VSGA-VIP SCHOLARSHIP FOUNDATION

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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

1984

Legal Domicile

Principal Officer

JOAN GARDNER

Phone

8043782300

Tax Period

2024-01-01 to 2024-12-31

VSGA-VIP SCHOLARSHIP FOUNDATION, founded in 1984, is a small nonprofit that reported $448K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $214K, a strong 48% operating margin.

Mission

TO PROVIDE COLLEGE SCHOLARSHIPS TO AMATEUR GOLFERS BASED UPON ACADEMIC EXCELLENC, ECONOMIC NEED, AND SUPPORT AND CONNECTION TO GOLF IN VIRGINIA.

Program Service Accomplishments

Program 1

Expenses: $189,205

THE FOUNDATION AWARDED SCHOLARSHIPS TO AMATEUR GOLFERS WHO ARE VIRGINIA RESIDENTS ATTENDING COLLEGE BASED UPON ACADEMIC EXCELLENCE, ECONOMIC NEED, AND SUPPORT OF GOLF IN VIRGINIA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $371,820

Program Service Revenue $0

Investment Income $76,075

Other Revenue $0

TOTAL REVENUE $447,895

Expense Breakdown

Grants Paid $169,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $189,205

Other Expenses $63,897

TOTAL EXPENSES $233,397

Year-over-Year Comparison

	2024	2023	Change
Revenue	$447,895	$346,245	+0.3%
Expenses	$233,397	$432,651	-0.5%
Net Income	$214,498	$-86,406	-3.5%

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

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

$72,095

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOAN GARDNER	PRESIDENT	2.00	Officer Director	$0	$0	$0
SOMSAK CHIVAVIBUL	TREASURER	2.00	Officer Director	$0	$0	$0
JACK WALKER	SECRETARY	2.00	Officer Director	$0	$0	$0
MASON DIRICKSON	DIRECTOR	2.00	Director	$0	$0	$0
ANNE GREEVER	DIRECTOR	2.00	Director	$0	$0	$0
CRAIG GROENENDAAL	DIRECTOR	2.00	Director	$0	$0	$0
KRISTINE CLITES	DIRECTOR	2.00	Director	$0	$3,966	$72,095
ELIZABETH BRIGHTWELL	DIRECTOR	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	$447,895	$233,397	$3,686,454	$214,498
2023	$346,245	$432,651	$3,164,294	$-86,406
2022	$211,594	$202,319	$2,933,721	$9,275
2021	$286,227	$135,500	$3,352,279	$150,727
2020	$207,112	$141,022	$2,880,049	$66,090
2019	$215,314	$166,618	$2,569,123	$48,696
2018	$217,830	$170,965	$2,188,110	$46,865