Oasis Health Network Inc
Oasis Health Network Inc. shows consistent revenue growth and strong financial management with zero reported officer compensation.
EIN: 10497587 · Brunswick, ME · NTEE: E70 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $885K |
| Program Spending | 90% |
| Net Assets | $711K |
| Transparency Score | 92/100 |
Is Oasis Health Network Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Oasis Health Network Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Oasis Health Network Inc
Oasis Health Network Inc (EIN: 10497587) is a nonprofit organization based in Brunswick, ME, classified under NTEE code E70. The organization reported total revenue of $1.5M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Oasis Health Network Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Oasis Health Network Inc is a mid-size nonprofit that has been operating for 30 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 13.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $982K |
| Total Expenses | $885K |
| Surplus / Deficit | +$97K |
| Total Assets | $1.2M |
| Total Liabilities | $516K |
| Net Assets | $711K |
| Operating Margin | 9.9% |
| Debt-to-Asset Ratio | 42.1% |
| Months of Reserves | 16.6 months |
Financial Health Grade: A
In 2024, Oasis Health Network Inc reported a surplus of $97K with revenue exceeding expenses, holds 16.6 months of operating reserves (strong position), has a debt-to-asset ratio of 42.1% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), Oasis Health Network Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +27.3% | +32.0% | +100.7% |
| 2023 | +49.1% | +30.1% | +20.0% |
| 2022 | -4.3% | +19.6% | -0.2% |
| 2021 | +36.3% | +6.0% | +11.2% |
| 2020 | +7.0% | +11.6% | +11.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Oasis Health Network Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Oasis Health Network Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $97K, with revenue exceeding expenses.
- Debt-to-asset ratio: 42.1%.
Executive Compensation Analysis
Oasis Health Network Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is a highly positive indicator, suggesting that all resources are directed towards the organization's mission and operational costs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Oasis Health Network Inc:
- Consistent revenue growth, from $216,044 in 2015 to $982,308 in 2024.
- Strong financial management with expenses generally below revenue, leading to asset growth (e.g., $982,308 revenue vs. $885,195 expenses in 2024).
- Zero reported officer compensation across all filings, indicating high efficiency and dedication of resources to mission.
- Robust filing history with 14 IRS 990 filings, demonstrating strong transparency and compliance.
- Significant asset growth from $548,326 in 2015 to $1,226,936 in 2024.
Frequently Asked Questions about Oasis Health Network Inc
Is Oasis Health Network Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Oasis Health Network Inc (EIN: 10497587) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Oasis Health Network Inc spend its money?
Oasis Health Network Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Oasis Health Network Inc tax-deductible?
Oasis Health Network Inc is registered as a tax-exempt nonprofit (EIN: 10497587). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Oasis Health Network Inc's spending goes to programs?
Oasis Health Network Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Oasis Health Network Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Oasis Health Network Inc is above average for NTEE category E70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Oasis Health Network Inc located?
Oasis Health Network Inc is headquartered in Brunswick, Maine and files with the IRS under EIN 10497587. It is classified under NTEE code E70.
How many years of IRS 990 filings does Oasis Health Network Inc have?
Oasis Health Network Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.5M in total revenue.
Is Oasis Health Network Inc. a good charity?
Based on the available IRS 990 data, Oasis Health Network Inc. appears to be a good charity. It demonstrates consistent revenue growth, sound financial management with expenses generally below revenue, and a strong commitment to its mission as evidenced by 0% officer compensation.
How has Oasis Health Network Inc.'s financial health changed over time?
Oasis Health Network Inc. has shown significant financial growth. Revenue increased from $216,044 in 2015 to $982,308 in 2024, and assets grew from $548,326 to $1,226,936 over the same period, indicating a strong upward trend in financial health.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation in all available IRS 990 filings, indicating that no salaries are paid to its officers. This is a highly efficient and transparent approach to executive compensation.
Filing History
IRS 990 filing history for Oasis Health Network Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Oasis Health Network Inc's revenue has grown by 397.7%, moving from $197K to $982K. Total assets increased by 564.1% over the same period, from $185K to $1.2M. Total functional expenses rose by 366.8%, from $190K to $885K. In its most recent filing year (2024), Oasis Health Network Inc reported a surplus of $97K, with revenue exceeding expenses. The organization holds $516K in liabilities against $1.2M in assets (debt-to-asset ratio: 42.1%), resulting in net assets of $711K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $982K | $885K | $1.2M | $516K | — | View 990 |
| 2023 | $772K | $671K | $611K | $0 | — | View 990 |
| 2022 | $517K | $515K | $510K | $0 | — | View 990 |
| 2021 | $541K | $431K | $511K | $0 | — | View 990 |
| 2020 | $397K | $406K | $459K | $58K | — | View 990 |
| 2019 | $371K | $364K | $411K | $0 | — | View 990 |
| 2018 | $319K | $398K | $404K | $0 | — | View 990 |
| 2017 | $373K | $355K | $483K | $0 | — | View 990 |
| 2016 | $64K | $147K | $465K | $0 | — | View 990 |
| 2015 | $216K | $218K | $548K | $0 | — | View 990 |
| 2014 | $544K | $183K | $551K | $0 | — | View 990 |
| 2013 | $167K | $173K | $189K | $0 | — | View 990 |
| 2012 | $230K | $203K | $194K | $0 | — | View 990 |
| 2011 | $197K | $190K | $185K | $17K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $982K, expenses of $885K, and assets of $1.2M (revenue +27.3% year-over-year).
- 2023: Revenue of $772K, expenses of $671K, and assets of $611K (revenue +49.1% year-over-year).
- 2022: Revenue of $517K, expenses of $515K, and assets of $510K (revenue -4.3% year-over-year).
- 2021: Revenue of $541K, expenses of $431K, and assets of $511K (revenue +36.3% year-over-year).
- 2020: Revenue of $397K, expenses of $406K, and assets of $459K (revenue +7.0% year-over-year).
- 2019: Revenue of $371K, expenses of $364K, and assets of $411K (revenue +16.1% year-over-year).
- 2018: Revenue of $319K, expenses of $398K, and assets of $404K (revenue -14.4% year-over-year).
- 2017: Revenue of $373K, expenses of $355K, and assets of $483K (revenue +487.2% year-over-year).
- 2016: Revenue of $64K, expenses of $147K, and assets of $465K (revenue -70.6% year-over-year).
- 2015: Revenue of $216K, expenses of $218K, and assets of $548K (revenue -60.3% year-over-year).
- 2014: Revenue of $544K, expenses of $183K, and assets of $551K (revenue +225.8% year-over-year).
- 2013: Revenue of $167K, expenses of $173K, and assets of $189K (revenue -27.4% year-over-year).
- 2012: Revenue of $230K, expenses of $203K, and assets of $194K (revenue +16.6% year-over-year).
- 2011: Revenue of $197K, expenses of $190K, and assets of $185K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Oasis Health Network Inc:
Data Sources and Methodology
This transparency report for Oasis Health Network Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.