BLUE RIDGE INNOVATION CORRIDOR

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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

Formation Year

2025

Legal Domicile

Principal Officer

RACHEL YOST

Phone

8043700600

Tax Period

2025-01-01 to 2025-12-31

BLUE RIDGE INNOVATION CORRIDOR, founded in 2025, is a small nonprofit in the Community Improvement sector that reported $837K in total revenue in fiscal year 2025. The organization ran a surplus of $288K, a strong 34% operating margin.

Mission

TO UNITE BUSINESS LEADERS ACROSS SOUTHERN VIRGINIA FROM DANVILLE TO MARTINSVILLE THROUGH ROANOKE AND BLACKSBURG AND THE COUNTIES IN BETWEEN, TO DRIVE INCLUSIVE, INNOVATION-DRIVEN GROWTH AT A REGIONAL SCALE.

Program Service Accomplishments

Program 1

Expenses: $186,639

MEGAREGIONAL LEADERSHIP, CONVENING, GOVERNANCE, AND STAKEHOLDER EDUCATION BRIC BUILT AND CONVENED A BOARD OF MORE THAN 50 SENIOR BUSINESS LEADERS ACROSS THE MEGAREGION TO STRENGTHEN SHARED...

MEGAREGIONAL LEADERSHIP, CONVENING, GOVERNANCE, AND STAKEHOLDER EDUCATION BRIC BUILT AND CONVENED A BOARD OF MORE THAN 50 SENIOR BUSINESS LEADERS ACROSS THE MEGAREGION TO STRENGTHEN SHARED UNDERSTANDING, PRIORITY ALIGNMENT, AND COLLABORATION. ACTIVITIES INCLUDED A FIRST QUARTERLY BOARD MEETING, AN EXECUTIVE COMMITTEE MEETING EVERY TWO WEEKS, DIRECTOR AND STAKEHOLDER EDUCATION ON REGIONAL ECONOMIC ISSUES, PARTNER ALIGNMENT AROUND SHARED OUTCOMES, AND PUBLIC-FACING GOVERNANCE AND MEETING MATERIALS TO SUPPORT TRANSPARENCY, ACCOUNTABILITY, AND SUSTAINED MEGAREGIONAL COORDINATION.

Program 2

Expenses: $145,000

STRATEGIC RESEARCH AND INFRASTRUCTURE INVESTMENT ANALYSIS BRIC CONDUCTED STRATEGIC RESEARCH AND INFRASTRUCTURE INVESTMENT ANALYSIS TO HELP REGIONAL LEADERS UNDERSTAND THE MEGAREGIONS ECONOMIC...

STRATEGIC RESEARCH AND INFRASTRUCTURE INVESTMENT ANALYSIS BRIC CONDUCTED STRATEGIC RESEARCH AND INFRASTRUCTURE INVESTMENT ANALYSIS TO HELP REGIONAL LEADERS UNDERSTAND THE MEGAREGIONS ECONOMIC POSITION, SHARED OPPORTUNITIES, AND INVESTMENT NEEDS. ANALYSIS COVERED GROWTH TRENDS, REAL GDP GROWTH, INDUSTRIAL SITE AVAILABILITY, ADVANCED MANUFACTURING PERFORMANCE, AND INFRASTRUCTURE PRIORITIES SUCH AS ROUTE 220 IMPROVEMENT. FINDINGS EDUCATED THE BOARD AND KEY REGIONAL STAKEHOLDERS ON MEGAREGIONAL OPPORTUNITIES, INFRASTRUCTURE NEEDS, AND POTENTIAL INVESTMENT PRIORITIES.

Program 3

Expenses: $100,000

VISION 2050 PLANNING AND RESOURCE DEVELOPMENT BRIC PREPARED FOR VISION 2050, ITS SIGNATURE LONG-RANGE STRATEGIC PLANNING INITIATIVE FOR THE MEGAREGION, BY DEVELOPING A PROCESS TO IDENTIFY SHARED...

VISION 2050 PLANNING AND RESOURCE DEVELOPMENT BRIC PREPARED FOR VISION 2050, ITS SIGNATURE LONG-RANGE STRATEGIC PLANNING INITIATIVE FOR THE MEGAREGION, BY DEVELOPING A PROCESS TO IDENTIFY SHARED PRIORITIES, ALIGN PUBLIC AND PRIVATE INVESTMENT, AND CREATE A UNIFIED IMPLEMENTATION PLAYBOOK. BRIC DEVELOPED THE INITIAL VISION 2050 FRAMEWORK, RAISED INITIAL FUNDING, PURSUED GRANTS, LAUNCHED COMMUNICATIONS AND STAKEHOLDER ENGAGEMENT, AND BEGAN BUILDING THE RESEARCH DATABASE AND META- ANALYSIS. BRIC BEGAN THE INITIAL STEPS OF FORMING A STEERING COMMITTEE OF LOCAL CIVIC, INSTITUTIONAL, PHILANTHROPIC, AND PUBLIC-SECTOR LEADERS TO SUPPORT REGIONWIDE INPUT, ALIGNMENT, AND ACCOUNTABILITY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $837,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $837,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $431,639

Other Expenses $548,588

TOTAL EXPENSES $548,588

Year-over-Year Comparison

	2025	2024	Change
Revenue	$837,000	N/A	N/A
Expenses	$548,588	N/A	N/A
Net Income	$288,412	N/A	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDDIE AMOS	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT A ARCHER	DIRECTOR	1.00	Director	$0	$0	$0
STEVE ARNER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN AVIS	DIRECTOR	1.00	Director	$0	$0	$0
RICK BARKER	DIRECTOR	1.00	Director	$0	$0	$0
MANMEET BHATIA	DIRECTOR	1.00	Director	$0	$0	$0
MANLY BOYD	DIRECTOR	1.00	Director	$0	$0	$0
ROBBY BURTON	DIRECTOR	1.00	Director	$0	$0	$0
CLARK CASTEEL	DIRECTOR	1.00	Director	$0	$0	$0
TIM CLARK	DIRECTOR	1.00	Director	$0	$0	$0
MIMI RAINERO COLES	DIRECTOR	1.00	Director	$0	$0	$0
BRET DANILOWICZ	DIRECTOR	1.00	Director	$0	$0	$0
TAD DERISO	DIRECTOR	1.00	Director	$0	$0	$0
JAY DICKENS	DIRECTOR	1.00	Director	$0	$0	$0
RUSS ELLETT	DIRECTOR	1.00	Director	$0	$0	$0
DR PAUL ERWIN	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM FARRELL	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT FRALIN	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM FRALIN	DIRECTOR	1.00	Director	$0	$0	$0
JIM FRITH	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD GIBSON	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY V HALEY	DIRECTOR	1.00	Director	$0	$0	$0
BRAD HALL	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY HOFF	DIRECTOR	1.00	Director	$0	$0	$0
BILL HUME	DIRECTOR	1.00	Director	$0	$0	$0
JAMES MCCLAIN II	DIRECTOR	1.00	Director	$0	$0	$0
RICK JAMES	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL B JONES	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM MARTIN JR	DIRECTOR	1.00	Director	$0	$0	$0
KATE KELLER	DIRECTOR	1.00	Director	$0	$0	$0
BILLY KIRBY	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN LEMON	DIRECTOR	1.00	Director	$0	$0	$0
MONICA MONDAY	DIRECTOR	1.00	Director	$0	$0	$0
MARTY MUSCATELLO	DIRECTOR	1.00	Director	$0	$0	$0
PAUL NESTER	DIRECTOR	1.00	Director	$0	$0	$0
CONNIE NYHOLM	DIRECTOR	1.00	Director	$0	$0	$0
MARK PACE	DIRECTOR	1.00	Director	$0	$0	$0
DREW PARKER	DIRECTOR	1.00	Director	$0	$0	$0
KIRTESH PATEL	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH PETRINE	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN RICHARDSON	DIRECTOR	1.00	Director	$0	$0	$0
BRANDY SALMON	DIRECTOR	1.00	Director	$0	$0	$0
JOEL SHEPHERD	DIRECTOR	1.00	Director	$0	$0	$0
DAN SUMMERLIN	DIRECTOR	1.00	Director	$0	$0	$0
TELLY TUCKER	DIRECTOR	1.00	Director	$0	$0	$0
RICHMOND VINCENT	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WALLENBORN	DIRECTOR	1.00	Director	$0	$0	$0
LEE WILHELM	DIRECTOR	1.00	Director	$0	$0	$0
NEIL WILKIN	DIRECTOR	1.00	Director	$0	$0	$0
BOB WILLS	DIRECTOR	1.00	Director	$0	$0	$0
BART WILNER	DIRECTOR	1.00	Director	$0	$0	$0
HEYWOOD FRALIN	CO-CHAIRMAN	3.00	Officer	$0	$0	$0
BEN DAVENPORT JR	CO-CHAIRMAN	3.00	Officer	$0	$0	$0
RACHEL YOST	ACTING EXEC	13.00	Officer	$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	$837,000	$548,588	$289,145	$288,412