FLOATING DOCTORS INC (EIN 300492985) - 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

2008

Legal Domicile

Principal Officer

DR BENJAMIN LABROT

Phone

3104551150

Tax Period

2023-01-01 to 2023-12-31

FLOATING DOCTORS INC, founded in 2008, is a small nonprofit in the Health Care sector that reported $664K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Net assets of $1.5M represent 26 months of operating reserves.

Mission

THE FLOATING DOCTORS MISSION IS TO REDUCE THE PRESENT AND FUTURE BURDEN OF DISEASE IN THE DEVELOPING WORLD, AND TO PROMOTE IMPROVEMENTS IN HEALTH CARE DELIVERY WORLDWIDE.

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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 $341,658

Program Service Revenue $322,131

Investment Income $209

Other Revenue $0

TOTAL REVENUE $663,998

Expense Breakdown

Grants Paid $0

Salaries & Benefits $370,341

Fundraising Expenses $12,474

Program Expenses $573,766

Other Expenses $329,246

TOTAL EXPENSES $699,587

Year-over-Year Comparison

	2023	2022	Change
Revenue	$663,998	$745,747	-0.1%
Expenses	$699,587	$738,362	-0.1%
Net Income	$-35,589	$7,385	-5.8%

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

N/A

Employees

N/A

Volunteers

N/A

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

$19,250

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BENJAMIN LABROT	PRESIDENT	30.00	Officer	$19,250	$0	$19,250
RYAN MCCORMICK	SECRETARY	25.00	Officer	$0	$0	$0
PETER GORDON	TREASURER	4.00	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	No data	No data	No data	No data
2023	$663,998	$699,587	$1,463,347	$-35,589
2022	$745,747	$738,362	$1,496,280	$7,385
2021	$473,369	$474,561	$1,492,471	$-1,192

FLOATING DOCTORS INC