Hope Network

Nonprofit profile at a glance

EIN
386108186
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Grand Rapids, MI, USA
Phone
6163018000
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Developmentally Disabled Centers
Affiliation
Christianity

Official website

Reported finances

Revenue
$22,673,681
Expenses
$23,844,839
Assets
$-34,635,711
Liabilities
$8,380,236

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

24 people listed

Executive titles in this filing

  • ROBERT VONKAENEL JR (PRESIDENT & CEO)

Highest reported compensation

  • KIRAN TAYLOR MD (CHIEF MEDICAL OFFICER): $431,967 total reported compensation
  • ROBERT VONKAENEL JR (PRESIDENT & CEO): $423,350 total reported compensation
  • TIMOTHY BECKER (CHIEF OPERATING OFFICER): $345,231 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

In christian service, hope network empowers people to overcome challenges to achieve their highest level of independence.

What it reported doing in 2024

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.

Operating model

Revenue model
Earned-program. 69% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 85% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 92
  • Accountability: 95
  • Sustainability: 9
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 95%; rating input score 95
  • Program expense ratio: 90.2%; rating input score 90
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -5.2%; rating input score 16; 16th percentile among comparable filings
  • Total-asset coverage ratio: -1.45; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 12%; rating input score 14; 14th percentile among comparable filings

Growth

  • Program expense growth: 3% per year; rating input score 100; 26th percentile among comparable filings
  • Revenue growth: 1.2% per year; rating input score 100; 13th percentile among comparable filings
  • Asset growth: -51% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 95% of revenue deployed · 90.2% of spending went to programs
  • Governance: 11 of 11 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $21.5M in reported program spending
  • Leadership: top reported pay $432K · 24 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $5.5M reported
  • Consistency: 36 of 36 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 12 filed money-flow records
  • Related organizations: 23 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Operating margin scored 16/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • High — Sustainability: Officer compensation ratio scored 14/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.