ANDECO INSTITUTE

EIN: 862787128 501(c)(3) Public & Societal Benefit

MCLEAN, VA

Total Revenue
$59,053,115
Total Expenses
$59,045,375
Total Assets
$3,850,830
Net Assets
$9,448
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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
2021
Legal Domicile
DE
Principal Officer
MATTHEW CARPENTER
Phone
8778295500
Tax Period
2023-01-01 to 2023-12-31

ANDECO INSTITUTE, founded in 2021, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $59.1M in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum.

Mission

ANDECO LEVERAGES EXPERIENCE IN COMMERCIAL INDUSTRY, ALONG WITH EXPERTISE IN GOVERNMENT CONTRACTING, TO ESTABLISH AND MANAGE A CONSORTIUM ENVIRONMENT WHERE THE U.S. GOVERNMENT AND INDUSTRY WORK JOINTLY WITH SPEED AND PRECISION. OUR FOCUS IS ON IDENTIFYING AND FULLY VETTING BEST IN CLASS DATA PROVIDERS WORKING IN ALL FACETS OF DATA COLLECTION AS POTENTIAL MEMBERS OF THE ADVANCED DATA CONSORTIUM.

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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 $0
Program Service Revenue $59,053,115
Investment Income $0
Other Revenue $0
TOTAL REVENUE $59,053,115

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,235,364
Fundraising Expenses $0
Program Expenses $59,045,375
Other Expenses $55,810,011
TOTAL EXPENSES $59,045,375

Year-over-Year Comparison

2023 2022 Change
Revenue $59,053,115 $40,662,169 +0.5%
Expenses $59,045,375 $40,660,461 +0.5%
Net Income $7,740 $1,708 +3.5%
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
6
Independent Members
3
Employees
21
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
3
$709,063
Total Directors
5
$1,188,230
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW CARPENTER PRESIDENT 2.00
Officer Director
$400,000 $0 $400,000
ELIZABETH BASICH SECRETARY 2.00
Officer Director
$154,688 $0 $154,688
MICHAEL NELSON TREASURER 2.00
Officer Director
$154,375 $0 $154,375
JOHN FOREHAND BOARD MEMBER 2.00
Director
$250,000 $0 $250,000
JOE KYSER BOARD MEMBER 2.00
Director
$229,167 $0 $229,167
DAVID UPTON HIGHEST COMPENSATED EMPLOYEE 2.00
Highest
$182,516 $0 $182,516
JOHN MILLER HIGHEST COMPENSATED EMPLOYEE 2.00
Highest
$172,231 $0 $172,231
CHRISTINE BULLARD HIGHEST COMPENSATED EMPLOYEE 2.00
Highest
$162,844 $0 $162,844
JOHN KEYERLEBER HIGHEST COMPENSATED EMPLOYEE 2.00
Highest
$153,360 $0 $153,360
JOSEPH CARDONE HIGHEST COMPENSATED EMPLOYEE 2.00
Highest
$154,375 $0 $154,375
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 No data No data No data No data
2023 $59,053,115 $59,045,375 $3,850,830 $7,740
2022 $40,662,169 $40,660,461 $10,033,016 $1,708
2021 $9,918,710 $9,918,710 $1,780,558 No data
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