GOVERNOR'S SCHOLARS PROGRAM INC

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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

1983

Legal Domicile

Principal Officer

JENNIFER PRICE

Phone

5022094420

Tax Period

2025-01-01 to 2025-12-31

GOVERNOR'S SCHOLARS PROGRAM INC, founded in 1983, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2025. Revenue decreased 8% compared to the prior year.

Mission

THE PROGRAM'S MISSION IS TO ENHANCE KENTUCKY'S NEXT GENERATION OF CIVIC AND ECONOMIC LEADERS.

Program Service Accomplishments

Program 1

Expenses: $2,348,219

THE PROGRAM PLACED HIGH SCHOOL RISING SENIORS ON 3 COLLEGE CAMPUSES FOR FIVE WEEKS OF ACADEMIC, SOCIAL AND PERSONAL GROWTH. 1,050 STUDENTS PARTICIPATED IN THE PROGRAM IN 2025.

Program 2

Expenses: $48,525

THE PROGRAM TRACKS ALUMNI AND PROVIDES PROGRAMMATIC UPDATES VIA A WEBSITE AND OTHER COMMUNICATIONS.

Program 3

Expenses: $36,604

PROGRAM PROMOTION STAFF TRAVEL ACROSS THE STATE TO HOLD WORKSHOPS TO ENCOURAGE STUDENTS TO APPLY AND TO HELP THEM COMPLETE COMPETITIVE APPLICATIONS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $2,631,545

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,631,545

Expense Breakdown

Grants Paid $0

Salaries & Benefits $612,870

Fundraising Expenses $0

Program Expenses $2,433,348

Other Expenses $2,156,906

TOTAL EXPENSES $2,769,776

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,631,545	$2,866,778	-0.1%
Expenses	$2,769,776	$2,891,140	0.0%
Net Income	$-138,231	$-24,362	+4.7%

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

Total Directors

Key Employees

$175,100

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER PRICE	EXECUTIVE DI	40.00	Key Emp	$166,100	$9,000	$175,100
AARON THOMPSON EX-OFFICIO	MEMBER	0.25	Director	$0	$0	$0
ANDY BESHEAR EX-OFFICIO	MEMBER	0.25	Director	$0	$0	$0
ROBBIE FLETCHER EX-OFFICIO	MEMBER	0.25	Director	$0	$0	$0
DENNIS K BERMAN	MEMBER	0.25	Director	$0	$0	$0
CHRISTEN BOONE	MEMBER	0.25	Director	$0	$0	$0
MASON DYER	MEMBER	0.25	Director	$0	$0	$0
D TODD DAVIS	MEMBER	0.25	Director	$0	$0	$0
ERIC G FARRIS	VICE CHAIR	0.50	Officer Director	$0	$0	$0
LESLIE FUGATE	MEMBER	0.25	Director	$0	$0	$0
VINCE GABBERT	MEMBER	0.25	Director	$0	$0	$0
TREY GRAYSON	CHAIRMAN	0.50	Officer Director	$0	$0	$0
JASON HOWELL	MEMBER	0.25	Director	$0	$0	$0
GRETCHEN M HUNT	MEMBER	0.25	Director	$0	$0	$0
LUTHER DEATON JR	MEMBER	0.25	Director	$0	$0	$0
JAMIE LINK	MEMBER	0.25	Director	$0	$0	$0
BILL MALONE	TREASURER	0.50	Officer Director	$0	$0	$0
WAYNE M MARTIN	MEMBER	0.25	Director	$0	$0	$0
SRINI MATAM	MEMBER	0.25	Director	$0	$0	$0
ANNE MCKUNE	MEMBER	0.25	Director	$0	$0	$0
CAROLEA MILLS	MEMBER	0.25	Director	$0	$0	$0
OJ OLEKA	MEMBER	0.25	Director	$0	$0	$0
PAUL E PATTON	MEMBER	0.25	Director	$0	$0	$0
TOM POLAND	MEMBER	0.25	Director	$0	$0	$0
LAURA COLEMAN PRITCHARD	MEMBER	0.25	Director	$0	$0	$0
NEIL RAMSEY	MEMBER	0.25	Director	$0	$0	$0
SHANNON RICKETT	SECRETARY	0.50	Officer Director	$0	$0	$0
JOHN ROACH	MEMBER	0.25	Director	$0	$0	$0
JASON SAUER	MEMBER	0.25	Director	$0	$0	$0
JASON SAUER	MEMBER	0.25	Director	$0	$0	$0
BLAIR SKIDMORE	MEMBER	0.25	Director	$0	$0	$0
HAROLD H SMITH	MEMBER	0.25	Director	$0	$0	$0
ALAN M STEIN	VICE CHAIR	0.50	Officer Director	$0	$0	$0
SOPHIA VOSKUHL	MEMBER	0.25	Director	$0	$0	$0
WHITNEY FRAZIER WATT	MEMBER	0.25	Director	$0	$0	$0
ERICA LEE WILLIAMS	MEMBER	0.25	Director	$0	$0	$0
PHILEPIA J WILLIAMS	MEMBER	0.25	Director	$0	$0	$0
THE REV ANISA COTTRELL WILLIS	MEMBER	0.25	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
2025	$2,631,545	$2,769,776	$151,368	$-138,231
2024	No data	No data	No data	No data
2023	$2,387,806	$2,741,669	$302,801	$-353,863
2022	$2,143,848	$2,498,016	$475,523	$-354,168
2021	$2,188,206	$2,411,791	$585,903	$-223,585
2020	$1,989,021	$1,551,366	$729,855	$437,655
2019	$2,397,728	$2,440,656	$299,911	$-42,928
2018	$2,295,370	$2,337,978	$347,895	$-42,608