GRAND ACTION FOUNDATION 20 (EIN 383147133) - 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

1993

Legal Domicile

Principal Officer

RICHARD DEVOS JR

Phone

6162636600

Tax Period

2024-04-01 to 2025-03-31

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.

Mission

TO PROMOTE ECONOMIC & CULTURAL DEVELOPMENT OF GRAND RAPIDS, MI

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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 $48,589,060

Program Service Revenue $0

Investment Income $619,315

Other Revenue $0

TOTAL REVENUE $49,208,375

Expense Breakdown

Grants Paid $0

Salaries & Benefits $321,661

Fundraising Expenses $42,000

Program Expenses $71,154,013

Other Expenses $71,138,520

TOTAL EXPENSES $71,460,181

Year-over-Year Comparison

	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%

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

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

$227,826

Total Directors

$227,826

Key Employees

Highest Compensated

reported

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

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	$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

GRAND ACTION FOUNDATION 20