FREE MARKETS SINCE 1968- 11 ISSUES PUBLISHED ONLINE AND IN PRINT- MORE THAN 1,500 ONLINE EXCLUSIVE ARTICLES - 52,000 PAID/REQUESTED COPIES - AVERAGE OF 3.8 MILLION USER VISITS PER MONTH AT REASON.COM - SPECIALIZED ONLINE NEWSLETTERS ON GOVERNMENT OVERREACH, SURFACE TRANSPORTATION, AVIATION, EDUCATION FUNDING, MEDIA, AND BREAKING NEWS; AVERAGE OF 9.2 MILLION REASON TV VIDEO VIEWS PER MONTH
REASON WORKS WITH MOTIVATED POLICYMAKERS AND OTHER STAKEHOLDERS TO DEVELOP AND IMPLEMENT MARKET-BASED REFORMS THAT ARE A MODEL FOR POLICYMAKERS AT ALL LEVELS OF GOVERNMENT. OUR PENSION INTEGRITY...
REASON WORKS WITH MOTIVATED POLICYMAKERS AND OTHER STAKEHOLDERS TO DEVELOP AND IMPLEMENT MARKET-BASED REFORMS THAT ARE A MODEL FOR POLICYMAKERS AT ALL LEVELS OF GOVERNMENT. OUR PENSION INTEGRITY PROJECT EDUCATES POLICYMAKERS AND TAXPAYERS ON PENSION REFORM. WE ACTIVELY WORKED WITH POLICYMAKERS IN 17 STATES ON BEST PRACTICES IN DESIGNING SUSTAINABLE PUBLIC PENSION SYSTEMS. WE PRODUCED THE PENSION SOLVENCY AND PERFORMANCE REPORT AND THE GOLD STANDARD SERIES, CORE PRODUCTS THAT ARE USED TO EDUCATE LEGISLATORS AND EXPAND OUTREACH. WE TESTIFIED 20 TIMES AT THE STATE AND LOCAL LEVELS, SEND A MONTHLY NEWSLETTER FEATURING NATIONAL TRENDS IN PENSION REFORM, AND PRODUCED MORE THAN 50 MEDIA COMMENTARIES. REASON'S EDUCATION TEAM IS A LEADING VOICE IN PROMOTING IMPROVED EDUCATIONAL OUTCOMES FOR ALL CHILDREN VIA SCHOOL CHOICE. OUR TEAM ACTIVELY ENGAGED LEGISLATORS AND STAKEHOLDERS IN 23 STATES, DESIGNING OPEN ENROLLMENT MODELS THAT GIVE FAMILIES GREATER FLEXIBILITY IN CHOOSING BETTER SCHOOLS. WE TESTIFIED 26 TIMES AT THE STATE AND LOCAL LEVELS. OUR DATA ANALYSES ARE WIDELY USED AS BENCHMARKS IN SUPPORT OF CHOICE-CENTERED SCHOOL FUNDING, AND OUR FISCAL ANALYSES INFORM DEBATES ON ACCOUNTABILITY. OUR TRANSPORTATION TEAM COLLABORATED WITH LEGISLATORS IN 8 STATES ON INTERSTATE HIGHWAY TOLLING, PILOT PROJECTS FOR MILEAGE BASED USER FEES, AND MANAGED LANE CONCESSIONS. WE TESTIFIED 20 TIMES AT THE FEDERAL AND STATE LEVELS ON TRANSIT PROGRAMS, CALLING FOR MODERNIZED AIR TRAFFIC CONTROL, EXPANDED PRIVATE INVESTMENT TOOLS, AND DEREGULATION. REASON'S DRUG POLICY TEAM WORKED IN 17 STATES AND AT THE FEDERAL LEVEL TO HELP POLICYMAKERS UNDERSTAND THE CONSEQUENCES OF REGULATING LEGAL CANNABIS, HEMP, AND PSYCHEDELICS MARKETS. WE TESTIFIED 13 TIMES AT THE STATE LEVEL AND PROVIDED RESEARCH SUPPORT TO POLICYMAKERS SEEKING TO FIX THE CHALLENGES OF LEGALIZATION.
PROMOTING FREE MINDS AND FREE MARKETS THROUGH ONLINE VIDEO JOURNALISM.- 984 VIDEOS PRODUCED- AVERAGE OF 10,049,000 VIDEOS PLAYED EACH MONTHPODCASTSREASON PRODUCES MULTIPLE PODCASTS, INCLUDING THE...
PROMOTING FREE MINDS AND FREE MARKETS THROUGH ONLINE VIDEO JOURNALISM.- 984 VIDEOS PRODUCED- AVERAGE OF 10,049,000 VIDEOS PLAYED EACH MONTHPODCASTSREASON PRODUCES MULTIPLE PODCASTS, INCLUDING THE REASON ROUNDTABLE, A WEEKLY DISCUSSION OF THE WEEK'S BIGGEST STORIES AND THEIR CONNECTION TO THE IDEAS OF FREE MINDS AND FREE MARKETS; THE REASON INTERVIEW WITH NICK GILLESPIE, A WEEKLY CONVERSATION WITH INNOVATIVE AND INTERESTING THINKERS FROM A VARIETY OF DISCIPLINES; FREE MEDIA, WHICH EXAMINES MEDIA BIAS; AND THE MONTHLY SOHO FORUM DEBATES, FEATURING PUBLIC INTELLECTUALS FACING OFF OVER CONTROVERSIAL ISSUES. THE BEST OF REASON MAGAZINE USES AI TO SIMULATE EDITOR-IN-CHIEF KATHERINE MANGU-WARD READING A WEEKLY SELECTION FROM REASON. - AVERAGE OF 596,000 DOWNLOADS PER MONTH
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $22,810,664 | $23,300,815 | 0.0% |
| Expenses | $21,964,556 | $19,863,540 | +0.1% |
| Net Income | $846,108 | $3,437,275 | -0.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DAVID NOTT | PRESIDENT, CEO | 40.00 |
Officer
Director
|
$407,827 | $154,268 | $562,095 |
| ADRIAN T MOORE | VICE PRESIDENT POLICY | 40.00 |
Officer
|
$256,830 | $7,253 | $264,083 |
| JONATHAN GRAFF | CHIEF FINANCIAL OFFICER | 40.00 |
Officer
|
$250,251 | $9,750 | $260,001 |
| LEONARD GILROY | VP GOVERNMENT REFORM | 40.00 |
Officer
|
$250,237 | $4,254 | $254,491 |
| NICHOLAS GILLESPIE | EDITOR AT LARGE | 40.00 |
Highest
|
$247,174 | $7,253 | $254,427 |
| KATHERINE MANGU-WARD | VP/EDITOR-IN-CHIEF | 40.00 |
Officer
|
$240,585 | $9,750 | $250,335 |
| ROBERT POOLE | FOUNDER, TRANSPORTATION POLICY | 40.00 |
Officer
Director
|
$240,000 | $174 | $240,174 |
| MICHAEL ALISSI | VP OPERATIONS | 40.00 |
Officer
|
$230,439 | $9,750 | $240,189 |
| JACQUELINE PYKE | DIRECTOR OF DEVELOPMENT | 40.00 |
Highest
|
$179,167 | $160 | $179,327 |
| AARON STEINBERG | MARKETING DIRECTOR | 40.00 |
Highest
|
$179,091 | $9,748 | $188,839 |
| JAMES EPSTEIN | EXECUTIVE EDITOR | 40.00 |
Highest
|
$173,481 | $169 | $173,650 |
| CARIN MANN | DIR OF DONOR COMMUNICATIONS | 40.00 |
Highest
|
$157,826 | $4,222 | $162,048 |
| GEORGE F OHRSTROM | BOARD CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| THEODORE BARNETT | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| THOMAS E BEACH | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BARON BOND | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| REBECCA DUNN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| LINDA EDWARDS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JONATHAN FARBER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| PETER FARRELL | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DEBBI GIBBS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM GOBLE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| THOMAS W HAZLETT | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BRIAN HOOKS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES D JAMESON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MANUEL S KLAUSNER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES LINTOTT | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| TRAVIS MAY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| STEPHEN MODZELEWSKI | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRIS J RUFER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| RAYMOND STATA | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KERRY WELSH | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| FRED M YOUNG JR | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $22,810,664 | $21,964,556 | $29,097,754 | $846,108 |
| 2024 | $23,300,815 | $19,863,540 | $25,642,938 | $3,437,275 |
| 2023 | $15,456,947 | $17,507,487 | $19,398,270 | $-2,050,540 |
| 2022 | $15,233,016 | $14,980,930 | $17,225,914 | $252,086 |
| 2021 | $15,534,857 | $13,413,869 | $19,282,371 | $2,120,988 |
| 2020 | $16,170,727 | $13,074,096 | $15,187,245 | $3,096,631 |
| 2019 | $13,905,315 | $13,467,708 | $11,377,930 | $437,607 |
| 2018 | $12,099,789 | $12,690,715 | $10,773,512 | $-590,926 |
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