VIRGINIA TECH INNOVATIONS CORPORAT… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2011

Legal Domicile

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 $858K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $806K left a modest 6% surplus.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $372,768 Revenue: $413,422

AET GLOBAL, LLC (AET) IS PROVIDING IN-COUNTRY CONTRACTUAL PROCUREMENT SERVICES IN BANGLADESH FOR A FOUR YEAR GRANT RESEARCH PROJECT RECEIVED BY VIRGINIA TECH.

Program 2

Expenses: $332,123 Revenue: $3,230

VIRGINIA TECH RESEARCH CONTRACTING SERVICES, LLC (VTRCS) CONTRACTS AND ADMINISTERS EXTERNAL RESEARCH GRANTS WITH PRIVATE CORPORATIONS AND SUBCONTRACTS THE RESEARCH WORK TO VIRGINIA TECH.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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

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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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

Governance

Voting Members

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

$2,661,938

Total Directors

$3,208,409

Key Employees

Highest Compensated

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

VIRGINIA TECH INNOVATIONS CORPORATION