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

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Relief and Development

CategoryRatingOverall rankSector rank
Overall efficiency rating302 of 66032 of 68
Fund acquisition rating449 of 66247 of 68
Resource allocation rating243 of 66226 of 68
Asset utilization rating245 of 66030 of 68

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%9%4%3%7%7%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%9%4%3%7%7%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
98%98%99%99%99%99%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%9%4%3%6%7%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
2%2%1%1%1%1%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
85%87%88%90%91%90%
Spending ratio Spending ratio =
Total expenses /
Total revenue
100%97%96%90%107%98%
Program output ratio Program output ratio =
Program services /
Total revenue
85%85%84%81%98%88%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
0%3%4%10%-7%2%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
0%9%13%35%-30%6%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
7%4%8%6%2%3%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.792.432.692.773.842.64
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.321.151.291.361.411.28
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.862.813.463.785.403.38
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
5.995.1418.8512.2415.6035.06
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.160.190.050.080.060.03
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
2.873.443.282.922.083.45
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
13%20%8%11%15%11%
Debt ratio Debt ratio =
Debt /
Total assets
0%3%4%5%10%9%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
41%33%34%32%22%34%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$26,095,901$21,805,050$14,816,758$9,110,187$4,645,285
Receivables, inventories, prepaids$14,825,420$15,831,849$14,905,197$16,839,388$31,168,869
Short-term investments$28,411,225$12,183,500$12,562,446$1,709,424$2,174,076
Other current assets$20,253$8,101$19,920$2,500$3,322
Total current assets$69,352,799$49,828,500$42,304,321$27,661,499$37,991,552
Long-term investments$0$0$1,044,323$0$0
Fixed assets$9,992,524$13,347,997$13,528,437$10,840,133$10,296,830
Other long-term assets$729,057$967,332$857,733$458,074$383,426
Total long-term assets$10,721,581$14,315,329$15,430,493$11,298,207$10,680,256
Total assets$80,074,380$64,143,829$57,734,814$38,959,706$48,671,808
 
Liabilities20192018201720162015
Payables and accrued expenses$2,873,840$2,642,738$3,455,152$1,773,533$1,083,689
Other current liabilities$10,621,237$0$0$0$0
Total current liabilities$13,495,077$2,642,738$3,455,152$1,773,533$1,083,689
Debt$2,353,688$2,777,615$3,044,524$4,067,738$4,448,873
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$2,353,688$2,777,615$3,044,524$4,067,738$4,448,873
Total liabilities$15,848,765$5,420,353$6,499,676$5,841,271$5,532,562
 
Net assets20192018201720162015
Unrestricted$51,682,405$42,229,411$31,964,268$18,148,238$17,413,762
Temporarily restricted$12,543,210$16,494,065$19,087,386$14,836,713$25,598,500
Permanently restricted$0$0$183,484$133,484$126,984
Net assets$64,225,615$58,723,476$51,235,138$33,118,435$43,139,246
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$196,922,531$178,401,930$176,202,822$138,448,753$129,131,341
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$1,006,573$350,805$657,675($185,805)$829,126
Other revenue$2,285,209$1,217,891$1,129,094$1,137,010$994,612
Total other revenue$3,291,782$1,568,696$1,786,769$951,205$1,823,738
Total revenue$200,214,313$179,970,626$177,989,591$139,399,958$130,955,079
 
Expenses20192018201720162015
Program services$170,018,768$151,435,385$144,506,707$136,587,200$115,242,591
Management and general$6,838,189$14,552,456$9,844,859$3,630,370$3,786,871
Fundraising$17,855,217$6,494,447$5,521,322$9,203,199$9,249,471
Total expenses$194,712,174$172,482,288$159,872,888$149,420,769$128,278,933
 
Change in net assets20192018201720162015
Surplus (deficit)$5,502,139$7,488,338$18,116,703($10,020,811)$2,676,146
Other changes in net assets$0$0$0$0$0
Total change in net assets$5,502,139$7,488,338$18,116,703($10,020,811)$2,676,146

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.