CHARLOTTESVILLE BUSINESS INNOVATION COUNCIL

EIN: 541900292 Community Improvement

CHARLOTTESVILLE, VA

Total Revenue
$274,073
Total Expenses
$272,614
Total Assets
$129,730
Net Assets
$103,024
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
VA
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

TO BE THE CONDUIT AND DRIVER OF COLLABORATION AMONG THE VARIOUS SEGMENTS OF THE CHARLOTTESVILLE TECHNOLOGY COMMUNITY, PROMOTES A SUPPORTIVE INFRASTRUCTURE, AND ADVOCATES FOR AND CELEBRATES A SUSTAINABLE, TECHNOLOGY-BASED ECONOMY.

Program Service Accomplishments

Program 1
Expenses: $37,312

THE HUB CVA - CBIC OPERATES THE HUB CVA WEBSITE (HTTPS://THEHUBCVA.ORG/). THE HUB WAS BUILT ON THE VISION OF THE CHARLOTTESVILLE BUSINESS INNOVATION COUNCIL THAT THERE IS A BETTER WAY TO GET...

Read more

THE HUB CVA - CBIC OPERATES THE HUB CVA WEBSITE (HTTPS://THEHUBCVA.ORG/). THE HUB WAS BUILT ON THE VISION OF THE CHARLOTTESVILLE BUSINESS INNOVATION COUNCIL THAT THERE IS A BETTER WAY TO GET INFORMATION AND MAKE CONNECTIONS. BUSINESS CREATION AND GROWTH INVOLVE MANY TRANSACTIONS, BUT THE CURRENCY OF THOSE TRANSACTIONS IS ALWAYS INFORMATION AND CONNECTIONS. THE HUB EXISTS TO FACILITATE CONNECTIONS AND THE FREE FLOW OF INFORMATION.THE HUB IS A REGIONAL CONNECTOR PLATFORM FOR ENTREPRENEURS AND HIGH-GROWTH BUSINESSES IN CENTRAL VIRGINIA'S REGION 9, WHICH INCLUDES THE CITY OF CHARLOTTESVILLE, AND THE COUNTIES OF ALBEMARLE, CULPEPER, FAUQUIER, FLUVANNA, GREENE, LOUISA, MADISON, NELSON, ORANGE, AND RAPPAHANNOCK.THE MISSION OF THE HUB IS TO LOWER THE BARRIERS OF WALLED SITES AND BUSINESSES, AND HELP ITS USERS FIND THE PEOPLE AND THINGS THAT MATTER THE MOST TO THEM. FROM MARGINALIZED COMMUNITIES THAT HAVE TRADITIONALLY BEEN ON THE OUTSIDE OF MAINSTREAM ACCESS TO THOSE ALREADY PARTICIPATING IN THE WEALTH OF RESOURCES AND CONNECTIONS THROUGHOUT CENTRAL VIRGINIA, THE HUB SEEKS TO LOWER BARRIERS AND INCREASE CONNECTIONS FOR EVERYONE.

Program 2
Expenses: $138,775

EDUCATIONAL PROGRAMS AND NETWORKING EVENTS - CBIC ORGANIZES AND HOSTS A SERIES OF PANEL DISCUSSIONS COVERING TOPICS OF INTEREST TO MEMBERS OF THE HIGH-TECH AND ENTREPRENEURIAL COMMUNITIES. LIKEWISE...

Read more

EDUCATIONAL PROGRAMS AND NETWORKING EVENTS - CBIC ORGANIZES AND HOSTS A SERIES OF PANEL DISCUSSIONS COVERING TOPICS OF INTEREST TO MEMBERS OF THE HIGH-TECH AND ENTREPRENEURIAL COMMUNITIES. LIKEWISE, EITHER ALONE OR WITH PARTNER ORGANIZATIONS, CBIC ORGANIZES EVENTS WHERE ENTREPRENEURS AND PEOPLE IN HIGH-TECH INDUSTRIES CAN MEET, DISCUSS AREAS OF COMMON INTEREST, AND FORM PROFESSIONAL RELATIONSHIPS.

Program 3
Expenses: $49,931

CBIC AWARDS GALA - AN ANNUAL EVENT THAT GATHERS NEARLY 400 BUSINESS LEADERS, ENTREPRENEURS, GOVERNMENT OFFICIALS, AND ACADEMICS TO HONOR INDIVIDUALS AND ORGANIZATIONS FOR THEIR NOTEWORTHY...

Read more

CBIC AWARDS GALA - AN ANNUAL EVENT THAT GATHERS NEARLY 400 BUSINESS LEADERS, ENTREPRENEURS, GOVERNMENT OFFICIALS, AND ACADEMICS TO HONOR INDIVIDUALS AND ORGANIZATIONS FOR THEIR NOTEWORTHY CONTRIBUTIONS TO THE MARKETPLACE THROUGH THEIR HIGH-TECH INNOVATION AND LEADERSHIP. CBIC AWARD RECIPIENTS ENJOY INCREASED EXPOSURE AND VISIBILITY IN THE MEDIA, BUSINESS COMMUNITY, AND FROM POTENTIAL PARTNERS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
11
Independent Members
11
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
4
$76,667
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
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
Explore More Nonprofits
Top 100 Nonprofits in Virginia Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare CHARLOTTESVILLE BUSINESS INNOVATION COUNCIL with other nonprofits in Virginia and across the country.