Essentia Health
Essentia Health shows consistent revenue and asset growth with no officer compensation reported in 990 filings.
EIN: 200360007 · Duluth, MN · NTEE: E112 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $502.2M |
| Total Expenses | $340.2M |
| Program Spending | 85% |
| Net Assets | $428.5M |
| Transparency Score | 80/100 |
Is Essentia Health Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Essentia Health directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Essentia Health
Essentia Health (EIN: 200360007) is a nonprofit organization based in Duluth, MN, classified under NTEE code E112. The organization reported total revenue of $502.2M and total assets of $869.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Essentia Health's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Essentia Health is a major nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 25.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $348.2M |
| Total Expenses | $340.2M |
| Surplus / Deficit | +$8.0M |
| Total Assets | $723.2M |
| Total Liabilities | $294.7M |
| Net Assets | $428.5M |
| Operating Margin | 2.3% |
| Debt-to-Asset Ratio | 40.7% |
| Months of Reserves | 25.5 months |
Financial Health Grade: A
In 2023, Essentia Health reported a surplus of $8.0M with revenue exceeding expenses, holds 25.5 months of operating reserves (strong position), has a debt-to-asset ratio of 40.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Essentia Health's revenue has grown at a compound annual growth rate (CAGR) of 25.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.5% | +18.5% | +14.8% |
| 2022 | +79.2% | +35.4% | +2.8% |
| 2021 | +6.2% | +3.5% | +11.6% |
| 2020 | +12.8% | +12.4% | +31.1% |
| 2019 | +2.7% | +1.2% | +5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Essentia Health with a Mission Score of 80 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, Essentia Health 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 $8.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 40.7%.
Executive Compensation Analysis
The provided IRS 990 data consistently reports 0% officer compensation across all filings, which is unusual for an organization of Essentia Health's size and revenue. This suggests executive compensation may be reported elsewhere, paid by a related entity, or not disclosed in this specific field, requiring 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 Essentia Health's IRS 990 filings:
- Consistent 0% officer compensation reported, potentially indicating lack of transparency or reporting anomaly for executive pay.
- Increasing liabilities alongside assets, which, while potentially for growth, warrants closer examination of debt management.
Strengths
The following positive indicators were identified for Essentia Health:
- Consistent and significant revenue growth over the past decade, indicating strong financial health.
- Substantial asset growth, demonstrating increasing capacity and financial stability.
- Generally positive operating margins, with revenue consistently exceeding expenses in most years.
- Strong financial base for a healthcare provider (NTEE E112), suggesting robust operational capabilities.
Frequently Asked Questions about Essentia Health
Is Essentia Health a legitimate charity?
Based on AI analysis of IRS 990 filings, Essentia Health (EIN: 200360007) some concerns. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
How does Essentia Health spend its money?
Essentia Health directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Essentia Health tax-deductible?
Essentia Health is registered as a tax-exempt nonprofit (EIN: 200360007). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Essentia Health's spending goes to programs?
Essentia Health directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Essentia Health compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Essentia Health is above average for NTEE category E112 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Essentia Health located?
Essentia Health is headquartered in Duluth, Minnesota and files with the IRS under EIN 200360007. It is classified under NTEE code E112.
How many years of IRS 990 filings does Essentia Health have?
Essentia Health has 13 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 $502.2M in total revenue.
Where is executive compensation reported for Essentia Health, given the 0% reported in these filings?
The consistent reporting of 0% officer compensation in the provided 990 data for Essentia Health is highly unusual for an organization of its scale. This suggests that executive compensation might be reported in a different section of the 990, paid by a related organization (e.g., a parent system), or structured in a way that it doesn't appear in the 'Officer Comp' field provided. Further examination of the full 990 forms, particularly Part VII (Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees), would be necessary to understand how executive compensation is handled and disclosed.
What is the detailed breakdown of program, administrative, and fundraising expenses?
While the provided data shows total expenses, a detailed breakdown into program, administrative, and fundraising categories is not available. Based on the nature of a healthcare provider (NTEE Code E112), a significant portion of expenses would typically be program-related. To get precise percentages, one would need to review the full IRS 990, specifically Part IX (Statement of Functional Expenses).
How does Essentia Health manage its increasing liabilities?
Essentia Health's liabilities have generally increased alongside its assets, from $196,565,807 in 2014 to $294,668,684 in 2023. This often indicates investments in infrastructure, expansion, or operational financing. Given the substantial asset growth, the increase in liabilities may be a result of strategic borrowing for capital projects or other long-term investments that support its mission. A detailed analysis of the balance sheet would clarify the nature of these liabilities.
What is the specific impact of Essentia Health's programs on the community?
The provided financial data from IRS 990 filings does not detail the specific impact or outcomes of Essentia Health's programs on the community. As a healthcare provider, its mission inherently involves community health. To assess specific impact, one would need to review the organization's annual reports, program descriptions, and any impact assessments it publishes, which are outside the scope of financial filings.
Filing History
IRS 990 filing history for Essentia Health showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Essentia Health's revenue has grown by 1360.4%, moving from $23.8M to $348.2M. Total assets increased by 617.8% over the same period, from $100.7M to $723.2M. Total functional expenses rose by 1399%, from $22.7M to $340.2M. In its most recent filing year (2023), Essentia Health reported a surplus of $8.0M, with revenue exceeding expenses. The organization holds $294.7M in liabilities against $723.2M in assets (debt-to-asset ratio: 40.7%), resulting in net assets of $428.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $348.2M | $340.2M | $723.2M | $294.7M | — | View 990 |
| 2022 | $416.9M | $287.0M | $630.1M | $248.9M | — | View 990 |
| 2021 | $232.7M | $212.0M | $613.1M | $284.7M | — | — |
| 2020 | $219.1M | $204.9M | $549.4M | $334.2M | — | View 990 |
| 2019 | $194.2M | $182.2M | $419.2M | $220.4M | — | View 990 |
| 2018 | $189.2M | $180.1M | $396.1M | $219.2M | — | View 990 |
| 2017 | $180.2M | $175.0M | $372.8M | $221.3M | — | View 990 |
| 2016 | $148.1M | $152.1M | $300.1M | $184.4M | — | View 990 |
| 2015 | $141.9M | $132.4M | $295.3M | $187.8M | — | View 990 |
| 2014 | $131.8M | $120.7M | $288.4M | $196.6M | — | View 990 |
| 2013 | $79.7M | $71.9M | $257.2M | $185.7M | — | View 990 |
| 2012 | $76.7M | $59.8M | $128.3M | $70.3M | — | View 990 |
| 2011 | $23.8M | $22.7M | $100.7M | $56.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $348.2M, expenses of $340.2M, and assets of $723.2M (revenue -16.5% year-over-year).
- 2022: Revenue of $416.9M, expenses of $287.0M, and assets of $630.1M (revenue +79.2% year-over-year).
- 2021: Revenue of $232.7M, expenses of $212.0M, and assets of $613.1M (revenue +6.2% year-over-year).
- 2020: Revenue of $219.1M, expenses of $204.9M, and assets of $549.4M (revenue +12.8% year-over-year).
- 2019: Revenue of $194.2M, expenses of $182.2M, and assets of $419.2M (revenue +2.7% year-over-year).
- 2018: Revenue of $189.2M, expenses of $180.1M, and assets of $396.1M (revenue +5.0% year-over-year).
- 2017: Revenue of $180.2M, expenses of $175.0M, and assets of $372.8M (revenue +21.7% year-over-year).
- 2016: Revenue of $148.1M, expenses of $152.1M, and assets of $300.1M (revenue +4.3% year-over-year).
- 2015: Revenue of $141.9M, expenses of $132.4M, and assets of $295.3M (revenue +7.7% year-over-year).
- 2014: Revenue of $131.8M, expenses of $120.7M, and assets of $288.4M (revenue +65.4% year-over-year).
- 2013: Revenue of $79.7M, expenses of $71.9M, and assets of $257.2M (revenue +3.9% year-over-year).
- 2012: Revenue of $76.7M, expenses of $59.8M, and assets of $128.3M (revenue +221.5% year-over-year).
- 2011: Revenue of $23.8M, expenses of $22.7M, and assets of $100.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Essentia Health:
Data Sources and Methodology
This transparency report for Essentia Health 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.