PROJECT HOPE FOOD BANK INC

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

HOT SPRINGS, AR

Total Revenue
$1,430,175
Total Expenses
$1,385,042
Total Assets
$841,958
Net Assets
$721,994
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
AR
Principal Officer
TED THOMPSON
Phone
5016233663
Tax Period
2024-01-01 to 2024-12-31

PROJECT HOPE FOOD BANK INC, founded in 2009, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $733K in total revenue in fiscal year 2018. Revenue decreased 7% compared to the prior year.

Mission

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

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $509,149
Program Service Revenue $913,051
Investment Income $7,975
Other Revenue $0
TOTAL REVENUE $1,430,175

Expense Breakdown

Grants Paid $0
Salaries & Benefits $70,441
Fundraising Expenses $0
Program Expenses $1,355,721
Other Expenses $1,314,601
TOTAL EXPENSES $1,385,042

Year-over-Year Comparison

2024 2023 Change
Revenue $1,430,175 $1,412,177 +0.0%
Expenses $1,385,042 $1,312,854 +0.1%
Net Income $45,133 $99,323 -0.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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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
4
$34,014
Total Directors
14
$34,014
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REBECCA CHOTE SECRETARY 40.00
Officer Director
$34,014 $0 $34,014
DOUG ARNOLD DIRECTOR N/A
Director
$0 $0 $0
TONYA BAIER DIRECTOR N/A
Director
$0 $0 $0
STEPHEN BLASCHE TREASURER N/A
Officer Director
$0 $0 $0
CAROL DICKINSON PRESIDENT N/A
Officer Director
$0 $0 $0
MARK FLEISCHNER DIRECTOR N/A
Director
$0 $0 $0
L THOMAS JONES DIRECTOR N/A
Director
$0 $0 $0
SIERRA KESTERSON DIRECTOR N/A
Director
$0 $0 $0
GENE PHILLIPS DIRECTOR N/A
Director
$0 $0 $0
SANDRA POWERS DIRECTOR N/A
Director
$0 $0 $0
JANIE SMITH DIRECTOR N/A
Director
$0 $0 $0
LINDELL TRIMBLE DIRECTOR N/A
Director
$0 $0 $0
KERMIT TUCKER DIRECTOR N/A
Director
$0 $0 $0
JOHN VINES DIRECTOR N/A
Director
$0 $0 $0
TED THOMPSON EXECUTIVE DI N/A
Officer
$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
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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