GRAND RAPIDS, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)GRAND ACTION FOUNDATION 20, founded in 1993, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $49.2M in total revenue in fiscal year 2024. Revenue surged 109% from the prior year, signaling strong growth momentum. Expenses of $71.5M exceeded revenue, resulting in a 45% operating deficit.
TO PROMOTE ECONOMIC AND CULTURAL DEVELOPMENT OF GRAND RAPIDS, MICHIGAN
AS PART OF THE 2.0 LAUNCH, GRAND ACTION FOUNDATION HAS REENGAGED CONVENTION SPORTS AND LEISURE INTERNATIONAL (CSL) TO PROVIDE UPDATES ON INITIATIVES AND RECOMMENDATIONS WHICH WERE IDENTIFIED IN THE...
AS PART OF THE 2.0 LAUNCH, GRAND ACTION FOUNDATION HAS REENGAGED CONVENTION SPORTS AND LEISURE INTERNATIONAL (CSL) TO PROVIDE UPDATES ON INITIATIVES AND RECOMMENDATIONS WHICH WERE IDENTIFIED IN THE ORIGINAL DESTINATION ASSET STUDY CONDUCTED FOUR YEARS AGO. THE PROJECTS IDENTIFIED INCLUDE PENDING OPPORTUNITIES FOR EXPLORATION AS FUTURE GRAND ACTION PROJECTS WHICH MAY CONSIST OF: AN EXPANSION OF DEVOS PLACE, THE CONSTRUCTION OF AN OUTDOOR AMPHITHEATER, THE CONSTRUCTION OF A SOCCER/FIELD SPORTS ARENA, OR AN AERIAL TRANSPORTATION/GONDOLA PROJECT. THE RESEARCH WILL ASSIST GRAND ACTION IN DEVELOPING A PLAN AND STRATEGIES FOR FUTURE INVESTMENT IN DESTINATION ASSETS AND THE ECONOMIC DEVELOPMENT OF GRAND RAPIDS. GRAND ACTION FOUNDATION'S ROLE IS IN PROVIDING FINANCIAL SUPPORT FOR THESE STUDIES AND CONSTRUCTION OF POTENTIAL FUTURE PROJECTS.AS PART OF THIS PROCESS, GRAND ACTION FOUNDATION WILL CONTINUE TO WORK WITH GOVERNMENTAL BODIES, PUBLIC-PRIVATE PARTNERSHIPS, NONPROFIT ORGANIZATIONS, EDUCATIONAL INSTITUTIONS, COMMUNITY LEADERS, AND THE GENERAL PUBLIC IN PLANNING, PROMOTING, DEVELOPING, ORGANIZING, AND OVERSEEING THE REALIZATION OF CIVIC, CULTURAL, EDUCATIONAL, SCIENTIFIC RESEARCH, AND ENTERTAINMENT FACILITIES, WITH A GOAL OF FOSTERING, SUPPORTING, ENCOURAGING, AND REINFORCING ECONOMIC, SOCIAL, AND CULTURAL DEVELOPMENT IN THE GREATER GRAND RAPIDS AREA AND IN THE SURROUNDING AREAS OF WEST MICHIGAN. GAF 2.0'S WORK IS NEARING COMPLETION FOR THE PLANNING AND DESIGN FOR TWO PROJECTS, A DOWNTOWN AMPHITHEATER AND A SOCCER STADIUM. THE PROJECTS ARE IN THE LATE STAGES OF DESIGN AND DEVELOPMENT AND GAF 2.0 IS CONTINUING TO ADVANCE DESIGN DEVELOPMENT OF THE TWO FACILITIES AS MILESTONES ARE ACHIEVED AND GAF 2.0 WILL CONTINUE TO PROVIDE FINANCIAL SUPPORT FOR THE STUDIES, DESIGN AND CONSTRUCTION OF THE TWO FACILITIES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $49,208,375 | $23,573,841 | +1.1% |
| Expenses | $71,460,181 | $13,403,834 | +4.3% |
| Net Income | $-22,251,806 | $10,170,007 | -3.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| RICHARD DEVOS JR | PRESIDENT | 0.25 |
Officer
Director
|
$0 | $0 | $0 |
| CAROL VAN ANDEL | SECRETARY | 0.25 |
Officer
Director
|
$0 | $0 | $0 |
| THOMAS G WELCH JR | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KARA WOOD | EXECUTIVE DIRECTOR | 40.00 |
Officer
Director
|
$210,354 | $17,472 | $227,826 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $49,208,375 | $71,460,181 | $88,460,680 | $-22,251,806 |
| 2024 | $23,573,841 | $13,403,834 | $44,255,004 | $10,170,007 |
| 2023 | $3,045,526 | $2,749,655 | $21,400,941 | $295,871 |
| 2022 | $125,941 | $445,621 | $828,035 | $-319,680 |
| 2021 | $1,400,718 | $580,947 | $1,161,602 | $819,771 |
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