THE FLOATING HOSPITAL FOUNDATION INC (EIN 300102842) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

SEAN T GRANAHAN

Phone

7187842240

Tax Period

2023-01-01 to 2023-12-31

THE FLOATING HOSPITAL FOUNDATION INC, founded in 2001, is a community nonprofit in the Health Care sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 120% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 67% operating margin.

Mission

THE ORGANIZATION IS A TYPE I SUPPORTING ORGANIZATION THAT RAISES FUNDS FOR AND SUPPORTS THE FLOATING HOSPITAL, INC. THE FLOATING HOSPITAL, INC. IS DEDICATED TO PROVIDING CHARITABLE PRIMARY HEALTH CARE SERVICES TO A LARGELY UNDERSERVED POPULATION.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,890,254

Program Service Revenue $0

Investment Income $1,128

Other Revenue $59,578

TOTAL REVENUE $1,950,960

Expense Breakdown

Grants Paid $0

Salaries & Benefits $402,438

Fundraising Expenses $640,062

Other Expenses $237,624

TOTAL EXPENSES $640,062

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,950,960	$887,967	+1.2%
Expenses	$640,062	$924,960	-0.3%
Net Income	$1,310,898	$-36,993	-36.4%

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

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$430,867

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY BROWNIE	TRUSTEE (EX OFFICIO)	1.00	Director	$0	$0	$0
ASHLEY SANDBERG	TRUSTEE	1.00	Director	$0	$0	$0
CAROLYN MALONEY	TRUSTEE	1.00	Director	$0	$0	$0
CHARLENE PROUNIS	TRUSTEE	1.00	Director	$0	$0	$0
DOMINICK DELORENZO	TRUSTEE (EX OFFICIO)	1.00	Director	$0	$0	$0
DUGLAS SEIDMAN	TREASURER	1.00	Officer Director	$0	$0	$0
JANE FRANCISCO	TRUSTEE	1.00	Director	$0	$0	$0
JOAN C BRANCACCIO	CHAIR	1.00	Officer Director	$0	$0	$0
MADELEINE RICHARD	SECRETARY	1.00	Officer Director	$0	$0	$0
MARIANNE ROSENBERG	TRUSTEE	1.00	Director	$0	$0	$0
MARTIN TUCHMAN	TRUSTEE	1.00	Director	$0	$0	$0
PATRICIA HAEGELE	TRUSTEE	1.00	Director	$0	$0	$0
REGINA JASLOW	TRUSTEE (EX OFFICIO)	1.00	Director	$0	$0	$0
TANYA D FISCHE	TRUSTEE	1.00	Director	$0	$0	$0
WALLYE HOLLOWAY	TRUSTEE	1.00	Director	$0	$0	$0
SEAN T GRANAHAN	PRESIDENT/GENERAL COUNCIL	5.00	Officer	$0	$28,655	$240,205
GLORIA CARNEY JACKSON	EXECUTIVE VICE PRESIDENT OF FINANCE	5.00	Officer	$0	$14,865	$190,662
LAURA EVANS	VP, DEVELOPMENT	35.00	Highest	$110,144	$2,707	$112,851

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	No data	No data	No data	No data
2023	$1,950,960	$640,062	$1,063,582	$1,310,898
2022	$887,967	$924,960	$1,260,115	$-36,993
2021	$3,880,605	$4,019,122	$1,502,450	$-138,517
2020	$1,653,611	$1,979,438	$626,772	$-325,827
2019	$1,374,322	$2,124,161	$439,176	$-749,839
2018	$2,062,587	$1,358,282	$1,031,404	$704,305

THE FLOATING HOSPITAL FOUNDATION INC