VAN ANDEL INSTITUTE

EIN: 522000820 501(c)(3) Philanthropy & Grantmaking

GRAND RAPIDS, MI

Total Revenue
$139,332,774
Total Expenses
$90,904,641
Total Assets
$2,237,961,296
Net Assets
$2,232,725,784
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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
1996
Legal Domicile
MI
Principal Officer
TIMOTHY J MYERS
Phone
6162345000
Tax Period
2023-12-01 to 2024-11-30

VAN ANDEL INSTITUTE, founded in 1996, is a major nonprofit in the Philanthropy & Grantmaking sector that reported $139.3M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $48.4M, a strong 35% operating margin.

Mission

SUPPORTING ORGANIZATION TO THE VAN ANDEL RESEARCH INSTITUTE AND VAN ANDEL EDUCATION INSTITUTE.TYPE III- FUNCTIONALLY INTEGRATED SUPPORTING ORGANIZATION OPERATED EXCLUSIVELY FOR THE BENEFIT OF THE VAN ANDEL RESEARCH INSTITUTE AND THE VAN ANDEL EDUCATION INSTITUTE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $24,296,166
Program Service Revenue $0
Investment Income $115,094,054
Other Revenue $-57,446
TOTAL REVENUE $139,332,774

Expense Breakdown

Grants Paid $66,839,024
Salaries & Benefits $35,000
Fundraising Expenses $2,834,916
Program Expenses $66,839,024
Other Expenses $24,030,617
TOTAL EXPENSES $90,904,641

Year-over-Year Comparison

2023 2022 Change
Revenue $139,332,774 $171,827,012 -0.2%
Expenses $90,904,641 $306,179,357 -0.7%
Net Income $48,428,133 $-134,352,345 -1.4%
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

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Governance

Voting Members
4
Independent Members
3
Employees
N/A
Volunteers
2

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
3
$2,122,812
Total Directors
4
$808,096
Key Employees
2
$1,216,274
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID VAN ANDEL CHAIRMAN / CEO 10.00
Officer Director
$0 $108,088 $799,596
JOHN KENNEDY TRUSTEE 1.00
Director
$0 $0 $0
MARK MEIJER TRUSTEE 1.00
Director
$0 $0 $0
CONSTANCE CHANG TRUSTEE 1.00
Director
$8,500 $0 $8,500
TIMOTHY MYERS CAO / CFO 1.00
Officer
$0 $93,423 $586,323
DR JANA HALL END 03312024 CHIEF OPERATIONS OFFICER 1.00
Officer
$0 $101,074 $736,893
THOMAS CURRAN JR GENERAL COUNSEL 1.00
Key Emp
$0 $95,143 $612,974
GERALD CALLAHAN CHIEF STRATEGIC OFFICER 1.00
Key Emp
$0 $95,178 $603,300
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 $139,332,774 $90,904,641 $2,237,961,296 $48,428,133
2024 No data No data No data No data
2023 $171,827,012 $306,179,357 $2,017,682,513 $-134,352,345
2022 $175,628,938 $112,969,414 $2,082,989,471 $62,659,524
2021 $297,361,845 $70,308,987 $2,123,026,794 $227,052,858
2020 $111,524,637 $69,463,683 $1,815,971,878 $42,060,954
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