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← SOCIETY OF DEFENSE FINANCIAL MANAGEMENT

Form 990 for tax year 2024

Filed by SOCIETY OF DEFENSE FINANCIAL MANAGEMENT.

Totals

Total revenue
$2,190,445
Total expenses
$4,704,544
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,149,102
Investment income
$31,061
Other revenue
$10,282
Total assets, end of year
$4,628,769
Total liabilities, end of year
$969,709
Net assets or fund balances, end of year
$3,659,060
Program services expenses (Part IX)
$3,638,185
Management and general expenses
$1,066,359
Fundraising expenses
$0
Program service expenses (Part III)
$3,638,185

Program services were 77.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: Membership dues

    total $830,748 · related or exempt $830,748

  • 2b · Program service revenue: Certification fees

    total $561,711 · related or exempt $561,711

  • 2c · Program service revenue: Contract revenue

    total $329,720 · related or exempt $329,720

  • 2d · Program service revenue: PDI Symposium

    total $319,031 · related or exempt $319,031

  • 2e · Program service revenue: Program/Budget Summit

    total $52,232 · related or exempt $52,232

  • 2f · All other program service revenue

    total $55,660 · related or exempt $27,000 · unrelated business $28,660

  • 3 · Investment income

    total $62,958 · excluded $62,958

  • 5 · Royalties

    total $9,277 · excluded $9,277

  • 7a · Gross sales of assets other than inventory

    securities $1,251,455

  • 7b · Less cost or other basis and sales expenses

    securities $1,283,352

  • 7c · Gain or loss

    securities -$31,897

  • 7d · Net gain or loss

    total -$31,897 · excluded -$31,897

  • 11a · Other revenue: Other income

    total $1,005 · excluded $1,005

  • 11e · Other revenue, total

    $1,005

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $262,573 · program services $194,912 · management and general $67,661

  • 7 · Other salaries and wages

    total $1,278,110 · program services $948,762 · management and general $329,348

  • 8 · Pension plan contributions

    total $69,156 · program services $51,336 · management and general $17,820

  • 9 · Other employee benefits

    total $175,641 · program services $130,381 · management and general $45,260

  • 10 · Payroll taxes

    total $104,943 · program services $77,901 · management and general $27,042

  • 11b · Fees: legal

    total $6,542 · management and general $6,542

  • 11c · Fees: accounting

    total $71,878 · management and general $71,878

  • 11f · Fees: investment management

    total $16,238 · management and general $16,238

  • 11g · Fees: other

    total $448,673 · program services $293,109 · management and general $155,564

  • 12 · Advertising and promotion

    total $328,467 · program services $243,826 · management and general $84,641

  • 13 · Office expenses

    total $115,945 · program services $86,069 · management and general $29,876

  • 14 · Information technology

    total $512,461 · program services $380,408 · management and general $132,053

  • 16 · Occupancy

    total $101,636 · program services $75,446 · management and general $26,190

  • 17 · Travel

    total $14,897 · program services $11,058 · management and general $3,839

  • 19 · Conferences, conventions and meetings

    total $903,290 · program services $903,290

  • 22 · Depreciation, depletion and amortization

    total $170,733 · program services $126,738 · management and general $43,995

  • 23 · Insurance

    total $32,647 · program services $24,235 · management and general $8,412

  • 24a · Other expenses: Publications

    total $90,714 · program services $90,714

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $717,260 · end of year $285,716

  • 2 · Savings and temporary cash investments

    beginning of year $898,153 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $231,138 · end of year $169,749

  • 4 · Accounts receivable

    beginning of year $1,288,394 · end of year $80,680

  • 9 · Prepaid expenses and deferred charges

    beginning of year $82,795 · end of year $53,625

  • 10a · Land, buildings and equipment: cost or other basis

    $3,489,371

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,007,716

  • 10c · Land, buildings and equipment, net

    beginning of year $2,486,484 · end of year $2,481,655

  • 11 · Investments: publicly traded securities

    beginning of year $1,606,292 · end of year $1,553,344

  • 15 · Other assets

    beginning of year $4,000 · end of year $4,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $712,992 · end of year $394,097

  • 19 · Deferred revenue

    beginning of year $623,127 · end of year $575,612

  • 27 · Net assets without donor restrictions

    beginning of year $5,978,397 · end of year $3,659,060

Mission and programs · 2024

Mission

To promote thought leadership, professional development, and ethical behavior in all aspects of defense financial management.

Activities or mission (Part I)

Promote the education, training, & certification of the defense financial management workforce.

  • 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.

    Expenses $1,046,095 · Revenue $561,711

  • Education and Professional Development: SDFM offers comprehensive training programs, various education and networking events, webinars, and on demand education.Our mission is to empower financial professionals at every stage of their careers through dynamic and comprehensive learning experiences with the latest knowledge, tools, and strategies needed to excel in the ever-evolving field of defense financial management. Whether looking to deepen expertise, achieve professional certification, or stay ahead of emerging trends, our programs are designed to help thrive and succeed in today's complex and fast-paced environment.

    Expenses $900,706 · Revenue $381,952

  • Membership Services: SDFM is a robust community of 14,000+ professionals dedicated to the defense financial management profession. We offer world-class professional development, industry-leading certification programs, peer-to-peer networking and local programming at 100+ chapters around the world as well as thought-leadership and career development opportunities.

    Expenses $805,507 · Revenue $857,748

  • Professional Development Institute Symposium (PDI): PDI is SDFM's premier training event, uniting defense financial managers from both the public and private sectors to enhance their skills, share best practices, and address the complex challenges of today's fiscal environment. With over 120 educational education sessions, six general sessions, and a full day of service-based sessions known as Community Day, PDI fosters collaboration among participants from service headquarters, major commands, installation levels and the private sector.

    Expenses $721,726 · Revenue $319,031

  • Armed Forces Comptroller Publication: The Armed Forces Comptroller Journal was first published in 1956 and remains SDFM's flagship publication. Articles are received from a variety of sources, including academia, government and the membership at large.

    Expenses $164,151 · Revenue $28,660

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Glenda Scheiner

    President - Air Force

    Total calculated
    $0
    Hours/week
    2

  • Nancy Phillips

    Treasurer - Retired

    Total calculated
    $0
    Hours/week
    2

  • DeAnna Randolph

    Secretary - OUSD(C)

    Total calculated
    $0
    Hours/week
    2

  • Tina Pierce

    Vice President-Outgoing - OSD

    Total calculated
    $0
    Hours/week
    1

  • Wes Robinson

    Vice President - Army

    Total calculated
    $0
    Hours/week
    1

  • Natalia Li

    Vice President - Navy

    Total calculated
    $0
    Hours/week
    1

  • Jed Sondike

    Vice President - USMC

    Total calculated
    $0
    Hours/week
    1

  • Lara Sayer

    Vice President - Air Force/Space Force

    Total calculated
    $0
    Hours/week
    1

  • Mats Persson

    Vice President - DFAS

    Total calculated
    $0
    Hours/week
    1

  • Mark Rose

    Vice President - USCG

    Total calculated
    $0
    Hours/week
    1

  • Dr Ann Tipton

    Vice President - DHS

    Total calculated
    $0
    Hours/week
    1

  • Patrick Lynch

    Chair-Corporate Advisory Group

    Total calculated
    $0
    Hours/week
    1

  • Steve Herrera

    At Large-Corporate

    Total calculated
    $0
    Hours/week
    1

  • Terry Elling

    General Counsel

    Total calculated
    $0
    Hours/week
    2

  • Richard Brady

    Chief Executive Officer

    Total calculated
    $296,391
    From this org
    $279,357
    From related orgs
    $0
    Other
    $17,034
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $244,357
    Bonus
    $35,000
    Other
    $0
    Deferred
    $17,034
    Nontaxable benefits
    $0
    Filer's total
    $296,391

  • Daniel Woltman

    VP, Membership

    Total calculated
    $164,424
    From this org
    $141,855
    From related orgs
    $0
    Other
    $22,569
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,855
    Bonus
    $6,000
    Other
    $0
    Deferred
    $8,485
    Nontaxable benefits
    $14,084
    Filer's total
    $164,424

  • Phara Rodrigue

    VP, Certification

    Total calculated
    $153,033
    From this org
    $131,264
    From related orgs
    $0
    Other
    $21,769
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,264
    Bonus
    $8,000
    Other
    $0
    Deferred
    $7,685
    Nontaxable benefits
    $14,084
    Filer's total
    $153,033

  • Charles McEntee

    Director, Marketing & PR

    Total calculated
    $126,538
    From this org
    $112,454
    From related orgs
    $0
    Other
    $14,084
    Hours/week
    40

  • Caroline Smith

    VP, Prof Dev & Education

    Total calculated
    $120,970
    From this org
    $104,996
    From related orgs
    $0
    Other
    $15,974
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
19 March 2026
IRS schema version
2024v5.5
Source object
202640799349300309

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