Riverwood Health Care Center & Comm Hospital Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves
Riverwood Health Care Center & Comm Hospital Foundation is a 501(c)(3) organization based in Aitkin, Minnesota, registered in 1993, with $477,910 in FY2023 revenue. CharityIndex grades it D.
200 Bunker Hill Dr, Aitkin, MN, 56431 EIN 41-1738787 Since 1993
Revenue (FY2023)
$478K
▲ 6.3% vs prior year
Expenses (FY2023)
$713K
Net assets
$6.5M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
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. Not scored for Riverwood Health Care Center & Comm Hospital Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating109 mo reserves · -49% 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 Riverwood Health Care Center & Comm Hospital Foundation: 109 mo reserves · -49% margin earns a D on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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. Not scored for Riverwood Health Care Center & Comm Hospital Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 Riverwood Health Care Center & Comm Hospital Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $195K (FY2009) to $478K (FY2023) across 12 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $6.5M
Operating margin
-49.3%
Spent more than it raised in the latest fiscal year.
Total assets
$6.5M
Total liabilities
$0
Net assets
$6.5M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $477,910▲6.3% | $713,376▲18.7% | $6,490,262▼2.1% | $6,490,262▼2.1% | 990 |
| 2022 | $449,515▼67.1% | $601,014▲84.1% | $6,630,854▼2.1% | $6,630,854▼2.1% | 990 |
| 2021 | $1,367,546▲198% | $326,391▲2.2% | $6,771,811▲14.5% | $6,771,811▲14.3% | 990 |
| 2020 | $458,610▲41.0% | $319,324▲63.5% | $5,913,710▲3.6% | $5,924,710▲3.3% | 990 |
| 2019 | $325,174▼6.6% | $195,330▼71.8% | $5,708,290▲3.1% | $5,737,438▲3.6% | 990 |
| 2018 | $348,016▼92.6% | $693,302▲179% | $5,537,276▼5.8% | $5,537,945▼5.8% | 990 |
| 2017 | $4,728,714▲413% | $248,471▼33.2% | $5,876,050▲314% | $5,876,050▲312% | 990 |
| 2016 | $922,333▲539% | $372,074▲68.0% | $1,418,580▲68.0% | $1,427,210▲69.0% | 990 |
| 2015 | $144,238▼35.7% | $221,476▼14.8% | $844,221▼3.8% | $844,720▼4.5% | 990 |
| 2014 | $224,316▼43.0% | $259,823▼23.6% | $877,516▼9.5% | $884,643▼8.8% | 990 |
| 2013 | $393,493 | $339,960▼23.2% | $969,244▲7.1% | $969,575▲6.9% | 990 |
| 2012 | — | $442,830▼47.7% | $904,781▼14.7% | $907,306▼14.7% | 990 |
| 2011 | — | $846,955▲58.3% | $1,061,089▼11.1% | $1,063,647▼28.2% | 990 |
| 2010 | — | $534,890▲393% | $1,192,935▲87.9% | $1,481,126▲133% | 990 |
| 2009 | $195,448 | $108,601 | $634,722 | $634,737 | 990EZ |
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.
Grants received · $5.2M total
12 grants to Riverwood Health Care Center & Comm Hospital Foundation totaling $5.2M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Aitkin Community Hospital Inc | To provide administrative support | 2023 | $131,158 |
| Aitkin Community Hospital Inc | To provide administrative support | 2022 | $101,780 |
| Aitkin Community Hospital Inc | To provide administrative support | 2021 | $95,178 |
| National Philanthropic Tr | Health | 2021 | $30,000 |
| Aitkin Community Hospital Inc | To provide administrative support | 2020 | $119,198 |
| Aitkin Community Hospital Inc | To provide administrative support | 2019 | $92,305 |
| Aitkin Community Hospital Inc | To provide administrative support | 2018 | $36,737 |
| National Philanthropic Tr | Health | 2018 | $6,000 |
| Aitkin Community Hospital Inc | Related to the new market tax credit transaction | 2017 | $4,345,250 |
| National Philanthropic Tr | Culture & arts | 2017 | $10,000 |
| Aitkin Community Hospital Inc | General operations | 2016 | $245,312 |
| Network For Good Inc | Unrestricted | 2015 | $6,000 |
Frequently asked questions
- Is Riverwood Health Care Center & Comm Hospital Foundation a legitimate nonprofit?
- Yes. Riverwood Health Care Center & Comm Hospital Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 41-1738787, based in Aitkin, Minnesota. Donations are tax-deductible.
- What is Riverwood Health Care Center & Comm Hospital Foundation's EIN?
- Riverwood Health Care Center & Comm Hospital Foundation's Employer Identification Number (EIN) is 41-1738787.
- How much revenue does Riverwood Health Care Center & Comm Hospital Foundation report?
- Riverwood Health Care Center & Comm Hospital Foundation reported $477,910 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Riverwood Health Care Center & Comm Hospital Foundation have?
- CharityIndex grades Riverwood Health Care Center & Comm Hospital Foundation D, based on financial health (reserves and operating margin).
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Data for Riverwood Health Care Center & Comm Hospital Foundation (EIN 41-1738787) 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.