Overview
What is Breakwater Health Network?
Breakwater Health Network is a nonprofit organization situated in Duluth, Minnesota, specifically at 1346 W Arrowhead Rd 332. Their primary mission is to promote the general welfare of their community by enhancing accessibility to essential health services, such as telemedicine, for medically underserved individuals. They achieve this by establishing and managing an integrated management information (MIS) system for their member health centers. By doing so, Breakwater Health Network aims to foster clinical excellence and contribute to the creation of healthy communities, employing a team of three individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, earning it a Two-Star out of Four Star rating.
Breakwater Health Network has received a Two-Star rating from Charity Navigator, primarily based on its accountability and finance practices. The organization demonstrates strong governance with a fully independent board, scoring well in areas such as board size and conflict of interest policies. However, it has significant weaknesses in financial transparency, indicated by low scores in financial statements and the posting of its tax forms online.
While the organization has an impressive program expense ratio, allocating a high percentage of its budget to programs, its lack of transparency on financial matters raises concerns. The absence of key policies, such as a whistleblower policy and proper document retention practices, suggests potential areas for improvement. Overall, while Breakwater Health Network shows a commitment to its mission through program spending, its financial accountability needs attention to build trust with donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Breakwater Health Network legitimate?
Breakwater Health Network is a legitimate nonprofit organization registered as a 501(c)(3) entity. Breakwater Health Network submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $356,678
For more financial information, click here
What is the mission statement of Breakwater Health Network?
Breakwater Health Network's mission is centered around supporting its members by designing and maintaining systems that encourage clinical proficiency and foster the well-being of communities. By establishing an integrated management information system, the Network aims to expand its reach in promoting community welfare. This system enables the provision of advanced services, such as telemedicine, to medically underserved populations, thereby making healthcare more accessible and efficient. The Network's objective is to leverage these systems to improve overall healthcare delivery and enhance the general health of the communities it serves.
Who is the CEO of Breakwater Health Network?
Michael Holmes is the President of Breakwater Health Network.
What is the revenue of Breakwater Health Network?
Breakwater Health Network's revenue in 2022 was $1,971,597.
Who are the executives of Breakwater Health Network and what are their salaries?
The average compensation at Breakwater Health Network during 2022 was $118,893. There are 3 employees and 14 volunteers at Breakwater Health Network.
Here are 7 key members and their salaries:
- Compensation: $120,553
- Related: $0
- Other: $0
- Compensation: $105,764
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Breakwater Health Network?
Breakwater Health Network's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Breakwater Health Network
Breakwater Health Network, as an organization, is committed to supporting its members by establishing and maintaining systems that promote clinical excellence and contribute to the well-being of communities. The primary goal of Breakwater Health Network is to develop and sustain these systems, thereby furthering its purpose of enhancing the general social welfare of the community. To achieve this, Breakwater Health Network implements an integrated management information (MIS) system within its member health centers. This system allows for the seamless flow and dissemination of real-time information, such as telemedicine services, between healthcare providers. By doing so, Breakwater Health Network ensures that these essential services are made accessible and available to the medically underserved population.
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Impact
August, 2024
Breakwater Health Network's impact is significant in promoting general social welfare by providing its member health centers with integrated management information systems. Through these systems, the network's mission of supporting clinical excellence and healthy communities is furthered by making services like telemedicine accessible to medically underserved populations. This ensures that vital healthcare services are available and easily accessible to those who need them most.
This information is meant to be a general summary of Breakwater Health Network. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $16
- Program Service Revenue: $1,361,176
- Gross Receipts: $1,971,597
Assets and Liabilities:
- Total Assets: $640,816
- Total Liabilities: $115,073
- Net Assets: $525,743
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER SERVICE FEES
Revenue
$1,220,322
MEMBERSHIP DUES
Revenue
$85,000
PROGRAM SERVICE FEES
Revenue
$55,854
Organization Details
Founding Year
2004
Phone
(218) 722-1186Principal Officer
Michael Holmes
Main Address
1346 W ARROWHEAD RD 332, DULUTH, MN, 55811
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