Hope Floats Healing & Wellness Center Inc

Nonprofit profile at a glance

EIN
450586084
IRS 990 coverage
2018–2025
Forms available
Form 990 2025, Form 990-EZ 2017, Form 990-PF 2014
Location
Kingston, MA, USA
Phone
7815854221
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Educational Services and Schools - Other

Reported finances

Revenue
$683,374
Expenses
$565,016
Assets
$1,711,729
Liabilities
$47,984

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • DENISE BRACK (BOARD VICE PRESIDENT)
  • MIKE HOURAHAN (BOARD PRESIDENT)
  • ELIZABETH MCKENNA (EXECUTIVE DIRECTOR)

Highest reported compensation

  • ELIZABETH MCKENNA (EXECUTIVE DIRECTOR): $75,200 total reported compensation
  • DENISE BRACK (BOARD VICE PRESIDENT): $26,250 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our mission is to help people cope with loss, support their healing, and nurture their physical and emotional well-being.

What it reported doing in 2025

Since its founding in 2008, hope floats has served an estimated 7,000 individuals with our free support groups, support retreats, professional training for educators and mental health providers, and wellness classes. Our nonprofit draws from a broad, diverse region primarily south of boston, including the south shore, south coast, and upper cape. Many of our clients are financially disadvantaged families who otherwise would be unable to afford grief services. In 2025 hope floats served about 1,900 people, many through the mike's club program for children, teens, and their adult caregivers, and through school-based support and training, adult support groups, and workshops. Mike's club continued as a cornerstone of support for children and their families facing the despair of losing a loved one. More than 64 families were served.

Operating model

Revenue model
Donor-supported. 83% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 57
  • Transparency & Controls: 92
  • Accountability: 78
  • Sustainability: 63
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 56%; rating input score 56
  • Program expense ratio: 67.3%; rating input score 67
  • Fundraising efficiency: $9.17 raised per $1 spent on fundraising; rating input score 32; 32nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 88.9%; rating input score 89; 25th percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 17.3%; rating input score 69; 69th percentile among comparable filings
  • Total-asset coverage ratio: 3.03; rating input score 75; 75th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 50; 50th percentile among comparable filings
  • Officer compensation ratio: 18%; rating input score 19; 19th percentile among comparable filings

Growth

  • Program expense growth: 18.6% per year; rating input score 100; 77th percentile among comparable filings
  • Revenue growth: 14.2% per year; rating input score 100; 73rd percentile among comparable filings
  • Asset growth: 27.8% per year; rating input score 100; 87th percentile among comparable filings

Details

  • Where the money goes: 56% of revenue deployed · 67.3% of spending went to programs
  • Governance: 8 of 9 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $380K in reported program spending
  • Leadership: top reported pay $75K · 10 people listed
  • Highest-paid contractors: 1 contractor listed · $132K reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 7 filing years from 2018 to 2025
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 56/100.
  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 32/100.
  • High — Sustainability: Officer compensation ratio scored 19/100.
  • Review — Sustainability: Liabilities to assets ratio scored 50/100.