HOPE NETWORK SERVICES CORPORATION

EIN: 020626229 501(c)(3) Human Services

GRAND RAPIDS, MI

Total Revenue
$1,916,326
Total Expenses
$1,746,970
Total Assets
$867,458
Net Assets
$749,553
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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
2002
Legal Domicile
MI
Principal Officer
NATHAN TER BEEK
Phone
6163018000
Tax Period
2023-10-01 to 2024-09-30

HOPE NETWORK SERVICES CORPORATION, founded in 2002, is a community nonprofit in the Human Services sector that reported $1.9M in total revenue in fiscal year 2023. Expenses of $1.7M left a modest 9% surplus.

Mission

IN CHRISTIAN SERVICE, HOPE NETWORK EMPOWERS PEOPLE TO OVERCOME CHALLENGES TO ACHIEVE THEIR HIGHEST LEVEL OF INDEPENDENCE.

Program Service Accomplishments

Program 1
Expenses: $1,457,670 Revenue: $1,916,326

PEOPLE WITH DISABILITIES FACE A MUCH HIGHER UNEMPLOYMENT RATE THAN THE POPULATION AT LARGE. HOPE NETWORK SERVICES CORPORATION TRAINS AND EMPLOYS PEOPLE WITH PHYSICAL, MENTAL, OR EMOTIONAL...

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PEOPLE WITH DISABILITIES FACE A MUCH HIGHER UNEMPLOYMENT RATE THAN THE POPULATION AT LARGE. HOPE NETWORK SERVICES CORPORATION TRAINS AND EMPLOYS PEOPLE WITH PHYSICAL, MENTAL, OR EMOTIONAL DISABILITIES IN JANITORIAL POSITIONS, GROUNDS WORK, SNOW REMOVAL AND LANDSCAPING SERVICES. EMPLOYEES PROVIDE SERVICES AT GOVERNMENT BUILDINGS, BUSINESSES, AND ORGANIZATIONS IN WEST MICHIGAN.

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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 $1,916,326
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,916,326

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,208,597
Fundraising Expenses $0
Program Expenses $1,457,670
Other Expenses $538,373
TOTAL EXPENSES $1,746,970

Year-over-Year Comparison

2023 2022 Change
Revenue $1,916,326 $1,830,581 +0.0%
Expenses $1,746,970 $1,668,873 +0.0%
Net Income $169,356 $161,708 +0.0%
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
3
Independent Members
N/A
Employees
33
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
$1,007,842
Total Directors
3
$1,007,842
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT VONKAENEL JR PRESIDENT 0.30
Officer Director
$0 $13,308 $487,783
TIMOTHY BECKER VICE PRESIDENT AND SECRETARY 0.30
Officer Director
$0 $19,900 $306,456
HEATHER ZAK TREASURER 0.30
Officer Director
$0 $9,683 $213,603
PHILLIP W WEAVER FORMER PRESIDENT 0.30
$0 $443 $200,010
WILLIAM ANSTEY FORMER TREASURER 0.30
$0 $3,451 $125,848
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 $1,916,326 $1,746,970 $867,458 $169,356
2023 $1,830,581 $1,668,873 $665,421 $161,708
2022 $1,880,979 $1,490,327 $509,498 $390,652
2021 $1,648,001 $1,493,578 $150,305 $154,423
2020 $1,479,350 $1,525,054 $156,443 $-45,704
2019 $1,453,324 $1,481,058 $398,155 $-27,734
2018 $1,425,763 $1,541,837 $207,902 $-116,074
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