VIRGINIA TECH TRANSPORTATION ECONO… - 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

2012

Legal Domicile

Principal Officer

SIMON PM ALLEN

Phone

5402312977

Tax Period

2024-07-01 to 2025-06-30

VIRGINIA TECH TRANSPORTATION ECONOMIC DEVELOPMENT INC, founded in 2012, is a community nonprofit in the Education sector that reported $4.9M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $6.0M exceeded revenue, resulting in a 22% operating deficit.

Mission

VTTEDI BUILDS A BASE OF RESEARCH, ENGINEERING EDUCATION, ADVANCED TESTING, AND TECHNOLOGY TRANSFER THAT SIGNIFICANTLY IMPACTS INDUSTRIAL PRACTICE AND PRODUCTIVITY THROUGH THE DEVELOPMENT OF ADVANCED MATERIALS, INTELLIGENT TIRE TECHNOLOGIES AND VEHICLE DYNAMICS DATA ANALYSIS.

Program Service Accomplishments

Program 1

Expenses: $5,753,020 Revenue: $4,929,428

VTTEDI CONTRIBUTES TO THE ECONOMIC DEVELOPMENT OF SOUTHSIDE VIRGINIA THROUGH CAREER OPPORTUNITIES FOR OVER 34 EMPLOYEES, SUPPORTING LOCAL BUSINESSES, AND ENGAGING LOCAL EDUCATIONAL AND NONPROFIT...

VTTEDI CONTRIBUTES TO THE ECONOMIC DEVELOPMENT OF SOUTHSIDE VIRGINIA THROUGH CAREER OPPORTUNITIES FOR OVER 34 EMPLOYEES, SUPPORTING LOCAL BUSINESSES, AND ENGAGING LOCAL EDUCATIONAL AND NONPROFIT INSTITUTIONS. VTTEDI HAS CREATED INTERNSHIPS FOR VIRGINIA TECH ENGINEERING STUDENTS. VTTEDI PROVIDES DEVELOPMENT AND DELIVERY OF SPECIALIZED RESEARCH, TIRE TESTING AND MODELING AND SIMULATION SERVICES TO GLOBAL CUSTOMERS AND SPONSORS. VTTEDI HAS BUILT HIGHLY SPECIALIZED FACILITIES THAT PROVIDE STATE OF THE ART EQUIPMENT AND TECHNOLOGY FOR TIRE TESTING AND MODELING AND VEHICLE MODELING. COMPANIES FROM AROUND THE GLOBE TRAVEL TO ALTON VA TO GET THE MOST ADVANCED SERVICES AND DATA FROM THE VTTEDI TEAM.

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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 $0

Program Service Revenue $4,893,468

Investment Income $0

Other Revenue $35,960

TOTAL REVENUE $4,929,428

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,485,551

Fundraising Expenses $0

Program Expenses $5,753,020

Other Expenses $2,511,367

TOTAL EXPENSES $5,996,918

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,929,428	$5,551,250	-0.1%
Expenses	$5,996,918	$5,841,143	+0.0%
Net Income	$-1,067,490	$-289,893	+2.7%

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

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

$3,328,494

Total Directors

$2,756,935

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR CYRIL R CLARKE	BOARD MEMBER	2.00	Officer Director	$0	$140,692	$757,908
AMY SEBRING	BOARD MEMBER	2.00	Officer Director	$0	$161,293	$737,943
DR DIANZHI DANIEL SUI	CHAIR	2.00	Officer Director	$0	$63,892	$565,539
JUSTICE ELIZABETH A MCCLANAHAN	MANAGER (VTT, LLC)	2.00	Officer Director	$0	$0	$0
SIMON PM ALLEN	SECRETARY/TREASURER	2.00	Officer Director	$0	$43,216	$358,262
JEFF EARLEY	BOARD MEMBER	2.00	Director	$0	$67,722	$337,283
ZACHARY DOERZAPH	PRESIDENT (VTT, LLC)	40.00	Officer	$0	$69,688	$420,705
FRANK DELLA PIA	EXECUTIVE DIRECTOR (VTT, LLC)	40.00	Officer	$253,130	$43,084	$296,214
CHRISTINE ABSHER	TREASURER (VTT, LLC)	10.00	Officer	$0	$48,189	$191,923
JONATHAN DARAB	ENGINEERING DIRECTOR (VTT, LLC)	40.00	Highest	$194,002	$47,948	$241,950
SEAN HUBBARD	RESEARCH SCIENTIST (VTT, LLC)	40.00	Highest	$150,682	$25,655	$176,337
YI LI	RESEARCH SCIENTIST (VTT, LLC)	40.00	Highest	$111,303	$20,974	$132,277
LAURI MUSTONEN	RESEARCH SCIENTIST (VTT, LLC)	40.00	Highest	$111,370	$20,750	$132,120
JORGE LUIS ROJAS ALBINO	RESEARCH SCIENTIST (VTT, LLC)	40.00	Highest	$104,975	$20,587	$125,562
TRAVIS TERRY	RESEARCH SCIENTIST (VTT, LLC)	40.00	Highest	$102,639	$37,682	$140,321

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	$4,929,428	$5,996,918	$7,799,062	$-1,067,490
2024	$5,551,250	$5,841,143	$8,963,322	$-289,893
2023	$4,508,119	$5,861,315	$9,504,390	$-1,353,196
2022	$6,270,290	$6,010,276	$11,029,540	$260,014
2021	$4,409,526	$4,822,052	$11,592,246	$-412,526
2020	$4,077,764	$5,801,894	$9,166,530	$-1,724,130
2019	$6,345,902	$6,236,581	$10,527,267	$109,321
2018	$5,590,697	$5,627,007	$11,646,486	$-36,310

VIRGINIA TECH TRANSPORTATION ECONOMIC DEVELOPMENT INC