Overview
What is Riverwood Healthcare Center & Community Hospital Foundation?
Riverwood Healthcare Center & Community Hospital Foundation is a nonprofit organization situated in Aitkin, Minnesota. Its primary objective is to support and advance healthcare within the local community by raising funds. This involves purchasing essential medical equipment for the hospital and ensuring that patients do not have to travel far for their treatment. The foundation recognizes the importance of quality healthcare in rural areas and is committed to maintaining and expanding such services for the residents of Aitkin County and surrounding communities. The foundation's activities and mission are centered around sponsoring projects and programs to enhance healthcare in rural Minnesota, promoting health education, and supporting capital improvements at Aitkin Community Hospital, Inc., better known as Riverwood Healthcare Center.
Official website here: www.riverwoodhealthcare.org/foundation/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star Rating)
Riverwood Healthcare Center & Community Hospital Foundation has received an 84% score, reflecting a solid performance in accountability and finance. The organization is notable for having a majority of independent board members, with 75% of its board ensuring a diverse and unbiased governance structure. Additionally, their financial statements are well-managed, indicated by a perfect audit score and a commendable liabilities to assets ratio of 0.00%.
Strengths of the foundation include comprehensive policies such as a conflict of interest policy, whistleblower policy, and a structured document retention protocol, all of which contribute to organizational transparency. The program expense ratio stands at 60.78%, suggesting that a significant portion of the funds is directed toward program services, although this could be improved to ensure that more resources are allocated to direct impact activities.
Despite its strengths, there may be areas for improvement, particularly in enhancing the program expense ratio to better reflect a commitment to direct service outcomes. Overall, the foundation demonstrates strong operational practices and accountability, making it a reliable option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Riverwood Healthcare Center & Community Hospital Foundation legitimate?
Riverwood Healthcare Center & Community Hospital Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Riverwood Healthcare Center & Community Hospital Foundation 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: $0
For more financial information, click here
Official website here: www.riverwoodhealthcare.org/foundation/
What is the mission statement of Riverwood Healthcare Center & Community Hospital Foundation?
The Riverwood Foundation's mission is centered around supporting the Capital improvements and activities of Aitkin Community Hospital, Inc., which operates as Riverwood Healthcare Center. The primary objective is to enhance healthcare in rural Minnesota. Furthermore, the foundation sponsors specific projects and programs to contribute to the continuation of improved healthcare services in the region. The foundation also promotes health education and raises funds to support advanced medicine, enabling medical care to be delivered locally, preventing patients from having to travel outside the area. The importance of quality healthcare in rural areas is recognized, and the foundation purchases capital equipment for the hospital. The foundation is committed to maintaining and expanding quality healthcare for the residents of Aitkin County and surrounding communities.
Official website here: www.riverwoodhealthcare.org/foundation/
Who is the CEO of Riverwood Healthcare Center & Community Hospital Foundation?
Ken Westman is the Rhcc Ceo of Riverwood Healthcare Center & Community Hospital Foundation. The CEO's salary of Riverwood Healthcare Center & Community Hospital Foundation is $0 and their total compensation is $0.
Official website here: www.riverwoodhealthcare.org/foundation/
What is the revenue of Riverwood Healthcare Center & Community Hospital Foundation?
Riverwood Healthcare Center & Community Hospital Foundation's revenue in 2022 was $1,367,546.
Official website here: www.riverwoodhealthcare.org/foundation/
Who are the executives of Riverwood Healthcare Center & Community Hospital Foundation and what are their salaries?
There 100 volunteers at Riverwood Healthcare Center & Community Hospital Foundation.
Here are 17 key members and their salaries (Riverwood Healthcare Center & Community Hospital Foundation's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $360,574
- Other: $30,071
- Compensation: $0
- Related: $291,164
- Other: $44,548
- Compensation: $0
- Related: $218,428
- Other: $40,597
- Compensation: $0
- Related: $121,633
- Other: $35,179
- Compensation: $0
- Related: $35,525
- Other: $28,150
- Compensation: $0
- Related: $31,702
- Other: $27,982
- 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
- 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
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.riverwoodhealthcare.org/foundation/
Where can I find the form 990 for Riverwood Healthcare Center & Community Hospital Foundation?
Riverwood Healthcare Center & Community Hospital Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.riverwoodhealthcare.org/foundation/
Learn more at the official website: www.riverwoodhealthcare.org/foundation/
Mission Statement of Riverwood Healthcare Center & Community Hospital Foundation
Riverwood Healthcare Center & Community Hospital Foundation's mission is centered around raising funds to enhance the quality of healthcare in the community it serves. Established with the objective to support the capital improvements and activities of Aitkin Community Hospital, Inc., which operates as Riverwood Healthcare Center, the foundation aims to sponsor specific projects and programs that continue to advance healthcare in rural Minnesota. The foundation's primary goal is to promote and encourage health education, recognizing the importance of quality healthcare in rural areas.
In order to accomplish its mission, Riverwood Foundation invests in purchasing capital equipment for the hospital, ensuring that advanced medicine can be delivered locally. This prevents patients from having to travel outside the area for medical care. By supporting Riverwood Healthcare Center, the foundation plays a crucial role in maintaining and expanding quality healthcare services for the residents of Aitkin County and surrounding communities. The foundation's dedication to supporting the hospital allows it to provide the best possible care to its patients, enhancing the overall well-being of the community.
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Impact
July, 2024
Riverwood Healthcare Center & Community Hospital Foundation plays a crucial role in supporting the capital improvements and activities of Riverwood Healthcare Center in Aitkin, Minnesota. By raising funds and sponsoring specific projects and programs, the foundation contributes to the enhancement of healthcare services in rural Minnesota. This support allows advanced medical care to be delivered locally, eliminating the need for patients to travel long distances for treatment. Furthermore, the foundation's dedication to purchasing capital equipment for the hospital ensures the availability of state-of-the-art resources for patient care. Overall, the foundation's impact is instrumental in maintaining and expanding quality healthcare services for residents of Aitkin County and surrounding communities.
This information is meant to be a general summary of Riverwood Healthcare Center & Community Hospital Foundation. 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: $163,037
- Gross Receipts: $1,638,922
Assets and Liabilities:
- Total Assets: $6,771,811
- Total Liabilities: $0
- Net Assets: $6,771,811
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Organization Details
Founding Year
1992
Phone
(218) 927-2121Principal Officer
Ken Westman
Main Address
200 BUNKER HILL, AITKIN, MN, 56431
NTEE Category
Code: T30 - Philanthropy
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