HOPESPECTRUM HEALTH CCG DBA HOPE NETWORK NEURO REHABILITATION - LANSING

EIN: 383317919 501(c)(3) Housing & Shelter

GRAND RAPIDS, MI

Total Revenue
$7,685,372
Total Expenses
$5,224,644
Total Assets
$9,147,942
Net Assets
$8,039,436
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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
1998
Legal Domicile
MI
Principal Officer
HEATHER ZAK
Phone
6163018000
Tax Period
2022-10-01 to 2023-09-30

HOPESPECTRUM HEALTH CCG DBA HOPE NETWORK NEURO REHABILITATION - LANSING, founded in 1998, is a community nonprofit in the Housing & Shelter sector that reported $7.7M in total revenue in fiscal year 2022. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.5M, a strong 32% operating margin.

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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $7,681,072
Investment Income $4,300
Other Revenue $0
TOTAL REVENUE $7,685,372

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,381,741
Fundraising Expenses $0
Program Expenses $4,906,869
Other Expenses $1,842,903
TOTAL EXPENSES $5,224,644

Year-over-Year Comparison

2022 2021 Change
Revenue $7,685,372 $5,089,145 +0.5%
Expenses $5,224,644 $6,836,251 -0.2%
Net Income $2,460,728 $-1,747,106 -2.4%
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
4
Independent Members
N/A
Employees
176
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
6
$1,050,907
Total Directors
6
$1,050,907
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARGARET KROESE CHAIR/PRESIDENT 0.30
Officer Director
$0 $22,274 $216,747
PHILLIP WEAVER FORMER VICE PRESIDENT 0.30
Officer Director
$0 $11,712 $426,195
TIMOTHY BECKER SECRETARY 0.30
Officer Director
$0 $19,984 $273,638
WILLIAM ANSTEY FORMER TREASURER 0.30
Officer Director
$0 $2,094 $116,033
ROBERT VONKAENEL JR VICE PRESIDENT 0.30
Officer Director
$0 $1,057 $18,294
HEATHER ZAK TREASURER 0.30
Officer Director
$0 $0 $0
ANDRE PIERRE FORMER TREASURER 0.30
$0 $8,345 $198,290
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
2023 $7,685,372 $5,224,644 $9,147,942 $2,460,728
2022 $5,089,145 $6,836,251 $8,724,576 $-1,747,106
2021 $6,358,729 $6,133,954 $6,650,186 $224,775
2020 $6,652,025 $6,528,602 $5,884,409 $123,423
2019 $7,038,743 $6,751,570 $5,499,023 $287,173
2018 $7,228,123 $6,543,393 $5,002,474 $684,730
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