VIRGINIA COMMONWEALTH UNIVERSITY INTELLECTUAL PROPERTY FOUNDATION (EIN 541854399) - 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

1994

Legal Domicile

Principal Officer

DR IVELINA METCHEVA

Phone

8048285188

Tax Period

2024-07-01 to 2025-06-30

VIRGINIA COMMONWEALTH UNIVERSITY INTELLECTUAL PROPERTY FOUNDATION, founded in 1994, is a community nonprofit in the Medical Research sector that reported $2.5M in total revenue in fiscal year 2018. Expenses of $2.9M exceeded revenue, resulting in a 14% operating deficit.

Mission

VIRIGNIA COMMONWEALTH UNIVERSITY INTELLECTUAL PROPERTY FOUNDATION'S MISSION IS TO FOSTER A CULTURE OF INNOVATION AT VIRGINIA COMMONWEALTH UNIVERSITY (VCU) AND TO PROTECT AND COMMERCIALIZE INVENTIONS CREATED BY THE VCU RESEARCH ENTERPRISE FOR THE BENEFIT OF SOCIETY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $711,743

Program Service Revenue $3,197,659

Investment Income $36,990

Other Revenue $0

TOTAL REVENUE $3,946,392

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,968,655

Other Expenses $3,154,296

TOTAL EXPENSES $3,154,296

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,946,392	$3,349,198	+0.2%
Expenses	$3,154,296	$3,190,692	0.0%
Net Income	$792,096	$158,506	+4.0%

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

$250,801

Total Directors

$250,801

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR IVELINA S METCHEVA	PRESIDENT	40.00	Officer Director	$0	$36,870	$250,801
ANDREW WHITE	DIRECTOR	1.00	Director	$0	$0	$0
MR SPENCER WILLIAMSON	DIRECTOR	1.00	Director	$0	$0	$0
P SRIRAMA RAO	EX-OFFICIO	1.00	Director	$0	$0	$0
DR DALES JONES	DIRECTOR	1.00	Director	$0	$0	$0
DR REINHOLD BRAND	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD PELLEGRINO	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
2025	$3,946,392	$3,154,296	$6,341,219	$792,096
2024	$3,349,198	$3,190,692	$5,395,479	$158,506
2023	$2,808,546	$2,987,908	$4,758,542	$-179,362
2022	$3,452,341	$3,503,592	$4,582,975	$-51,251
2021	$2,855,474	$2,935,342	$4,910,012	$-79,868
2020	$2,442,400	$2,678,377	$4,538,318	$-235,977
2019	$2,548,417	$2,893,770	$4,240,527	$-345,353

VIRGINIA COMMONWEALTH UNIVERSITY INTELLECTUAL PROPERTY FOUNDATION