FLOATARAMA INC (EIN 873441222) - 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

Principal Officer

Scott Schramm

Phone

2027464093

Tax Period

2025-01-01 to 2025-12-31

FLOATARAMA INC, founded in 2021, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $298K in total revenue in fiscal year 2025. Expenses of $268K left a modest 10% surplus.

Mission

The primary exempt purpose of Floatarama Inc is to raise awareness and funds to support at-risk LGBTQ Youth through events including the FLoatarama Flotilla, Founder's Club, Youth Fund Awards, Philanthropic Travel, associated activities and other events.

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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 (2025)

Revenue Breakdown

Contributions & Grants $154,094

Program Service Revenue $144,054

Investment Income $0

Other Revenue $0

TOTAL REVENUE $298,148

Expense Breakdown

Grants Paid $161,750

Salaries & Benefits $0

Fundraising Expenses $7,831

Program Expenses $251,301

Other Expenses $106,729

TOTAL EXPENSES $268,479

Year-over-Year Comparison

	2025	2024	Change
Revenue	$298,148	$277,401	+0.1%
Expenses	$268,479	$232,594	+0.2%
Net Income	$29,669	$44,807	-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

Governance

Voting Members

Independent Members

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
Scott Schramm	President	20	Officer Director	$0	$0	$0
Roderick MacKenzie	Vice President and Treasurer	20	Officer Director	$0	$0	$0
Diana Hanford	Director	5	Director	$0	$0	$0
George Kowalski	Director	5	Director	$0	$0	$0
Thomas Boyd	Director	5	Director	$0	$0	$0
Gary Mudd	Director	5	Director	$0	$0	$0
Wayne Jarvis	Director	5	Director	$0	$0	$0
Randi Adler	Director	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
2025	$298,148	$268,479	$159,704	$29,669
2024	No data	No data	No data	No data
2023	$252,180	$188,536	$85,228	$63,644

FLOATARAMA INC