CENTRAL VIRGINIA GOVERNOR'S SCHOOL… - Form 990 Financial Data

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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

1987

Legal Domicile

Principal Officer

STEPHEN C SMITH

Phone

4345155480

Tax Period

2023-07-01 to 2024-06-30

CENTRAL VIRGINIA GOVERNOR'S SCHOOL FOUNDATION, founded in 1987, is a small nonprofit that reported $320K in total revenue in fiscal year 2023. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $186K, a strong 58% operating margin.

Mission

THE CENTRAL VIRGINIA GOVERNOR'S SCHOOL FOUNDATION WAS FORMED TO RECEIVE CONTRIBUTIONS FROM INDIVIDUALS, ORGANIZATIONS, BUSINESSES, AND INSTITUTIONS FOR THE PURPOSE OF PROMOTING AND ENHANCING THE EDUCATIONAL PROGRAM PROVIDED FOR STUDENTS BY THE CENTRAL VIRGINIA GOVERNOR'S SCHOOL FOR SCIENCE AND TECHNOLOGY.

Program Service Accomplishments

Program 1

Expenses: $112,000

PROVIDE ACADEMIC SCHOLARSHIPS TO GRADUATING SENIORS

Program 2

Expenses: $16,957

FUND STUDENT RESEARCH AND PROGRAM SUPPORT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $57,354

Program Service Revenue $0

Investment Income $262,734

Other Revenue $0

TOTAL REVENUE $320,088

Expense Breakdown

Grants Paid $112,000

Salaries & Benefits $0

Fundraising Expenses $125

Program Expenses $128,957

Other Expenses $21,869

TOTAL EXPENSES $133,869

Year-over-Year Comparison

	2023	2022	Change
Revenue	$320,088	$206,504	+0.6%
Expenses	$133,869	$148,293	-0.1%
Net Income	$186,219	$58,211	+2.2%

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

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
ANN BRITTON	DIRECTOR	0.30	Director	$0	$0	$0
STEPHEN TIBBS	DIRECTOR	0.30	Director	$0	$0	$0
BOB DENDY	DIRECTOR	0.30	Director	$0	$0	$0
JOSH GROHS	DIRECTOR	0.30	Director	$0	$0	$0
JOE MARRACCINI	DIRECTOR	0.30	Director	$0	$0	$0
LAURA HAMILTON	DIRECTOR	0.30	Director	$0	$0	$0
LIBBY JEFFERSON	DIRECTOR	0.30	Director	$0	$0	$0
KEVIN LAYMAN	DIRECTOR	0.30	Director	$0	$0	$0
MICHAEL SLOAN	DIRECTOR	0.30	Director	$0	$0	$0
KRISTIE MORFORD	DIRECTOR	0.30	Director	$0	$0	$0
MARC ORDOWER	DIRECTOR	0.30	Director	$0	$0	$0
SHERRI SACKETT	DIRECTOR	0.30	Director	$0	$0	$0
KARIN WARREN	DIRECTOR	0.30	Director	$0	$0	$0
STEPHEN SMITH	PRESIDENT & CEO	1.00	Officer	$0	$0	$0
MICHAEL WEBB	VICE PRESIDENT	0.30	Officer	$0	$0	$0
BETH BANKSTON	TREASURER	0.30	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	No data	No data	No data	No data
2024	$320,088	$133,869	$4,867,398	$186,219
2023	$206,504	$148,293	$4,308,687	$58,211
2022	$420,195	$148,878	$3,962,418	$271,317
2021	$409,886	$147,806	$4,745,298	$262,080
2020	$168,627	$135,835	$3,776,798	$32,792
2019	$1,214,976	$69,547	$3,708,846	$1,145,429

CENTRAL VIRGINIA GOVERNOR'S SCHOOL FOUNDATION