GReat Aspirations Scholarship Program Inc (EIN 521277427) - 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

1983

Legal Domicile

Principal Officer

Todd D Martin

Phone

8045277726

Tax Period

2023-07-01 to 2024-06-30

GReat Aspirations Scholarship Program Inc, founded in 1983, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2018. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

To provide resources to students and families in need to access financial aid, scholarships, private financial support and counseling to encourage and maximize each student's educational opportunities. GRASP's focus is on increasing college, technical school, and workforce credential access and graduation rates, particularly among families without sufficient financial resources to accomplish this without GRASP's guidance and financial assistance.GRASP anticipates continuing to take advantage of the Virginia Neighborhood Assistance Tax Credit Program ("NAP") and Education Improvement Scholarship Program ("EISP"). The NAP and EISP programs provide significant tax incentives to Virginia private and business donors who support scholarships and other tuition assistance programs as defined further in Item III, 4(c).

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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 $1,835,494

Program Service Revenue $441,250

Investment Income $25,997

Other Revenue $348,236

TOTAL REVENUE $2,650,977

Expense Breakdown

Grants Paid $700,171

Salaries & Benefits $1,211,270

Fundraising Expenses $76,727

Program Expenses $1,827,947

Other Expenses $314,884

TOTAL EXPENSES $2,234,174

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,650,977	$2,319,158	+0.1%
Expenses	$2,234,174	$1,984,794	+0.1%
Net Income	$416,803	$334,364	+0.2%

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

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

$291,226

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Senator Walter A Stosch	Director, Former Chairman/	5.00	Director	$0	$0	$0
Sarah H Scarbrough PhD	Director	1.00	Director	$0	$0	$0
David W Didawick CPA	Director	1.00	Director	$0	$0	$0
Kenneth M Dye	Chairman	10.00	Officer Director	$0	$0	$0
Judge Randolph A Beales	Director	1.00	Director	$0	$0	$0
Levar M Stoney	Director	1.00	Director	$0	$0	$0
Paula F Robinson MPA	Vice Chairman	1.00	Officer Director	$0	$0	$0
Gary R Thomson	Treasurer	1.00	Officer Director	$0	$0	$0
Richard D Adams	Director	1.00	Director	$0	$0	$0
Charmica Epps Harris	Director	1.00	Director	$0	$0	$0
Lorraine Justice PhD	Director	1.00	Director	$0	$0	$0
Ebony A Lambert PhD	Director	1.00	Director	$0	$0	$0
Van C Wilson EdD	Director	1.00	Director	$0	$0	$0
Kristin Carleton AAMS	Director	1.00	Director	$0	$0	$0
Juan Espinoza	Director	1.00	Director	$0	$0	$0
Delegate J William Morefield	Director	1.00	Director	$0	$0	$0
Kelli Parker	Director	1.00	Director	$0	$0	$0
Sue Ann SAM Messmer	Director	1.00	Director	$0	$0	$0
Charles R Duvall Jr	Director	1.00	Director	$0	$0	$0
Todd D Martin	President and CEO	40.00	Officer	$147,725	$0	$147,725
Patricia Y Gordon	Chief Financial Officer	30.00	Officer	$55,061	$0	$55,061
Anne Michie	Chief Compliance Officer	40.00	Officer	$88,440	$0	$88,440

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	No data	No data	No data	No data
2024	$2,650,977	$2,234,174	$8,059,909	$416,803
2023	$2,319,158	$1,984,794	$4,988,018	$334,364
2022	$1,872,899	$1,570,820	$4,687,835	$302,079
2021	$2,086,879	$1,516,839	$4,561,771	$570,040
2020	$1,518,825	$1,698,408	$3,717,172	$-179,583
2019	$2,165,058	$2,323,817	$3,723,797	$-158,759

GReat Aspirations Scholarship Program Inc