19-20 ANNUAL REPORT FINAL

FINANCIAL SUMMARY The 2019-20 financial performance reflected a period of strong sustained growth. Momentum Collective is in a strong financial position, continuing to increase its revenue base, maintaining a manageable level of operational expenditure and preserving a solid balance sheet. The 16% year on year revenue growth was primarily due to the following strategic activities: • increased funding in our NSW Community Programs (+13%) • increased patronage in centre based and in-home support, the expansion of those services across our geographic regions and an additional three Supported Independent Living properties (+28%) • increased in Community Housing properties (+6%) Momentum will continue to grow in accordance with our strategic plan and deliver positive outcomes for our clients, families and funders. Revenue by funding source:

$40,000

YoY +16%

$35,000

NSW MH +2%

$30,000

$25,000

$20,000

NDIS +28%

$15,000

$10,000

DCJ+13%

$5,000

CH +6%

$0

2017-2018

2018-2019

2019-2020

Dept of Social Services 2%

Dept Health & Ageing 2%

Community Housing

NSW FACS/DCJ

NDIS

NSW Health

Dept Social Services

Dept Health & Ageing QLD Disability Services

Dept Priminister & Cabinet

Community Housing 9%

NSW Health 8%

NSW Deptof Communities & Justice 20%

NDIS 56%

44 | Momentum Collective

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