CHARLOTTESVILLE BIOHUB

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Legal Domicile

Principal Officer

NIKKI HASTINGS

Tax Period

2023-01-01 to 2023-12-31

CHARLOTTESVILLE BIOHUB is a small nonprofit in the Community Improvement sector that reported $711K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $656K left a modest 8% surplus.

Mission

THE MISSION OF CVILLEBIOHUB ACCELERATES THE BIOTECHNOLOGY INDUSTRY THROUGH ENGAGEMENT,RESOURCING AND EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $362,968

BUILDING COMMUNITY - FOSTER AN INCREASINGLY CONNECTED AND DIVERSE BIOTECH COMMUNITY THROUGH NETWORKING, EDUCATIONAL PROGRAMMING AND SUPPORTING WORKFORCE DEVELOPMENT. ADVANCING ENTREPRENEURSHIP -...

BUILDING COMMUNITY - FOSTER AN INCREASINGLY CONNECTED AND DIVERSE BIOTECH COMMUNITY THROUGH NETWORKING, EDUCATIONAL PROGRAMMING AND SUPPORTING WORKFORCE DEVELOPMENT. ADVANCING ENTREPRENEURSHIP - PROVIDE GUIDANCE, EXPERTISE AND CONNECTIONS FOR EARLY-STAGE COMPANIES THROUGH EIR PROGRAMMING. GROW ENTREPRENEUR OFFERINGS AND DEVELOP A DEEP BENCH OF CAPITAL, TALENT AND R&D RESOURCES TO THE NETWORK. EXPANDING IMPACT - STRENGTHEN THE REGIONAL BIOECONOMY BY ENGAGEMENT WITH COMPANIES, COLLABORATE STATEWIDE INITIATIVES TO CONNECT ACROSS THE COMMONWEALTH OF VA AND ASSESS REGIONAL METRICS AND REPORT HIGHLIGHTS AND UPDATES WITH COMPANY SURVEYS.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $675,811

Program Service Revenue $35,200

Investment Income $0

Other Revenue $0

TOTAL REVENUE $711,011

Expense Breakdown

Grants Paid $0

Salaries & Benefits $314,433

Fundraising Expenses $39,227

Program Expenses $362,968

Other Expenses $341,307

TOTAL EXPENSES $655,740

Year-over-Year Comparison

	2023	2022	Change
Revenue	$711,011	$554,128	+0.3%
Expenses	$655,740	$378,559	+0.7%
Net Income	$55,271	$175,569	-0.7%

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

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

$180,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NIKKI HASTINGS	EXECUTIVE DI	40.00	Officer	$180,000	$0	$180,000
PAYAM POURTAHERI	PRESIDENT	2.00	Officer Director	$0	$0	$0
NATHAN EVANS	SECRETARY	2.00	Officer Director	$0	$0	$0
KYLE BENUSA	TREASURER	2.00	Officer Director	$0	$0	$0
TAYLOR COPE	BOARD MEMBER	2.00	Director	$0	$0	$0
WILL MAULDIN	BOARD MEMBER	2.00	Director	$0	$0	$0
CARLEEN BOWERS	BOARD MEMBER	2.00	Director	$0	$0	$0
BROOKE BRAUN	BOARD MEMBER	2.00	Director	$0	$0	$0
EVAN EDWARDS	BOARD MEMBER	2.00	Director	$0	$0	$0
JIM DANIERO	BOARD MEMBER	2.00	Director	$0	$0	$0
MAYA DESAI	BOARD MEMBER	2.00	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
2024	No data	No data	No data	No data
2023	$711,011	$655,740	$410,520	$55,271
2022	$554,128	$378,559	$205,890	$175,569