Simsbury, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HOPE FLOATS FOUNDATION INC, founded in 2017, is a small nonprofit in the Recreation & Sports sector that reported $504K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum.
Hope Floats Foundation partners with high quality swim schools to provide swim lesson scholarships for children whose families can not afford to pay. Drowning is a leading cause of death for children, and participation in formal swimming lessons reduces the risk of drowning by 88 percent. Our mission is to make sure that all children have access to learning this essential life skill, and to partner with swim schools to ensure they have the resources to make this happen in their own local communities.
Hope Floats awarded 1,050 children with swim lessons scholarships in 2023, providing a total of 12,132 lessons to children from low-income families or in foster care placement at swim schools in...
Hope Floats awarded 1,050 children with swim lessons scholarships in 2023, providing a total of 12,132 lessons to children from low-income families or in foster care placement at swim schools in their own community. Hope Floats partnered with more than 130 swim schools across 32 states to build a simple, sustainable way for swim schools to further serve their communities.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $504,083 | $387,795 | +0.3% |
| Expenses | $492,460 | $346,406 | +0.4% |
| Net Income | $11,623 | $41,389 | -0.7% |
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 |
|---|---|---|---|---|---|---|
| Kristin Mabrouk | Executive Director | 40 |
Key Emp
Highest
|
$74,231 | $0 | $74,231 |
| Jill McHugh | Executive Director | 20 |
Key Emp
|
$17,783 | $0 | $17,783 |
| Dave Tonnesen | President | 5 |
Officer
Director
|
$0 | $0 | $0 |
| Frank Sahlein | Secretary | 1 |
Officer
Director
|
$0 | $0 | $0 |
| John Kirk | Treasurer | 0.5 |
Director
|
$0 | $0 | $0 |
| Amanda Beard | Board Member | 0.5 |
Director
|
$0 | $0 | $0 |
| Janaiha Bennett | Board Member | 0.5 |
Director
|
$0 | $0 | $0 |
| Christina Judge | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Kim Vandenberg | Board Member | 0.5 |
Director
|
$0 | $0 | $0 |
| Calvin Thomas II | Board Member | 0.5 |
Director
|
$0 | $0 | $0 |
| Marquetta Drakes | Board Member | 0.5 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $504,083 | $492,460 | $421,097 | $11,623 |
| 2022 | $387,795 | $346,406 | $400,542 | $41,389 |
| 2021 | $398,412 | $225,750 | $359,609 | $172,662 |
| 2020 | $271,194 | $177,049 | $185,679 | $94,145 |
Compare HOPE FLOATS FOUNDATION INC with other nonprofits in Connecticut and across the country.