HOPE FLOATS FOUNDATION INC (EIN 812681890) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

Kristin Mabrouk

Phone

7193981938

Tax Period

2023-01-01 to 2023-12-31

HOPE FLOATS FOUNDATION INC, founded in 2017, is a small nonprofit in the Recreation & Sports sector that reported $271K in total revenue in fiscal year 2020. Revenue surged 65% from the prior year, signaling strong growth momentum. The organization ran a surplus of $94K, a strong 35% operating margin.

Mission

Hope Floats Foundation empowers hometown heroes to transform children's lives in partnership with swim schools, harnessing local generosity to increase access to swimming lessons for children with demonstrated financial need.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $456,125

Program Service Revenue $0

Investment Income $59

Other Revenue $47,899

TOTAL REVENUE $504,083

Expense Breakdown

Grants Paid $319,496

Salaries & Benefits $100,202

Fundraising Expenses $91,181

Program Expenses $348,636

Other Expenses $72,762

TOTAL EXPENSES $492,460

Year-over-Year Comparison

	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%

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

Employees

Volunteers

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

Total Directors

Key Employees

$92,014

Highest Compensated

reported

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

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	$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

HOPE FLOATS FOUNDATION INC