HOPE NETWORK (EIN 900805115) - 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

Principal Officer

NATHAN TER BEEK

Phone

6163018000

Tax Period

2023-10-01 to 2024-09-30

HOPE NETWORK is a major nonprofit in the Housing & Shelter sector that reported $183.8M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $168.0M 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 $15,042,593

Program Service Revenue $169,468,491

Investment Income $-128,176

Other Revenue $-618,079

TOTAL REVENUE $183,764,829

Expense Breakdown

Grants Paid $17,170

Salaries & Benefits $110,979,183

Fundraising Expenses $1,065,330

Program Expenses $150,828,677

Other Expenses $56,963,303

TOTAL EXPENSES $167,959,656

Year-over-Year Comparison

	2023	2022	Change
Revenue	$183,764,829	$165,555,027	+0.1%
Expenses	$167,959,656	$147,069,397	+0.1%
Net Income	$15,805,173	$18,485,630	-0.1%

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

3955

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

$2,410,835

Total Directors

$1,645,583

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGARET KROESE	DIRECTOR OF REHAB, ED OF REHAB	40.00	Officer Director	$200,074	$19,524	$219,598
JEFFREY BENNETT	DIRECTOR OF HN FOUNDATION	1.00	Director	$0	$0	$0
DAN DEVOS	DIRECTOR OF HN FOUNDATION	1.00	Director	$0	$0	$0
CONNIE LETTINGA	SECRETARY OF HN FOUNDATION	1.00	Officer Director	$0	$0	$0
LYNN FERRIS	DIRECTOR OF HN FOUNDATION	1.00	Director	$0	$0	$0
TOM SVITKOVICH	VICE CHAIR OF HN FOUNDATION	1.00	Officer Director	$0	$0	$0
SID RUBIN	DIRECTOR OF HN FOUNDATION	1.00	Director	$0	$0	$0
JASON ISRAELS	TREASURER OF HN FOUNDATION	1.00	Officer Director	$0	$0	$0
JIM ALTON	DIRECTOR OF HN FOUNDATION	1.00	Director	$0	$0	$0
TIMOTHY BECKER	SECRETARY, VP OF HOUSING	1.50	Officer Director	$0	$19,900	$306,456
SHELLEY IRWIN	DIRECTOR OF HN FOUNDATION	1.00	Director	$0	$0	$0
MIKE MRAZ	CHAIR OF HN FOUNDATION	1.00	Officer Director	$0	$0	$0
DR ANTHONY CHANG	DIRECTOR OF HN FOUNDATION	1.00	Director	$0	$0	$0
ROBERT VON KAENEL JR	PRESIDENT	1.50	Officer Director	$0	$13,308	$487,783
HEATHER ZAK	TREASURER	1.50	Officer Director	$0	$9,683	$213,603
DR KIRAN TAYLOR	DIRECTOR OF HOPE NETWORK PROFESSIONAL SERVICES	1.50	Officer Director	$0	$23,908	$418,143
DEBORAH MOCK	EXECUTIVE DIRECTOR OF BHS	40.00	Officer	$166,678	$14,568	$181,246
JAMIE BRAGG-LOVEJOY	FORMER EXEC DIR BHS EAST	40.00	Officer	$171,830	$5,218	$177,048
ANTHONY BARKER	EXECUTIVE DIRECTOR HOUSING	1.50	Officer	$0	$8,324	$152,939
ERIK WOLENBERG	FORMER EXECUTIVE DIRECTOR OF FOUNDATION	40.00	Officer	$117,851	$7,835	$125,686
AMANDA PLUMB	EXECUTIVE DIRECTOR BHS EAST	40.00	Officer	$114,472	$13,861	$128,333
YOLANDA GILES	MEDICAL DIRECTOR	40.00	Highest	$319,090	$8,306	$327,396
MARTIN WAALKES	PSYCHOLOGIST	40.00	Highest	$140,618	$4,891	$145,509
ANDREA PATRICK	PROGRAM MANAGER	40.00	Highest	$170,385	$3,957	$174,342
QUEEN LOTSU	PROGRAM MANAGER	40.00	Highest	$150,753	$3,090	$153,843
KORINNE PERRY	LEAD ADV PRACTIVE PROFESSIONAL	40.00	Highest	$144,843	$1,669	$146,512
PHILLIP W WEAVER	FORMER PRESIDENT	1.50		$0	$443	$200,010
WILLIAM ANSTEY	FORMER TREASURER	1.50		$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	$183,764,829	$167,959,656	$160,634,516	$15,805,173
2023	$165,555,027	$147,069,397	$144,975,915	$18,485,630
2022	$158,285,699	$147,314,748	$107,133,184	$10,970,951
2021	$153,118,901	$143,302,121	$101,187,581	$9,816,780
2020	$149,586,179	$147,349,371	$95,160,352	$2,236,808
2019	$156,117,363	$145,017,489	$106,358,398	$11,099,874
2018	$145,655,885	$135,639,349	$93,249,680	$10,016,536

HOPE NETWORK