FLOAT HOPE OF INDIAN RIVER COUNTY INC

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

INDIAN RIVER SHORES, FL

Total Revenue
$403,704
Total Expenses
$333,989
Total Assets
$1,195,272
Net Assets
$1,192,730
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
FL
Principal Officer
LUCIUS HILL
Phone
7729253210
Tax Period
2025-01-01 to 2025-12-31

FLOAT HOPE OF INDIAN RIVER COUNTY INC, founded in 2016, is a small nonprofit in the Recreation & Sports sector that reported $404K in total revenue in fiscal year 2025. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $70K, a strong 17% operating margin.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $251,557

OVER 100 CHILDREN AND ADOLESCENTS THROUGHOUT INDIAN RIVER COUNTY WERE TAUGHT HOW TO SWIM AND WERE ABLE TO SWIM COMPETITIVELY ON A SWIM TEAM.

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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 (2025)

Revenue Breakdown

Contributions & Grants $375,832
Program Service Revenue $0
Investment Income $27,872
Other Revenue $0
TOTAL REVENUE $403,704

Expense Breakdown

Grants Paid $0
Salaries & Benefits $54,837
Fundraising Expenses $46,261
Program Expenses $251,557
Other Expenses $279,152
TOTAL EXPENSES $333,989

Year-over-Year Comparison

2025 2024 Change
Revenue $403,704 $321,400 +0.3%
Expenses $333,989 $296,608 +0.1%
Net Income $69,715 $24,792 +1.8%
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

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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
9
Independent Members
9
Employees
1
Volunteers
36

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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFFREY R POWERS CHAIRMAN 1.00
Officer Director
$0 $0 $0
LUCIUS HILL TREASURER 1.00
Officer Director
$0 $0 $0
SUSAN VAN DER STRICHT SECRETARY 1.00
Officer Director
$0 $0 $0
DEBRA DUARTE DIRECTOR 1.00
Director
$0 $0 $0
LORI GONYE 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
APRIL ENSIO DIRECTOR 1.00
Director
$0 $0 $0
FREDDIE WOOLFORK 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
2025 $403,704 $333,989 $1,195,272 $69,715
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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