North Olympic Healthcare Network
EIN: 471444061 · Port Angeles, WA · NTEE: E30
| Metric | Value |
|---|---|
| Total Revenue | $27.0M |
| Total Expenses | $21.6M |
| Net Assets | $13.2M |
Is North Olympic Healthcare Network Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About North Olympic Healthcare Network
North Olympic Healthcare Network (EIN: 471444061) is a nonprofit organization based in Port Angeles, WA, classified under NTEE code E30. The organization reported total revenue of $27.0M and total assets of $22.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Olympic Healthcare Network's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
North Olympic Healthcare Network is a large nonprofit that has been operating for 11 years, with 9 years of IRS 990 filings on record (2016–2024). Revenue has grown at a compound annual rate of 18.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $21.0M |
| Total Expenses | $21.6M |
| Surplus / Deficit | $-586,701 |
| Total Assets | $21.4M |
| Total Liabilities | $8.2M |
| Net Assets | $13.2M |
| Operating Margin | -2.8% |
| Debt-to-Asset Ratio | 38.3% |
| Months of Reserves | 11.9 months |
Financial Health Grade: B
In 2024, North Olympic Healthcare Network reported a deficit of $587K with expenses exceeding revenue, holds 11.9 months of operating reserves (strong position), has a debt-to-asset ratio of 38.3% (moderate leverage).
Financial Trends
Over 9 years of filings (2016–2024), North Olympic Healthcare Network's revenue has grown at a compound annual growth rate (CAGR) of 18.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +1.1% | +14.8% | -4.8% |
| 2023 | +12.1% | +15.4% | +6.9% |
| 2022 | -1.7% | +8.6% | +18.8% |
| 2021 | +19.5% | +2.9% | +109.8% |
| 2020 | +10.4% | +25.7% | +39.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for North Olympic Healthcare Network has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates North Olympic Healthcare Network with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $587K, with expenses exceeding revenue.
- Debt-to-asset ratio: 38.3%.
Frequently Asked Questions about North Olympic Healthcare Network
Is North Olympic Healthcare Network a legitimate charity?
North Olympic Healthcare Network (EIN: 471444061) is a registered tax-exempt nonprofit based in Washington. It has 9 years of IRS 990 filings on record. Total revenue: $27.0M. No red flags identified. Financial health grade: B.
How does North Olympic Healthcare Network spend its money?
North Olympic Healthcare Network reported $27.0M in total revenue in IRS 990 filings. 9 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to North Olympic Healthcare Network tax-deductible?
North Olympic Healthcare Network is registered as a tax-exempt nonprofit (EIN: 471444061). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is North Olympic Healthcare Network located?
North Olympic Healthcare Network is headquartered in Port Angeles, Washington and files with the IRS under EIN 471444061. It is classified under NTEE code E30.
How many years of IRS 990 filings does North Olympic Healthcare Network have?
North Olympic Healthcare Network has 9 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 $27.0M in total revenue.
Filing History
IRS 990 filing history for North Olympic Healthcare Network showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2016–2024), North Olympic Healthcare Network's revenue has grown by 284.8%, moving from $5.4M to $21.0M. Total assets increased by 2265.8% over the same period, from $904K to $21.4M. Total functional expenses rose by 353.9%, from $4.7M to $21.6M. In its most recent filing year (2024), North Olympic Healthcare Network reported a deficit of $587K, with expenses exceeding revenue. The organization holds $8.2M in liabilities against $21.4M in assets (debt-to-asset ratio: 38.3%), resulting in net assets of $13.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $21.0M | $21.6M | $21.4M | $8.2M | — | View 990 |
| 2023 | $20.7M | $18.8M | $22.5M | $8.8M | — | View 990 |
| 2022 | $18.5M | $16.3M | $21.0M | $9.3M | — | View 990 |
| 2021 | $18.8M | $15.0M | $17.7M | $8.1M | — | — |
| 2020 | $15.7M | $14.6M | $8.4M | $2.6M | — | View 990 |
| 2019 | $14.2M | $11.6M | $6.0M | $1.4M | — | View 990 |
| 2018 | $10.9M | $9.0M | $3.4M | $1.4M | — | — |
| 2017 | $7.4M | $7.4M | $1.6M | $1.5M | — | View 990 |
| 2016 | $5.4M | $4.7M | $904K | $204K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $21.0M, expenses of $21.6M, and assets of $21.4M (revenue +1.1% year-over-year).
- 2023: Revenue of $20.7M, expenses of $18.8M, and assets of $22.5M (revenue +12.1% year-over-year).
- 2022: Revenue of $18.5M, expenses of $16.3M, and assets of $21.0M (revenue -1.7% year-over-year).
- 2021: Revenue of $18.8M, expenses of $15.0M, and assets of $17.7M (revenue +19.5% year-over-year).
- 2020: Revenue of $15.7M, expenses of $14.6M, and assets of $8.4M (revenue +10.4% year-over-year).
- 2019: Revenue of $14.2M, expenses of $11.6M, and assets of $6.0M (revenue +31.0% year-over-year).
- 2018: Revenue of $10.9M, expenses of $9.0M, and assets of $3.4M (revenue +46.9% year-over-year).
- 2017: Revenue of $7.4M, expenses of $7.4M, and assets of $1.6M (revenue +35.9% year-over-year).
- 2016: Revenue of $5.4M, expenses of $4.7M, and assets of $904K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for North Olympic Healthcare Network:
Data Sources and Methodology
This transparency report for North Olympic Healthcare 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.