HOPE COLLEGE

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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

1866

Legal Domicile

Principal Officer

THOMAS BYLSMA

Phone

6163957810

Tax Period

2022-07-01 to 2023-06-30

HOPE COLLEGE, founded in 1866, is a major nonprofit in the Education sector that reported $181.7M in total revenue in fiscal year 2022. Net assets of $504.4M represent 33 months of operating reserves.

Mission

THE MISSION OF HOPE COLLEGE IS TO EDUCATE STUDENTS FOR LIVES OF LEADERSHIP AND SERVICE IN A GLOBAL SOCIETY THROUGH ACADEMIC AND CO-CURRICULAR PROGRAMS OF RECOGNIZED EXCELLENCE IN THE LIBERAL ARTS AND IN THE CONTEXT OF THE HISTORIC CHRISTIAN FAITH.

Program Service Accomplishments

Program 1

Expenses: $160,345,130 Revenue: $142,746,440

THE ORGANIZATION PROVIDED COMPREHENSIVE LITERACY & SCIENCE COURSES OF STUDY TO APPROXIMATELY 3,123 FULL TIME EQUIVALENT STUDENTS IN THE FALL OF 2022 AND 2,890 IN THE SPRING OF 2023. THE ORGANIZATION WAS ALSO INVOLVED IN ADMINISTRATIVE, AUXILLARY OPERATIONS & STUDENT SERVICES TO SUPPORT THE CAMPUS.

Program 2

Expenses: $8,709,239 Revenue: $7,753,356

THE ORGANIZATION IS INVOLVED IN RESEARCH TO MAINTAIN ONE OF THE TOP CHEMISTRY & BIOLOGY DEPTS IN THE COUNTRY, UTILIZE RESEARCH AS A TEACHING TOOL IN THE CLASSROOM & TO FACILITATE LEARNING.

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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 (2022)

Revenue Breakdown

Contributions & Grants $17,909,562

Program Service Revenue $151,353,838

Investment Income $11,266,701

Other Revenue $1,139,944

TOTAL REVENUE $181,670,045

Expense Breakdown

Grants Paid $56,624,312

Salaries & Benefits $74,842,223

Fundraising Expenses $4,016,697

Program Expenses $169,054,369

Other Expenses $55,705,192

TOTAL EXPENSES $187,171,727

Year-over-Year Comparison

	2022	2021	Change
Revenue	$181,670,045	$188,512,497	0.0%
Expenses	$187,171,727	$176,485,315	+0.1%
Net Income	$-5,501,682	$12,027,182	-1.5%

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

Employees

3198

Volunteers

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

$821,926

Total Directors

$539,216

Key Employees

$821,713

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW SCOGIN	PRESIDENT	50.00	Officer Director	$254,384	$80,423	$334,807
DR LLENA CHAVIS	TRUSTEE/FACULTY	40.00	Director	$80,108	$26,934	$107,042
DR JEANNE PETIT	TRUSTEE/FACULTY	40.00	Director	$70,433	$26,934	$97,367
DR STEPHEN BOERIGHTER	CHAIR	1.00	Officer Director	$0	$0	$0
DR MATTHEW WIXON	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
SANDRA GADDY	SECRETARY	1.00	Officer Director	$0	$0	$0
VICTORIA BRUNN	TRUSTEE	1.00	Director	$0	$0	$0
DOUGLAS CONANCT	TRUSTEE	1.00	Director	$0	$0	$0
REVEREND EDDY ALEMAN	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN GIBBS	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS GORDON	TRUSTEE	1.00	Director	$0	$0	$0
DR NATHAN HART	TRUSTEE	1.00	Director	$0	$0	$0
LISA JOLDERSMA	TRUSTEE	1.00	Director	$0	$0	$0
TIMOTHY LONG	TRUSTEE	1.00	Director	$0	$0	$0
JIM MCFARLIN	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW OHM	TRUSTEE	1.00	Director	$0	$0	$0
MARGARET MILLER WILLIT	TRUSTEE	1.00	Director	$0	$0	$0
TIMOTHY VANDEBUNTE	TRUSTEE	1.00	Director	$0	$0	$0
CAROL VANANDEL	TRUSTEE	1.00	Director	$0	$0	$0
THE RIGHT REVEREND EUGENE SUTTON	TRUSTEE	1.00	Director	$0	$0	$0
DR EDWARD JONATHAN SODERSTROM	TRUSTEE	1.00	Director	$0	$0	$0
LESLIE SCHOON-MONDAY	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL PITSENBERGER	TRUSTEE	1.00	Director	$0	$0	$0
DAVID PAUL	TRUSTEE	1.00	Director	$0	$0	$0
LAURA PAREDES	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS BYLSMA	VP FOR FINANCE/CFO	50.00	Officer	$210,639	$48,941	$259,580
GERALD D GRIFFIN	PROVOST	50.00	Officer	$200,500	$27,039	$227,539
RICHARD J PUCKETT	VP FOR DEVELOPMENT	45.00	Key Emp	$252,768	$61,625	$314,393
WILLIAM VANDERBILT	VICE PRESIDENT	45.00	Key Emp	$191,793	$74,962	$266,755
JENNIFER FELLINGER	VP FOR PUBLIC AFFAIRS/MARK	45.00	Key Emp	$200,500	$40,065	$240,565
AARON BEST	FACULTY	40.00	Highest	$167,303	$54,412	$221,715
ROBERT A ANDERSON	AVP PLANNED GIVING	40.00	Highest	$153,000	$27,901	$180,901
LORI MULDER	DIRECTOR OF HR	40.00	Highest	$152,971	$21,731	$174,702
CHARLOTTE VANOYEN-WITVLIET	FACULTY	40.00	Highest	$150,769	$21,713	$172,482
SCOTT VANDERSTOEP	DEAN OF SOCIAL SCIENCES	40.00	Highest	$149,830	$27,524	$177,354

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$181,670,045	$187,171,727	$556,663,135	$-5,501,682
2022	$188,512,497	$176,485,315	$551,187,354	$12,027,182
2021	$186,977,836	$164,101,083	$580,555,530	$22,876,753
2020	$161,551,169	$154,963,019	$493,947,019	$6,588,150
2019	$161,497,476	$157,849,940	$496,373,575	$3,647,536
2018	$163,936,373	$154,921,818	$490,988,344	$9,014,555