Civic Intelligence

Oasis Appliance Inc.

990 • Fiscal year 2014 • EIN 26-4050751

Jan 01, 2014 to Dec 31, 2014 • Filed on May 12, 2015

932 North Sixth StreetMemphis, TN 38107

(901) 577-0013

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

94th percentile

0.97x

Higher debt load relative to assets than 94% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

89th percentile

0.29x

Higher debt load relative to revenue than 89% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

76th percentile

19%

Higher net margin than 76% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

65th percentile

12%

Faster asset growth than 65% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

89th percentile

68%

Faster revenue growth than 89% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Up

$76,100

Up $8,223 (+12%) from 2013

Net Assets

Up

$2,256

Up $47,817 (+105%) from 2013

Liabilities

Down

$73,844

Down $39,594 (-35%) from 2013

Revenue

Up

$250,412

Up $101,040 (+68%) from 2013

Expenses

Down

$202,595

Down $7,653 (-3.6%) from 2013

Net Income

Up

$47,817

Up $108,693 (+179%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200K$100K$0-$100KAssets 2012: $16,100Liabilities 2012: $785Net Assets 2012: $15,3152012Assets 2013: $67,877Liabilities 2013: $113,438Net Assets 2013: -$45,5612013Assets 2014: $76,100Liabilities 2014: $73,844Net Assets 2014: $2,2562014Assets 2015: $82,121Liabilities 2015: $63,368Net Assets 2015: $18,7532015Assets 2016: $23,337Liabilities 2016: $47,528Net Assets 2016: -$24,1912016Assets 2017: $142,228Liabilities 2017: $51,538Net Assets 2017: $90,6902017Assets 2018: $130,261Liabilities 2018: $51,717Net Assets 2018: $78,5442018Assets 2019: $125,215Liabilities 2019: $61,325Net Assets 2019: $63,8902019Assets 2020: $170,553Liabilities 2020: $78,431Net Assets 2020: $92,1222020Assets 2021: $137,182Liabilities 2021: $61,791Net Assets 2021: $75,3912021Assets 2022: $129,319Liabilities 2022: $70,797Net Assets 2022: $58,5222022Assets 2023: $117,878Liabilities 2023: $101,007Net Assets 2023: $16,8712023

Highlighted filing

2014

Assets$76,100
Liabilities$73,844
Net Assets$2,256

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2012: $54,360Expenses 2012: $64,268Net Income 2012: -$9,9082012Revenue 2013: $149,372Expenses 2013: $210,248Net Income 2013: -$60,8762013Revenue 2014: $250,412Expenses 2014: $202,595Net Income 2014: $47,8172014Revenue 2015: $199,335Expenses 2015: $182,838Net Income 2015: $16,4972015Revenue 2016: $72,318Expenses 2016: $115,262Net Income 2016: -$42,9442016Revenue 2017: $256,089Expenses 2017: $141,208Net Income 2017: $114,8812017Revenue 2018: $140,576Expenses 2018: $152,722Net Income 2018: -$12,1462018Revenue 2019: $133,346Expenses 2019: $148,081Net Income 2019: -$14,7352019Revenue 2020: $164,088Expenses 2020: $135,856Net Income 2020: $28,2322020Revenue 2021: $94,241Expenses 2021: $123,140Net Income 2021: -$28,8992021Revenue 2022: $111,906Expenses 2022: $128,775Net Income 2022: -$16,8692022Revenue 2023: $122,145Expenses 2023: $163,796Net Income 2023: -$41,6512023

Highlighted filing

2014

Revenue$250,412
Expenses$202,595
Net Income$47,817
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 12, 2015
Return Version
2014v5.0
Gross Receipts
$271,669
Mission and Program Overview

Mission

Providing christian ministry, primarily in north memphis, tn, by assisting low income persons to purchase needed fixtures.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$43,136$60,038▲ $16,902
Cash and Non-Interest-Bearing Accounts$23,588$15,707▼ $7,881
Total Assets$67,877$76,100▲ $8,223
Other Assets Total$1,153$355▼ $798
Liabilities
Other Liabilities$113,369$73,844▼ $39,525
Accounts Payable and Accrued Expenses$69--
Total Liabilities$113,438$73,844▼ $39,594
Net Assets / Fund Balance
Unrestricted Net Assets$-45,561$2,256▲ $47,817
Total Net Assets Fund Balance$-45,561$2,256▲ $47,817
Total Liabilities and Net Assets / Fund Balance$67,877$76,100▲ $8,223

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$50,770$1,416$52,186
Equipment$9,268$7,923$17,191
Compensation and Service Providers

Board Members and Trustees

NameTitle
Eli MorrisBoard Chairman
Henry BishopBoard Member
Jackie BassBoard Member
John HvastaBoard Member
Terry HoffDirector
Dana DriverSecretary
Chris GillilandTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$28,260
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$222,152
All Other Contributions
$28,260
Change in Net Assets
$47,817
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$116,165
Salaries, Compensation, and Employee Benefits$86,430
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$66,763--$66,763
Occupancy$50,685--$50,685
Other Employee Benefits$14,066--$14,066
Fees for Services Accounting-$12,291-$12,291
Insurance$8,681--$8,681
Fees for Services Other$7,010--$7,010
Advertising$5,900--$5,900
Payroll Taxes$5,601--$5,601
All Other Expenses$5,371--$5,371
Depreciation Depletion$4,191--$4,191
Office Expenses-$2,552-$2,552
Other Expenses$1,690$953-$1,690
Total Functional Expenses$186,799$15,796$0$202,595
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Hope Presbyterian Church$61,265
Due to Oasis of Hope$11,334
Sales Tax Payable$1,351
Benefit Clearing Account$-106
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The organization provides a copy of form 990 to it's officers for review

Form 990, Part VI, Section B, Line 12C

The management and board look over operations and financials regularly to insure compliance.

Form 990, Part VI, Section B, Line 15

A review and approval by independent persons takes place for determining compensation of the organization's officers or key employees.

Form 990, Part VI, Section C, Line 19

Forms 990 are made available for public inspection upon request

Filing and Contact Details

Filer

Filer Name
Oasis Appliance Inc
EIN
26-4050751
Phone
9015770013
Address
932 NORTH SIXTH STREET, MEMPHIS, TN 38107

Signing Officer

Name
Terry Hoff
Title
Executive Director
Phone
9014386600
Signed
2015-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terry Hoff
Formed
2009
Legal Domicile
Tn
Voting Board Members
6
Independent Board Members
6
Employees
8
Volunteers
25

Preparer

Firm
Cannon Wright Blount Pllc
Address
756 RIDGE LAKE BLVD SUITE 100, MEMPHIS, TN 38120-9420
Preparer
Tracy Debacco Balton CPA
Phone
9016857500
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt050770
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01416
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt052186
IRS990ScheduleD/EquipmentGrp/BookValueAmt09268
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07923
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt017191
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01351
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1-106
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt261265
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt311334
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SALES TAX PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1BENEFIT CLEARING ACCOUNT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO HOPE PRESBYTERIAN CHURCH
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DUE TO OASIS OF HOPE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt060038
IRS990ScheduleD/TotalLiabilityAmt073844
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PROVIDES A COPY OF FORM 990 TO IT'S OFFICERS FOR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MANAGEMENT AND BOARD LOOK OVER OPERATIONS AND FINANCIALS REGULARLY TO INSURE COMPLIANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A REVIEW AND APPROVAL BY INDEPENDENT PERSONS TAKES PLACE FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S OFFICERS OR KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORMS 990 ARE MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0OASIS OF HOPE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0611470925
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ORGANIZATION THAT ENCOURAGES LIFE-ON-LIFE RELATIONSHIPS
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IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
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IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt076100
IRS990/TotalAssetsGrp/BOYAmt067877
IRS990/TotalAssetsGrp/EOYAmt076100
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IRS990/TotalEmployeeCnt08
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0186799
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IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0186799
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0222152
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0250412
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IRS990/TotalVolunteersCnt025
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IRS990/UponRequestInd0X
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IRS990/VotingMembersGoverningBodyCnt06
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IRS990/WebsiteAddressTxt0OASIS-OF-HOPE.COM/OASIS-APPLIANCE
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TERRY HOFF
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09014386600

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