CHARLOTTESVILLE BUSINESS INNOVATION COUNCIL (EIN 541900292) - 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

1997

Legal Domicile

Phone

4342425886

Tax Period

2023-07-01 to 2024-06-30

CHARLOTTESVILLE BUSINESS INNOVATION COUNCIL, founded in 1997, is a small nonprofit in the Community Improvement sector that reported $274K in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum.

Mission

THE CHARLOTTESVILLE BUSINESS INNOVATION COUNCIL'S (CBIC) MISSION IS TO EDUCATE, CELEBRATE, AND ADVOCATE FOR CHARLOTTESVILLE, VIRGINIA'S TECHNOLOGY COMMUNITY AND TO ACCELERATE TECHNOLOGY INNOVATION AND ENTREPRENEURSHIP IN THE REGION.

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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 $98,684

Program Service Revenue $174,687

Investment Income $48

Other Revenue $654

TOTAL REVENUE $274,073

Expense Breakdown

Grants Paid $0

Salaries & Benefits $76,667

Fundraising Expenses $0

Program Expenses $226,018

Other Expenses $195,947

TOTAL EXPENSES $272,614

Year-over-Year Comparison

	2023	2022	Change
Revenue	$274,073	$193,710	+0.4%
Expenses	$272,614	$200,029	+0.4%
Net Income	$1,459	$-6,319	-1.2%

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

$76,667

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN RITTER	CHAIRMAN	0.00	Officer Director	$0	$0	$0
SHERRY GRAY	VICE CHAIRMAN	0.00	Officer Director	$0	$0	$0
HOPE MCCUTCHEON	SECRETARY	0.00	Officer Director	$0	$0	$0
DAVID DEATON	DIRECTOR	0.00	Director	$0	$0	$0
ANDREW STOCKMENT	DIRECTOR	0.00	Director	$0	$0	$0
ADRIAN FELTS	DIRECTOR	0.00	Director	$0	$0	$0
CRAIG HONICK	DIRECTOR	0.00	Director	$0	$0	$0
CONAWAY HASKINS	DIRECTOR	0.00	Director	$0	$0	$0
KATINA DUDLEY	DIRECTOR	0.00	Director	$0	$0	$0
TRACEY GREENE	EXECUTIVE DIRECTOR	40.00	Officer	$76,667	$0	$76,667

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	$274,073	$272,614	$129,730	$1,459

CHARLOTTESVILLE BUSINESS INNOVATION COUNCIL