VIRGINIA TECH INTELLECTUAL PROPERTIES INC (EIN 541323858) - 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

1985

Legal Domicile

Principal Officer

GRANT BREWER

Phone

5402311231

Tax Period

2023-07-01 to 2024-06-30

VIRGINIA TECH INTELLECTUAL PROPERTIES INC, founded in 1985, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2017. Expenses of $2.7M left a modest 7% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO PROMOTE SCIENTIFIC RESEARCH BY THE FACULTY, STAFF, AND STUDENTS SOLELY FOR THE BENEFIT OF VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $845,205

Program Service Revenue $3,674,997

Investment Income $69,336

Other Revenue $0

TOTAL REVENUE $4,589,538

Expense Breakdown

Grants Paid $845,205

Salaries & Benefits $232,899

Fundraising Expenses $0

Program Expenses $3,505,170

Other Expenses $2,875,298

TOTAL EXPENSES $3,953,402

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,589,538	$3,898,747	+0.2%
Expenses	$3,953,402	$3,436,633	+0.2%
Net Income	$636,136	$462,114	+0.4%

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

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

$860,066

Total Directors

$1,412,542

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR DANIEL SUI	CHAIR	1.00	Officer Director	$0	$60,796	$534,919
JUSTICE ELIZABETH A MCCLANAHAN	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
DR BRETT MALONE	DIRECTOR	1.00	Director	$0	$0	$0
KEN MILLER	DIRECTOR	1.00	Director	$0	$71,292	$447,419
JAMES RAMEY	DIRECTOR	1.00	Director	$0	$0	$0
ARTHUR SPIVY	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT BERTIN	DIRECTOR	1.00	Director	$0	$0	$0
DR VINOD CHACHRA	DIRECTOR	1.00	Director	$0	$0	$0
NELSON CHU	DIRECTOR	1.00	Director	$0	$0	$0
DR X J MENG	DIRECTOR	1.00	Director	$0	$68,231	$430,204
JOHN NEWBY	DIRECTOR	1.00	Director	$0	$0	$0
DR JENNIFER REYNOLDS	DIRECTOR	1.00	Director	$0	$0	$0
BRANDY SALMON	PRESIDENT	1.00	Officer	$0	$44,463	$325,147

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	$4,589,538	$3,953,402	$4,046,203	$636,136
2023	$3,898,747	$3,436,633	$3,574,255	$462,114
2022	$3,370,644	$3,141,992	$2,751,745	$228,652
2021	$3,037,241	$2,743,182	$2,147,885	$294,059
2020	$2,887,852	$2,809,597	$1,734,504	$78,255
2019	$3,045,597	$2,998,011	$1,201,068	$47,586
2018	$2,944,778	$2,725,372	$1,063,451	$219,406

VIRGINIA TECH INTELLECTUAL PROPERTIES INC