Convoy of Hope

The information on this page was last updated 5/26/2022. If you see errors or omissions, please email: [email protected]


Summary

Convoy of Hope is a faith-based, nonprofit organization with a driving passion to feed the world through children's feeding initiatives, community outreach, and disaster response.

In partnership with local churches, businesses, civic organizations, and government agencies, Convoy strategically offers help and hope to communities around the world.


Contact information

Mailing address:
Convoy of Hope
P.O. Box 1125
Springfield, MO 65801

Website: convoyofhope.org

Phone: (417) 823-8998

Email: [email protected]


Organization details

EIN: 680051386

CEO/President: Mr. Hal Donaldson

Chairman: Dr. Aaron Cole

Board size: 16

Founder: Hal Donaldson

Ruling year: 2020

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2001


Purpose

Convoy of Hope's goal is to bring help and hope to those who are impoverished, hungry, and hurting.


Mission statement

Convoy of Hope is a nonprofit organization on a mission to feed the hungry and bring help and hope to communities that need it most.


Statement of faith

Donor confidence score

Show donor confidence score details

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Relief and Development

CategoryRatingOverall rankSector rank
Overall efficiency rating115 of 102516 of 85
Fund acquisition rating209 of 102721 of 85
Resource allocation rating246 of 102722 of 85
Asset utilization rating293 of 102530 of 85

Financial ratios

Funding ratiosSector median20212020201920182017
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%3%4%9%4%3%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%3%4%9%4%3%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
99%97%98%98%99%99%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%3%4%9%4%3%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
1%3%2%2%1%1%
 
Operating ratiosSector median20212020201920182017
Program expense ratio Program expense ratio =
Program services /
Total expenses
85%91%92%87%88%90%
Spending ratio Spending ratio =
Total expenses /
Total revenue
93%84%93%97%96%90%
Program output ratio Program output ratio =
Program services /
Total revenue
78%76%86%85%84%81%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
7%16%7%3%4%10%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
14%45%28%9%13%35%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
7%6%3%4%8%6%
 
Investing ratiosSector median20212020201920182017
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.492.223.142.432.692.77
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.221.221.251.151.291.36
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.112.713.942.813.463.78
 
Liquidity ratiosSector median20212020201920182017
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.5931.077.005.1418.8512.24
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.030.140.190.050.08
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.714.282.613.443.282.92
 
Solvency ratiosSector median20212020201920182017
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
11%3%19%20%8%11%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%7%3%4%5%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
54%44%26%33%34%32%

Financials

Balance sheet
 
Assets20212020201920182017
Cash$62,070,806$31,363,092$26,095,901$21,805,050$14,816,758
Receivables, inventories, prepaids$33,291,133$15,248,657$14,825,420$15,831,849$14,905,197
Short-term investments$39,692,308$40,716,166$28,411,225$12,183,500$12,562,446
Other current assets$215,798$143,629$20,253$8,101$19,920
Total current assets$135,270,045$87,471,544$69,352,799$49,828,500$42,304,321
Long-term investments$0$0$0$0$1,044,323
Fixed assets$29,055,838$21,078,557$9,992,524$13,347,997$13,528,437
Other long-term assets$1,179,603$1,155,068$729,057$967,332$857,733
Total long-term assets$30,235,441$22,233,625$10,721,581$14,315,329$15,430,493
Total assets$165,505,486$109,705,169$80,074,380$64,143,829$57,734,814
 
Liabilities20212020201920182017
Payables and accrued expenses$4,353,206$5,510,346$2,873,840$2,642,738$3,455,152
Other current liabilities$0$6,979,672$10,621,237$0$0
Total current liabilities$4,353,206$12,490,018$13,495,077$2,642,738$3,455,152
Debt$6,508$7,874,251$2,353,688$2,777,615$3,044,524
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$6,508$7,874,251$2,353,688$2,777,615$3,044,524
Total liabilities$4,359,714$20,364,269$15,848,765$5,420,353$6,499,676
 
Net assets20212020201920182017
Without donor restrictions$150,962,032$84,874,748$51,682,405$42,229,411$31,964,268
With donor restrictions$10,183,743$4,466,152$12,543,210$16,494,065$19,270,870
Net assets$161,145,772$89,340,900$64,225,615$58,723,476$51,235,138
 
Revenues and expenses
 
Revenue20212020201920182017
Total contributions$427,274,097$362,570,999$196,922,531$178,401,930$176,202,822
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$5,490,191$1,935,057$1,006,573$350,805$657,675
Other revenue$6,118,459$4,822,468$2,285,209$1,217,891$1,129,094
Total other revenue$11,608,650$6,757,525$3,291,782$1,568,696$1,786,769
Total revenue$438,882,747$369,328,524$200,214,313$179,970,626$177,989,591
 
Expenses20212020201920182017
Program services$333,657,889$317,857,171$170,018,768$151,435,385$144,506,707
Management and general$21,564,744$11,007,122$6,838,189$14,552,456$9,844,859
Fundraising$11,855,239$15,348,946$17,855,217$6,494,447$5,521,322
Total expenses$367,077,872$344,213,239$194,712,174$172,482,288$159,872,888
 
Change in net assets20212020201920182017
Surplus (deficit)$71,804,875$25,115,285$5,502,139$7,488,338$18,116,703
Other changes in net assets$0$0$0$0$0
Total change in net assets$71,804,875$25,115,285$5,502,139$7,488,338$18,116,703

Compensation

NameTitleCompensation
Hal DonaldsonPresident$459,680
Keith BoucherSenior VP and COO$255,299
Rick WaggonerSr VP and Cdo$249,391
Daniel Clark JrVP-Partner Development$248,920
Kregg HoodSr VP and Cbo$218,307
David RogersVP- Partner Relations$194,800
Erick MeierVP-Supply Chain$174,040
Kimarie PageVP - Development Resources$173,432
Randy RichVP-Administration$156,088
Kary KingslandSenior Vp-Rural Initatives$155,761
Brad RosenburgSr VP and Cpo$112,784
June MiddletonCFO$20,305

Compensation data as of: 12/31/2020


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 5/26/2022. To update the information below, please email: [email protected]


History

1969 - Founder Hal Donaldson's father was killed in a tragic car crash. Through the kindness of neighbors, Hal and his family managed to make ends meet. The compassion they received would later lay the foundation for Convoy of Hope.

1994 - Meetings with Mother Teresa, and missionaries Mark and Huldah Buntain, inspired Hal Donaldson and a handful of dedicated family and friends to establish Convoy of Hope and host the first outreaches called "Care Days."

1994 - Convoy of Hope more than doubled the number of events held the previous year, and opened its headquarters in Springfield, Missouri.

1997 - A friend donated the first tractor-trailer to Convoy of Hope.

1998 - First U.S. and international disaster responses were conducted.

1999 - Convoy of Hope served its one-millionth person. Operations continued to expand in the U.S. and around the world.

2000 - The Convoy of Hope World Distribution Center opened, dramatically increasing capacity to store and distribute food and supplies.

2001 - When the 9/11 terrorist attacks occurred in New York City, Convoy of Hope responded with food, water, and relief supplies.

2005 - Convoy of Hope distributed nearly 1,000 tractor-trailer loads of food and supplies in response to Hurricane Katrina.

2007 - The 100th country was served and the Children's Feeding program began in El Salvador.

2008 - Convoy of Hope surpassed $100 million in donated food and supplies. More than 20 million people were served since 1994.

2009 - More than 20,000 kids were engaged in the Children's Feeding program in 2009. In total, 30 million people had been served.

2010 - Convoy of Hope's Women's Empowerment initiative started in Ethiopia. After Haiti's massive earthquake, Convoy distributed emergency aid and dramatically increased the number of children being fed throughout the recovery process.

2011 - Farmers in Haiti began to receive training through Convoy of Hope's new Agriculture initiative. A major milestone was crossed when more than 100,000 people were engaged in the Children's Feeding program.

2012 - Convoy of Hope surpassed 50 million people served.

2014 - Las Vegas, Nevada, was host to Convoy of Hope's 1,000th Community Event.

By 2015, more than 6,000 women were trained and equipped by Convoy of Hope's Women's Empowerment initiative.

2016 - More than 10,000 participants completed training in Convoy of Hope's Agriculture initiative by 2016. Farms and gardens around the world experienced increased harvests.

Hurricanes Harvey, Irma, and Maria caused enormous damage across the Caribbean, and in Houston, Texas. Convoy of Hope made a long-term commitment to the people of Puerto Rico.

2018 - The Hope Education Network was launched, creating an opportunity for future humanitarian workers to learn from Convoy of Hope's experience.

2019 - In 2019, 300,000 children were engaged in Convoy of Hope's Children's Feeding program.

2020 - Convoy of Hope responded to the COVID-19 pandemic by distributing more than 200 million meals.

2021 - Convoy of Hope completed construction on its new World Distribution Center. Because of the generosity of friends, the facility was built debt-free and without using mission donations. It will expand Convoy's capacity to engage volunteers and serve vulnerable children and families around the world.


Program accomplishments


Needs