FLOATING DOCTORS INC

EIN: 300492985 501(c)(3) Health Care

TOPANGA, CA

Total Revenue
$663,998
Total Expenses
$699,587
Total Assets
$1,463,347
Net Assets
$1,457,074
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
CA
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.OUR GOALS INCLUDE:PROVIDING FREE ACUTE AND PREVENTATIVE HEALTH CARE SERVICES AND DELIVERING DONATED MEDICAL SUPPLIES TO ISOLATED AREAS.REDUCING CHILD AND MATERNAL MORTALITY THROUGH FOOD SAFETY/PRENATAL EDUCATION, NUTRITIONAL COUNSELING AND CLEAN WATER SOLUTIONS.STUDYING AND DOCUMENTING LOCAL SYSTEMS OF HEALTH CARE DELIVERY AND IDENTIFYING WHAT PROGRESS HAVE BEEN MADE, WHAT CHALLENGES REMAIN, AND WHAT SOLUTIONS EXIST TO IMPROVE HEALTH CARE DELIVERY WORLDWIDE.USING THE LATEST COMMUNICATIONS TECHNOLOGIES TO BRING SPECIALIST MEDICAL KNOWLEDGE TO THE DEVELOPING WORLD, AND TO SHARE OUR EXPERIENCES WITH THE GLOBAL COMMUNITY AND PROMOTE COOPERATION IN RESOLVING WORLD HEALTH CARE ISSUES.

Program Service Accomplishments

Program 1
Expenses: $573,766 Revenue: $322,131

OVER 120,000 PEOPLE LIVE IN OUR CURRENT MISSION LOCATION, THE PROVINCE OF BOCAS DEL TORO IN PANAMA. ABOUT 80,000 PEOPLE, PRIMARILY INDIGENOUS NGABE-BUGLE, LIVE SCATTERED ACROSS SMALL ISLANDS...

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OVER 120,000 PEOPLE LIVE IN OUR CURRENT MISSION LOCATION, THE PROVINCE OF BOCAS DEL TORO IN PANAMA. ABOUT 80,000 PEOPLE, PRIMARILY INDIGENOUS NGABE-BUGLE, LIVE SCATTERED ACROSS SMALL ISLANDS, MANGROVES SWAMPS, AND ALONG JUNGLE RIVER SYSTEMS IN REMOTE RURAL LOCATIONS WITH LITTLE OR NO ACCESS TO SERVICES. WE REGULARLY VISIT MORE THAN 32 KEY COMMUNITIES OVER A 5,000 SQUARE-MILE AREA FOR WHICH WE PROVIDE PRIMARY HEATH CARE, HEALTH EDUCATION AND COMMUNITY DEVELOPMENT PROJECTS.IN 2023 WE HOSTED 700 VOLUNTEERS FROM 45 COUNTRIES AND TREATED OVER 10,000 PATIENTS AND WE CONDUCTED MORE THAN 250 DAYS OF CLINIC WORK. WE EXPANDED OUR COMMUNITY HEALTH EDUCATION PROGRAM BY PARTNERING WITH THE UNIVERSITY OF CALIFORNIA, IRVINE TO TRAIN INDIGENOUS MID-WIVES IN ULTRA-SOUNDING WORKING TO IDENTIFY HIGH-RISK MOTHERS AND WORKED WITH USC GLOBAL SCHOOL OF MEDICINE TO FOCUS ON DIABETES IDENTIFICATION AND DIET MODIFICATIONS. THROUGH THE BUILD OUT OF THREE KEY COMMUNITY REMOTE OUT-POSTS WE HAVE FACILITATED COMMUNITY IMPROVEMENT PROJECTS THAT INCLUDE TELECOMMUNICATIONS, ELECTRICITY, AND RAIN CATCHMENT SYSTEMS.

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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 (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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Governance

Voting Members
4
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
3
$19,250
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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