HERNDON, VA
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)VIRGINIA INNOVATION PARTNERSHIP CORPORATION, founded in 1984, is a mid-sized nonprofit in the Science & Technology sector that reported $34.8M in total revenue in fiscal year 2022. Revenue surged 53% from the prior year, signaling strong growth momentum. Net assets of $69.9M represent 24 months of operating reserves.
VIPC GROWS AND DIVERSIFIES VIRGINIA'S ECONOMY BY INVESTING IN AND ACCELERATING INNOVATION COMMERCIALIZATION AND ENTREPRENEURSHIP.
VIRGINIA VENTURE PARTNERS (VVP) PLACES EQUITY INVESTMENTS IN EARLY STAGE SCIENCE & TECH BASED COMPANIES. SINCE ITS 2005 INCEPTION, THE VVP PROGRAM HAS INVESTED 51.7M IN 305 COMPANIES ACROSS THE...
VIRGINIA VENTURE PARTNERS (VVP) PLACES EQUITY INVESTMENTS IN EARLY STAGE SCIENCE & TECH BASED COMPANIES. SINCE ITS 2005 INCEPTION, THE VVP PROGRAM HAS INVESTED 51.7M IN 305 COMPANIES ACROSS THE COMMONWEALTH. VVP INVESTMENTS HAVE ATTRACTED 1.94B IN PRIVATE CAPITAL. PROGRAM REVENUE CONSISTS OF PROCEEDS ON LIQUIDATED INVESTMENTS. ADDITIONALLY, FUNDING FROM THE STATE SMALL BUSINESS CREDIT INITIATIVE (SSBCI) PROGRAM, UNDER THE U.S. DEPARTMENT OF TREASURY, WAS PROVIDED TO ACCELERATE THE FORMATION AND GROWTH OF ENTREPRENEURIAL BUSINESSES ACROSS THE COMMONWEALTH. APPROXIMATELY 173M OF SSBCI FUNDING WILL BE ALLOCATED TO VIPC OVER 10 YEARS, VIPC RECEIVED 18.1M IN FUNDS IN FY2023 (THE FIRST YEAR OF THE PROGRAM).
THE COMMONWEALTH COMMERCIALIZATION FUND (CCF) DRIVES ECONOMIC GROWTH BY PROVIDING GRANT FUNDING FOR INNOVATIVE TECHNOLOGY RESEARCH, DEVELOPMENT, AND COMMERCIALIZATION IN VIRGINIA. IN TOTAL, MORE THAN...
THE COMMONWEALTH COMMERCIALIZATION FUND (CCF) DRIVES ECONOMIC GROWTH BY PROVIDING GRANT FUNDING FOR INNOVATIVE TECHNOLOGY RESEARCH, DEVELOPMENT, AND COMMERCIALIZATION IN VIRGINIA. IN TOTAL, MORE THAN 53M HAS BEEN AWARDED TO 595 PROJECTS. SINCE THE PROGRAM'S INCEPTION, AWARDEES HAVE REPORTED MORE THAN 970M IN FOLLOW-ON FUNDING AND MORE THAN 1.13B IN GENERATED REVENUE.
UNDER VIPC'S CONTRACT WITH THE US DEPARTMENT OF HOMELAND SECURITY SCIENCE AND TECHNOLOGY DIRECTORATE IS THE SMART CITY IOT INNOVATION (SCITI LABS) COMMERCIAL FIRST INNOVATION PROGRAM. KEY PRIORITES...
UNDER VIPC'S CONTRACT WITH THE US DEPARTMENT OF HOMELAND SECURITY SCIENCE AND TECHNOLOGY DIRECTORATE IS THE SMART CITY IOT INNOVATION (SCITI LABS) COMMERCIAL FIRST INNOVATION PROGRAM. KEY PRIORITES INCLUDE DETECTION OF ENVIRONMENTAL THREATS, SMART BUILDINGS AND COMMUNITIES AND OTHER PUBLIC SAFETY RELATED TECHNOLOGIES. SCITI LABS HAS STRATEGICALLY POSITIONED THE COMMONWEALTH OF VIRGINIA TO ASSUME A NATIONAL LEADERSHIP ROLE IN THE PUBLIC SAFETY DOMAIN AS IT EVOLVES TO FACE THE NEW OPPORTUNITIES AND CHALLENGES. OTHER STRATEGIC INITIATIVES INCLUDE: SMART COMMUNITIES, PARTNERSHIPS WITH OTHER COMMONWEALTH AGENCIES, AND THE PUBLIC SAFETY INNOVATION CENTER.
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%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $34,793,623 | $22,793,161 | +0.5% |
| Expenses | $38,026,082 | $25,978,938 | +0.5% |
| Net Income | $-3,232,459 | $-3,185,777 | +0.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| BOB STOLLE | PRESIDENT & | 40.00 |
Officer
|
$303,313 | $57,876 | $361,189 |
| TOM WEITHMAN | CIO & VP | 40.00 |
Key Emp
|
$285,924 | $66,002 | $351,926 |
| DAVE IHRIE | CHIEF TECH O | 40.00 |
Key Emp
|
$257,009 | $52,320 | $309,329 |
| SUSAN AITCHESON | CFO | 40.00 |
Officer
|
$243,440 | $40,798 | $284,238 |
| MARCO RUBIN | DIR, INVESTM | 40.00 |
Highest
|
$205,650 | $50,283 | $255,933 |
| SEAN MALLON | VP COMMERCIA | 40.00 |
Key Emp
|
$209,608 | $36,797 | $246,405 |
| CONAWAY HASKINS | VP, ENTREPRE | 40.00 |
Highest
|
$180,920 | $53,532 | $234,452 |
| ANGELA COSTELLO | VP, COMM & M | 40.00 |
Highest
|
$181,518 | $43,476 | $224,994 |
| ALEX EULER | DIR, INVESTM | 40.00 |
Highest
|
$162,253 | $41,236 | $203,489 |
| JEN O'DANIEL | DIR, INVESTM | 40.00 |
Highest
|
$170,551 | $32,194 | $202,745 |
| MONIQUE ADAMS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BARBARA BOYAN | CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| RICHARD HALL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ANDREW KO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRIS LONG | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| HONORABLE CAREN MERRICK | VICE CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| ROB QUARTEL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PAULA SORRELL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| 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 | $34,793,623 | $38,026,082 | $85,819,315 | $-3,232,459 |
| 2022 | $22,793,161 | $25,978,938 | $75,363,860 | $-3,185,777 |
| 2021 | $76,061,606 | $21,650,254 | $80,085,835 | $54,411,352 |
Compare VIRGINIA INNOVATION PARTNERSHIP CORPORATION with other nonprofits in Virginia and across the country.