FLOAT RESEARCH COLLECTIVE

EIN: 873445071 501(c)(3) Medical Research

KIHEI, HI

Total Revenue
$192,574
Total Expenses
$137,901
Total Assets
$311,433
Net Assets
$308,314
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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
HI
Principal Officer
JUSTIN FEINSTEIN
Phone
8087270341
Tax Period
2025-01-01 to 2025-12-31

FLOAT RESEARCH COLLECTIVE, founded in 2021, is a small nonprofit in the Medical Research sector that reported $193K in total revenue in fiscal year 2025. Revenue decreased 20% compared to the prior year. The organization ran a surplus of $55K, a strong 28% operating margin.

Mission

TO ENGAGE IN SCIENTIFIC RESEARCH AND EDUCATIONAL ACTIVITIES FOCUSED PRIMARILY ON THE THERAPEUTIC BENEFITS OF FLOATATION-REST (REDUCED ENVIRONMENTAL STIMULATION THERAPY), A BEHAVIORAL INTERVENTION THAT MINIMIZES STIMULATION OF THE HUMAN NERVOUS SYSTEM.

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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 $192,574
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $192,574

Expense Breakdown

Grants Paid $0
Salaries & Benefits $91,381
Fundraising Expenses $3,255
Program Expenses $130,377
Other Expenses $46,520
TOTAL EXPENSES $137,901

Year-over-Year Comparison

2025 2024 Change
Revenue $192,574 $240,109 -0.2%
Expenses $137,901 $24,502 +4.6%
Net Income $54,673 $215,607 -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

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Governance

Voting Members
8
Independent Members
7
Employees
2
Volunteers
12

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
$83,885
Total Directors
8
$66,638
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUSTIN FEINSTEIN PRESIDENT 40.00
Officer Director
$66,638 $0 $66,638
ANDY LARSON TREASURER 4.00
Officer Director
$0 $0 $0
SAHIB KHALSA DIRECTOR 2.00
Director
$0 $0 $0
THOMAS FINE DIRECTOR 2.00
Director
$0 $0 $0
COLIN STANWELL-SMITH DIRECTOR 2.00
Director
$0 $0 $0
DYLAN CALM DIRECTOR 2.00
Director
$0 $0 $0
SANDRA CALM DIRECTOR 2.00
Director
$0 $0 $0
ANTIONETTA BASILE DIRECTOR 2.00
Director
$0 $0 $0
BROOKE FEINSTEIN SECRETARY 8.00
Officer
$17,247 $0 $17,247
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 $192,574 $137,901 $311,433 $54,673
2024 No data No data No data No data
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