The incorporated entity recorded a relatively small net loss of $13,837 for the financial year ending October 31, 2007.
The loss was up from the previous year's financial report, which recorded a $7170 net loss.
It is the third consecutive loss and leaves the organisation with a closing equity of negative $10,953.
While Rogers conceded finances remained a struggle, he said the organisation had increased its income and was delivering more to the community.
"Obviously we'd like to have more money available as a reserve, but we are in the stage where we are investing in everything to get Basketball Otago to where we want it to be.
"We're not stockpiling money. That's not what we are here for."
BBO's income has increased from $610,216 in 2006 to $690,767 in 2007. The increase is mostly down to a rise in sponsorship, but that has been offset with expenses also rising by $74,113 to $706,103.
Operations costs rose from $165,878 to $236,480, and representative expenses also went up from $28,368 to $56,380, with BBO spending more on its age group teams.
"We are working on improving our revenue streams, and you can see the income has increased again for the third year in a row.
"The majority of the new money is being invested in development. We are delivering a lot more to the community."
With the cost of fuel skyrocketing, and most of the age group tournaments staged in the North Island, the development programme was coming under "huge pressure".
But Rogers said BBO remained committed to delivering a quality age group programme.
Donations and grants have remained relatively stagnant, increasing marginally from $325,050 to $328,038, and provide the lion's share of BBO's income.
Rogers expects contributions from donations and grants will decline in the near future. Finding new income and sponsors was a major challenge in the current economic environment.
"It is a difficult time for all sports to find corporate partners."
