Aitkin Community Hospital Inc
86% goes to programs $0 to raise $100 Strong reserves
Aitkin Community Hospital Inc is a 501(c)(3) organization based in Aitkin, Minnesota, registered in 1956, with $104,626,437 in FY2023 revenue. CharityIndex grades it A, and it directs about 86% of spending to programs.
200 Bunker Hill Dr, Aitkin, MN, 56431 EIN 41-0745522 Since 1956
Revenue (FY2023)
$104.6M
▲ 8.9% vs prior year
Health median: $840K
Expenses (FY2023)
$106.9M
Net assets
$76.0M
Employees
605
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating86% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Aitkin Community Hospital Inc: 86% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating9 mo reserves · -2% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Aitkin Community Hospital Inc: 9 mo reserves · -2% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Aitkin Community Hospital Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Aitkin Community Hospital Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Riverwood healthcare center's mission is to improve health by providing high quality, compassionate and personalized care. coupling this with our vision of being the region's preferred health system providing exceptional care and our values of integrity, customer service, unity, respect, compassion, excellence and passion we focused on six strategic goals. these six pillars are people, customer service, growth, community, stewardship and quality. we strive for these in all that we do for our patients.
Contact & location
- Address
- 200 Bunker Hill Dr, Aitkin, MN, 56431
- City
- Aitkin
- State
- Minnesota
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $57.3M (FY2013) to $104.6M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $96.3MNet assets $76.0M
Operating margin
-2.1%
Spent more than it raised in the latest fiscal year.
Total assets
$172.3M
Total liabilities
$96.3M
Net assets
$76.0M
Salaries & benefits
$48.0M
45% of expenses
Board members
11
10 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $104,626,437▲8.9% | $106,873,235▲12.8% | $75,951,343▼2.3% | $172,276,125▲29.3% | 990 |
| 2022 | $96,098,277▲4.7% | $94,718,075▲6.3% | $77,746,437▲9.5% | $133,201,757▲8.7% | 990 |
| 2021 | $91,742,125▼4.0% | $89,077,820▲11.1% | $71,008,620▼11.8% | $122,550,858▼12.9% | 990 |
| 2020 | $95,564,990▲28.1% | $80,161,227▲12.4% | $80,534,268▲29.9% | $140,704,305▲6.9% | 990 |
| 2019 | $74,576,888▼0.9% | $71,310,451▲5.4% | $61,998,278▲8.3% | $131,651,817▲20.6% | 990 |
| 2018 | $75,277,598▲12.1% | $67,644,569▲3.7% | $57,255,546▲13.1% | $109,141,859▲7.4% | 990 |
| 2017 | $67,129,103▲7.5% | $65,205,758▲9.4% | $50,615,007▲12.7% | $101,611,660▲19.1% | 990 |
| 2016 | $62,423,274▲2.9% | $59,577,982▲3.6% | $44,895,106▲10.3% | $85,323,954▲4.3% | 990 |
| 2015 | $60,678,455▼0.8% | $57,527,591▲3.1% | $40,712,270▲9.6% | $81,835,029▼3.6% | 990 |
| 2014 | $61,179,445▲6.8% | $55,779,109▲3.3% | $37,139,116▲8.7% | $84,910,661▲4.0% | 990 |
| 2013 | $57,305,147 | $53,972,367▲3.8% | $34,151,429▲12.3% | $81,626,274▲7.6% | 990 |
| 2012 | — | $51,978,971▲9.1% | $30,408,185▲6.2% | $75,825,894▼0.8% | 990 |
| 2011 | — | $47,645,048▲9.6% | $28,629,538▲14.4% | $76,475,801▲3.2% | 990 |
| 2010 | — | $43,466,360▲2.6% | $25,030,406▲8.7% | $74,110,478▲35.4% | 990 |
| 2009 | — | $42,368,899 | $23,021,865 | $54,724,711 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Dr David Taylor — $613,302 (0.57% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dr David Taylor | Cmo | 40 | $613,302 |
| Ken Westman | Ceo | 38 | $431,489 |
| Dr Jeffrey Ehnstrom | Director/physician | 40 | $424,905 |
| Dr Jim Harris | Er Physican | 40 | $420,478 |
| Dr Jessica Hodson | Er Physican | 40 | $402,734 |
| Robert Schmieg | Crna | 40 | $381,001 |
| Dr Christopher Hughes | Provider | 40 | $357,421 |
| Dr Melissa Herbranson | Provider | 40 | $344,999 |
| Cynthia Baker | Coo | 38 | $229,257 |
| Casey Johnson | Cfo | 38 | $216,793 |
| Bryan Nistler | Director | 1 | — |
| Chad Gross | Treasurer | 1 | — |
| Christine Bright | Vice Chair | 1 | — |
| Dr Timothy Dirks | Director | 1 | — |
| Heather Hipp | Director | 1 | — |
| Jared Lundgren | Director | 1 | — |
| Kathleen Ryan | Chair | 1 | — |
| Lowell Larson | Secretary | 1 | — |
| Mike Paulbeck | Vice Chair (until 06/2024) | 1 | — |
| Steve Wilson | Director | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Cuyuna Regional Medical Center | Medical/surgical Prof Svcs | $6,091,850 |
| Central Minnesota Diagnostics Inc | Radiology Prof Svcs | $1,769,491 |
| Life Guard Anesthesia Services Inc | Anesthesia Prof Svcs | $1,727,146 |
| Medical Solutions LLC | Hourly Labor | $1,625,572 |
| Premier Surgical Associates PA | Medical Prof Svcs | $1,127,842 |
Grants received · $130K total
3 grants to Aitkin Community Hospital Inc totaling $130K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| College of St Scholastica Inc | See part iv | 2016 | $23,369 |
| College of St Scholastica Inc | See part iv | 2015 | $67,506 |
| College of St Scholastica Inc | See part iv | 2014 | $39,577 |
Grants made · $131K in FY2023
1 grant totaling $131K in FY2023. All grants made by Aitkin Community Hospital Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Riverwood Health Care Center & Comm Hospital Foundation | To provide administrative support | $131,158 |
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Frequently asked questions
- Is Aitkin Community Hospital Inc a legitimate nonprofit?
- Yes. Aitkin Community Hospital Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 41-0745522, based in Aitkin, Minnesota. Donations are tax-deductible.
- What is Aitkin Community Hospital Inc's EIN?
- Aitkin Community Hospital Inc's Employer Identification Number (EIN) is 41-0745522.
- How much revenue does Aitkin Community Hospital Inc report?
- Aitkin Community Hospital Inc reported $104,626,437 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Aitkin Community Hospital Inc's spending goes to programs?
- Aitkin Community Hospital Inc spends about 86% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Aitkin Community Hospital Inc have?
- CharityIndex grades Aitkin Community Hospital Inc A, based on program efficiency and fundraising cost.
- How much does Aitkin Community Hospital Inc's highest-paid employee make?
- The highest reported compensation on Aitkin Community Hospital Inc's latest Form 990 is $613,302, paid to Dr David Taylor (Cmo).
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Data for Aitkin Community Hospital Inc (EIN 41-0745522) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.