OASIS APPLIANCE INC (EIN 264050751) - 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

2009

Legal Domicile

Principal Officer

MICHAEL HARRIS

Phone

9015770013

Tax Period

2023-01-01 to 2023-12-31

OASIS APPLIANCE INC, founded in 2009, is a small nonprofit in the Religion sector that reported $122K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $164K exceeded revenue, resulting in a 34% operating deficit.

Mission

PROVIDING CHRISTIAN MINISTRY, PRIMARILY IN NORTH MEMPHIS TN, BY ASSISTING LOW INCOME PERSONS TO PURCHASE NEEDED FURNITURE AND APPLIANCES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $38,000

Program Service Revenue $0

Investment Income $0

Other Revenue $84,145

TOTAL REVENUE $122,145

Expense Breakdown

Grants Paid $0

Salaries & Benefits $87,539

Fundraising Expenses $0

Program Expenses $148,361

Other Expenses $76,257

TOTAL EXPENSES $163,796

Year-over-Year Comparison

	2023	2022	Change
Revenue	$122,145	$111,906	+0.1%
Expenses	$163,796	$128,775	+0.3%
Net Income	$-41,651	$-16,869	+1.5%

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

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
ELI MORRIS	BOARD CHAIRM	1.00	Officer Director	$0	$0	$0
DANA DRIVER	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT HYDE III	TREASURER	1.00	Officer Director	$0	$0	$0
JACKIE BASS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN HVASTA	BOARD MEMBER	1.00	Director	$0	$0	$0
HENRY BISHOP	BOARD MEMBER	1.00	Director	$0	$0	$0
CLARISSA CROWDER-HARRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES ROCK	BOARD MEMBER	1.00	Director	$0	$0	$0
JILL DYSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL HARRIS	INTERIM EXE	1.00	Officer 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
2023	$122,145	$163,796	$117,878	$-41,651
2022	$111,906	$128,775	$129,319	$-16,869
2021	$94,241	$123,140	$137,182	$-28,899
2020	$164,088	$135,856	$170,553	$28,232
2019	$133,346	$148,081	$125,215	$-14,735
2018	$140,576	$152,722	$130,261	$-12,146

OASIS APPLIANCE INC