Society of Defense Financial Management
Nonprofit profile at a glance
- EIN
- 541025128
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Alexandria, VA, USA
- Phone
- 7035490360
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $2,190,445
- Expenses
- $4,704,544
- Assets
- $4,628,769
- Liabilities
- $969,709
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- Glenda Scheiner (President - Air Force)
- Tina Pierce (Vice President-Outgoing - OSD)
- Wes Robinson (Vice President - Army)
- Natalia Li (Vice President - Navy)
- Jed Sondike (Vice President - USMC)
- Lara Sayer (Vice President - Air Force/Space Force)
Highest reported compensation
- Richard Brady (Chief Executive Officer): $296,391 total reported compensation
- Daniel Woltman (VP, Membership): $164,424 total reported compensation
- Phara Rodrigue (VP, Certification): $153,033 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote thought leadership, professional development, and ethical behavior in all aspects of defense financial management.
What it reported doing in 2024
Certified Defense Financial Manager Program: The Certified Defense Financial Manager (CDFM) is a professional certification for financial management professionals in the U.S. Department of Defense (DoD). Administered by the Society of Defense Financial Management (SDFM), the CDFM validates a candidate's broad-based understanding of core defense financial management principles, practices, and standards.The CDFM credential is recognized across military and civilian sectors as a mark of excellence and professionalism in areas such as resource management, budgeting, cost control, and fiscal law. Whether working in policy, operations, or oversight, CDFM holders help ensure mission readiness and fiscal accountability across the DoD.
Operating model
- Revenue model
- Other-operating. 96% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% 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 most voting board members are independent. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 61
- Accountability: 100
- Sustainability: 18
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 77.3%; rating input score 77
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 13th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -114.8%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 0.98; rating input score 36; 36th percentile among comparable filings
- Liabilities to assets ratio: 0.21; rating input score 43; 43rd percentile among comparable filings
- Officer compensation ratio: 18.3%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: 7.2% per year; rating input score 100; 52nd percentile among comparable filings
- Revenue growth: 4.1% per year; rating input score 100; 35th percentile among comparable filings
- Asset growth: 0.2% per year; rating input score 100; 13th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 77.3% of spending went to programs
- Governance: 12 of 12 board members independent · 9 of 9 filing controls reported
- Programs: 5 filed program accomplishments · $3.6M in reported program spending
- Leadership: top reported pay $296K · 19 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $3M reported
- Consistency: 32 of 32 current checks pass
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 11 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 1/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
- High — Sustainability: Officer compensation ratio scored 14/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 43/100.