Impact Report 2025: Audited Financials

“We appreciate the many friends and partners who continue to support Mosaic’s mission. These results were only made possible because of their generous gifts and donations.” – Scott Hoffman, Senior Vice President and Chief Financial Officer

A Year of Generous Support and Strong Financial Growth

Mosaic and Affiliates concluded the fiscal year ending June 30, 2025, in a position of significant financial strength, reflecting successful operations, prudent investments, and the continued generosity of its supporters.

The balance sheet clearly demonstrates this health, with the net asset position climbing from $245 million in 2024 to $275 million in 2025. This $30 million increase represents a substantial 12% growth year-over-year. This growth was distributed across three key areas: Operational Performance and Investment Returns each contributed $12 million, while Gifts, Grants, and Estates added $6 million, underscoring the vital role of philanthropy in the organization’s mission.

Net Asset History as of June 30

Expanding Our Reach and Care

This sustained strength enabled Mosaic to significantly expand its services. Consolidated Revenue increased by 10% to reach $431 million. The majority of this impressive growth was fueled by strategic acquisitions in Maine and Arizona. This continuous expansion is central to Mosaic’s mission, enabling us to reach more individuals and consistently enhance the quality of the care they provide.

Gratitude and Accountability

The organization extends its heartfelt appreciation to the many friends and partners whose generous gifts and donations made these positive results possible.

Furthermore, Mosaic maintains robust financial integrity. The Board of Directors, through its Finance and Audit Committee, ensures strict oversight of financial management. Following the annual review, the independent auditors delivered an unqualified opinion on the Fiscal Year 2025 financial statements, certifying that the financial positions of Mosaic and Affiliates are fairly presented in all material respects.

The audited financial summary included in the Annual Report covers Mosaic and all its related entities. A full copy of the audit report or any IRS Form 990 may be obtained by contacting the organization directly.

Sincerely,

Scott Hoffman
Chief Financial Officer

FY2025 Financial Summary: Mosaic and Affiliates and The Mosaic Foundation

Scott Hoffman, a man with light skin and brown hair, smiles at the camera.