CALVIN UNIVERSITY

EIN: 383071514 501(c)(3) Education

GRAND RAPIDS, MI

Total Revenue
$193,018,897
Total Expenses
$212,806,288
Total Assets
$612,535,612
Net Assets
$500,925,396
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
MI
Principal Officer
GREG ELZINGA
Phone
6165266000
Tax Period
2024-07-01 to 2025-06-30

CALVIN UNIVERSITY, founded in 1991, is a major nonprofit in the Education sector that reported $193.0M in total revenue in fiscal year 2024. Expenses of $212.8M exceeded revenue, resulting in a 10% operating deficit.

Mission

TO EQUIP STUDENTS TO THINK DEEPLY, TO ACT JUSTLY, AND TO LIVE WHOLEHEARTEDLY AS CHRIST'S AGENTS OF RENEWAL IN THE WORLD. CALVIN UNIVERSITY IS A CHRISTIAN ACADEMIC COMMUNITY DEDICATED TO RIGOROUS INTELLECTUAL INQUIRY. STUDENTS STUDY THE LIBERAL ARTS AND A BROAD RANGE OF MAJORS. A CALVIN EDUCATION PREPARES STUDENTS TO ANSWER GOD'S CALL TO LIVE AND SERVE IN GOD'S WORLD AS AGENTS OF RENEWAL.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $28,750,648
Program Service Revenue $155,103,188
Investment Income $9,181,595
Other Revenue $-16,534
TOTAL REVENUE $193,018,897

Expense Breakdown

Grants Paid $78,321,982
Salaries & Benefits $75,211,186
Fundraising Expenses $4,124,516
Program Expenses $203,545,271
Other Expenses $59,196,995
TOTAL EXPENSES $212,806,288

Year-over-Year Comparison

2024 2023 Change
Revenue $193,018,897 $184,861,512 +0.0%
Expenses $212,806,288 $198,033,650 +0.1%
Net Income $-19,787,391 $-13,172,138 +0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
31
Independent Members
30
Employees
2846
Volunteers
32

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
6
$995,002
Total Directors
36
$0
Key Employees
2
$501,823
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRUCE LOS CHAIR 4.00
Officer Director
$0 $0 $0
PERRIN RYNDERS VICE CHAIR 4.00
Officer Director
$0 $0 $0
CAROLYN VAN ALLEN BOARD MEMBER 1.00
Director
$0 $0 $0
GENE MIYAMOTO SECRETARY 4.00
Officer Director
$0 $0 $0
ADAM RAMIREZ BOARD MEMBER 1.00
Director
$0 $0 $0
ALICE KLAMER BOARD MEMBER 1.00
Director
$0 $0 $0
ANDREA KARSTEN BOARD MEMBER-PART YEAR 1.00
Director
$0 $0 $0
ANDREW ELLIOT BOARD MEMBER 1.00
Director
$0 $0 $0
ANTHONY BROOKHOUSE BOARD MEMBER 1.00
Director
$0 $0 $0
ANTHONY KAMPHUIS BOARD MEMBER 1.00
Director
$0 $0 $0
BEN IPEMA BOARD MEMBER-PART YEAR 1.00
Director
$0 $0 $0
BRIAN BOOMSMA BOARD MEMBER 1.00
Director
$0 $0 $0
BRYAN DIK BOARD MEMBER 1.00
Director
$0 $0 $0
CARL TRIEMSTRA BOARD MEMBER 1.00
Director
$0 $0 $0
EDWARD COLEMAN BOARD MEMBER 1.00
Director
$0 $0 $0
GARY BOS BOARD MEMBER 1.00
Director
$0 $0 $0
HEATHER RAMIREZ BOARD MEMBER 1.00
Director
$0 $0 $0
JACK BEEKSMA BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES VALK BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES ZWIERS BOARD MEMBER 1.00
Director
$0 $0 $0
JONATHAN EIGEGE BOARD MEMBER 1.00
Director
$0 $0 $0
KATHLEEN RIDDER BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN ADAMS BOARD MEMBER 1.00
Director
$0 $0 $0
LAMBERT KAMP BOARD MEMBER 1.00
Director
$0 $0 $0
LAMBERT KAMPHUIS BOARD MEMBER 1.00
Director
$0 $0 $0
LOIS MILLER BOARD MEMBER-PART YEAR 1.00
Director
$0 $0 $0
MARY TUUK KURAS BOARD MEMBER-PART YEAR 1.00
Director
$0 $0 $0
MINDI VANDENBOSCH BOARD MEMBER 1.00
Director
$0 $0 $0
MOSES CHUNG BOARD MEMBER 1.00
Director
$0 $0 $0
NATHAN DEJONG MCCARRON BOARD MEMBER 1.00
Director
$0 $0 $0
NIALA BOODHOO BOARD MEMBER 1.00
Director
$0 $0 $0
RACHEL VANDERVEEN BOARD MEMBER 1.00
Director
$0 $0 $0
ROSANNE LOPERS-SWEETMAN BOARD MEMBER 1.00
Director
$0 $0 $0
SHIRLEY HOOGSTRA BOARD MEMBER 1.00
Director
$0 $0 $0
STEVE TRIEZENBERG BOARD MEMBER-PART YEAR 1.00
Director
$0 $0 $0
TYLER WAGENMAKER BOARD MEMBER 1.00
Director
$0 $0 $0
GREG ELZINGA PRESDIENT 40.00
Officer
$378,103 $51,060 $429,163
DR WIEBE BOER PRESIDENT-PART YEAR 40.00
Officer
$300,290 $27,329 $327,619
DIRK PRUIS VICE PRESIDENT OF FINANCE AND ADMINISTRATION 40.00
Officer
$194,548 $43,672 $238,220
DR NOAH TOLY PROVOST 40.00
Key Emp
$206,487 $45,480 $251,967
DR SARAH VISSER VICE PRESIDENT FOR STUDENT LIFE 40.00
Key Emp
$213,153 $36,703 $249,856
DR AMBER WARNER PROFESSOR - KINESIOLOGY 40.00
Highest
$234,343 $31,258 $265,601
DR JAMES LUDEMA DEAN FOR THE SCHOOL OF BUSINESS 40.00
Highest
$189,933 $33,400 $223,333
DR LAURA CHAMPION DIRECTOR OF HEALTH SERVICE 40.00
Highest
$182,532 $16,009 $198,541
LAUREN JENSEN VICE PRESIDENT FOR ENROLLMENT 40.00
Highest
$182,158 $14,495 $196,653
KEN ERFFMEYER VICE PRESIDENT FOR ADVANCEMENT 40.00
Highest
$169,692 $43,751 $213,443
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 $193,018,897 $212,806,288 $612,535,612 $-19,787,391
2024 No data No data No data No data
2023 $190,867,663 $180,039,650 $601,584,833 $10,828,013
2022 $190,369,265 $168,886,336 $582,902,399 $21,482,929
2021 $166,988,840 $153,262,573 $586,373,912 $13,726,267
2019 $185,893,983 $176,102,407 $488,669,511 $9,791,576
2018 $189,610,675 $176,002,739 $472,086,218 $13,607,936
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