HOPE FLOATS HEALING & WELLNESS CENTER INC

EIN: 450586084 501(c)(3) Education

KINGSTON, MA

Total Revenue
$576,774
Total Expenses
$485,714
Total Assets
$1,538,618
Net Assets
$1,537,481
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
MA
Principal Officer
KENNETH BRACK
Phone
7815854221
Tax Period
2024-01-01 to 2024-12-31

HOPE FLOATS HEALING & WELLNESS CENTER INC, founded in 2008, is a small nonprofit in the Education sector that reported $577K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $91K, a strong 16% operating margin.

Mission

OUR MISSION IS TO HELP PEOPLE COPE WITH LOSS, SUPPORT THEIR HEALING,AND NURTURE THEIR PHYSICAL AND EMOTIONAL WELL-BEING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $535,370
Program Service Revenue $27,152
Investment Income $10,002
Other Revenue $4,250
TOTAL REVENUE $576,774

Expense Breakdown

Grants Paid $0
Salaries & Benefits $293,066
Fundraising Expenses $75,155
Program Expenses $298,740
Other Expenses $153,348
TOTAL EXPENSES $485,714

Year-over-Year Comparison

2024 2023 Change
Revenue $576,774 $628,409 -0.1%
Expenses $485,714 $465,481 +0.0%
Net Income $91,060 $162,928 -0.4%
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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Governance

Voting Members
10
Independent Members
8
Employees
9
Volunteers
100

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
$112,583
Total Directors
10
$112,583
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENISE BRACK BOARD VICE PRESIDENT 40.00
Officer Director
$42,083 $0 $42,083
ELIZABETH MCKENNA EXECUTIVE DIRECTOR 40.00
Officer Director
$70,500 $0 $70,500
KEN BRACK BOARD TREASURER 10.00
Officer Director
$0 $0 $0
JANE CORR BOARD MEMBER 5.00
Director
$0 $0 $0
ELIZABETH BINARI BOARD MEMBER 5.00
Director
$0 $0 $0
JANICE CHRISTO BOARD MEMBER 5.00
Director
$0 $0 $0
JANET WALSH BOARD MEMBER 5.00
Director
$0 $0 $0
TERESA LALLY BOARD MEMBER (AS OF FEBRUARY 2024) 5.00
Director
$0 $0 $0
VEDNA LACOMBE-HEYWOOD BOARD MEMBER (AS OF FEBRUARY 2024) 5.00
Director
$0 $0 $0
MIKE HOURAHAN BOARD PRESIDENT 5.00
Officer 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
2024 $576,774 $485,714 $1,538,618 $91,060
2023 $628,409 $465,481 $1,456,496 $162,928
2022 $470,172 $313,568 $1,271,524 $156,604
2021 $494,348 $161,822 $1,122,119 $332,526
2020 $486,602 $159,471 $527,955 $327,131
2019 $499,097 $168,648 $302,942 $330,449
2018 $208,800 $143,483 $114,496 $65,317
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