Hopespectrum Health Ccg Dba Hope Network Neuro Rehabilitation - Lansing

Nonprofit profile at a glance

EIN
383317919
IRS 990 coverage
2009–2022
Forms available
Form 990 2022
Location
Grand Rapids, MI, USA
Phone
6163018000
Rating
57
Verdict
MIXED
Rating confidence
Moderate
Sector
Housing Development, Construction, Management
Affiliation
Christianity

Official website

Reported finances

Revenue
$7,685,372
Expenses
$5,224,644
Assets
$9,147,942
Liabilities
$1,108,506

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • MARGARET KROESE (CHAIR/PRESIDENT)
  • PHILLIP WEAVER (FORMER VICE PRESIDENT)
  • ROBERT VONKAENEL JR (VICE PRESIDENT)

Highest reported compensation

  • PHILLIP WEAVER (FORMER VICE PRESIDENT): $426,195 total reported compensation
  • TIMOTHY BECKER (SECRETARY): $273,638 total reported compensation
  • MARGARET KROESE (CHAIR/PRESIDENT): $216,747 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. 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 2022

The hope/spectrum health partnership provides residential and outpatient services, including neuropsychology, physical, speech and occupational therapy, as well as vocational rehab and job coaching.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The program-spending lines do not add up, so the filing cannot show reliably whether the nonprofit works directly or through others.

The verdict

MIXED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 67
  • Transparency & Controls: 60
  • Accountability: 37
  • Sustainability: 74
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 63.9%; rating input score 64
  • Program expense ratio: 93.9%; rating input score 94
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 3rd 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: 32%; rating input score 87; 87th percentile among comparable filings
  • Total-asset coverage ratio: 1.75; rating input score 57; 57th percentile among comparable filings
  • Liabilities to assets ratio: 0.12; rating input score 58; 58th percentile among comparable filings
  • Officer compensation ratio: 1.3%; rating input score 79; 79th percentile among comparable filings

Growth

  • Program expense growth: -1.2% per year; rating input score 0; 14th percentile among comparable filings
  • Revenue growth: -0.3% per year; rating input score 0; 13th percentile among comparable filings
  • Asset growth: 2.6% per year; rating input score 100; 25th percentile among comparable filings

Details

  • Where the money goes: 63.9% of revenue deployed · 93.9% of spending went to programs
  • Governance: 0 of 4 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $4.9M in reported program spending
  • Leadership: top reported pay $426K · 7 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 29 of 29 current checks pass
  • Schedules: 6 filed schedules · includes executive pay
  • Filing history: 13 filing years from 2009 to 2022
  • Contacts: How to reach this organization
  • Related organizations: 47 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.

  • High — Accountability: Independent voting board scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 57/100.
  • Review — Sustainability: Liabilities to assets ratio scored 58/100.