HOPE FLOATS FOR VETERANS (EIN 861713184) - Form 990 Financial Analysis & Trantor Score

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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

2021

Legal Domicile

Phone

8103487383

Tax Period

2024-01-01 to 2024-12-31

HOPE FLOATS FOR VETERANS, founded in 2021, is a small nonprofit in the Public & Societal Benefit sector that reported $224K in total revenue in fiscal year 2024. Revenue surged 180% from the prior year, signaling strong growth momentum. The organization ran a surplus of $35K, a strong 16% operating margin.

Mission

PUT VETERANS TO WORK IN A WOODSHOP FACTORY AND HELP FIND HOUSING

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $224,073

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $224,073

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $189,313

TOTAL EXPENSES $189,313

Year-over-Year Comparison

	2024	2023	Change
Revenue	$224,073	$79,941	+1.8%
Expenses	$189,313	$116,047	+0.6%
Net Income	$34,760	$-36,106	-2.0%

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

N/A

Independent Members

N/A

Employees

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAMON R HUFFMAN	CHAIR OF BOARD AND SECRETARY	60.00	Officer	$0	$0	$0
ANNNA M CALECA	BOARD MEMBER AND TREASURER	10.00	Officer	$0	$0	$0
WILLIAM H KEAN	BOARD MEMBER AND PRESIDENT	40.00	Officer	$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	No data	No data	No data	No data
2024	$224,073	$189,313	$828,393	$34,760
2023	$79,941	$116,047	$793,633	$-36,106
2022	$108,710	$137,961	$764,806	$-29,251
2021	$63,423	$63,323	$683,481	$100

HOPE FLOATS FOR VETERANS