Aitkin Health Services
Aitkin Health Services faces recurring operational deficits and high liabilities.
EIN: 203367397 · Aitkin, MN · NTEE: P11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.3M |
| Total Expenses | $5.7M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $-577,034 |
| Transparency Score | 60/100 |
Is Aitkin Health Services Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Aitkin Health Services directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Aitkin Health Services
Aitkin Health Services (EIN: 203367397) is a nonprofit organization based in Aitkin, MN, classified under NTEE code P11. The organization reported total revenue of $6.3M and total assets of $6.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Aitkin Health Services's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Aitkin Health Services is a mid-size nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.3M |
| Total Expenses | $5.7M |
| Surplus / Deficit | $-409,267 |
| Total Assets | $6.5M |
| Total Liabilities | $7.1M |
| Net Assets | $-577,034 |
| Operating Margin | -7.7% |
| Debt-to-Asset Ratio | 108.8% |
| Months of Reserves | 13.6 months |
Financial Health Grade: C
In 2023, Aitkin Health Services reported a deficit of $409K with expenses exceeding revenue, holds 13.6 months of operating reserves (strong position), has a debt-to-asset ratio of 108.8% (high leverage).
Financial Trends
Over 14 years of filings (2011–2023), Aitkin Health Services's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.6% | -0.6% | -8.1% |
| 2022 | -0.7% | +12.6% | -6.8% |
| 2021 | +4.2% | +4.1% | +34.7% |
| 2020 | +325.5% | +337.6% | -2.2% |
| 2019 | -74.6% | -75.3% | +0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
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 Aitkin Health Services with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Aitkin Health Services allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $409K, with expenses exceeding revenue.
- Debt-to-asset ratio: 108.8%.
Executive Compensation Analysis
No officer compensation has been reported across all available filings, which is unusual for an organization of this size with over $5 million in annual revenue. This could indicate a volunteer executive team or that compensation is categorized differently, warranting further investigation for full transparency.
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.
Red Flags
The following concerns were identified during AI analysis of Aitkin Health Services's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., $409,267 in 202309).
- Liabilities frequently exceed assets, indicating a potentially precarious financial position.
- No reported officer compensation across all filings, which may obscure true leadership costs.
Strengths
The following positive indicators were identified for Aitkin Health Services:
- Consistent revenue generation over $5 million in recent periods.
- Long filing history (14 filings) indicates consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Aitkin Health Services
Is Aitkin Health Services a legitimate charity?
Based on AI analysis of IRS 990 filings, Aitkin Health Services (EIN: 203367397) some concerns. Mission Score: 60/100. 3 red flags identified, 2 strengths noted.
How does Aitkin Health Services spend its money?
Aitkin Health Services directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Aitkin Health Services tax-deductible?
Aitkin Health Services is registered as a tax-exempt nonprofit (EIN: 203367397). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Aitkin Health Services CEO make?
Aitkin Health Services's highest-compensated officer earns $5 annually. The organization reported $6.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Aitkin Health Services's spending goes to programs?
Aitkin Health Services directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Aitkin Health Services compare to similar nonprofits?
With a transparency score of 60/100 (Good), Aitkin Health Services is above average for NTEE category P11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Aitkin Health Services located?
Aitkin Health Services is headquartered in Aitkin, Minnesota and files with the IRS under EIN 203367397. It is classified under NTEE code P11.
How many years of IRS 990 filings does Aitkin Health Services have?
Aitkin Health Services 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 $6.3M in total revenue.
Is Aitkin Health Services financially stable?
Aitkin Health Services has shown recurring operational deficits in recent years (e.g., $409,267 deficit in 202309) and its liabilities frequently exceed its assets, suggesting potential financial instability.
Why is no officer compensation reported?
The IRS 990 filings consistently report 0% officer compensation, which is uncommon for an organization with over $5 million in revenue. This could mean executive leadership is volunteer-based or compensation is reported under other expense categories.
What is the trend in the organization's net assets?
Net assets have fluctuated, with liabilities often exceeding assets in recent periods (e.g., 202309 and 202209), indicating a negative net asset position in those years.
Filing History
IRS 990 filing history for Aitkin Health Services showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Aitkin Health Services's revenue has grown by 37.7%, moving from $3.9M to $5.3M. Total assets decreased by 9.3% over the same period, from $7.2M to $6.5M. Total functional expenses rose by 55.6%, from $3.7M to $5.7M. In its most recent filing year (2023), Aitkin Health Services reported a deficit of $409K, with expenses exceeding revenue. The organization holds $7.1M in liabilities against $6.5M in assets (debt-to-asset ratio: 108.8%), resulting in net assets of $-577,034.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.3M | $5.7M | $6.5M | $7.1M | — | — |
| 2022 | $5.3M | $5.8M | $7.1M | $7.2M | — | View 990 |
| 2021 | $5.3M | $5.1M | $7.6M | $7.2M | — | View 990 |
| 2020 | $5.1M | $4.9M | $5.7M | $5.5M | — | View 990 |
| 2019 | $1.2M | $1.1M | $5.8M | $5.7M | — | View 990 |
| 2019 | $4.7M | $4.6M | $5.7M | $5.7M | — | View 990 |
| 2018 | $4.2M | $4.3M | $5.8M | $6.0M | — | View 990 |
| 2017 | $3.6M | $4.2M | $6.1M | $6.0M | — | View 990 |
| 2016 | $3.6M | $4.0M | $6.2M | $5.6M | — | View 990 |
| 2015 | $3.7M | $3.7M | $6.5M | $5.4M | — | View 990 |
| 2014 | $3.7M | $3.6M | $6.7M | $5.7M | — | View 990 |
| 2013 | $3.5M | $3.6M | $7.0M | $6.0M | — | View 990 |
| 2012 | $3.6M | $3.7M | $7.0M | $6.0M | — | View 990 |
| 2011 | $3.9M | $3.7M | $7.2M | $6.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.3M, expenses of $5.7M, and assets of $6.5M (revenue +0.6% year-over-year).
- 2022: Revenue of $5.3M, expenses of $5.8M, and assets of $7.1M (revenue -0.7% year-over-year).
- 2021: Revenue of $5.3M, expenses of $5.1M, and assets of $7.6M (revenue +4.2% year-over-year).
- 2020: Revenue of $5.1M, expenses of $4.9M, and assets of $5.7M (revenue +325.5% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.1M, and assets of $5.8M (revenue -74.6% year-over-year).
- 2019: Revenue of $4.7M, expenses of $4.6M, and assets of $5.7M (revenue +13.4% year-over-year).
- 2018: Revenue of $4.2M, expenses of $4.3M, and assets of $5.8M (revenue +14.8% year-over-year).
- 2017: Revenue of $3.6M, expenses of $4.2M, and assets of $6.1M (revenue -0.2% year-over-year).
- 2016: Revenue of $3.6M, expenses of $4.0M, and assets of $6.2M (revenue -1.5% year-over-year).
- 2015: Revenue of $3.7M, expenses of $3.7M, and assets of $6.5M (revenue -0.5% year-over-year).
- 2014: Revenue of $3.7M, expenses of $3.6M, and assets of $6.7M (revenue +5.3% year-over-year).
- 2013: Revenue of $3.5M, expenses of $3.6M, and assets of $7.0M (revenue -0.9% year-over-year).
- 2012: Revenue of $3.6M, expenses of $3.7M, and assets of $7.0M (revenue -8.0% year-over-year).
- 2011: Revenue of $3.9M, expenses of $3.7M, and assets of $7.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Aitkin Health Services:
Data Sources and Methodology
This transparency report for Aitkin Health Services 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.