HOPE NETWORK

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1963

Legal Domicile

Principal Officer

NATHAN TER BEEK

Phone

6163018000

Tax Period

2023-10-01 to 2024-09-30

HOPE NETWORK, founded in 1963, is a mid-sized nonprofit in the Human Services sector that reported $16.6M in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $21.5M exceeded revenue, resulting in a 30% operating deficit.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $19,310,888 Revenue: $15,051,153

RIGHT NOW MORE THAN 60 MILLION PEOPLE IN THE U.S. SUFFER FROM PHYSICAL, MENTAL OR SOCIAL BARRIERS THAT IMPACT HOW THEY LIVE. ONE MILLION OF THEM LIVE HERE IN MICHIGAN. THAT'S LARGER THAN THE...

RIGHT NOW MORE THAN 60 MILLION PEOPLE IN THE U.S. SUFFER FROM PHYSICAL, MENTAL OR SOCIAL BARRIERS THAT IMPACT HOW THEY LIVE. ONE MILLION OF THEM LIVE HERE IN MICHIGAN. THAT'S LARGER THAN THE POPULATION OF DETROIT. A MAJORITY HAVE FALLEN THROUGH THE CRACKS AND ARE NOT RECEIVING THE CARE THEY DESERVE. AT HOPE NETWORK, WE ARE ADVOCATES FOR THOSE PEOPLE. FOR 60 YEARS, HOPE NETWORK HAS PROVIDED NEURO-REHABILITATION, BEHAVIORAL HEALTH, DEVELOPMENTAL AND SUPPORT SERVICES THAT GIVE PEOPLE A CHANCE TO OVERCOME LIFE'S CHALLENGES. WE DO THIS BECAUSE EVERY PERSON WAS CREATED TO LIVE LIFE TO THE FULLEST. WHETHER SOMEONE NEEDS INTENSIVE THERAPY, A RIDE TO AN APPOINTMENT OR ANY ONE OF OUR MANY COMMUNITY SUPPORT SERVICES, WE'RE READY TO SERVE. THE RESULTS ARE COUNTLESS STORIES OF RECOVERY, RESTORATION AND HOPE. FOR MORE INFORMATION ABOUT HOPE NETWORK, VISIT WWW.HOPENETWORK.ORG.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $180,442

Program Service Revenue $15,051,153

Investment Income $1,330,792

Other Revenue $0

TOTAL REVENUE $16,562,387

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,899,500

Fundraising Expenses $0

Program Expenses $19,310,888

Other Expenses $6,556,944

TOTAL EXPENSES $21,456,444

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,562,387	$11,979,482	+0.4%
Expenses	$21,456,444	$19,101,663	+0.1%
Net Income	$-4,894,057	$-7,122,181	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

183

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

$701,386

Total Directors

Key Employees

$679,754

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT HEYNEN	CHAIR	1.00	Officer Director	$0	$0	$0
PATRICK MILES JR	VICE CHAIR	1.00	Officer Director	$0	$0	$0
THOMAS SVITKOVICH	SECRETARY	1.00	Officer Director	$0	$0	$0
LYNN FERRIS	TRUSTEE	1.00	Director	$0	$0	$0
BILL LETTINGA JR	TRUSTEE	1.00	Director	$0	$0	$0
KATHIE HOEKSTRA	TRUSTEE	1.00	Director	$0	$0	$0
DARRYL ELMOUCHI MD	TRUSTEE	1.00	Director	$0	$0	$0
GAVIN MOHR	TREASURER	1.00	Officer Director	$0	$0	$0
JENNIFER JURGENS	TRUSTEE	1.00	Director	$0	$0	$0
SIDNEY RUBIN	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY LUMPP	TRUSTEE	1.00	Director	$0	$0	$0
SANDI JUDSON	TRUSTEE	1.00	Director	$0	$0	$0
JOANNE VOORHEES	FORMER TRUSTEE	1.00	Director	$0	$0	$0
KHAN J NEDD MD	FORMER TRUSTEE	1.00	Director	$0	$0	$0
ROBERT VONKAENEL JR	PRESIDENT & CEO	40.00	Officer	$474,475	$13,308	$487,783
HEATHER ZAK	CHIEF FINANCIAL OFFICER	40.00	Officer	$203,920	$9,683	$213,603
TIMOTHY BECKER	CHIEF OPERATING OFFICER	40.00	Key Emp	$286,556	$19,900	$306,456
JOHN MCINERNEY	CHIEF INFORMATION OFFICER	40.00	Key Emp	$180,550	$21,893	$202,443
MICHELLE LOHMAN	SENIOR DIRECTOR OF FINANCE	40.00	Key Emp	$166,454	$4,401	$170,855
DR KIRAN TAYLOR	CHIEF MEDICAL OFFICER	40.00	Highest	$394,235	$23,908	$418,143
MICHAEL RANVILLE	FORMER EVP MARKETING	40.00	Highest	$167,489	$14,972	$182,461
KRISTEN PEARSALL	SENIOR DIRECTOR OF HR OPERATIONS	40.00	Highest	$141,976	$7,706	$149,682
JULIE ZUKOWSKI	SENIOR DIRECTOR OF FINANCE - SPECIAL PROJECTS	40.00	Highest	$141,767	$9,554	$151,321
DAN TRAVIS	CORPORATE CONTROLLER	40.00	Highest	$140,175	$16,107	$156,282
PHILLIP W WEAVER	FORMER PRESIDENT & CEO	40.00		$199,567	$443	$200,010

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	$16,562,387	$21,456,444	$-31,179,717	$-4,894,057
2023	$11,979,482	$19,101,663	$-25,695,258	$-7,122,181
2022	$11,496,495	$17,093,615	$-7,926,565	$-5,597,120
2021	$11,996,326	$19,315,335	$12,436,110	$-7,319,009
2020	$12,480,502	$29,445,661	$8,620,701	$-16,965,159
2019	$13,150,555	$20,684,752	$29,000,187	$-7,534,197
2018	$12,908,770	$22,053,189	$13,352,536	$-9,144,419