HOPE NETWORK SERVICES CORPORATION (EIN 020626229) - Form 990 Financial Analysis & Trantor Score

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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

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.

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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%)

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

Governance

Voting Members

Independent Members

N/A

Employees

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

$1,007,842

Total Directors

$1,007,842

Key Employees

Highest Compensated

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

HOPE NETWORK SERVICES CORPORATION