Riverview Healthcare Association
- Assets
- $85.2m
- Revenue
- $63.0m
- Investments
- $0.0
- Employees
- 449
- Location
- Crookston, MN
- Founding
- 02/1943
- Data as of
- 09/2023
- EIN
- 41-0724029
Organization Overview
Riverview Healthcare Association, operating under the name Riverview Health And Subsidiary, is located in Crookston, MN. The organization was established in 1943. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2023, Riverview Health And Subsidiary employed 449 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverview Health And Subsidiary is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Riverview Health And Subsidiary generated $63.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $68.5m during the year ending 09/2023. While expenses have increased by 2.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
RIVERVIEW HEALTH PROVIDES WORLD-CLASS HEALTHCARE THROUGH A CULTURE OF EXCELLENCE THAT PROVIDES ACCESS TO OUR COMMUNITY FOR ALL HEALTHCARE NEEDS SERVING AS AN ADVOCATE FOR OUR COMMUNITY, PATIENTS, MEDICAL STAFF AND EMPLOYEES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RIVERVIEW HEALTHCARE DIRECTLY PROVIDES OR SUPPORTS THE PROVISION OF A CONTINUUM OF QUALITY, ACCESSIBLE AND COST-EFFECTIVE SERVICES FOCUSED ON THE NEEDS OF INDIVIDUALS. RIVERVIEW STRIVES TO MEET AREA MEDICAL NEEDS AND IMPROVE THE PHYSICAL AND MENTAL WELLBEING FOR PEOPLE OF THE AREA. THE HOSPITAL IS A MODERN 25-BED ACUTE CARE CRITICAL ACCESS HOSPITAL. FOR THE FISCAL YEAR ENDING SEPTEMBER 30, 2023, THE HOSPITAL HAD 1,042 ADMISSIONS, 1,330 PATIENT DAYS, 48,862 OUTPATIENT VISITS, 1,927 SURGERIES, AND 6,170 ER PATIENT VISITS. THE CLINICS PROVIDE A WIDE RANGE OF SERVICES INCLUDING FAMILY PRACTICE DOCTORS AND SPECIALTY DOCTORS. FOR THE YEAR ENDED SEPTEMBER 30, 2023, CLINIC PATIENT VISITS WERE 34,174.
RIVERVIEW RECOVERY CENTER PROVIDES A DAY TREATMENT AND OUTPATIENT TREATMENT PROGRAM EFFECTIVE FOR THE ADULT WHO IS ABUSING OR DEPENDENT ON ONE OR MORE MOOD-ALTERING CHEMICALS. THE RECOVERY CENTER OPERATES CLINICS IN CROOKSTON, EAST GRAND FORKS, THIEF RIVER FALLS, AND ROSEAU, MINNESOTA. FOR THE YEAR ENDING SEPTEMBER 30, 2023, RECOVERY CENTER HAD 1,217 OUTPATIENT VISITS.
RIVERVIEW CARE CENTER PROVIDED STIMULATING DAILY ACTIVITIES FOR ITS RESIDENTS IN AN ENJOYABLE ENVIRONMENT AND A CARING ATMOSPHERE WHERE ALL RESIDENTS ARE TREATED WITH THE UTMOST DIGNITY. THE MEMORY CARE UNIT PROMOTED A CALM AND THERAPEUTIC ATMOSPHERE. RIVERVIEW CARE CENTER WAS A 24-BED FACILITY, FOR THE YEAR ENDING SEPTEMBER 30, 2023, THERE WAS 1 NURSING HOME ADMISSION AND 3,654 RESIDENT DAYS. THE RIVERVIEW CARE CENTER CLOSED IN MAY OF 2023.
RIVERVIEW HOME CARE IS A FULL SERVICE HOME CARE AGENCY PROVIDING 24-HOUR ACCESS TO ON CALL NURSES, ROUTINE SERVICE ON WEEKENDS AND HOLIDAYS, AND A FULL RANGE OF THERAPY SERVICES. FOR THE YEAR ENDING SEPTEMBER 30, 2023, THERE WERE 1,310 HOME CARE PATIENTS AND 13,621 PATIENT VISITS. RIVERVIEW ASSISTED LIVING PROVIDES SERVICE TO RESIDENTS IN CROOKSTON. ASSISTANCE FOR THOSE UNABLE TO LIVE ALONE WITHOUT AID INCLUDES HOUSEKEEPING, HELP DRESSING, BATHING, PREPARING MEALS, MEDICATION SET-UP AND MANY OTHER SERVICES. FOR THE YEAR ENDING SEPTEMBER 30, 2023, THERE WERE 179 ASSISTED LIVING PATIENTS AND 5,111 PATIENT VISITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Erik Kanten Trustee/physician | Trustee | 41 | $638,884 |
Dr Brett Vibeto Trustee/physician | Trustee | 41 | $464,079 |
Grant Gunderson Chair | OfficerTrustee | 4 | $0 |
Tim Brinkman Vice Chair | OfficerTrustee | 2 | $0 |
Stephanie Harbott Treasurer | OfficerTrustee | 2 | $0 |
Kari Koenig Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Inspired Spine Health Contract Physician | 9/29/23 | $2,829,774 |
Jd Global Medical Contract Emergency Dept Physician | 9/29/23 | $516,540 |
Redy Tech Go (Dba Rtg Medical) Contract Medical Staffing | 9/29/23 | $480,053 |
First American Commercial Bank Corp Equipment Leases | 9/29/23 | $651,704 |
Sanford Health Various Services (It, Lab, Contracted Me | 9/29/23 | $786,582 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $239,757 |
| Government grants | $143,651 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $384,658 |
| Total Program Service Revenue | $60,879,542 |
| Investment income | $600,027 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $150 |
| Net Gain/Loss on Asset Sales | -$854 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $62,998,183 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,243,342 |
| Compensation of current officers, directors, key employees. | $1,903,064 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,276,989 |
| Pension plan accruals and contributions | $1,096,195 |
| Other employee benefits | $3,526,314 |
| Payroll taxes | $1,588,253 |
| Fees for services: Management | $975 |
| Fees for services: Legal | $173,509 |
| Fees for services: Accounting | $157,275 |
| Fees for services: Lobbying | $3,857 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,508 |
| Fees for services: Other | $9,836,869 |
| Advertising and promotion | $290,372 |
| Office expenses | $360,568 |
| Information technology | $847,564 |
| Royalties | $0 |
| Occupancy | $1,345,638 |
| Travel | $84,574 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,516,884 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,362,461 |
| Insurance | $428,202 |
| All other expenses | $2,644,199 |
| Total functional expenses | $68,469,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,003 |
| Savings and temporary cash investments | $19,144,488 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,532,909 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $397,184 |
| Inventories for sale or use | $1,312,977 |
| Prepaid expenses and deferred charges | $272,838 |
| Net Land, buildings, and equipment | $49,839,558 |
| Investments—publicly traded securities | $3,669,855 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,027,132 |
| Total assets | $85,198,944 |
| Accounts payable and accrued expenses | $7,484,990 |
| Grants payable | $0 |
| Deferred revenue | $844,611 |
| Tax-exempt bond liabilities | $53,366,849 |
| Escrow or custodial account liability | $79 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $454,817 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,558,487 |
| Total liabilities | $64,709,833 |
| Net assets without donor restrictions | $20,489,111 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $85,198,944 |