Convoy of Hope

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 8/25/2021. To update the information in this column, please email: info@ministrywatch.com


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 World Distribution Center
330 S. Patterson Ave
Springfield, MO 65802

Website: www.convoyofhope.org

Phone: (417) 823-8998

Email: info@convoyofhope.org


Organization details

EIN: 680051386

CEO/President: Mr. Hal Donaldson

Chairman: Dr. Aaron Cole

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'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

Articles

3/3/2021MINISTRY SPOTLIGHT: Convoy of Hope
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12/30/2013Happy New Year! Consider Spreading Some New Year's Cheer to These Deserving Relief and Development Ministries

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Relief and Development

CategoryRatingOverall rankSector rank
Overall efficiency rating105 of 94120 of 75
Fund acquisition rating287 of 94328 of 75
Resource allocation rating207 of 94319 of 75
Asset utilization rating196 of 94120 of 75

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%4%9%4%3%7%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%4%9%4%3%7%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
99%98%98%99%99%99%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%4%9%4%3%6%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
1%2%2%1%1%1%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
85%92%87%88%90%91%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%93%97%96%90%107%
Program output ratio Program output ratio =
Program services /
Total revenue
83%86%85%84%81%98%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%7%3%4%10%-7%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
6%28%9%13%35%-30%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
7%3%4%8%6%2%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.643.142.432.692.773.84
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.281.251.151.291.361.41
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.633.942.813.463.785.40
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
7.897.005.1418.8512.2415.60
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.120.140.190.050.080.06
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
3.262.613.443.282.922.08
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
14%19%20%8%11%15%
Debt ratio Debt ratio =
Debt /
Total assets
0%7%3%4%5%10%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
52%26%33%34%32%22%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$31,363,092$26,095,901$21,805,050$14,816,758$9,110,187
Receivables, inventories, prepaids$15,248,657$14,825,420$15,831,849$14,905,197$16,839,388
Short-term investments$40,716,166$28,411,225$12,183,500$12,562,446$1,709,424
Other current assets$143,629$20,253$8,101$19,920$2,500
Total current assets$87,471,544$69,352,799$49,828,500$42,304,321$27,661,499
Long-term investments$0$0$0$1,044,323$0
Fixed assets$21,078,557$9,992,524$13,347,997$13,528,437$10,840,133
Other long-term assets$1,155,068$729,057$967,332$857,733$458,074
Total long-term assets$22,233,625$10,721,581$14,315,329$15,430,493$11,298,207
Total assets$109,705,169$80,074,380$64,143,829$57,734,814$38,959,706
 
Liabilities20202019201820172016
Payables and accrued expenses$5,510,346$2,873,840$2,642,738$3,455,152$1,773,533
Other current liabilities$6,979,672$10,621,237$0$0$0
Total current liabilities$12,490,018$13,495,077$2,642,738$3,455,152$1,773,533
Debt$7,874,251$2,353,688$2,777,615$3,044,524$4,067,738
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$7,874,251$2,353,688$2,777,615$3,044,524$4,067,738
Total liabilities$20,364,269$15,848,765$5,420,353$6,499,676$5,841,271
 
Net assets20202019201820172016
Without donor restrictions$84,874,748$51,682,405$42,229,411$31,964,268$18,148,238
With donor restrictions$4,466,152$12,543,210$16,494,065$19,270,870$14,970,197
Net assets$89,340,900$64,225,615$58,723,476$51,235,138$33,118,435
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$362,570,999$196,922,531$178,401,930$176,202,822$138,448,753
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$1,935,057$1,006,573$350,805$657,675($185,805)
Other revenue$4,822,468$2,285,209$1,217,891$1,129,094$1,137,010
Total other revenue$6,757,525$3,291,782$1,568,696$1,786,769$951,205
Total revenue$369,328,524$200,214,313$179,970,626$177,989,591$139,399,958
 
Expenses20202019201820172016
Program services$317,857,171$170,018,768$151,435,385$144,506,707$136,587,200
Management and general$11,007,122$6,838,189$14,552,456$9,844,859$3,630,370
Fundraising$15,348,946$17,855,217$6,494,447$5,521,322$9,203,199
Total expenses$344,213,239$194,712,174$172,482,288$159,872,888$149,420,769
 
Change in net assets20202019201820172016
Surplus (deficit)$25,115,285$5,502,139$7,488,338$18,116,703($10,020,811)
Other changes in net assets$0$0$0$0$0
Total change in net assets$25,115,285$5,502,139$7,488,338$18,116,703($10,020,811)

Compensation

NameTitleCompensation
Hal DonaldsonPresident$416,876
Keith BoucherSenior VP and COO$303,546
Rick WaggonerVP-Development$266,931
Daniel Clark JrVP-Partner Development$253,457
Kregg HoodSr VP and Cbo$236,187
Kirk NoonanChief Innovation Officer$201,711
Kary KingslandSenior Vp-Global Initiatives$143,047
Randy RichVP-Administration$139,384
Erick MeierVP-Supply Chain$138,589
Chris SonksenFormer Director$128,986
Aaron ColeDirector$37,500
Brad RosenburgChairman$24,000

Compensation data as of: 12/31/2019


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 8/25/2021. To update the information below, please email: info@ministrywatch.com


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.

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


Program accomplishments


Needs