Van Andel Institute Graduate School
Van Andel Institute Graduate School faces significant deficit and increased liabilities in latest fiscal period.
EIN: 203340886 · Grand Rapids, MI · NTEE: B60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $5.3M |
| Program Spending | 80% |
| Net Assets | $-1,682,801 |
| Transparency Score | 65/100 |
Is Van Andel Institute Graduate School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Van Andel Institute Graduate School directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Van Andel Institute Graduate School
Van Andel Institute Graduate School (EIN: 203340886) is a nonprofit organization based in Grand Rapids, MI, classified under NTEE code B60. The organization reported total revenue of $1.4M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Van Andel Institute Graduate School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Van Andel Institute Graduate School is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $5.3M |
| Surplus / Deficit | $-2,799,640 |
| Total Assets | $2.5M |
| Total Liabilities | $4.2M |
| Net Assets | $-1,682,801 |
| Operating Margin | -112.5% |
| Debt-to-Asset Ratio | 167.4% |
| Months of Reserves | 5.7 months |
Financial Health Grade: C
In 2023, Van Andel Institute Graduate School reported a deficit of $2.8M with expenses exceeding revenue, holds 5.7 months of operating reserves (adequate), has a debt-to-asset ratio of 167.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Van Andel Institute Graduate School's revenue has grown at a compound annual growth rate (CAGR) of 8.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -49.3% | +4.2% | +80.0% |
| 2022 | +1.0% | +18.8% | -7.1% |
| 2021 | -4.1% | +1.9% | +31.5% |
| 2020 | +39.8% | +16.0% | +3589.7% |
| 2019 | +19.4% | +19.3% | +197.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Van Andel Institute Graduate School with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Van Andel Institute Graduate School allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 167.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of this size and suggests a strong commitment to directing funds to its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Van Andel Institute Graduate School's IRS 990 filings:
- Significant deficit in the latest fiscal period (202311) where expenses ($5,287,283) far exceeded revenue ($2,487,643).
- Dramatic increase in liabilities from $277,560 in 202211 to $4,178,759 in 202311.
- Inconsistent financial performance with large swings between surplus and deficit years.
- Assets ($2,495,958 in 202311) are largely offset by liabilities ($4,178,759) in the latest period, indicating negative net assets.
Strengths
The following positive indicators were identified for Van Andel Institute Graduate School:
- Consistent reporting of 0% officer compensation across all filings, indicating a strong commitment to mission-focused spending.
- History of generating substantial revenue, with several years exceeding $4 million.
- Focus on a specific educational mission (Graduate & Professional Schools).
Frequently Asked Questions about Van Andel Institute Graduate School
Is Van Andel Institute Graduate School a legitimate charity?
Based on AI analysis of IRS 990 filings, Van Andel Institute Graduate School (EIN: 203340886) some concerns. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
How does Van Andel Institute Graduate School spend its money?
Van Andel Institute Graduate School directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Van Andel Institute Graduate School tax-deductible?
Van Andel Institute Graduate School is registered as a tax-exempt nonprofit (EIN: 203340886). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Van Andel Institute Graduate School's spending goes to programs?
Van Andel Institute Graduate School directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Van Andel Institute Graduate School compare to similar nonprofits?
With a transparency score of 65/100 (Good), Van Andel Institute Graduate School is above average for NTEE category B60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Van Andel Institute Graduate School located?
Van Andel Institute Graduate School is headquartered in Grand Rapids, Michigan and files with the IRS under EIN 203340886. It is classified under NTEE code B60.
How many years of IRS 990 filings does Van Andel Institute Graduate School have?
Van Andel Institute Graduate School has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.4M in total revenue.
What caused the significant increase in liabilities to $4,178,759 in the 202311 period?
The IRS 990 data indicates a sharp rise in liabilities from $277,560 in 202211 to $4,178,759 in 202311, coinciding with a large deficit. Further investigation into the specific nature of these liabilities (e.g., loans, deferred revenue) would be necessary.
How does the organization plan to address the $2,799,640 deficit reported in the 202311 period (Expenses $5,287,283 - Revenue $2,487,643)?
The current filings do not provide a strategic plan for addressing this substantial deficit. This level of spending exceeding revenue is unsustainable long-term and would require either significant revenue growth or expense reduction.
What is the source of funding for the organization, given the fluctuating revenue and the absence of officer compensation?
While the filings show revenue, the specific breakdown of funding sources (e.g., tuition, grants, donations) is not detailed in the provided summary. The lack of officer compensation suggests a lean operational model or reliance on external support for leadership.
Filing History
IRS 990 filing history for Van Andel Institute Graduate School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Van Andel Institute Graduate School's revenue has grown by 158.2%, moving from $964K to $2.5M. Total assets increased by 249595700% over the same period, from $1 to $2.5M. Total functional expenses rose by 295%, from $1.3M to $5.3M. In its most recent filing year (2023), Van Andel Institute Graduate School reported a deficit of $2.8M, with expenses exceeding revenue. The organization holds $4.2M in liabilities against $2.5M in assets (debt-to-asset ratio: 167.4%), resulting in net assets of $-1,682,801.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $5.3M | $2.5M | $4.2M | — | — |
| 2022 | $4.9M | $5.1M | $1.4M | $278K | — | View 990 |
| 2021 | $4.9M | $4.3M | $1.5M | $211K | — | View 990 |
| 2020 | $5.1M | $4.2M | $1.1M | $451K | — | — |
| 2019 | $3.6M | $3.6M | $31K | $221K | — | View 990 |
| 2018 | $3.0M | $3.0M | $10K | $206K | — | View 990 |
| 2017 | $2.9M | $2.9M | $13K | $210K | — | — |
| 2016 | $2.2M | $2.2M | $6K | $226K | — | View 990 |
| 2015 | $2.0M | $2.0M | $6K | $197K | — | View 990 |
| 2014 | $2.0M | $1.9M | $6K | $238K | — | View 990 |
| 2013 | $1.6M | $1.7M | $3K | $284K | — | View 990 |
| 2012 | $1.8M | $1.5M | $0 | $178K | — | View 990 |
| 2011 | $964K | $1.3M | $1 | $504K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $5.3M, and assets of $2.5M (revenue -49.3% year-over-year).
- 2022: Revenue of $4.9M, expenses of $5.1M, and assets of $1.4M (revenue +1.0% year-over-year).
- 2021: Revenue of $4.9M, expenses of $4.3M, and assets of $1.5M (revenue -4.1% year-over-year).
- 2020: Revenue of $5.1M, expenses of $4.2M, and assets of $1.1M (revenue +39.8% year-over-year).
- 2019: Revenue of $3.6M, expenses of $3.6M, and assets of $31K (revenue +19.4% year-over-year).
- 2018: Revenue of $3.0M, expenses of $3.0M, and assets of $10K (revenue +4.6% year-over-year).
- 2017: Revenue of $2.9M, expenses of $2.9M, and assets of $13K (revenue +30.9% year-over-year).
- 2016: Revenue of $2.2M, expenses of $2.2M, and assets of $6K (revenue +8.5% year-over-year).
- 2015: Revenue of $2.0M, expenses of $2.0M, and assets of $6K (revenue +3.9% year-over-year).
- 2014: Revenue of $2.0M, expenses of $1.9M, and assets of $6K (revenue +23.7% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.7M, and assets of $3K (revenue -10.7% year-over-year).
- 2012: Revenue of $1.8M, expenses of $1.5M, and assets of $0 (revenue +84.6% year-over-year).
- 2011: Revenue of $964K, expenses of $1.3M, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Van Andel Institute Graduate School:
Data Sources and Methodology
This transparency report for Van Andel Institute Graduate School is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.