Southwest Research Institute CEO salary and executive pay
Southwest Research Institute paid its CEO, Adam Hamilton, $1,799,081 for the fiscal year ending September 2025. That is up $80,361 (4.7%) from the fiscal year ending September 2024. Total revenue on that return was $978,595,721, up 5.6% from $926,409,362 for the fiscal year ending September 2024. Southwest Research Institute ranks 9th of 15 research institutes on this site by CEO pay. Southwest Research Institute has 4 Form 990 returns on record, for fiscal years ending 2022 to 2025.
Last updated from IRS e-file data. EIN 74-1070544, San Antonio, TX.
CEO, fiscal year ending September 2025
$1,799,081
Also listed with a chief executive title on this filing: Stephan A Fuselier (Executive Director), $525,008; Brian J Schimmoller (Pres/CEO SSLLC), $384,164.
- Total revenue
- $978,595,721
- CEO pay vs. peers
- Higher than 62%
Source: Form 990, fiscal year ending September 2025, IRS object ID 202622249349301527.View the filing
Peers: the 330 other organizations on this site with revenue of $500 million to $5 billion. Ranked 124th of 331 by top pay as a share of revenue. Pay is 0.18% of revenue, our calculation from the same return. Revenue is Part I, line 12; peers are compared on their latest full-year returns.
Highest-paid people on the latest return
On the latest return, 14 people were paid more than $500,000, 2 of them more than $1 million.
| Name and title | Total |
|---|---|
| Adam Hamilton CEO Pres./CEO/Dir. | $1,799,081 |
| Walter D Downing JrExec.VP/COO/Dir | $1,090,879 |
| James L BurchSr. Vice Pres. | $795,913 |
| Robin CanupVice President | $682,503 |
| Beth Ann RaffertyCFO/Sec/VP-Fin. | $681,618 |
Also paid on the latest return: Sol A Stern (Associate VP), $643,701; C Nils Smith (Vice President), $609,445; Scott J Bolton (Associate V.P.), $605,280; Steven D Marty (Vice President), $568,843; Michael K McLelland (Vice President), $566,215; Monica R Trollinger (General Counsel), $561,223; Steven W Dellenback (Vice President), $559,699; Daniel W Stewart (Vice President), $549,758; Stephan A Fuselier (Executive Director), $525,008; Anthony Magaro (Vice President), $487,984; Harold F Levison (Program Director), $475,053; Jim R Keys (Vice President), $470,298; Ben H Thacker (Vice President), $449,687; Joe A McDonough (Vice President), $435,218; Paul Easley (Vice President), $430,743; and 16 more.
Also listed in Part VII of the latest return, with no pay reported: David S Zachry (Director).
CEO pay by year
Each row is the CEO on that year's return.
| Fiscal year ending | Name and title | Total | Revenue | Source |
|---|---|---|---|---|
| Sep 2025 | Adam Hamilton CEO Pres./CEO/Dir. | $1,799,081 | $978,595,721 | Filing |
| Sep 2024 | Adam Hamilton CEO President/CEO/Director | $1,718,720 | $926,409,362 | Filing |
| Sep 2023 | Adam Hamilton CEO President and CEO | $1,701,751 | $855,635,746 | Filing |
| Sep 2022 | Adam Hamilton CEO President and CEO | $1,423,039 | $800,924,085 | Filing |
How this pay was reported
The parts of each total, as reported on the return for the fiscal year ending September 2025.
Source: Form 990, fiscal year ending September 2025, IRS object ID 202622249349301527.View the filing
| Part VII | Schedule J | |||||||
|---|---|---|---|---|---|---|---|---|
| Name and title | From org | Other | Base | Bonus | Other | Deferred | Nontaxable | Total |
| Adam HamiltonPres./CEO/Dir. | $1,739,762 | $59,319 | $1,124,600 | $581,878 | $33,284 | $34,578 | $24,741 | $1,799,081 |
| Walter D Downing JrExec.VP/COO/Dir | $1,028,204 | $62,675 | $749,264 | $225,893 | $53,047 | $34,578 | $28,097 | $1,090,879 |
| James L BurchSr. Vice Pres. | $735,603 | $60,310 | $599,268 | $104,601 | $31,734 | $34,578 | $25,732 | $795,913 |
| Robin CanupVice President | $613,053 | $69,450 | $486,178 | $96,288 | $30,587 | $34,578 | $34,872 | $682,503 |
| Beth Ann RaffertyCFO/Sec/VP-Fin. | $623,828 | $57,790 | $471,290 | $119,473 | $33,065 | $34,578 | $23,212 | $681,618 |
These figures come from Southwest Research Institute's Form 990 returns, as the IRS publishes them. The methodology page explains how they're chosen. To report an error, email corrections@ceopaycheck.com.
How Southwest Research Institute compares
Ranked 9th of 15 research institutes by CEO pay.
- Previous in this ranking: 8th, RTI International, $1,823,892
- Next in this ranking: 10th, American Institutes for Research, $1,647,659
Closest in revenue among organizations in the same revenue band:
SCL Health$3,849,642 (highest-paid), fiscal year ending Dec 2024
Draper Laboratory$2,106,272 (CEO), fiscal year ending Jun 2025
Kamehameha Schools$1,721,931 (CEO), fiscal year ending Jun 2025
The Metropolitan Museum of Art$1,871,720 (CEO), fiscal year ending Jun 2025
Blue Meridian Partners$1,549,315 (CEO), fiscal year ending Sep 2025
Common questions
Adam Hamilton (Pres./CEO/Dir.) was paid $1,799,081 for the fiscal year ending September 2025: $1,739,762 from Southwest Research Institute and $59,319 in other compensation (Part VII columns D and F).
The CEO, Adam Hamilton, was the highest-paid person on the latest return, at $1,799,081.
Southwest Research Institute paid its CEO, Adam Hamilton, $1,799,081 for the fiscal year ending September 2025. That is up $80,361 (4.7%) from the fiscal year ending September 2024. The earliest return on record is for the fiscal year ending September 2022, when the CEO was Adam Hamilton, paid $1,423,039. By fiscal year end: September 2022, $1,423,039 (Adam Hamilton); September 2023, $1,701,751; September 2024, $1,718,720; September 2025, $1,799,081.
Southwest Research Institute's return for the fiscal year ending September 2025 reports total expenses of $935,178,709 and total revenue of $978,595,721 (Part I, lines 18 and 12), so revenue exceeded expenses by $43,417,012. Expenses were $892,381,723 for the fiscal year ending September 2024, so they rose 4.8%. The CEO's pay of $1,799,081 equals 0.19% of expenses, our calculation.
From the 4 Form 990 returns Southwest Research Institute filed with the IRS for fiscal years ending 2022 to 2025. The latest full-year return was filed on August 12, 2026. Schedule J of the fiscal year ending September 2025 return breaks down pay for all 5 people in the pay breakdown above.