The Maggie L Walker Governor's Sch… - 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

1992

Legal Domicile

Principal Officer

Karen Principe

Phone

8043541566

Tax Period

2024-07-01 to 2025-06-30

The Maggie L Walker Governor's School Govt & Intl Studies Foundation, founded in 1992, is a small nonprofit in the Education sector that reported $358K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $428K exceeded revenue, resulting in a 20% operating deficit.

Mission

The Governor's School Foundation cultivates resources to enhance the educational experience of all students at Maggie L. Walker Governor's School.

Program Service Accomplishments

Program 1

Expenses: $258,254

In addition to the $21,637 (noted here) provided to Booster groups from the Night of the Dragon, the Foundation fulfilled requests from the school administration to support teachers and students in ways not possible within the school's operating budget. This included funding travel and other academic experiences and opportunities for students, professional development and graduate coursework for teachers, academic clubs and competitions, classroom enhancements, and financial aid for students in need.

Program 2

Expenses: $22,247

The Foundation provided funding for instructional support, including in school professional development programs for teachers, tuition reimbursement for teachers who take graduate courses, and...

The Foundation provided funding for instructional support, including in school professional development programs for teachers, tuition reimbursement for teachers who take graduate courses, and funding for teachers to attend educational conferences.

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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 $311,630

Program Service Revenue $0

Investment Income $4,545

Other Revenue $42,118

TOTAL REVENUE $358,293

Expense Breakdown

Grants Paid $18,000

Salaries & Benefits $102,791

Fundraising Expenses $93,050

Program Expenses $280,501

Other Expenses $307,477

TOTAL EXPENSES $428,268

Year-over-Year Comparison

	2024	2023	Change
Revenue	$358,293	$389,617	-0.1%
Expenses	$428,268	$393,193	+0.1%
Net Income	$-69,975	$-3,576	+18.6%

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

110

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

$85,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tyler Gibson	Director	1.00	Director	$0	$0	$0
Anikka Moore	Director	1.00	Director	$0	$0	$0
Brian Baird	Director	1.00	Director	$0	$0	$0
Monique Johnson	Director	1.00	Director	$0	$0	$0
Cynthia Kostelecky	Director	1.00	Director	$0	$0	$0
Stinson Mundy	Director	1.00	Director	$0	$0	$0
Julie Seabury	Director	1.00	Director	$0	$0	$0
Lakshmi Algappan	Director	1.00	Director	$0	$0	$0
Adam Powers	Finance Committee Chair	1.00	Officer Director	$0	$0	$0
Emily Stegmaier Winbigler	Governance Committee Chair	1.00	Officer Director	$0	$0	$0
Erin Ortiz	Alumni Advisory Board Chair	1.00	Officer Director	$0	$0	$0
Julie Seitz	Secretary	1.00	Officer Director	$0	$0	$0
Karen Principe	Treasurer	1.00	Officer Director	$0	$0	$0
Veronica Chornodolsky	Vice Chair/Events Committee Chair	1.00	Officer Director	$0	$0	$0
Beth Simms	Chair	1.00	Officer Director	$0	$0	$0
Ginger O'Neil	Executive Director	40.00	Officer	$85,000	$0	$85,000

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	$358,293	$428,268	$1,005,725	$-69,975
2024	$389,617	$393,193	$987,446	$-3,576
2023	$399,911	$446,323	$921,040	$-46,412
2022	$448,206	$329,381	$951,947	$118,825
2021	$349,106	$266,018	$1,038,284	$83,088
2020	$363,356	$339,143	$801,268	$24,213
2019	$446,401	$492,060	$761,810	$-45,659

The Maggie L Walker Governor's School Govt & Intl Studies Foundation