Float Hope of Indian River County Inc

EIN: 814707322 501(c)(3) Recreation & Sports

Vero Beach, FL

Total Revenue
$321,400
Total Expenses
$296,608
Total Assets
$155,746
Net Assets
$153,752
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
FL
Phone
7729253210
Tax Period
2024-01-01 to 2024-12-31

Float Hope of Indian River County Inc, founded in 2016, is a small nonprofit in the Recreation & Sports sector that reported $321K in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $297K left a modest 8% surplus.

Mission

THE PURPOSE OF THE CORPORATION IS TO ADVANTAGE CHILDREN, ADOLESCENTS AND TEENAGERS IN OUR COMMUNITY, WITHOUT ADEQUATE FINANCIAL MEANS TO PARTICIPATE ON A YEAR-ROUND BASIS IN SWIMMING. THE CORPORATION SHALL FACILITATE WITH ITS FUNDS, PROGRAMS INCLUDING (CONTINUED ON SCHEDULE O)

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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 $321,257
Program Service Revenue $0
Investment Income $143
Other Revenue $0
TOTAL REVENUE $321,400

Expense Breakdown

Grants Paid $0
Salaries & Benefits $42,308
Fundraising Expenses $3,823
Program Expenses $238,732
Other Expenses $251,420
TOTAL EXPENSES $296,608

Year-over-Year Comparison

2024 2023 Change
Revenue $321,400 $240,174 +0.3%
Expenses $296,608 $205,333 +0.4%
Net Income $24,792 $34,841 -0.3%
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

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Governance

Voting Members
7
Independent Members
6
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
0
$0
Total Directors
10
$42,308
Key Employees
1
$42,308
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Beata Brewster Executive Director 20.00
Director Key Emp
$42,308 $0 $42,308
Jeffrey Powers Chairman 1.00
Director
$0 $0 $0
Freddie Woolfork Director 1.00
Director
$0 $0 $0
Debra Duarte Director 1.00
Director
$0 $0 $0
Lori Gonye Director 1.00
Director
$0 $0 $0
Susan van der Stricht Director 1.00
Director
$0 $0 $0
Mandy Robinson Director 1.00
Director
$0 $0 $0
Rennie Gibb Director 1.00
Director
$0 $0 $0
Lucius Hill Treasurer 1.00
Director
$0 $0 $0
April Ensio Director 1.00
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
2024 $321,400 $296,608 $155,746 $24,792
2023 $240,174 $205,333 $126,272 $34,841
2022 $216,597 $177,706 $91,431 $38,891
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