National Defense Industrial Association
Nonprofit profile at a glance
- EIN
- 530196547
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Arlington, VA, USA
- Phone
- 7035221820
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- National Security
Reported finances
- Revenue
- $34,794,526
- Expenses
- $36,063,192
- Assets
- $98,156,724
- Liabilities
- $25,686,057
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
25 people listed
Executive titles in this filing
- DAVID NORQUIST (CEO)
- JENNIFER STEWART (EXECUTIVE VICE PRESIDENT S&P)
- GUY WALSH (EXECUTIVE VICE PRESIDENT)
- ARUN SERAPHIN (EXECUTIVE DIRECTOR ETI)
- CHRISTINE KLEIN (SR. VICE PRESIDENT MEETINGS)
- SCOTT REKDAL (SR. VICE PRESIDENT MARKETING)
Highest reported compensation
- DAVID NORQUIST (CEO): $1,432,909 total reported compensation
- JENNIFER STEWART (EXECUTIVE VICE PRESIDENT S&P): $527,183 total reported compensation
- ARUN SERAPHIN (EXECUTIVE DIRECTOR ETI): $412,852 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Other-operating. 91% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 96% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 65
- Transparency & Controls: 84
- Accountability: 95
- Sustainability: 37
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 76.9%; rating input score 77
- Program expense ratio: 65.6%; rating input score 66
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 17th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 73.9%; rating input score 74; 15th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -3.6%; rating input score 19; 19th percentile among comparable filings
- Total-asset coverage ratio: 2.72; rating input score 72; 72nd percentile among comparable filings
- Liabilities to assets ratio: 0.26; rating input score 51; 51st percentile among comparable filings
- Officer compensation ratio: 14.6%; rating input score 9; 9th percentile among comparable filings
Growth
- Program expense growth: 3% per year; rating input score 100; 26th percentile among comparable filings
- Revenue growth: -0.3% per year; rating input score 0; 8th percentile among comparable filings
- Asset growth: 4.6% per year; rating input score 100; 33rd percentile among comparable filings
Details
- Where the money goes: 76.9% of revenue deployed · 65.6% of spending went to programs
- Governance: 11 of 11 board members independent · 8 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $23.7M in reported program spending
- Leadership: top reported pay $1.4M · 25 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $2.4M reported
- Consistency: 38 of 39 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 34 filed money-flow records
- Related organizations: 20 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 19/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Officer compensation ratio scored 9/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Sustainability: Liabilities to assets ratio scored 51/100.