VETERANS EDUCATION AND RESEARCH ASSOCIATION OF MICHIGAN

What Veterans Education and Research Association of Michigan does

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended.

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $4.5M to $5.7M (+27%).

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

Government-grant reliance: 2017 61% · 2018 59% · 2019 43% · 2020 57% · 2021 71% · 2022 77% · 2023 50% · 2024 37% · 2025 46%. Grants only. Government contracts and fees sit inside program revenue.

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 9 reported years ran a deficit.

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Who funds it, year by year

2017 → 2023: the base broadened from 2 funders to 3 funders, grant income rose $219k → $373k.

From the IRS filings of VETERANS EDUCATION AND RESEARCH ASSOCIATION OF MICHIGAN’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

VETERANS EDUCATION AND RESEARCH ASSOCIATION OF MICHIGAN leans on a few funders — its largest provides 45% of grant income and the top three 86%; half comes from just 2 funders.

100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund VETERANS EDUCATION AND RESEARCH ASSOCIATION OF MICHIGAN.

Largest funder’s share by year: 2017 91% · 2018 68% · 2019 100% · 2020 94% · 2021 56% · 2022 51% · 2023 60% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

50% of VETERANS EDUCATION AND RESEARCH ASSOCIATION OF MICHIGAN's funders are still giving 3 years after their first grant; 50% give in more than one year at all.

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

VETERANS EDUCATION AND RESEARCH ASSOCIATION OF MICHIGAN draws 100% of its grant income from funders outside Michigan, across 7 states in all.

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.