VIRGINIA ACADEMY OF SCIENCE ENGINEERING AND MEDICINE INC (EIN 463787774) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

Principal Officer

MR ALFRED GRASSO

Phone

8047474971

Tax Period

2024-07-01 to 2025-06-30

VIRGINIA ACADEMY OF SCIENCE ENGINEERING AND MEDICINE INC, founded in 2013, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $268K in total revenue in fiscal year 2020. Revenue surged 202% from the prior year, signaling strong growth momentum. The organization ran a surplus of $83K, a strong 31% operating margin.

Mission

THE PRIMARY MISSION OF VASEM SHALL BE TO:(1) INFORMPROVIDE AN INDEPENDENT RESOURCE OF EXPERTISE IN SCIENCE, ENGINEERING AND MEDICINE TO THE COMMONWEALTH OF VIRGINIA; ENVISION FUTURE TRENDS AND PROVIDE LEADERSHIP IN CATALYZING EMERGING OPPORTUNITIES;(2) ADVOCATEPROMOTE INVESTMENTS IN JOB GROWTH, RESEARCH, AND SOLUTIONS TO CHALLENGES IN SCIENCE, ENGINEERING AND TECHNOLOGY; SUPPORT EMERGING LEADERS IN SCIENCE, ENGINEERING AND MEDICNE TOWARD THEIR ELECTION IN THE NATIONIAL ACADEMIES;(3)SERVEFOSTER NEW COLLABORATIONS BETWEEN BUSINESSES AND THE COMMONWEALTH OF VIRGINIA UNIVERSITIES AND COLLEGES; GROW VIRGINIA'S COMPETITIVENESS FOR NEW BUSINESS INVESTMENTS, FEDERAL FUNDING AND JOB GROWTH.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $424,783

Program Service Revenue $0

Investment Income $14,075

Other Revenue $0

TOTAL REVENUE $438,858

Expense Breakdown

Grants Paid $33,000

Salaries & Benefits $68,566

Fundraising Expenses $0

Program Expenses $272,739

Other Expenses $233,315

TOTAL EXPENSES $334,881

Year-over-Year Comparison

	2024	2023	Change
Revenue	$438,858	$217,599	+1.0%
Expenses	$334,881	$193,817	+0.7%
Net Income	$103,977	$23,782	+3.4%

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

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR ALFRED GRASSO	PRESIDENT	5.00	Officer Director	$0	$0	$0
DR X J MENG	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MR DAVID ROOP	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DR JENNIFER WEST	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
DR JAMES AYLOR	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
DR ANTHONY J BEASLEY	DIRECTOR	1.00	Director	$0	$0	$0
DR BARBARA BOYAN	DIRECTOR	1.00	Director	$0	$0	$0
DR ROBERT CAREY	DIRECTOR	1.00	Director	$0	$0	$0
DR PATRICIA DOVE	DIRECTOR	1.00	Director	$0	$0	$0
DR ANTONIO ELIAS	DIRECTOR	1.00	Director	$0	$0	$0
DR ANITA JONES	DIRECTOR	1.00	Director	$0	$0	$0
DR ROBERT KAHN	DIRECTOR	1.00	Director	$0	$0	$0
DR ALEX KRIST	DIRECTOR	1.00	Director	$0	$0	$0
DR CHEN-CHING LIU	DIRECTOR	1.00	Director	$0	$0	$0
GENERAL LESTER L LYLES	DIRECTOR	1.00	Director	$0	$0	$0
DR ROBERT PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
MR THOMAS YOUNG	DIRECTOR	1.00	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
2025	$438,858	$334,881	$505,365	$103,977
2024	No data	No data	No data	No data
2023	$255,500	$213,260	$377,606	$42,240
2022	$325,767	$232,578	$335,366	$93,189
2021	$268,400	$185,631	$242,177	$82,769

VIRGINIA ACADEMY OF SCIENCE ENGINEERING AND MEDICINE INC