GREATER RICHMOND TECHNOLOGY COUNCIL

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Principal Officer

NICK SERFASS

Phone

8046550896

Tax Period

2023-01-01 to 2023-12-31

GREATER RICHMOND TECHNOLOGY COUNCIL, founded in 1995, is a small nonprofit in the Community Improvement sector that reported $912K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.1M exceeded revenue, resulting in a 20% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO PROMOTE THE SUCCESS OF TECHNOLOGY COMPANIES AND THE GROWTH OF THE TECHNOLOGY SECTOR WITHIN THE CENTRAL VIRGINIA ECONOMY.

Program Service Accomplishments

Program 1

Expenses: $141,435 Revenue: $236,099

THE AWARDS GALA IS RVATECH/'S PREMIER ANNUAL EVENT. IT IS A CHANCE FOR THE TECHNOLOGY COMMUNITY TO CELEBRATE THE SUCCESSES OVER THE LAST YEAR AND ACKNOWLEDGE TECHNOLOGY LEADERS THAT ENHANCE NOT JUST RICHMOND'S TECHNOLOGY COMMUNITY, BUT THE GREATER RICHMOND COMMUNITY AS A WHOLE. RVATECH/ HELD ITS 27TH ANNUAL TECHNOLOGY AWARDS GALA IN OCTOBER, HONORING SEVERAL LOCAL ORGANIZATIONS AND INDIVIDUALS THAT ARE ACTIVELY HELPING ADVANCE CENTRAL VIRGINIA'S TECHNOLOGY-BASED ECONOMY.

Program 2

Expenses: $61,325 Revenue: $95,084

IN OCTOBER, RVATECH/ HOSTED THE WOMEN IN TECHNOLOGY CONFERENCE, VIRGINIA'S PREMIER CONFERENCE ON WOMEN IN TECHNOLOGY. THE CONFERENCE BRINGS TOGETHER TECHNOLOGY PROFESSIONALS TO LEARN, NETWORK, AND...

IN OCTOBER, RVATECH/ HOSTED THE WOMEN IN TECHNOLOGY CONFERENCE, VIRGINIA'S PREMIER CONFERENCE ON WOMEN IN TECHNOLOGY. THE CONFERENCE BRINGS TOGETHER TECHNOLOGY PROFESSIONALS TO LEARN, NETWORK, AND COLLABORATE ON ISSUES AND OPPORTUNITIES FACING WOMEN IN TECHNOLOGY.

Program 3

Expenses: $35,076 Revenue: $94,625

IN MARCH, RVATECH/ HOSTED THE DATA SCIENCE SUMMIT, A CONFERENCE FOCUSED ON DATA SCIENCE, MACHINE LEARNING, AND ARTIFICIAL INTELLIGENCE. IT WAS HELD AT THE SCIENCE MUSEUM OF VIRGINIA AND SAW AN...

IN MARCH, RVATECH/ HOSTED THE DATA SCIENCE SUMMIT, A CONFERENCE FOCUSED ON DATA SCIENCE, MACHINE LEARNING, AND ARTIFICIAL INTELLIGENCE. IT WAS HELD AT THE SCIENCE MUSEUM OF VIRGINIA AND SAW AN ATTENDANCE OF OVER 500. THE CONFERENCE BRINGS TOGETHER TECHNOLOGY PROFESSIONALS TO LEARN, NETWORK, AND COLLABORATE ON ISSUES AND OPPORTUNITIES WITHIN THE DATA SCIENCE SECTOR.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $582,800

Program Service Revenue $334,932

Investment Income $381

Other Revenue $-5,877

TOTAL REVENUE $912,236

Expense Breakdown

Grants Paid $0

Salaries & Benefits $434,898

Fundraising Expenses $0

Program Expenses $1,091,449

Other Expenses $656,553

TOTAL EXPENSES $1,091,451

Year-over-Year Comparison

	2023	2022	Change
Revenue	$912,236	$838,239	+0.1%
Expenses	$1,091,451	$884,183	+0.2%
Net Income	$-179,215	$-45,944	+2.9%

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

100

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

$189,242

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY LYNNE STAIB	CHAIR	1.00	Officer Director	$0	$0	$0
IAN TYNDALL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JASON DUFNER	TREASURER	1.00	Officer Director	$0	$0	$0
JESSICA ALLISON	SECRETARY	1.00	Officer Director	$0	$0	$0
MEGHAN HOLT	MEMBERSHIP C	1.00	Officer Director	$0	$0	$0
TWANN ATKINS	POLICY CHAIR	1.00	Officer Director	$0	$0	$0
NICK SERFASS	CHIEF EXEC.	40.00	Director	$183,730	$5,512	$189,242
AARON MATHES	DIRECTOR	1.00	Director	$0	$0	$0
ADAM FOLDENAUER	DIRECTOR	1.00	Director	$0	$0	$0
ALEX TULCHINSKY	DIRECTOR	1.00	Director	$0	$0	$0
AMBER TILLMAN	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA GOULET	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA HOLLINGSWORTH	DIRECTOR	1.00	Director	$0	$0	$0
COURTNEY TOTTEN	DIRECTOR	1.00	Director	$0	$0	$0
DIANE SCHNUPP	DIRECTOR	1.00	Director	$0	$0	$0
GAURAV CHAWLA	DIRECTOR	1.00	Director	$0	$0	$0
GORDON KELLY	DIRECTOR	1.00	Director	$0	$0	$0
HEIDI COOK	DIRECTOR	1.00	Director	$0	$0	$0
HENRY RICHIE	DIRECTOR	1.00	Director	$0	$0	$0
HUNTER SHOMO	DIRECTOR	1.00	Director	$0	$0	$0
JAY ATKINSON	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER FAGAN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN BARRAR	DIRECTOR	1.00	Director	$0	$0	$0
JOHNATHAN BARTEE	DIRECTOR	1.00	Director	$0	$0	$0
LORI JENNINGS	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE MATTHEWS	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK CUSHING	DIRECTOR	1.00	Director	$0	$0	$0
RYAN EMMONS	DIRECTOR	1.00	Director	$0	$0	$0
ROHANA MEADE	DIRECTOR	1.00	Director	$0	$0	$0
SAM NIXON	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT MCAULIFFE	DIRECTOR	1.00	Director	$0	$0	$0
SEAN MOORE	DIRECTOR	1.00	Director	$0	$0	$0
SONNY GUPTA	DIRECTOR	1.00	Director	$0	$0	$0
VIDA WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
TOM ARRUDA	DIRECTOR	1.00	Director	$0	$0	$0
TOM CARR	DIRECTOR	1.00	Director	$0	$0	$0
TUCKER MAHAN	DIRECTOR	1.00	Director	$0	$0	$0
KELLEY MCCALL	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN BASSET	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
2024	No data	No data	No data	No data
2023	$912,236	$1,091,451	$626,480	$-179,215
2022	$838,239	$884,183	$790,883	$-45,944
2021	$845,384	$672,935	$671,404	$172,449
2020	$703,929	$651,060	$565,654	$52,869
2019	$839,157	$725,977	$380,861	$113,180
2018	$632,449	$626,087	$198,672	$6,362