VIRGINIA BIOTECHNOLOGY RESEARCH PARK ACTIVATION CAPITAL (EIN 541640716) - 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

1992

Legal Domicile

Principal Officer

CHANDRA BRIGGMAN

Phone

8048280963

Tax Period

2022-07-01 to 2023-06-30

VIRGINIA BIOTECHNOLOGY RESEARCH PARK, founded in 1992, is a small nonprofit in the Community Improvement sector that reported $239K in total revenue in fiscal year 2017. Revenue surged 74% from the prior year, signaling strong growth momentum. Expenses of $340K exceeded revenue, resulting in a 42% operating deficit.

Mission

VIRGINIA BIOTECHNOLOGY RESEARCH PARK (THE ACTIVATION COUNCIL), AS AN ANCHOR FOR THE KNOWLEDGE-BASED COMMUNITY , WILL PROVIDE THE LEADERSHIP AND VISION TO THE RICHMOND REGIONAL INNOVATION ECOSYSTEM WITH A WILLINGNESS TO INVENT, TAKE AND MANAGE RISKS, AND SHARE CREDIT FOR SUCCESS.

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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 $1,317,868

Program Service Revenue $0

Investment Income $5,268

Other Revenue $0

TOTAL REVENUE $1,323,136

Expense Breakdown

Grants Paid $0

Salaries & Benefits $559,695

Fundraising Expenses $0

Program Expenses $1,703,777

Other Expenses $1,220,665

TOTAL EXPENSES $1,780,360

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,323,136	$1,876,994	-0.3%
Expenses	$1,780,360	$1,403,898	+0.3%
Net Income	$-457,224	$473,096	-2.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHANDRA BRIGGMAN	CEO	10.00	Officer Director	$0	$0	$0
ROBERT KLEIN	DIRECTOR	0.17	Director	$0	$0	$0
MICHAEL RAO	CHAIR	0.33	Officer Director	$0	$0	$0
JENNIFER FINN	VICE-CHAIR	0.17	Officer Director	$0	$0	$0
JOHN A VITHOULKAS	SECRETARY	0.17	Officer Director	$0	$0	$0
KAREN BOOTH ADAMS	DIRECTOR	0.17	Director	$0	$0	$0
BRIAN ANDERSON	DIRECTOR	0.17	Director	$0	$0	$0
THE HON CAREN MERRICK	DIRECTOR	0.17	Director	$0	$0	$0
JOHN BUDESKY	DIRECTOR	0.17	Director	$0	$0	$0
DR JOSHEPH P CASEY	DIRECTOR	0.17	Director	$0	$0	$0
ELIZABETH CREAMER	DIRECTOR	0.17	Director	$0	$0	$0
ERIN POWELL	DIRECTOR / EXECUTIVE DIREC	40.00	Officer Director	$0	$0	$0
P SRIRAMA RAO	DIRECTOR	0.17	Director	$0	$0	$0
LISA SIMS	DIRECTOR	0.17	Director	$0	$0	$0
THE HON LEVAR STONEY	DIRECTOR	0.17	Director	$0	$0	$0
RICHARD WINTSCH	DIRECTOR	0.17	Director	$0	$0	$0
GARRET WESTLAKE	DIRECTOR	0.17	Director	$0	$0	$0
PAUL NOLDE	TREASURER	0.17	Officer	$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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,323,136	$1,780,360	$2,628,517	$-457,224
2022	$1,876,994	$1,403,898	$1,634,872	$473,096
2021	$1,173,848	$809,922	$854,720	$363,926
2020	$1,305,801	$961,560	$609,829	$344,241
2019	$940,631	$812,345	$399,823	$128,286
2018	$239,093	$340,481	$136,003	$-101,388

VIRGINIA BIOTECHNOLOGY RESEARCH PARK ACTIVATION CAPITAL