VAN ANDEL INSTITUTE GRADUATE SCHOOL (EIN 203340886) - 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

2005

Legal Domicile

Principal Officer

TIMOTHY J MYERS

Phone

6162345000

Tax Period

2023-12-01 to 2024-11-30

VAN ANDEL INSTITUTE GRADUATE SCHOOL, founded in 2005, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $6.3M exceeded revenue, resulting in a 337% operating deficit.

Mission

TO DEVELOP BIOMEDICAL RESEARCH LEADERS THROUGH A GRADUATE PROGRAM IN MOLECULAR AND CELL BIOLOGY.

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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 $74,778

Program Service Revenue $1,362,643

Investment Income $0

Other Revenue $50

TOTAL REVENUE $1,437,471

Expense Breakdown

Grants Paid $2,494,507

Salaries & Benefits $1,448,818

Fundraising Expenses $2,640

Program Expenses $5,198,495

Other Expenses $2,339,030

TOTAL EXPENSES $6,284,995

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,437,471	$2,487,643	-0.4%
Expenses	$6,284,995	$5,287,283	+0.2%
Net Income	$-4,847,524	$-2,799,640	+0.7%

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

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

$1,497,910

Total Directors

$1,174,187

Key Employees

$799,596

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR JAMES FAHNER	VAIGS DIRECTOR	1.00	Director	$4,750	$0	$11,750
DR PETER JONES	VAIGS DIRECTOR, VARI CSO	1.00	Director	$0	$165,516	$1,118,687
DR JUAN OLIVAREZ	VAIGS DIRECTROR	1.00	Director	$18,000	$0	$27,500
DR MARY O'RIORDAN	VAIGS DIRECTOR	1.00	Director	$4,500	$0	$4,500
DR CANDACE SMITH-KING	VAIGS DIRECTOR	1.00	Director	$4,750	$0	$4,750
DR MARIA CIMITILE	VAIGS DIRECTOR	1.00	Director	$3,500	$0	$3,500
DR PEGGY FARNHAM	VAIGS DIRECTOR - START 3/2023	1.00	Director	$3,500	$0	$3,500
CHRISTINE WILLIG	VAIGS DIRECTOR - START 12/2023	1.00	Director	$0	$0	$0
TIMOTHY MYERS	CAO/CFO	1.00	Officer	$0	$93,423	$586,323
THOMAS CURRAN JR	SECRETARY/GENERAL COUNSEL	1.00	Officer	$0	$95,143	$612,974
KATIE HELDER	VAIGS TREASURER/ VARI CONTROLLER	1.00	Officer	$0	$10,404	$298,613
DAVID VAN ANDEL	CHAIRMAN / CEO	1.00	Key Emp	$0	$108,088	$799,596
CHRISTY MAYO	DIRECTOR OF ENROLLMENT AND	45.00	Highest	$117,206	$21,984	$139,190
TAYLOR BOYD	DIRECTOR OF ASSESSMENT AND	45.00	Highest	$102,053	$20,397	$122,450
SARAH BODBYL	ASSISTANT DEAN	45.00	Highest	$155,752	$25,642	$181,394
DR STEVE TRIEZENBERG	DEAN OF GRAD SCHOOL - RETIRED 7/2023	0.00		$259,705	$25,233	$284,938

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	$1,437,471	$6,284,995	$1,756,476	$-4,847,524
2023	$2,487,643	$5,287,283	$2,495,958	$-2,799,640
2022	$4,903,433	$5,074,855	$1,386,902	$-171,422
2021	$4,853,861	$4,272,669	$1,492,760	$581,192
2020	$5,060,751	$4,194,491	$1,134,957	$866,260

VAN ANDEL INSTITUTE GRADUATE SCHOOL