THE ROANOKE-BLACKSBURG INNOVATION NETWORK

EIN: 462975294 501(c)(3) Education

BLACKSBURG, VA

Total Revenue
$3,656,989
Total Expenses
$1,536,698
Total Assets
$2,417,096
Net Assets
$2,374,849
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
VA
Principal Officer
ERIN BURCHAM
Phone
5404439216
Tax Period
2023-01-01 to 2023-12-31

THE ROANOKE-BLACKSBURG INNOVATION NETWORK, founded in 2013, is a small nonprofit in the Education sector that reported $267K in total revenue in fiscal year 2018. Revenue surged 4347% from the prior year, signaling strong growth momentum. Expenses of $308K exceeded revenue, resulting in a 15% operating deficit.

Mission

THE ORGANIZATION SUPPORTS THE REGION BY CONNECTING, COMMUNICATING, AND COLLABORATING WITH STAKEHOLDERS TO GROW AND STRENGTHEN OUR INNOVATION ECONOMY.

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Trantor Score

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

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,656,989
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,656,989

Expense Breakdown

Grants Paid $0
Salaries & Benefits $682,317
Fundraising Expenses $0
Program Expenses $1,082,463
Other Expenses $854,381
TOTAL EXPENSES $1,536,698

Year-over-Year Comparison

2023 2022 Change
Revenue $3,656,989 $698,775 +4.2%
Expenses $1,536,698 $984,884 +0.6%
Net Income $2,120,291 $-286,109 -8.4%
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

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Governance

Voting Members
38
Independent Members
37
Employees
8
Volunteers
74

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
5
$138,890
Total Directors
38
$138,890
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIN BURCHAM VERGE PRESID 40.00
Officer Director
$138,890 $0 $138,890
EDDIE AMOS GENERAL DIRE 1.00
Director
$0 $0 $0
AMY ANKRUM OFFICER; CO- 4.00
Officer Director
$0 $0 $0
HENRY BASS GENERAL DIRE 1.00
Director
$0 $0 $0
KEVIN BLOOMFIELD EXECUTIVE ME 2.00
Director
$0 $0 $0
GRANT BREWER GENERAL DIRE 1.00
Director
$0 $0 $0
HARVEY BROOKINS GENERAL DIRE 1.00
Director
$0 $0 $0
DAVID CATALANO EXECUTIVE ME 2.00
Director
$0 $0 $0
KATHY CLAYTOR EXECUTIVE ME 2.00
Director
$0 $0 $0
NICK CONTE GENERAL DIRE 1.00
Director
$0 $0 $0
STEVE CRITCHFIELD GENERAL DIRE 1.00
Director
$0 $0 $0
ROB DAY GENERAL DIRE 1.00
Director
$0 $0 $0
KATHERIN ELAM GENERAL DIRE 1.00
Director
$0 $0 $0
RUSS ELLIS EXECUTIVE ME 2.00
Director
$0 $0 $0
WILLIAM FRALIN GENERAL DIRE 1.00
Director
$0 $0 $0
CHERYL GIGGETTS GENERAL DIRE 1.00
Director
$0 $0 $0
AILEEN HELSEL GENERAL DIRE 1.00
Director
$0 $0 $0
ED LAWHORN GENERAL DIRE 1.00
Director
$0 $0 $0
ELIZABETH MCCLANAHAN GENERAL DIRE 1.00
Director
$0 $0 $0
JEFF MERRITT EXECUTIVE ME 2.00
Director
$0 $0 $0
MARTY MUSCATELLO EXECUTIVE ME 2.00
Director
$0 $0 $0
JOHN NEWBY GENERAL DIRE 1.00
Director
$0 $0 $0
PATRICK PATTERSON EXECUTIVE ME 2.00
Director
$0 $0 $0
ANGELA JOYNER PHD EXECUTIVE ME 2.00
Director
$0 $0 $0
BRIAN SOLLER PHD GENERAL DIRE 1.00
Director
$0 $0 $0
JOHN CAPPS PHD GENERAL DIRE 1.00
Director
$0 $0 $0
JOHN RAINONE PHD GENERAL DIRE 1.00
Director
$0 $0 $0
MICHAEL FRIEDLANDER PHD GENERAL DIRE 1.00
Director
$0 $0 $0
PAT HUBER PHD GENERAL DIRE 1.00
Director
$0 $0 $0
ROBERT SANDEL PHD GENERAL DIRE 1.00
Director
$0 $0 $0
JAMES RAMEY GENERAL DIRE 1.00
Director
$0 $0 $0
ROB SANCHEZ GENERAL DIRE 1.00
Director
$0 $0 $0
JEFF SMITH OFFICER; CO 4.00
Officer Director
$0 $0 $0
ROBERT STOLLE GENERAL DIRE 1.00
Director
$0 $0 $0
DANIEL SUMMERLIN OFFICER: SEC 4.00
Officer Director
$0 $0 $0
MARJORIE TENZER EXECUTIVE ME 2.00
Director
$0 $0 $0
CLARK WORTHY GENERAL DIRE 1.00
Director
$0 $0 $0
JUSTIN YALUNG OFFICER; TRE 4.00
Officer Director
$0 $0 $0
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
2024 No data No data No data No data
2023 $3,656,989 $1,536,698 $2,417,096 $2,120,291
2022 $698,775 $984,884 $250,605 $-286,109
2021 $949,408 $628,615 $486,721 $320,793
2020 $362,633 $357,923 $92,272 $4,710
2019 $367,553 $368,902 $52,359 $-1,349
2018 $266,798 $307,913 $56,407 $-41,115
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