VIRGINIA TECH INNOVATIONS CORPORATION

EIN: 274910429 501(c)(3)

BLACKSBURG, VA

Total Revenue
$858,014
Total Expenses
$806,484
Total Assets
$314,801
Net Assets
$138,088
🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
VA
Principal Officer
SIMON PM ALLEN
Phone
5402312977
Tax Period
2024-07-01 to 2025-06-30

VIRGINIA TECH INNOVATIONS CORPORATION, founded in 2011, is a small nonprofit that reported $832K in total revenue in fiscal year 2019. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $806K left a modest 3% surplus.

Mission

TO SUPPORT INNOVATIVE APPLICATIONS OF SCIENCE AND TECHNOLOGY AND PROVIDE TECHNICAL ASSISTANCE TO ENHANCE GLOBAL COMPETITIVENESS.

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $428,713
Program Service Revenue $416,652
Investment Income $0
Other Revenue $12,649
TOTAL REVENUE $858,014

Expense Breakdown

Grants Paid $332,123
Salaries & Benefits $23,990
Fundraising Expenses $0
Program Expenses $704,891
Other Expenses $450,371
TOTAL EXPENSES $806,484

Year-over-Year Comparison

2024 2023 Change
Revenue $858,014 $1,276,868 -0.3%
Expenses $806,484 $1,261,470 -0.4%
Net Income $51,530 $15,398 +2.3%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
6
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
10
$2,661,938
Total Directors
7
$3,208,409
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY SEBRING CHAIR 2.00
Officer Director
$0 $161,293 $737,943
DR CYRIL R CLARKE BOARD MEMBER 2.00
Director
$0 $140,692 $757,908
DR DIANZHI DANIEL SUI BOARD MEMBER 2.00
Director
$0 $63,892 $565,539
SIMON PM ALLEN SECRETARY/TREASURER 2.00
Officer Director
$0 $43,216 $358,262
DR GURUPRASAD GHOSH BOARD MEMBER 2.00
Director
$0 $81,726 $451,474
JEFF EARLEY BOARD MEMBER 2.00
Director
$0 $67,722 $337,283
JUSTICE ELIZABETH A MCCLANAHAN SECRETARY/TREASURER 2.00
Officer Director
$0 $0 $0
DR JAMES RANDY HEFLIN CO-MANAGER VT-RCS 2.00
Officer
$0 $60,534 $364,588
DR THOMAS ARCHIBALD PRESIDENT AET GLOBAL 2.00
Officer
$0 $51,104 $215,442
LISA GREINER ASST TREASURER AET GLOBAL 2.00
Officer
$0 $28,482 $146,785
SAMANTHA MAHDU TREASURER AET GLOBAL 2.00
Officer
$0 $35,786 $128,050
MELINDA WEST TREASURER VT-RCS 2.00
Officer
$0 $62,935 $350,732
DANIEL COCKRUM SECRETARY VT-RCS 2.00
Officer
$0 $36,940 $221,503
LINDA DUFFY PRESIDENT VT-RCS 2.00
Officer
$0 $14,122 $138,633
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $858,014 $806,484 $314,801 $51,530
2024 $1,276,868 $1,261,470 $528,416 $15,398
2023 $754,122 $687,400 $505,681 $66,722
2022 $745,167 $736,867 $281,572 $8,300
2021 $455,712 $504,634 $44,489 $-48,922
2020 $832,030 $806,192 $321,432 $25,838
Explore More Nonprofits
→Top 100 Nonprofits in Virginia →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare VIRGINIA TECH INNOVATIONS CORPORATION with other nonprofits in Virginia and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.