VIRGINIA BIOTECHNOLOGY ASSOCIATION

EIN: 541644709 Community Improvement

RICHMOND, VA

Total Revenue
$1,198,368
Total Expenses
$1,186,187
Total Assets
$509,496
Net Assets
$429,476
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
VA
Principal Officer
JOHN NEWBY
Phone
8046436360
Tax Period
2022-07-01 to 2023-06-30

VIRGINIA BIOTECHNOLOGY ASSOCIATION, founded in 1992, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2022. Revenue surged 65% from the prior year, signaling strong growth momentum.

Mission

TO PROMOTE INNOVATION AND GROWTH THROUGH STRENGTHENED NETWORKS; ADVOCACY; CAPITAL INVESTMENT; TALENT ATTRACTION, DEVELOPMENT AND RETENTION; AND ADVANCING THE NEXT GENERATION OF LEADERS.

Program Service Accomplishments

Program 1
Expenses: $44,852

IN SEPTEMBER 2022, VIRGINIA BIO HOSTED THE 7TH ANNUAL WOMEN BUILDING BIO CONFERENCE IN PERSON ON THE CAMPUS OF OLD DOMINION UNIVERSITY. OVER 125 PEOPLE ATTENDED THIS FULL DAY CONFERENCE LED BY...

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IN SEPTEMBER 2022, VIRGINIA BIO HOSTED THE 7TH ANNUAL WOMEN BUILDING BIO CONFERENCE IN PERSON ON THE CAMPUS OF OLD DOMINION UNIVERSITY. OVER 125 PEOPLE ATTENDED THIS FULL DAY CONFERENCE LED BY VIRGINIA WOMEN DESIGNED TO CREATE NEW AND PRODUCTIVE COLLABORATIONS AMONG LEADING WOMEN AND MEN IN RESEARCH AND INDUSTRY IN VIRGINIA AND THE REGION.

Program 2
Expenses: $43,089

IN JANUARY 2023, VIRGINIA BIO HOSTED THE VIRGINIA RECEPTION AT THE JPMORGAN HEALTHCARE CONFERENCE AT THE MARK HOPKINS IN SAN FRANCISCO. THIS EVENT HOSTED VIRGINIA INDUSTRY LEADERS, EMERGING...

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IN JANUARY 2023, VIRGINIA BIO HOSTED THE VIRGINIA RECEPTION AT THE JPMORGAN HEALTHCARE CONFERENCE AT THE MARK HOPKINS IN SAN FRANCISCO. THIS EVENT HOSTED VIRGINIA INDUSTRY LEADERS, EMERGING FAST-GROWTH COMPANIES, INNOVATIVE TECHNOLOGY CREATORS, MEMBERS OF THE INVESTMENT COMMUNITY AND VIRGINIA RESEARCH UNIVERSITIES DOING CUTTING EDGE RESEARCH. WE ALSO PROVIDED MEETING SPACE FOR MEMBERS DURING THE CONFERENCE.

Program 3
Expenses: $25,963

THE ASSOCIATION CONTINUES TO SPONSOR FREQUENT NETWORKING PROGRAMS FOR THE LIFE SCIENCE PROFESSIONALS. THESE EVENTS INCLUDED A LUNCHEON LECTURE SERIES (BOTH IN PERSON AND VIRTUAL) AND YOUNG...

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THE ASSOCIATION CONTINUES TO SPONSOR FREQUENT NETWORKING PROGRAMS FOR THE LIFE SCIENCE PROFESSIONALS. THESE EVENTS INCLUDED A LUNCHEON LECTURE SERIES (BOTH IN PERSON AND VIRTUAL) AND YOUNG PROFESSIONAL NETWORKING EVENTS (BIOTECH & BEERS).

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $558,346
Program Service Revenue $572,065
Investment Income $37,079
Other Revenue $30,878
TOTAL REVENUE $1,198,368

Expense Breakdown

Grants Paid $0
Salaries & Benefits $554,585
Fundraising Expenses $0
Program Expenses $113,904
Other Expenses $631,602
TOTAL EXPENSES $1,186,187

Year-over-Year Comparison

2022 2021 Change
Revenue $1,198,368 $728,390 +0.6%
Expenses $1,186,187 $948,407 +0.3%
Net Income $12,181 $-220,017 -1.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
28
Independent Members
28
Employees
3
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
7
$214,755
Total Directors
28
$214,755
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENISE TONEY DIRECTOR 0.25
Director
$0 $0 $0
KOLALEH ESKANDANIAN DIRECTOR 0.25
Director
$0 $0 $0
MICHAEL PERHAM DIRECTOR 0.25
Director
$0 $0 $0
SCOTT MEZA LEGAL COUNSEL 0.25
Officer Director
$0 $0 $0
GERRY BRUNK DIRECTOR 0.25
Director
$0 $0 $0
CARY CLAIBORNE DIRECTOR 0.25
Director
$0 $0 $0
ELAINE HORN-RANNEY SECRETARY 1.25
Officer Director
$0 $0 $0
JESSICA FOLEY DIRECTOR 0.25
Director
$0 $0 $0
JOHN HART DIRECTOR 0.25
Officer Director
$0 $0 $0
ROSS DUNLAP CHAIRMAN 1.25
Officer Director
$0 $0 $0
CONAWAY HASKINS DIRECTOR 0.25
Director
$0 $0 $0
CARRIE ROTH TREASURER 1.25
Officer Director
$0 $0 $0
WARREN MARTIN DIRECTOR 0.25
Director
$0 $0 $0
JOHN NEWBY CHIEF EXECUTIVE OFFICER 40.00
Officer Director
$214,755 $0 $214,755
JOHN PARIS JR DIRECTOR 0.25
Director
$0 $0 $0
AMRIE GRAMMER DIRECTOR 0.25
Director
$0 $0 $0
RONY THOMAS DIRECTOR 0.25
Director
$0 $0 $0
ERIC PARADISE DIRECTOR 0.25
Director
$0 $0 $0
JEFF POMPEO VICE CHAIR 1.25
Officer Director
$0 $0 $0
KYPARISSIA SIRINAKIS DIRECTOR 0.25
Director
$0 $0 $0
ROBERT DAY DIRECTOR 0.25
Director
$0 $0 $0
CRAIG GILL DIRECTOR 0.25
Director
$0 $0 $0
GARY WARREN DIRECTOR 0.25
Director
$0 $0 $0
NIKKI HASTINGS DIRECTOR 0.25
Director
$0 $0 $0
SCOTT LOWMAN DIRECTOR 0.25
Director
$0 $0 $0
WILL MAULDIN DIRECTOR 0.25
Director
$0 $0 $0
PAYAM POURTAHERI DIRECTOR 0.25
Director
$0 $0 $0
JAMES RAMEY DIRECTOR 0.25
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $1,198,368 $1,186,187 $509,496 $12,181
2022 $728,390 $948,407 $591,880 $-220,017
2021 $690,493 $634,603 $791,688 $55,890
2020 $709,257 $725,352 $637,958 $-16,095
2019 $877,989 $813,802 $662,434 $64,187
2018 $668,347 $667,348 $580,919 $999
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