RICHMOND VIRGINIA INTERNET EXCHANGE INC

EIN: 472087158

ASHLAND, VA

Total Revenue
$89,910
Total Expenses
$91,482
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
VA
Principal Officer
SCOTT K BROWN
Phone
8045370096
Tax Period
2021-01-01 to 2021-12-31

RICHMOND VIRGINIA INTERNET EXCHANGE INC, founded in 2014, is a micro nonprofit that reported $90K in total revenue in fiscal year 2021. Revenue decreased 7% compared to the prior year.

Mission

THE ORGANIZATION THROUGH ITS VOLUNTEERS OPERATES AN INTERNET EXCHANGE POINT IN HANOVER COUNTY, VIRGINIA. AN INTERNET EXCHANGE POINT (IXP) IS A PHYSICAL INFRASTRUCTURE THAT ALLOWS DIFFERENT INTERNET SERVICE PROVIDERS (ISPS) TO EXCHANGE INTERNET TRAFFIC BETWEEN THEIR NETWORKS BY MEANS OF MUTUAL PEERING ARRANGEMENTS, WHICH ALLOW TRAFFIC TO BE EXCHANGED WITHOUT COST OR AT LOW COST. IXPS REDUCE THE PORTION OF AN ISP'S TRAFFIC WHICH MUST BE DELIVERD VIA THEIR UPSTREAM TRANSIT PROVIDERS, THEREBY REDUCING THE COST OF THEIR SERVICE. IN ADDITION, THE INCREASED NUMBER OF PATHS LEARNED THROUGH THE IXP IMPROVES ROUTING EFFICIENCY AND FAULT TOLERANCE, THUS PROVIDING A DIRECT BENEFIT TO THE CONSUMERS THAT RECEIVE INTERNET SERVICE FROM THE PARTICIPATING ISPS. THE ORGANIZATION WELCOMES AS MEMBERS ALL LEGAL ENTITY TYPES: GOVERNMENT, NON-GOVERNMENT, EDUCATIONAL, FOR-PROFIT, NON-PROFIT, ETC.

Program Service Accomplishments

Program 1
Expenses: $91,482 Revenue: $51,979

THE PROGRAM IS DESIGNED TO CONNECT CONSUMERS TO THE INTERNET EXCHANGE TO IMPROVE THE QUALITY AND LATENCY IN TRAFFIC ROUTING AND REDUCE THEIR OPERATING COSTS.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $37,931
Program Service Revenue $0
Investment Income $51,979
Other Revenue $0
TOTAL REVENUE $89,910

Expense Breakdown

Grants Paid $15,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $91,482
Other Expenses $76,482
TOTAL EXPENSES $91,482

Year-over-Year Comparison

2021 2020 Change
Revenue $89,910 $96,575 -0.1%
Expenses $91,482 $97,320 -0.1%
Net Income $-1,572 $-745 +1.1%
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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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
14

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
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JON LARSEN PRESIDENT 2.00
Officer Director
$0 $0 $0
SCOTT COONFIELD TREASURER 1.00
Officer Director
$0 $0 $0
SCOTT K BROWN VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
EDWIN GASKIN BOARD MEMBER 1.00
Director
$0 $0 $0
JON WELCHEL BOARD MEMBER 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
2021 $89,910 $91,482 No data $-1,572
2020 $96,575 $97,320 $1,572 $-745
2019 $91,846 $108,428 $2,317 $-16,582
2018 $87,542 $84,115 $18,899 $3,427
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