Breakwater Health Network
Breakwater Health Network shows fluctuating revenue and expenses with zero reported officer compensation.
EIN: 201686489 · Duluth, MN · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $527K |
| Total Expenses | $602K |
| Program Spending | 85% |
| Net Assets | $618K |
| Transparency Score | 85/100 |
Is Breakwater Health Network Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Breakwater Health Network directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Breakwater Health Network
Breakwater Health Network (EIN: 201686489) is a nonprofit organization based in Duluth, MN. The organization reported total revenue of $527K and total assets of $416K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Breakwater Health Network's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Breakwater Health Network is a small nonprofit that has been operating for 17 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of -7.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $694K |
| Total Expenses | $602K |
| Surplus / Deficit | +$93K |
| Total Assets | $660K |
| Total Liabilities | $42K |
| Net Assets | $618K |
| Operating Margin | 13.3% |
| Debt-to-Asset Ratio | 6.3% |
| Months of Reserves | 13.2 months |
Financial Health Grade: A
In 2023, Breakwater Health Network reported a surplus of $93K with revenue exceeding expenses, holds 13.2 months of operating reserves (strong position), has a debt-to-asset ratio of 6.3% (very low leverage).
Financial Trends
Over 11 years of filings (2013–2023), Breakwater Health Network's revenue has declined at a compound annual growth rate (CAGR) of -7.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -64.8% | -70.0% | +3.0% |
| 2022 | +55.3% | +57.6% | -0.1% |
| 2021 | +0.0% | -8.9% | -2.4% |
| 2020 | +16.5% | +49.6% | -9.9% |
| 2019 | +15.6% | +7.8% | +30.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Breakwater Health Network with a Mission Score of 85 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Breakwater Health Network 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 surplus of $93K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.3%.
Executive Compensation Analysis
Breakwater Health Network consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits were paid to officers, directors, trustees, or key employees, which is highly favorable for a nonprofit of its size.
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 Breakwater Health Network's IRS 990 filings:
- Significant year-over-year revenue decline from $1.97M in 2022 to $694K in 2023.
- Multiple years where expenses exceeded revenue (e.g., 2022, 2021, 2020, 2016, 2015, 2014), indicating potential operational deficits.
Strengths
The following positive indicators were identified for Breakwater Health Network:
- Consistent reporting of 0% officer compensation across all available filings, indicating strong fiscal responsibility.
- Consistent filing of IRS Form 990s over 11 periods, demonstrating good transparency and compliance.
- Assets consistently exceed liabilities, indicating a healthy balance sheet.
Frequently Asked Questions about Breakwater Health Network
Is Breakwater Health Network a legitimate charity?
Breakwater Health Network (EIN: 201686489) is a registered tax-exempt nonprofit based in Minnesota. Our AI analysis gives it a Mission Score of 85/100. It has 11 years of IRS 990 filings on record. Total revenue: $527K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Breakwater Health Network spend its money?
Breakwater Health Network directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Breakwater Health Network tax-deductible?
Breakwater Health Network is registered as a tax-exempt nonprofit (EIN: 201686489). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Breakwater Health Network's spending goes to programs?
Breakwater Health Network directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Breakwater Health Network located?
Breakwater Health Network is headquartered in Duluth, Minnesota and files with the IRS under EIN 201686489.
How many years of IRS 990 filings does Breakwater Health Network have?
Breakwater Health Network has 11 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 $527K in total revenue.
Is Breakwater Health Network a good charity?
Based on the available data, Breakwater Health Network demonstrates strong financial transparency with consistent 990 filings and zero reported officer compensation. While its revenue and expenses have fluctuated, its commitment to not compensating officers suggests a high dedication to its mission. A more definitive answer would require detailed program spending data.
How has Breakwater Health Network's revenue trended recently?
Breakwater Health Network's revenue has shown a significant decline recently, dropping from a peak of $1,971,597 in 2022 to $694,359 in 2023, after generally being over $1 million in previous years.
What is the organization's financial stability?
The organization's financial stability appears generally sound with assets consistently exceeding liabilities (e.g., $659,971 in assets vs. $41,587 in liabilities in 2023). However, periods where expenses exceeded revenue suggest a need for careful financial management to maintain long-term stability.
Filing History
IRS 990 filing history for Breakwater Health Network showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Breakwater Health Network's revenue has declined by 53.8%, moving from $1.5M to $694K. Total assets decreased by 4.4% over the same period, from $690K to $660K. Total functional expenses fell by 56.5%, from $1.4M to $602K. In its most recent filing year (2023), Breakwater Health Network reported a surplus of $93K, with revenue exceeding expenses. The organization holds $42K in liabilities against $660K in assets (debt-to-asset ratio: 6.3%), resulting in net assets of $618K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $694K | $602K | $660K | $42K | — | View 990 |
| 2022 | $2.0M | $2.0M | $641K | $115K | — | View 990 |
| 2021 | $1.3M | $1.3M | $641K | $82K | — | View 990 |
| 2020 | $1.3M | $1.4M | $657K | $95K | — | View 990 |
| 2019 | $1.1M | $933K | $730K | $41K | — | View 990 |
| 2018 | $943K | $866K | $561K | $29K | — | View 990 |
| 2017 | $994K | $939K | $489K | $34K | — | View 990 |
| 2016 | $950K | $979K | $449K | $48K | — | View 990 |
| 2015 | $1.1M | $1.1M | $469K | $40K | — | View 990 |
| 2014 | $992K | $1.2M | $560K | $111K | — | View 990 |
| 2013 | $1.5M | $1.4M | $690K | $52K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $694K, expenses of $602K, and assets of $660K (revenue -64.8% year-over-year).
- 2022: Revenue of $2.0M, expenses of $2.0M, and assets of $641K (revenue +55.3% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.3M, and assets of $641K (revenue +0.0% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.4M, and assets of $657K (revenue +16.5% year-over-year).
- 2019: Revenue of $1.1M, expenses of $933K, and assets of $730K (revenue +15.6% year-over-year).
- 2018: Revenue of $943K, expenses of $866K, and assets of $561K (revenue -5.1% year-over-year).
- 2017: Revenue of $994K, expenses of $939K, and assets of $489K (revenue +4.6% year-over-year).
- 2016: Revenue of $950K, expenses of $979K, and assets of $449K (revenue -11.4% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.1M, and assets of $469K (revenue +8.1% year-over-year).
- 2014: Revenue of $992K, expenses of $1.2M, and assets of $560K (revenue -34.1% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.4M, and assets of $690K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Breakwater Health Network:
Data Sources and Methodology
This transparency report for Breakwater Health Network 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.