Van Andel Research Institute

Grand Rapids, Michigan

A-Health Score
76A-

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Very Good

How This Organization Compares

Compared to 17 peers in Medical Research with $100M-$1B revenue

Working Capital Ratio (net assets ÷ expenses)

This Org1.61×
Peer Median1.42×
💰
$340.0M
Total Revenue
📊
$112.0M
Total Expenses
🏦
$180.4M
Net Assets
📋
$16.8M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+136.5%
Year-over-year change (2022 → 2023)
Net Margin
+67.0%
Revenue minus expenses as % of revenue
Working Capital Ratio
1.61
Net assets divided by total expenses
Liabilities-to-Assets
8.5%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$340,011,886136%$112,044,4451%$197,193,15310%
2022$143,778,28252%$113,718,33816%$219,998,29513%
2021$94,830,9167%$98,445,3914%$253,165,46913%
2020$88,891,6783%$94,429,7705%$289,629,1456%
2019$86,360,028$99,641,72816%$274,298,50219%
2018$86,468,8834%$86,205,64814%$229,968,9357%
2017$83,066,84140%$75,551,6664%$247,321,206
2016$59,508,8899%$72,643,2565%$247,782,6451%
2015$65,448,26713%$69,140,6664%$250,842,142
2014$75,055,98220%$66,574,7672%$251,725,43212%
2013$62,599,32911%$68,033,7911%$224,789,77316%
2012$70,043,77710%$68,557,8095%$267,685,6681%
2011$63,688,840$65,553,404$270,167,888

Frequently Asked Questions

What does Van Andel Research Institute do?

Van Andel Research Institute is a medical research nonprofit organization based in Michigan. It is classified under NTEE code H300 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Van Andel Research Institute financially healthy?

Based on our 9-metric Financial Health Score model, Van Andel Research Institute has a score of 76/100 (Grade: A-). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Van Andel Research Institute generate?

Van Andel Research Institute reports $112.7M in annual revenue and holds $190.5M in total assets, based on IRS filings.

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