Financial Stewardship in FY 2019 – 2020
The staff and Board of Oasis are diligent about making the absolutely best use of limited financial resources. Having never received funding from the state or federal government, Oasis relies heavily on the generosity of individual donors, grant awards, and community partnerships.
In FY 2020, Oasis budgeted $353,892 for revenue and $410,021 for expenses with a net loss of $56,129. However, in reality, net income exceeded our budget by $82,712, leading to an overall increase in income of $26,583 after factoring in expenses.
We attribute the surplus to:
- The generosity of individual and business donors during our summer appeal campaign;
- Additional funding from foundations; and
- Lower than expected expenses due to temporary staffing vacancies
We are applying the surplus to increased costs for the renovation and reorganization of the dental clinic, which helps to assure the health and safety of patients, volunteers, and staff during the COVID-19 pandemic.
Read our Latest Annual Report
Sign up for our e-newsletter and stay connected with Oasis.