VAN ANDEL EDUCATION INSTITUTE

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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

Principal Officer

TIMOTHY J MYERS

Phone

6162345000

Tax Period

2023-12-01 to 2024-11-30

VAN ANDEL EDUCATION INSTITUTE, founded in 1996, is a community nonprofit in the Education sector that reported $5.7M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $7.0M exceeded revenue, resulting in a 22% operating deficit.

Mission

OPERATION OF VAN ANDEL INSTITUTE GRADUATE SCHOOL (VAIGS) AND VAN ANDEL EDUCATION INSTITUTE (VAEI).

Program Service Accomplishments

Program 1

Expenses: $842,467 Revenue: $42,282

VAN ANDEL EDUCATION INSTITUTE ("VAEI") OFFERS EDUCATION PROGRAMS FOR K-12 STUDENTS AND TEACHERS. VAEI IS DEDICATED TO CREATING CLASSROOMS WHERE CURIOSITY AND CREATIVITY THRIVE. VAEI PROGRAMS INCLUDE AFTER-SCHOOL PROGRAMS AND SUMMER CAMPS. VAEI SERVED MORE THAN 6,000 STUDENTS AND 3,000 TEACHERS IN 2024.

Program 2

Expenses: $4,905,985

VAEI SUPPORTS THE VAN ANDEL INSTITUTE GRADUATE SCHOOL("VAIGS") IN FULFILLING ITS MISSION TO DEVELOP BIOMEDICAL RESEARCH LEADERS THROUGH A GRADUATE PROGRAM IN MOLECULAR AND CELL BIOLOGY WITH AN...

VAEI SUPPORTS THE VAN ANDEL INSTITUTE GRADUATE SCHOOL("VAIGS") IN FULFILLING ITS MISSION TO DEVELOP BIOMEDICAL RESEARCH LEADERS THROUGH A GRADUATE PROGRAM IN MOLECULAR AND CELL BIOLOGY WITH AN EMPHASIS ON THE APPLICATION OF BASIC SCIENCE TO IMPROVE HUMAN HEALTH AND WELL-BEING. GRADUATES OF THE PROGRAM, WITH PHD OR MS DEGREES, WILL BE PREPARED TO LEAD RESEARCH IN ACADEMIC OR INDUSTRY SETTINGS, APPLY BASIC RESEARCH TO IMPORTANT MEDICAL ISSUES, PROVIDE PROFESSIONAL SERVICES SUPPORTING RESEARCH AND ITS APPLICATION, AND SHARE THEIR KNOWLEDGE AND EXPERIENCE WITH SCIENTISTS, PHYSICIANS, AND THE PUBLIC. VAN ANDEL RESEARCH INSTITUTE ("VARI") INVESTIGATORS TEACH STUDENTS IN CLASSROOM AND LABORATORY.(SEE SCH O)VAN ANDEL INSTITUTE GRADUATE SCHOOL WAS GRANTED REAFFIRMATION OF ACCREDITATION BY THE HIGHER LEARNING COMMISSION OF THE NORTH CENTRAL ASSOCIATION OF COLLEGES AND SCHOOLS IN MAY 2024.

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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 $5,533,412

Program Service Revenue $42,282

Investment Income $0

Other Revenue $115,256

TOTAL REVENUE $5,690,950

Expense Breakdown

Grants Paid $4,905,985

Salaries & Benefits $840,577

Fundraising Expenses $4,841

Program Expenses $5,748,452

Other Expenses $1,214,816

TOTAL EXPENSES $6,966,219

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,690,950	$4,865,426	+0.2%
Expenses	$6,966,219	$5,243,761	+0.3%
Net Income	$-1,275,269	$-378,335	+2.4%

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

Governance

Voting Members

Independent Members

Employees

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

$1,807,937

Total Directors

$866,346

Key Employees

$1,216,274

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID VAN ANDEL	CHAIRMAN / CEO	1.00	Officer Director	$0	$108,088	$799,596
DR JUAN OLIVAREZ	VAEI TRUSTEE	1.00	Director	$9,500	$0	$27,500
DR JAMES BULTMAN	VAEI TRUSTEE	1.00	Director	$11,500	$0	$15,250
SUSAN MEELL	VAEI TRUSTEE	1.00	Director	$14,500	$0	$14,500
TERESA WEATHERALL-NEAL	VAEI TRUSTEE	1.00	Director	$9,500	$0	$9,500
TIMOTHY MYERS	CAO/CFO	1.00	Officer	$0	$93,423	$586,323
TERRA TARANGO	VAEI DIRECTOR	7.00	Officer	$0	$72,913	$422,018
THOMAS CURRAN JR	GENERAL COUNSEL	1.00	Key Emp	$0	$95,143	$612,974
GERALD CALLAHAN	CHIEF STRATEGIC OFFICER - END 7/2024	1.00	Key Emp	$0	$95,178	$603,300
CHRISTY MAYO	DIRECTOR OF ENROLLMENT	0.00	Highest	$0	$21,984	$139,690
TAYLOR BOYD	DIRECTOR OF ASSESSMENT & PD	0.00	Highest	$0	$20,397	$122,450
SARAH BODBYL	ASSOCIATE DEAN OF GRADUATE SCHOOL	0.00	Highest	$0	$25,642	$181,394

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	$5,690,950	$6,966,219	$11,690,466	$-1,275,269
2023	$4,865,426	$5,243,761	$6,337,931	$-378,335
2022	$4,823,357	$4,725,291	$5,113,331	$98,066
2021	$4,478,189	$4,123,678	$5,116,980	$354,511
2020	$4,153,083	$4,124,805	$4,597,370	$28,278