North Point Health & Wellness Center Inc
North Point Health & Wellness Center Inc shows consistent revenue growth and strong asset base, with recent year operating deficit following a significant surplus.
EIN: 200898277 · Minneapolis, MN · NTEE: E022 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.4M |
| Total Expenses | $11.6M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $10M |
| Net Assets | $5.9M |
| Transparency Score | 92/100 |
Is North Point Health & Wellness Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
North Point Health & Wellness Center Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About North Point Health & Wellness Center Inc
North Point Health & Wellness Center Inc (EIN: 200898277) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code E022. The organization reported total revenue of $11.4M and total assets of $5.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Point Health & Wellness Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
North Point Health & Wellness Center Inc is a large nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.8M |
| Total Expenses | $11.6M |
| Surplus / Deficit | $-803,605 |
| Total Assets | $6.4M |
| Total Liabilities | $484K |
| Net Assets | $5.9M |
| Operating Margin | -7.5% |
| Debt-to-Asset Ratio | 7.6% |
| Months of Reserves | 6.6 months |
Financial Health Grade: B
In 2023, North Point Health & Wellness Center Inc reported a deficit of $804K with expenses exceeding revenue, holds 6.6 months of operating reserves (strong position), has a debt-to-asset ratio of 7.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), North Point Health & Wellness Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.5% | +20.1% | -17.9% |
| 2022 | +5.6% | -3.9% | +38.2% |
| 2021 | +15.8% | +8.2% | +8.9% |
| 2020 | +57.7% | +52.8% | +21.0% |
| 2019 | -13.2% | -2.2% | -1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 North Point Health & Wellness Center Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, North Point Health & Wellness Center Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $804K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.6%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation across all periods, indicating that no salaries or benefits were paid to officers, which is highly unusual for an organization of this size ($10M+ revenue) and suggests a strong commitment to directing funds towards programs.
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 North Point Health & Wellness Center Inc's IRS 990 filings:
- Consistent reporting of 0% officer compensation for an organization of this size, which warrants further inquiry into executive compensation practices.
Strengths
The following positive indicators were identified for North Point Health & Wellness Center Inc:
- Consistent revenue growth over the past decade, from $4.5M in 2014 to over $10M in 2023.
- Strong and growing asset base, reaching $6.3 million in 2023, indicating financial stability.
- Low liabilities relative to assets, demonstrating good financial management and solvency.
- Consistent filing of IRS Form 990s over 13 periods, indicating strong transparency.
- Implied high program spending efficiency due to 0% reported officer compensation.
Frequently Asked Questions about North Point Health & Wellness Center Inc
Is North Point Health & Wellness Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, North Point Health & Wellness Center Inc (EIN: 200898277) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does North Point Health & Wellness Center Inc spend its money?
North Point Health & Wellness Center Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to North Point Health & Wellness Center Inc tax-deductible?
North Point Health & Wellness Center Inc is registered as a tax-exempt nonprofit (EIN: 200898277). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the North Point Health & Wellness Center Inc CEO make?
North Point Health & Wellness Center Inc's highest-compensated officer earns $10M annually. The organization reported $11.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of North Point Health & Wellness Center Inc's spending goes to programs?
North Point Health & Wellness Center Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does North Point Health & Wellness Center Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), North Point Health & Wellness Center Inc is above average for NTEE category E022 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is North Point Health & Wellness Center Inc located?
North Point Health & Wellness Center Inc is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 200898277. It is classified under NTEE code E022.
How many years of IRS 990 filings does North Point Health & Wellness Center Inc have?
North Point Health & Wellness Center Inc 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 $11.4M in total revenue.
How does North Point Health & Wellness Center Inc manage to operate without reporting officer compensation?
The IRS 990 filings consistently show 0% officer compensation. This could mean that executive leadership is compensated through other means not classified as 'officer compensation' on the 990, or that leadership roles are filled by volunteers, or compensated through a related entity. Further investigation into their organizational structure and compensation practices would be needed to fully understand this.
Is the recent operating deficit in 2023 a cause for concern?
While the 2023 fiscal year showed expenses ($11,584,805) exceeding revenue ($10,781,200), resulting in a deficit, it followed a substantial surplus in 2022 (revenue $11,658,235 vs. expenses $9,648,842). This suggests that the organization has the capacity to manage fluctuations and may have utilized reserves or experienced planned increased spending in 2023. It's not an immediate red flag given the overall financial health and asset base.
What is the trend in the organization's net assets?
The organization's net assets have shown a strong upward trend over the past decade, increasing from $2,732,129 (Assets $3,035,449 - Liabilities $303,320) in 2014 to $5,882,295 (Assets $6,366,544 - Liabilities $484,249) in 2023, indicating consistent growth in its financial reserves and capacity.
Filing History
IRS 990 filing history for North Point Health & Wellness Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), North Point Health & Wellness Center Inc's revenue has grown by 149.4%, moving from $4.3M to $10.8M. Total assets increased by 114.5% over the same period, from $3.0M to $6.4M. Total functional expenses rose by 185.2%, from $4.1M to $11.6M. In its most recent filing year (2023), North Point Health & Wellness Center Inc reported a deficit of $804K, with expenses exceeding revenue. The organization holds $484K in liabilities against $6.4M in assets (debt-to-asset ratio: 7.6%), resulting in net assets of $5.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.8M | $11.6M | $6.4M | $484K | — | — |
| 2022 | $11.7M | $9.6M | $7.8M | $508K | — | — |
| 2021 | $11.0M | $10.0M | $5.6M | $351K | — | View 990 |
| 2020 | $9.5M | $9.3M | $5.2M | $906K | — | View 990 |
| 2019 | $6.0M | $6.1M | $4.3M | $267K | — | View 990 |
| 2018 | $7.0M | $6.2M | $4.3M | $306K | — | View 990 |
| 2017 | $5.7M | $5.5M | $3.5M | $278K | — | View 990 |
| 2016 | $5.6M | $5.3M | $3.3M | $280K | — | View 990 |
| 2015 | $4.8M | $4.8M | $2.9M | $226K | — | View 990 |
| 2014 | $4.5M | $4.3M | $3.0M | $303K | — | View 990 |
| 2013 | $4.2M | $4.1M | $2.9M | $418K | — | View 990 |
| 2012 | $4.2M | $4.2M | $3.0M | $557K | — | View 990 |
| 2011 | $4.3M | $4.1M | $3.0M | $584K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.8M, expenses of $11.6M, and assets of $6.4M (revenue -7.5% year-over-year).
- 2022: Revenue of $11.7M, expenses of $9.6M, and assets of $7.8M (revenue +5.6% year-over-year).
- 2021: Revenue of $11.0M, expenses of $10.0M, and assets of $5.6M (revenue +15.8% year-over-year).
- 2020: Revenue of $9.5M, expenses of $9.3M, and assets of $5.2M (revenue +57.7% year-over-year).
- 2019: Revenue of $6.0M, expenses of $6.1M, and assets of $4.3M (revenue -13.2% year-over-year).
- 2018: Revenue of $7.0M, expenses of $6.2M, and assets of $4.3M (revenue +22.3% year-over-year).
- 2017: Revenue of $5.7M, expenses of $5.5M, and assets of $3.5M (revenue +1.0% year-over-year).
- 2016: Revenue of $5.6M, expenses of $5.3M, and assets of $3.3M (revenue +17.7% year-over-year).
- 2015: Revenue of $4.8M, expenses of $4.8M, and assets of $2.9M (revenue +5.8% year-over-year).
- 2014: Revenue of $4.5M, expenses of $4.3M, and assets of $3.0M (revenue +8.0% year-over-year).
- 2013: Revenue of $4.2M, expenses of $4.1M, and assets of $2.9M (revenue -0.5% year-over-year).
- 2012: Revenue of $4.2M, expenses of $4.2M, and assets of $3.0M (revenue -2.5% year-over-year).
- 2011: Revenue of $4.3M, expenses of $4.1M, and assets of $3.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for North Point Health & Wellness Center Inc:
Data Sources and Methodology
This transparency report for North Point Health & Wellness Center Inc 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.