DULUTH, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BREAKWATER HEALTH NETWORK, founded in 2004, is a small nonprofit that reported $527K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $676K exceeded revenue, resulting in a 28% operating deficit.
The Mission of Breakwater Health Network is to support its members by developing and sustaining systems that foster clinical excellence and healthy communities.
Establish and manage integrated management information (MIS) system for its member health centers to further the Networks purpose of promoting general social welfare of the community by making...
Establish and manage integrated management information (MIS) system for its member health centers to further the Networks purpose of promoting general social welfare of the community by making services such as telemedicine and other services requiring real-time information flow and dissemination between health care providers available and accessible to the medically underserved .
Developing a shared health information technology (HIT) infrastructure with technical and application resources to integrate medical records expertise to enable data-driven health care treatment...
Developing a shared health information technology (HIT) infrastructure with technical and application resources to integrate medical records expertise to enable data-driven health care treatment plans to improve patient care in the safety net community health care system.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $527,131 | $420,750 | +0.3% |
| Expenses | $676,050 | $630,881 | +0.1% |
| Net Income | $-148,919 | $-210,131 | -0.3% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JOE HOLMSETH | EXECUTIVE DR | 40.00 |
Officer
|
$143,659 | $10,611 | $154,270 |
| SALLY TRNKA | FMR ED | 40.00 |
Officer
|
$130,966 | $8,389 | $139,355 |
| LEE HOMAN | Director | 8.00 |
Director
|
$0 | $0 | $0 |
| KEITH HARVEY | Treasurer | 8.00 |
Officer
Director
|
$0 | $0 | $0 |
| KATE SURBAUGH | President | 8.00 |
Officer
Director
|
$0 | $0 | $0 |
| RHONDA EASTLUND | VICE PRESIDENT | 8.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $527,131 | $676,050 | $415,753 | $-148,919 |
| 2024 | $420,750 | $630,881 | $552,447 | $-210,131 |
| 2023 | $694,359 | $606,964 | $659,970 | $87,395 |
| 2023 | $694,359 | $601,718 | $659,971 | $92,641 |
| 2022 | $1,971,597 | $2,005,228 | $640,816 | $-33,631 |
| 2021 | $544,760 | $547,376 | $641,390 | $-2,616 |
| 2021 | $1,269,737 | $1,272,353 | $641,390 | $-2,616 |
| 2020 | $1,269,610 | $1,396,544 | $657,392 | $-126,934 |
| 2019 | $1,089,813 | $933,253 | $729,867 | $156,560 |
Compare BREAKWATER HEALTH NETWORK with other nonprofits in Minnesota and across the country.