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Filing year 2023

RIVERWOOD HEALTHCARE CENTER & COMMUNITY HOSPITAL FOUNDATION

Aitkin, Minnesota·EIN 41-1738787·3
Total revenue
$478k
Total assets
$6.5M
Total expenses
$713k
Reported officers
13
Mission

RIVERWOOD FOUNDATION EXISTS TO RAISE MONEY FOR RIVERWOOD HEALTHCARE CENTER TO ENHANCE THE QUALITY OF CARE FOR THE COMMUNITY WE SERVE.

Executive compensation

Form 990 · Schedule J · 5 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Rhcc CEO
25th percentile to median
$53k
$58k
Rhcc CFO
25th percentile to median
$45k
$49k
Director/provider
Board Member
Median to 75th percentile
$43k
$47k
Director/rhcc Employee
Board Member
Median to 75th percentile
$34k
$38k
Director/rhcc Employee
Board Member
Median to 75th percentile
$34k
$38k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 8 unpaid individuals.

Up 20%
from 2022

From $44k in 2022 to $53k in 2023.

$44k
2022
$53k
2023
In today's dollarsEst.
Up 16% in real terms$50k to $58k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 44% from 2022 to 2023, while revenue rose 6%.

$37k in 2022 to $53k in 2023.
  • Chief Financial Officer pay rose 2% from 2022 to 2023.
  • Board Member pay rose 9% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

RIVERWOOD HEALTHCARE CENTER & COMMUNITY HOSPITAL FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$450k
$601k
2022
$478k
$713k
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about RIVERWOOD HEALTHCARE CENTER & COMMUNITY HOSPITAL FOUNDATION

What does the Chief Executive Officer of RIVERWOOD HEALTHCARE CENTER & COMMUNITY HOSPITAL FOUNDATION earn?

In 2023, the Chief Executive Officer of RIVERWOOD HEALTHCARE CENTER & COMMUNITY HOSPITAL FOUNDATION received $52,860 in total compensation. This pay is below the median (the midpoint) for Chief Executive Officer roles among nonprofits nationwide, across all sectors, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at RIVERWOOD HEALTHCARE CENTER & COMMUNITY HOSPITAL FOUNDATION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at RIVERWOOD HEALTHCARE CENTER & COMMUNITY HOSPITAL FOUNDATION falls between the 25th percentile and the median.

What are RIVERWOOD HEALTHCARE CENTER & COMMUNITY HOSPITAL FOUNDATION's revenue and expenses?

In 2023, RIVERWOOD HEALTHCARE CENTER & COMMUNITY HOSPITAL FOUNDATION reported $478k in total revenue and $713k in total expenses on its IRS Form 990.

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