PROJECT HOPE FOOD BANK INC

EIN: 261737554 501(c)(3) Food, Agriculture & Nutrition

HOT SPRINGS, AR

Total Revenue
$1,558,094
Total Expenses
$1,380,631
Total Assets
$950,572
Net Assets
$899,457
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
AR
Principal Officer
TED THOMPSON
Phone
5016233663
Tax Period
2025-01-01 to 2025-12-31

PROJECT HOPE FOOD BANK INC, founded in 2009, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.6M in total revenue in fiscal year 2025. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.4M left a modest 11% surplus.

Mission

PROVIDING AFFORDABLE AND HEALTHY FOOD TO FOOD PANTRIES AND FEEDING PROGRAMS THAT SERVE THOSE AT RISK OF HUNGER IN WEST CENTRAL ARKANSAS

Program Service Accomplishments

Program 1
Expenses: $1,166,930 Revenue: $935,509

OPERATE TO POOL RESOURCES, HELPING TO SUPPORTING 45 AREA NONPROFITS THAT DO NOT HAVE THE ASSETS TO PURCHASE OR STORE ENORMOUS QUANTITIES OF FOOD. PURCHASING FOOD WHOLESALE IN LARGE LOTS FOR THE BEST...

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OPERATE TO POOL RESOURCES, HELPING TO SUPPORTING 45 AREA NONPROFITS THAT DO NOT HAVE THE ASSETS TO PURCHASE OR STORE ENORMOUS QUANTITIES OF FOOD. PURCHASING FOOD WHOLESALE IN LARGE LOTS FOR THE BEST PRICE HELPS HOMELESS SHELTERS, CHARITY KITCHENS, FOOD PANTRIES, CRISIS CENTERS, CHILDRENS HOMES, SCHOOL BACKPACK PROGRAMS AND CHILDRENS FEEDING PROGRAMS TO FULFILL THEIR MISSIONS. OUR IMPACT IN THE COMMUNITY IS EXTENSIVE DUE TO OUR RESOURCES: A DONATED WAREHOUSE, DEBT-FREE EQUIPMENT, AND A VOLUNTEER WORKFORCE WHICH INCLUDES OUR EXECUTIVE DIRECTOR AND INVENTORY SPECIALIST.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $614,668
Program Service Revenue $935,509
Investment Income $7,917
Other Revenue $0
TOTAL REVENUE $1,558,094

Expense Breakdown

Grants Paid $0
Salaries & Benefits $81,180
Fundraising Expenses $0
Program Expenses $1,338,552
Other Expenses $1,299,451
TOTAL EXPENSES $1,380,631

Year-over-Year Comparison

2025 2024 Change
Revenue $1,558,094 $1,430,175 +0.1%
Expenses $1,380,631 $1,385,042 0.0%
Net Income $177,463 $45,133 +2.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
2
Volunteers
25

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$37,895
Total Directors
15
$37,895
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TED THOMPSON EXECUTIVE DI N/A
Officer
$0 $0 $0
REBECCA CHOTE SECRETARY 40.00
Officer Director
$37,895 $0 $37,895
JAMIE PRATT PRESIDENT N/A
Officer Director
$0 $0 $0
CAROL DICKINSON VICE PRESIDE N/A
Officer Director
$0 $0 $0
STEPHEN BLASCHE TREASURER N/A
Officer Director
$0 $0 $0
DOUG ARNOLD DIRECTOR N/A
Director
$0 $0 $0
JANIE SMITH DIRECTOR N/A
Director
$0 $0 $0
KERMIT TUCKER DIRECTOR N/A
Director
$0 $0 $0
MARK FLEISCHNER DIRECTOR N/A
Director
$0 $0 $0
SANDRA POWERS DIRECTOR N/A
Director
$0 $0 $0
SIERRA KESTERSON DIRECTOR N/A
Director
$0 $0 $0
TONYA BAIER DIRECTOR N/A
Director
$0 $0 $0
L THOMAS JONES DIRECTOR N/A
Director
$0 $0 $0
GENE PHILLIPS DIRECTOR N/A
Director
$0 $0 $0
LINDELL TRIMBLE DIRECTOR N/A
Director
$0 $0 $0
JOHN VINES DIRECTOR N/A
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,558,094 $1,380,631 $950,572 $177,463
2024 $1,430,175 $1,385,042 $841,958 $45,133
2023 $1,412,177 $1,312,854 $727,908 $99,323
2022 $1,268,880 $1,290,511 $609,986 $-21,631
2021 $1,004,018 $800,811 $631,111 $203,207
2020 $984,193 $795,743 $444,797 $188,450
2019 $762,002 $827,149 $207,512 $-65,147
2018 $732,884 $745,895 $272,659 $-13,011
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