Convoy of Hope

Summary

Convoy of Hope partners with churches, humanitarian groups, businesses, civic organizations, and volunteers to offer physical and spiritual help to individuals and families in America and around the world. Convoy of Hope accomplishes its mission around the world through three main programs, compassion outreaches, disaster responses, and supply lines. Convoy of Hope is primarily supported through cash and in-kind donations from individuals, churches, and businesses who believe in the Organization's purpose. Convoy of Hope is a nonprofit organization and contributions to it are tax-deductible to the extent allowed by law. In addition, it is a member of the Evangelical Council for Financial Accountability (ECFA).


Contact information

Mailing address:
330 S. Patterson Ave
Springfield, MO 65802-5802

Website: www.convoyofhope.org

Phone: (417) 823-8998

Email: info@convoyofhope.org


Organization details

EIN: 680051386

CEO/President: Mr. Hal Donaldson

Chairman: Mr. Barry Corey, PH.D.

Board size: 15

Founder: Hal, Steve and Dave Donaldson

Year founded: 1994

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2001


Purpose

Convoy of Hope partners with churches, humanitarian groups, businesses, civic organizations, and volunteers to offer physical and spiritual help to individuals and families in America and around the world. Convoy of Hope accomplishes its mission around the world through three main programs:

  • Compassion outreaches
  • disaster responses, and
  • supply lines
Convoy of Hope is primarily supported through cash and in-kind donations from individuals, churches, and businesses who believe in the Organization's purpose.

During a COH outreach, free groceries are distributed, job and health fairs are organized and activities for children are provided.

Convoy of Hope is a nonprofit organization and contributions to it are tax-deductible to the extent allowed by law. In addition, it is a member of the Evangelical Council for Financial Accountability (ECFA).

Mission statement

Convoy of Hope expresses its Mission Statement as follows:

Providing resources to local organizations to meet physical and spiritual needs for the purpose of making the community a better place.


Statement of faith

Financial efficiency ratings

Sector: Relief and Development

CategoryRatingOverall rankSector rank
Overall efficiency rating45 of 43016 of 60
Fund acquisition rating97 of 43020 of 60
Resource allocation rating69 of 43024 of 60
Asset utilization rating95 of 43024 of 60

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20172016201520142013
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%3%7%7%8%6%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%3%7%7%8%6%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
95%99%99%99%99%98%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%3%6%7%8%7%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
5%1%1%1%1%2%
 
Operating ratiosMedian % for
all ministries in
MW database
20172016201520142013
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%90%91%90%88%89%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%90%107%98%97%90%
Program output ratio Program output ratio =
Program services /
Total revenue
81%81%98%88%85%81%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%10%-7%2%3%10%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%35%-30%6%9%31%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%6%2%3%4%3%
 
Investing ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.322.773.842.642.302.37
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.531.361.411.281.321.29
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.533.785.403.383.033.06
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.1012.2415.6035.0620.6020.72
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.080.060.030.050.05
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.062.922.083.453.773.73
 
Solvency ratiosMedian % for
all ministries in
MW database
20172016201520142013
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%11%15%11%15%16%
Debt ratio Debt ratio =
Debt /
Total assets
0%5%10%9%11%12%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
64%32%22%34%37%36%

Financials

Balance sheet
 
Assets20172016201520142013
Cash$14,816,758$9,110,187$4,645,285$7,413,764$12,720,803
Receivables, inventories, prepaids$14,905,197$16,839,388$31,168,869$26,765,402$19,452,500
Short-term investments$12,562,446$1,709,424$2,174,076$2,034,266$1,473,494
Other current assets$19,920$2,500$3,322$6,609$19,040
Total current assets$42,304,321$27,661,499$37,991,552$36,220,041$33,665,837
Long-term investments$1,044,323$0$0$0$0
Fixed assets$13,528,437$10,840,133$10,296,830$11,043,792$9,618,272
Other long-term assets$857,733$458,074$383,426$387,038$232,261
Total long-term assets$15,430,493$11,298,207$10,680,256$11,430,830$9,850,533
Total assets$57,734,814$38,959,706$48,671,808$47,650,871$43,516,370
 
Liabilities20172016201520142013
Payables and accrued expenses$3,455,152$1,773,533$1,083,689$1,758,406$1,624,800
Other current liabilities$0$0$0$0$0
Total current liabilities$3,455,152$1,773,533$1,083,689$1,758,406$1,624,800
Debt$3,044,524$4,067,738$4,448,873$5,429,365$5,264,615
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$3,044,524$4,067,738$4,448,873$5,429,365$5,264,615
Total liabilities$6,499,676$5,841,271$5,532,562$7,187,771$6,889,415
 
Net assets20172016201520142013
Unrestricted$31,964,268$18,148,238$17,413,762$18,417,659$15,457,369
Temporarily restricted$19,087,386$14,836,713$25,598,500$21,918,457$21,102,094
Permanently restricted$183,484$133,484$126,984$126,984$67,492
Net assets$51,235,138$33,118,435$43,139,246$40,463,100$36,626,955
 
Revenues and expenses
 
Revenue20172016201520142013
Total contributions$176,202,822$138,448,753$129,131,341$112,560,217$112,518,248
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$657,675($185,805)$829,126$39,760$961,249
Other revenue$1,129,094$1,137,010$994,612$887,557$820,797
Total other revenue$1,786,769$951,205$1,823,738$927,317$1,782,046
Total revenue$177,989,591$139,399,958$130,955,079$113,487,534$114,300,294
 
Expenses20172016201520142013
Program services$144,506,707$136,587,200$115,242,591$96,592,636$92,158,229
Management and general$9,844,859$3,630,370$3,786,871$3,880,477$3,554,571
Fundraising$5,521,322$9,203,199$9,249,471$9,178,276$7,274,295
Total expenses$159,872,888$149,420,769$128,278,933$109,651,389$102,987,095
 
Change in net assets20172016201520142013
Surplus (deficit)$18,116,703($10,020,811)$2,676,146$3,836,145$11,313,199
Other changes in net assets$0$0$0$0$0
Total change in net assets$18,116,703($10,020,811)$2,676,146$3,836,145$11,313,199

Response from ministry

No response has been provided by this ministry.


History

In 1969 Harold and Betty Donaldson were raising 4 children and pastoring a church in Northern California. On August 25, Harold and Betty were hit head-on by a drunk driver. Harold was killed; Betty survived but was immobile for some time, unable to work or cook. The four children experienced first hand what it is like to go without many of life's basic necessities. Yet, people from the community provided them sustenance and shelter. Most importantly, they gave the children hope that they were not alone and could make it.

In 1984, Hal, Steve and Dave Donaldson felt compelled to be their father's "second wind" and began a nonprofit, transdenominational organization to help others as they had once been helped. Through this organization, they began coordinating outreach events that have evolved into what is known today as Convoy of Hope.

When devastating hurricanes ripped through the Caribbean and Central America in 1998, Convoy of Hope responded with over million pounds of food and supplies; thus, launching their International efforts. Today, COH is actively touching those in need across the United States and around the globe.

Convoy of Hope, Inc. was incorporated as ChurchCare America, Inc. on November 26, 1984 in the state of California. During 2002, the organization changed its legal name to Convoy of Hope, Inc.


Program accomplishments

In 2006:

  • More than 3.9 million people were served
  • Approximately 19.5 million pounds of food and supplies were delivered to people in need
  • More than 15,000 volunteers were mobilized to extend a helping hand
  • Specific compassion activities included delivering food and clean water, offering medical and dental screenings, providing free haircuts, conducting job fairs, enrolling children in nutrition programs in developing countries, along with many other activities.

Needs

COH has communicated the following needs:

WorldHope Project needs sponsors whether it be an individuals, businesses or churches to help fund the shipments of 40' containers containing food and relief supplies needed in many different areas worldwide.

There are several other ways to help such as donating food and supplies, sponsoring trucks, providing means of transportation and places to warehouse collected goods until ready to ship.

For more information go to COH's website.