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
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Relief and Development
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 105 of 941 | 20 of 75 |
| Fund acquisition rating | | 287 of 943 | 28 of 75 |
| Resource allocation rating | | 207 of 943 | 19 of 75 |
| Asset utilization rating | | 196 of 941 | 20 of 75 |
Financial ratios
| Funding ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
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 ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
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 ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.64 | 3.14 | 2.43 | 2.69 | 2.77 | 3.84 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.28 | 1.25 | 1.15 | 1.29 | 1.36 | 1.41 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.63 | 3.94 | 2.81 | 3.46 | 3.78 | 5.40 |
| Liquidity ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Current ratio Current ratio = Total current assets / Total current liabilities | 7.89 | 7.00 | 5.14 | 18.85 | 12.24 | 15.60 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.12 | 0.14 | 0.19 | 0.05 | 0.08 | 0.06 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 3.26 | 2.61 | 3.44 | 3.28 | 2.92 | 2.08 |
| Solvency ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
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 | |||||
| Assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| 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 |
| Liabilities | 2020 | 2019 | 2018 | 2017 | 2016 |
| 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 assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| 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 | |||||
| Revenue | 2020 | 2019 | 2018 | 2017 | 2016 |
| 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 |
| Expenses | 2020 | 2019 | 2018 | 2017 | 2016 |
| 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 assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| 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
| Name | Title | Compensation |
| Hal Donaldson | President | $416,876 |
| Keith Boucher | Senior VP and COO | $303,546 |
| Rick Waggoner | VP-Development | $266,931 |
| Daniel Clark Jr | VP-Partner Development | $253,457 |
| Kregg Hood | Sr VP and Cbo | $236,187 |
| Kirk Noonan | Chief Innovation Officer | $201,711 |
| Kary Kingsland | Senior Vp-Global Initiatives | $143,047 |
| Randy Rich | VP-Administration | $139,384 |
| Erick Meier | VP-Supply Chain | $138,589 |
| Chris Sonksen | Former Director | $128,986 |
| Aaron Cole | Director | $37,500 |
| Brad Rosenburg | Chairman | $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.