This document presents SAVI (Static Analysis Vulnerability Indicator), a method for ranking the vulnerability of web applications using static analysis of source code. SAVI combines results from several static analysis tools and vulnerability databases to calculate a metric called Static Analysis Vulnerability Density (SAVD) for each application. The authors tested SAVI on several open source PHP applications and found SAVD correlated significantly with future vulnerability reports, indicating static analysis can help identify post-release vulnerabilities.