Richmond, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)GReat Aspirations Scholarship Program Inc, founded in 1983, is a community nonprofit in the Education sector that reported $2.7M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $417K, a strong 16% operating margin.
GRASP's mission is to help all students and their families, with a focus on financially disadvantaged households, by: giving inspiration and hope that their goals are attainable; assisting them with the financial aid process and awarding scholarships; and supporting them in the attainment of their post-secondary goals at the lowest possible cost. GRASP is the only organization in the regions we serve that is primarily focused on assisting students with the postsecondary financial aid process and scholarship searching for all students. Financial aid is critical to increasing college access and success and is most effective when students and families learn about it early enough to make informed choices and plans. GRASP fills a substantial gap in the college access and success pipeline and fulfills our mission to ensure that every student has an equal opportunity for continuing education after high school through a balanced continuum of services.
GRASP is a non-profit organization specializing with helping students and their families, regardless of financial resources, to develop an educational plan for post secondary education. GRASP's...
GRASP is a non-profit organization specializing with helping students and their families, regardless of financial resources, to develop an educational plan for post secondary education. GRASP's professional financial aid advisors work in high schools and private settings, without charge to students and families, to assist with overcoming financial and motivational challenges to the goal of higher education.
Unique among many college access and success programs, GRASP operates several scholarship programs, including at least one scholarship for every school it serves. Students have the option to use...
Unique among many college access and success programs, GRASP operates several scholarship programs, including at least one scholarship for every school it serves. Students have the option to use these scholarships for 2-year, 4-year, and trade schools.
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...
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 of (1) students and families of low to modest financial means and (2) provide scholastic assistance in developing post - secondary academic and vocational plans for children with one or more disabilities as defined under the federal IDEA legislation. The NAP program requires that more than 50% of GRASP tax credit derived revenues are used for education services in support of students and families with income at or below 300% of the recognized poverty level of income or 400% of the recognized poverty level for students with disabilities. The EISP Program, a scholarship program for students in K-12 who wish to attend a private school, requires that at least 90% of tax credit generated revenues under this program be paid out in scholarships for students at or below 300% of poverty, or in the case of students with disabilities, 400% of poverty by the end of the following fiscal year end. The GRASP Board has directed that preference be given to scholarships for students with disabilities attending private schools with specialized disability services under the EISP Program.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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
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$0 | $0 | $0 |
| David W Didawick CPA | Director | 1.00 |
Director
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$0 | $0 | $0 |
| Kenneth M Dye | Chairman | 10.00 |
Officer
Director
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$0 | $0 | $0 |
| Judge Randolph A Beales | Director | 1.00 |
Director
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$0 | $0 | $0 |
| Levar M Stoney | Director | 1.00 |
Director
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$0 | $0 | $0 |
| Paula F Robinson MPA | Vice Chairman | 1.00 |
Officer
Director
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$0 | $0 | $0 |
| Gary R Thomson | Treasurer | 1.00 |
Officer
Director
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$0 | $0 | $0 |
| Richard D Adams | Director | 1.00 |
Director
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$0 | $0 | $0 |
| Charmica Epps Harris | Director | 1.00 |
Director
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$0 | $0 | $0 |
| Lorraine Justice PhD | Director | 1.00 |
Director
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$0 | $0 | $0 |
| Ebony A Lambert PhD | Director | 1.00 |
Director
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$0 | $0 | $0 |
| Van C Wilson EdD | Director | 1.00 |
Director
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$0 | $0 | $0 |
| Kristin Carleton AAMS | Director | 1.00 |
Director
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$0 | $0 | $0 |
| Juan Espinoza | Director | 1.00 |
Director
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$0 | $0 | $0 |
| Delegate J William Morefield | Director | 1.00 |
Director
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$0 | $0 | $0 |
| Kelli Parker | Director | 1.00 |
Director
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$0 | $0 | $0 |
| Sue Ann SAM Messmer | Director | 1.00 |
Director
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$0 | $0 | $0 |
| Charles R Duvall Jr | Director | 1.00 |
Director
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$0 | $0 | $0 |
| Todd D Martin | President and CEO | 40.00 |
Officer
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$147,725 | $0 | $147,725 |
| Patricia Y Gordon | Chief Financial Officer | 30.00 |
Officer
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$55,061 | $0 | $55,061 |
| Anne Michie | Chief Compliance Officer | 40.00 |
Officer
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$88,440 | $0 | $88,440 |
| 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 |
Compare GReat Aspirations Scholarship Program Inc with other nonprofits in Virginia and across the country.