GOVERNOR'S SCHOLARS PROGRAM FOUNDATION INC (EIN 611393028) - Form 990 Financial Analysis & Trantor Score

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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

2001

Legal Domicile

Principal Officer

WILLIAM MALONE

Phone

5022094420

Tax Period

2024-01-01 to 2024-12-31

GOVERNOR'S SCHOLARS PROGRAM FOUNDATION INC, founded in 2001, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $881K in total revenue in fiscal year 2024. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $143K, a strong 16% operating margin.

Mission

TO PROVIDE FINANCIAL SUPPORT FOR THE GOVERNOR'S SCHOLARS PROGRAM, INC.

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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 $586,269

Program Service Revenue $0

Investment Income $258,149

Other Revenue $36,413

TOTAL REVENUE $880,831

Expense Breakdown

Grants Paid $450,000

Salaries & Benefits $151,145

Fundraising Expenses $0

Program Expenses $620,110

Other Expenses $136,698

TOTAL EXPENSES $737,843

Year-over-Year Comparison

	2024	2023	Change
Revenue	$880,831	$558,834	+0.6%
Expenses	$737,843	$690,202	+0.1%
Net Income	$142,988	$-131,368	-2.1%

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

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

$141,521

Total Directors

$141,521

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG DRAUT	PRESIDENT/SECRETARY	40.00	Officer Director	$125,660	$15,861	$141,521
ALAN STEIN	CHAIR	0.50	Officer Director	$0	$0	$0
VINCE GABBERT	VICE CHAIR	0.50	Officer Director	$0	$0	$0
WILLIAM MALONE	TREASURER	0.50	Officer Director	$0	$0	$0
LAURA COLEMAN PRITCHARD	BOARD MEMBER	0.25	Director	$0	$0	$0
HAROLD H HAL SMITH	BOARD MEMBER	0.25	Director	$0	$0	$0
WAYNE M MARTIN	BOARD MEMBER	0.25	Director	$0	$0	$0
TREY GRAYSON	BOARD MEMBER	0.25	Director	$0	$0	$0
MIKE BUCKENTIN	BOARD MEMBER	0.25	Director	$0	$0	$0
SRINI MATAM	BOARD 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
2024	$880,831	$737,843	$4,257,048	$142,988
2023	$558,834	$690,202	$3,972,731	$-131,368
2022	$651,381	$548,922	$3,597,407	$102,459
2021	$718,246	$589,801	$4,012,760	$128,445
2020	$503,055	$339,078	$3,381,969	$163,977
2019	$606,177	$745,882	$2,971,384	$-139,705
2018	$676,681	$640,341	$2,801,417	$36,340

GOVERNOR'S SCHOLARS PROGRAM FOUNDATION INC