KINGSTON, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
OUR MISSION IS TO HELP PEOPLE COPE WITH LOSS, SUPPORT THEIR HEALING,AND NURTURE THEIR PHYSICAL AND EMOTIONAL WELL-BEING.
SINCE ITS FOUNDING IN 2008, HOPE FLOATS HAS SERVED AN ESTIMATED 7,000 INDIVIDUALS WITH OUR FREE SUPPORT GROUPS, SUPPORT RETREATS, PROFESSIONAL TRAINING FOR EDUCATORS AND MENTAL HEALTH PROVIDERS, AND...
SINCE ITS FOUNDING IN 2008, HOPE FLOATS HAS SERVED AN ESTIMATED 7,000 INDIVIDUALS WITH OUR FREE SUPPORT GROUPS, SUPPORT RETREATS, PROFESSIONAL TRAINING FOR EDUCATORS AND MENTAL HEALTH PROVIDERS, AND WELLNESS CLASSES. OUR NONPROFIT DRAWS FROM A BROAD, DIVERSE REGION PRIMARILY SOUTH OF BOSTON, INCLUDING THE SOUTH SHORE, SOUTH COAST, AND UPPER CAPE. MANY OF OUR CLIENTS ARE FINANCIALLY DISADVANTAGED FAMILIES WHO OTHERWISE WOULD BE UNABLE TO AFFORD GRIEF SERVICES. IN 2024 HOPE FLOATS SERVED ABOUT 1,300 PEOPLE, MANY THROUGH THE MIKE'S CLUB PROGRAM FOR CHILDREN, TEENS, AND THEIR ADULT CAREGIVERS, AND THROUGH SCHOOL-BASED SUPPORT AND TRAINING, ADULT SUPPORT GROUPS, AND WORKSHOPS. MIKE'S CLUB CONTINUED AS A CORNERSTONE OF SUPPORT FOR CHILDREN AND THEIR FAMILIES FACING THE DESPAIR OF LOSING A LOVED ONE. MORE THAN 55 FAMILIES WERE SERVED.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 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 |
Compare HOPE FLOATS HEALING & WELLNESS CENTER INC with other nonprofits in Massachusetts and across the country.