ROANOKE BLACKSBURG INNOVATION NETW… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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

Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

Principal Officer

ERIN BURCHAM

Phone

5404439216

Tax Period

2025-01-01 to 2025-12-31

ROANOKE BLACKSBURG INNOVATION NETWORK, founded in 2013, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2025. Revenue surged 54% from the prior year, signaling strong growth momentum. Expenses of $2.2M exceeded revenue, resulting in a 45% operating deficit.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $773,816 Revenue: $50,526

RBIA SUPPORTS TECHNOLOGY AND LIFE SCIENCES FOUNDERS FROM IDEA STAGE THROUGH SCALING BY PROVIDING THE PROGRAMMING, MENTORSHIP, AND RESOURCES THEY NEED AT EACH PHASE OF COMPANY GROWTH. ACTIVITIES...

RBIA SUPPORTS TECHNOLOGY AND LIFE SCIENCES FOUNDERS FROM IDEA STAGE THROUGH SCALING BY PROVIDING THE PROGRAMMING, MENTORSHIP, AND RESOURCES THEY NEED AT EACH PHASE OF COMPANY GROWTH. ACTIVITIES INCLUDE THE REGIONAL ACCELERATOR AND MENTORING PROGRAM (RAMP) AND ITS ON RAMP PRE-ACCELERATOR SUITE FOR EARLY-STAGE ENTREPRENEURS, ACCELERATOR COHORTS THAT DELIVER INTENSIVE MENTORSHIP AND BUSINESS DEVELOPMENT SUPPORT TO HIGH-POTENTIAL STARTUPS, AND EXIT RAMP SERVICES THAT HELP ALUMNI AND LATER-STAGE COMPANIES CONTINUE TO GROW.

Program 2

Expenses: $782,177

RBIA DRIVES REGIONAL ECONOMIC GROWTH IN THE TECHNOLOGY AND LIFE SCIENCES SECTORS BY BUILDING THE INFRASTRUCTURE, PROGRAMMING, AND PARTNERSHIPS THAT EARLY-STAGE AND SCALING COMPANIES NEED TO LAUNCH...

RBIA DRIVES REGIONAL ECONOMIC GROWTH IN THE TECHNOLOGY AND LIFE SCIENCES SECTORS BY BUILDING THE INFRASTRUCTURE, PROGRAMMING, AND PARTNERSHIPS THAT EARLY-STAGE AND SCALING COMPANIES NEED TO LAUNCH AND GROW IN THE ROANOKE-BLACKSBURG REGION. ACTIVITIES INCLUDE BUILDING A BIOTECHNOLOGY ECOSYSTEM IN ROANOKE TO SUPPORT EARLY-STAGE BIOTECH AND HEALTHCARE INNOVATION STARTUPS, DEVELOPING TALENT AND WORKFORCE PIPELINE INITIATIVES THAT CONNECT REGIONAL EMPLOYERS AND TECHNICAL TALENT, AND DELIVERING INDUSTRY CONVENINGS.

Program 3

Expenses: $201,621

RBIA STRENGTHENS THE REGIONAL CAPITAL ECOSYSTEM BY BUILDING INVESTOR NETWORKS AND CREATING THE INFRASTRUCTURE THAT CONNECTS INVESTORS TO INVESTABLE COMPANIES. ACTIVITIES INCLUDE OPERATING...

RBIA STRENGTHENS THE REGIONAL CAPITAL ECOSYSTEM BY BUILDING INVESTOR NETWORKS AND CREATING THE INFRASTRUCTURE THAT CONNECTS INVESTORS TO INVESTABLE COMPANIES. ACTIVITIES INCLUDE OPERATING COMMONWEALTH ANGELS, THE REGION'S ANGEL INVESTOR NETWORK, PRODUCING INVESTOR ROADSHOWS AND PITCH EVENTS THAT CONNECT REGIONAL STARTUPS TO EARLY-STAGE CAPITAL, ATTRACTING OUT-OF-REGION INVESTORS TO DEPLOY CAPITAL INTO ROANOKE-BLACKSBURG COMPANIES, AND DELIVERING INVESTOR EDUCATION PROGRAMMING THAT GROWS THE POOL OF ACTIVE INVESTORS IN THE REGION.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $1,448,988

Program Service Revenue $50,526

Investment Income $13,374

Other Revenue $0

TOTAL REVENUE $1,512,888

Expense Breakdown

Grants Paid $386,192

Salaries & Benefits $987,707

Fundraising Expenses $0

Program Expenses $1,757,614

Other Expenses $822,664

TOTAL EXPENSES $2,196,563

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,512,888	$983,798	+0.5%
Expenses	$2,196,563	$1,998,028	+0.1%
Net Income	$-683,675	$-1,014,230	-0.3%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$168,640

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY ANKRUM	OFFICER: CO-CHAIR, EXECUTI	4.00	Officer Director	$0	$0	$0
JEFF SMITH	OFFICER: CO-CHAIR, EXECUTI	4.00	Officer Director	$0	$0	$0
JUSTIN YALUNG	GENERAL DIRECTOR	1.00	Director	$0	$0	$0
DANIEL SUMMERLIN	OFFICER: SECRETARY, EXECUT	4.00	Officer Director	$0	$0	$0
MICAH ALMOND	EXECUTIVE MEMBER	2.00	Director	$0	$0	$0
KEVIN BLOOMFIELD	EXECUTIVE MEMBER	2.00	Director	$0	$0	$0
HARVEY BROOKINS	EXECUTIVE MEMBER	2.00	Director	$0	$0	$0
ALLISON WATKINS	OFFICER: TREASURER	4.00	Officer Director	$0	$0	$0
KATHY CLAYTOR	EXECUTIVE MEMBER	2.00	Director	$0	$0	$0
RUSS ELLIS	EXECUTIVE MEMBER	2.00	Director	$0	$0	$0
ANGELA JOYNER PHD	EXECUTIVE MEMBER	2.00	Director	$0	$0	$0
STEVE ARNER	GENERAL DIRECTOR	1.00	Director	$0	$0	$0
MARTY MUSCATELLO	EXECUTIVE MEMBER	2.00	Director	$0	$0	$0
KIRK AVERETT	GENERAL DIRECTOR	1.00	Director	$0	$0	$0
EDDIE AMOS	EXECUTIVE MEMBER	2.00	Director	$0	$0	$0
HENRY BASS	GENERAL DIRECTOR	1.00	Director	$0	$0	$0
ROBERT BRANDON	GENERAL DIRECTOR	1.00	Director	$0	$0	$0
JOHN CAPPS PHD	GENERAL DIRECTOR	1.00	Director	$0	$0	$0
VINOD CHACHRA	GENERAL DIRECTOR	1.00	Director	$0	$0	$0
STEVE CRITCHFIELD	GENERAL DIRECTOR	1.00	Director	$0	$0	$0
ROB DAY	GENERAL DIRECTOR	1.00	Director	$0	$0	$0
ART ESPEY	GENERAL DIRECTOR	1.00	Director	$0	$0	$0
W HEYWOOD FRALIN	GENERAL DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL FRIEDLANDER PHD	GENERAL DIRECTOR	1.00	Director	$0	$0	$0
SAMY LAMOUILLE	GENERAL DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH BENEVENTO	GENERAL DIRECTOR	1.00	Director	$0	$0	$0
AILEEN HELSEL	GENERAL DIRECTOR	1.00	Director	$0	$0	$0
SPENCER MARSH	GENERAL DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH MCCLANAHAN	GENERAL DIRECTOR	1.00	Director	$0	$0	$0
JOHN NEWBY	GENERAL DIRECTOR	1.00	Director	$0	$0	$0
JOHN RAINONE PHD	GENERAL DIRECTOR	1.00	Director	$0	$0	$0
JAMES RAMEY	GENERAL DIRECTOR	1.00	Director	$0	$0	$0
DAVID NOTARI	GENERAL DIRECTOR	1.00	Director	$0	$0	$0
BRANDY SALMON	GENERAL DIRECTOR	1.00	Director	$0	$0	$0
LAURA TREANOR PHD	GENERAL DIRECTOR	1.00	Director	$0	$0	$0
FRANK SHUSHOK	GENERAL DIRECTOR	1.00	Director	$0	$0	$0
MARJORIE TENZER	GENERAL DIRECTOR	1.00	Director	$0	$0	$0
CLARK WORTHY	GENERAL DIRECTOR	1.00	Director	$0	$0	$0
STACIE VEST	GENERAL DIRECTOR	1.00	Director	$0	$0	$0
ERIN BURCHAM	CEO	34.00	Officer	$168,640	$0	$168,640
JESSICA EDWARDS	INNOVATION STUDIO DIRECTOR	40.00	Highest	$100,400	$0	$100,400
MARTY ROSENDALE	ENTREPENEUR IN RESIDENCE	20.00	Highest	$120,000	$0	$120,000

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	$1,512,888	$2,196,563	$922,514	$-683,675
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

ROANOKE BLACKSBURG INNOVATION NETWORK