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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