HOPE HAVEN INC (EIN 420890017) - 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

1964

Legal Domicile

Principal Officer

RON BOOTE

Phone

7124762737

Tax Period

2024-07-01 to 2025-06-30

HOPE HAVEN INC, founded in 1964, is a mid-sized nonprofit that reported $56.3M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $48.9M left a modest 13% surplus.

Mission

NURTURING INDEPENDENCE THROUGH SERVICES FOR CHILDREN, ADULTS, AND FAMILIES WITH UNIQUE CHALLENGES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,480,777

Program Service Revenue $48,605,156

Investment Income $455,035

Other Revenue $1,742,503

TOTAL REVENUE $56,283,471

Expense Breakdown

Grants Paid $224,498

Salaries & Benefits $32,327,747

Fundraising Expenses $735,605

Program Expenses $42,381,798

Other Expenses $16,347,583

TOTAL EXPENSES $48,899,828

Year-over-Year Comparison

	2024	2023	Change
Revenue	$56,283,471	$48,696,975	+0.2%
Expenses	$48,899,828	$47,156,222	+0.0%
Net Income	$7,383,643	$1,540,753	+3.8%

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

899

Volunteers

100

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

$442,768

Total Directors

$269,737

Key Employees

$182,825

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RON BOOTE	PRESIDENT	10.00	Officer Director	$0	$0	$0
LYLE TEN HAKEN	VICE PRESIDENT	6.00	Officer Director	$0	$0	$0
NANCY DORHOUT	SECRETARY	6.00	Officer Director	$0	$0	$0
TODD VISSER	TREASURER	6.00	Officer Director	$0	$0	$0
HOWARD BEERNINK	BOARD MEMBER	4.00	Director	$0	$0	$0
DAVID HEILMAN	BOARD MEMBER	4.00	Director	$0	$0	$0
GREGG BOONE	BOARD MEMBER	4.00	Director	$0	$0	$0
STEPHEN BREEN	BOARD MEMBER (UNTIL DEC 2024)	2.00	Director	$0	$0	$0
LILY VAN BEEK	BOARD MEMBER	4.00	Director	$0	$0	$0
MARY SLOAN	BOARD MEMBER	4.00	Director	$0	$0	$0
HARVEY OPP	BOARD MEMBER	4.00	Director	$0	$0	$0
DALE HONKEN	BOARD MEMBER	4.00	Director	$0	$0	$0
KAREN FEY	BOARD MEMBER	4.00	Director	$0	$0	$0
MELISSA BOER	BOARD MEMBER (BEG JAN 2024)	2.00	Officer Director	$0	$0	$0
CHRIS VAN BEEK	BOARD MEMBER (BEG JAN 2024)	2.00	Officer Director	$0	$0	$0
JOELI DOKTER	BOARD MEMBER (BEG JAN 2024)	2.00	Director	$0	$0	$0
MATT BULEY	CEO	38.00	Officer Director	$242,337	$27,400	$269,737
TERRY MEYER	CFO	38.00	Officer	$160,793	$12,238	$173,031
LOY VANT HUL	DIRECTOR OF MANUFACTURING	40.00	Key Emp	$171,642	$11,183	$182,825
LISA SCHWANKE	CHIEF OF STAFF	40.00	Highest	$130,630	$12,224	$142,854
AUSTIN VANDE VEGTE	DIRECTOR OF MANUFACTURING	40.00	Highest	$106,631	$19,228	$125,859
CYNTHIA DAGEL	DIRECT SUPPORT PROFESSIONAL	80.00	Highest	$161,900	$16,246	$178,146
LUIS SALAZAR ARCE	MAINTENANCE	80.00	Highest	$128,565	$5,289	$133,854
JEFFREY DEWEERD	PRODUCT MANAGER	40.00	Highest	$101,948	$20,447	$122,395

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	$56,283,471	$48,899,828	$49,041,724	$7,383,643
2024	$48,696,975	$47,156,222	$41,497,704	$1,540,753
2023	$51,852,631	$49,483,859	$40,384,811	$2,368,772
2022	$51,176,008	$48,260,170	$37,686,994	$2,915,838
2021	$49,000,066	$44,997,185	$34,660,027	$4,002,881
2020	$45,570,489	$44,877,498	$30,545,287	$692,991
2019	$46,056,802	$45,221,870	$29,534,275	$834,932

HOPE HAVEN INC