VIRGINIA TECH FOUNDATION INC (EIN 540721690) - 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

1948

Legal Domicile

Principal Officer

ANNE KEELER

Phone

5402315751

Tax Period

2022-07-01 to 2023-06-30

VIRGINIA TECH FOUNDATION INC, founded in 1948, is a major nonprofit in the Education sector that reported $227.2M in total revenue in fiscal year 2017. The organization ran a surplus of $90.6M, a strong 40% operating margin.

Mission

VIRGINIA TECH FOUNDATION, INC. (VTF) IS A NONSTOCK CORPORATION ESTABLISHED IN 1948 FOR THE SOLE PURPOSE OF MANAGING VIRGINIA TECH'S ENDOWMENT AND REAL ESTATE PORTFOLIO, NOW VALUED AT $2.8 BILLION. VTF EXISTS AND OPERATES AS A SEPARATE, INDEPENDENT ENTITY WITH ITS OFFICERS AND GOVERNING BOARD-MANAGING, INVESTING, AND DISTRIBUTING PRIVATE RESOURCES TO ADVANCE VIRGINIA TECH'S MISSION AND ITS STRATEGIC PROPRIETIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $134,749,837

Program Service Revenue $17,651,437

Investment Income $40,087,191

Other Revenue $29,772,312

TOTAL REVENUE $222,260,777

Expense Breakdown

Grants Paid $39,513,978

Salaries & Benefits $8,622,875

Fundraising Expenses $19,267,335

Program Expenses $133,712,921

Other Expenses $121,359,526

TOTAL EXPENSES $169,496,379

Year-over-Year Comparison

	2022	2021	Change
Revenue	$222,260,777	$317,072,936	-0.3%
Expenses	$169,496,379	$201,452,391	-0.2%
Net Income	$52,764,398	$115,620,545	-0.5%

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

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

$2,401,160

Total Directors

$3,033,654

Key Employees

$1,634,893

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MS STARLETTE B JOHNSON	CHAIR	2.00	Officer Director	$0	$0	$0
MR CHARLES D PHLEGAR	BOARD MEMBER-EX OFFICIO	2.00	Officer Director	$0	$119,134	$971,301
MR EDWARD H BAINE	BOARD MEMBER	2.00	Director	$0	$0	$0
MR OMAR M ASALI	BOARD MEMBER	2.00	Director	$0	$0	$0
MR CHRISTOPHER J BRIGHTMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
MS MARGARET L CALLAHAN	BOARD MEMBER	2.00	Director	$0	$0	$0
MR NATHAN T LAVINKA	BOARD MEMBER-EX OFFICIO	2.00	Director	$0	$0	$0
MR KEVIN T CROFTON	BOARD MEMBER	2.00	Director	$0	$0	$0
MR STEPHEN T MASON	BOARD MEMBER	2.00	Director	$0	$0	$0
MR GREGORY C GODSEY	BOARD MEMBER	2.00	Director	$0	$0	$0
MR DONALD DON B HALLIWILL	BOARD MEMBER	2.00	Director	$0	$0	$0
MR JAMES G PETRINE	BOARD MEMBER-EX OFFICIO	2.00	Director	$0	$0	$0
MS TRACI J DESHAZOR	BOARD MEMBER	2.00	Director	$0	$0	$0
MR J BENJAMIN DOUGHTIE	BOARD MEMBER	2.00	Director	$0	$0	$0
DR AMY S SEBRING	BOARD MEMBER-EX OFFICIO	2.00	Director	$0	$13,860	$178,577
MR W LAKE WAGNER	BOARD MEMBER	2.00	Director	$0	$0	$0
COMMANDER MICHAEL E MELO	BOARD MEMBER	2.00	Director	$0	$0	$0
MR ROGER H MOORE	BOARD MEMBER	2.00	Director	$0	$0	$0
MR MARTY MUSCATELLO	BOARD MEMBER	2.00	Director	$0	$0	$0
MR WILLIAM N PARK	VICE CHAIR	2.00	Director	$0	$0	$0
MS RENAE C PEARSON	BOARD MEMBER	2.00	Director	$0	$0	$0
DR TIMOTHY D SANDS	BOARD MEMBER-EX OFFICIO	2.00	Director	$0	$264,030	$1,082,991
MS SHIRISH S SATHAYE	BOARD MEMBER	2.00	Director	$0	$0	$0
MR CHRISTOPHER M QUILLEN	BOARD MEMBER	2.00	Director	$0	$0	$0
MR RICHARD R WHITT III	BOARD MEMBER	2.00	Director	$0	$0	$0
MS JACQUELINE L ARCHER	BOARD MEMBER	2.00	Director	$0	$0	$0
MR J RYAN LINGERFELT	BOARD MEMBER	2.00	Director	$0	$0	$0
MS LAILA N ROSSI	BOARD MEMBER	2.00	Director	$0	$0	$0
MR JAMES N STRAWBRIDGE	BOARD MEMBER	2.00	Director	$0	$0	$0
MR GREGORY C THOMPSON	BOARD MEMBER	2.00	Director	$0	$0	$0
MR CHRISTOPHER W SHEAN	BOARD MEMBER	2.00	Director	$0	$0	$0
MS TERRI T MITCHELL	SECRETARY	40.00	Officer Director	$270,149	$57,279	$327,428
MR CHRIS KIWUS	BOARD MEMBER-EX OFFICIO	2.00	Officer Director	$0	$45,230	$473,357
MS LETITIA A LONG	BOARD MEMBER-EX OFFICIO	2.00	Director	$0	$0	$0
MR SUMEET V SINGH	BOARD MEMBER	2.00	Director	$0	$0	$0
ELIZABETH A MCCLANAHAN	CHIEF EXECUTIVE OFFICER	30.00	Officer	$595,000	$34,074	$629,074
MR JOHN J CUSIMANO	AVP - TERM. JULY 2022	2.00	Key Emp	$61,186	$22,555	$369,302
MR DANIEL WARD	AVP - TERM. JUNE 2023	40.00	Key Emp	$1,203,824	$61,767	$1,265,591
MS CATHERINE POTTER	AVP/GENERAL COUNSEL-TERM. JAN. 2023	40.00	Highest	$234,149	$38,822	$272,971

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$222,260,777	$169,496,379	$2,846,142,047	$52,764,398
2022	$317,072,936	$201,452,391	$2,672,087,433	$115,620,545
2021	$338,678,106	$114,591,621	$2,705,348,340	$224,086,485
2020	$221,999,686	$139,214,097	$2,253,132,781	$82,785,589
2019	$233,401,085	$131,820,737	$2,098,062,269	$101,580,348
2018	$227,169,734	$136,584,840	$1,882,118,387	$90,584,894

VIRGINIA TECH FOUNDATION INC