RIVERVIEW HOSPITAL FOUNDATION INC … - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1976

Legal Domicile

Principal Officer

MEGAN WILES

Phone

3177767317

Tax Period

2023-01-01 to 2023-12-31

RIVERVIEW HOSPITAL FOUNDATION INC D/B/A RIVERVIEW HEALTH FOUNDATION, founded in 1976, is a small nonprofit in the Health Care sector that reported $830K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $728K left a modest 12% surplus.

Mission

MISSION: CREATE MEANINGFUL CHARITABLE GIVING OPPORTUNITIES IN SUPPORT OF RIVERVIEW HEALTH AND ADVANCE OUR COMMUNITY'S HEALTH AND QUALITY OF LIFE NOW AND IN THE FUTURE. VISION: OUR DONORS ARE PARTNERS IN SAVING AND CHANGING LIVES IN OUR COMMUNITY THROUGH THEIR CHARITABLE GIVING. VALUES: EXHIBIT THE HIGHEST STANDARDS OF FUNDRAISING ETHICS, BE GOOD STEWARDS OF DONATED GIFTS, ENSURE STRONG DIVERSITY

Program Service Accomplishments

Program 1

Expenses: $570,290

DISTRIBUTIONS TO RIVERVIEW HEALTH. THE CORPORATION HAS BEEN ORGANIZED FOR THE PRIMARY PURPOSE OF SUPPORTING RIVERVIEW HEALTH, PROMOTING IMPROVEMENT OF THE FACILITIES AND SERVICES OF RIVERVIEW HEALTH, AND RAISING AND EXPENDING FUNDS FOR THE BENEFIT OF RIVERVIEW HEALTH. IN 2023, THE FOUNDATION PROVIDED FUNDS TO SUPPORT THE EMPLOYEES OF RIVERVIEW HEATH, THE EXPANSION OF THE INFUSION CENTER, COVID-19 SUPPORT FUNDS AND SUPPORT FOR OTHER ONGOING PROJECTS INCLUDING THE ACUTE INPATIENT REHABILITATION UNIT RENOVATION.

Program 2

Expenses: $11,250

DURING 2023, $11,250 WORTH OF SCHOLARSHIPS WERE AWARDED TO 8 INDIVIDUALS.

Program 3

Expenses: $15,953

TO HELP FOR HEALING PRESCRIPTION ASSISTANCE

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $554,727

Program Service Revenue $0

Investment Income $222,394

Other Revenue $53,259

TOTAL REVENUE $830,380

Expense Breakdown

Grants Paid $607,245

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $629,927

Other Expenses $121,202

TOTAL EXPENSES $728,447

Year-over-Year Comparison

	2023	2022	Change
Revenue	$830,380	$1,059,985	-0.2%
Expenses	$728,447	$852,523	-0.1%
Net Income	$101,933	$207,462	-0.5%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

187

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$141,242

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ESTHER LAKES	CHAIR	1.00	Officer Director	$0	$0	$0
RICK CONNER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
GREGORY O'CONNOR	SECRETARY / TREASURER	1.00	Officer Director	$0	$0	$0
ANDREW CORNELL	PAST CHAIR	1.00	Officer Director	$0	$0	$0
AARON COERS	DIRECTOR	1.00	Director	$0	$0	$0
KATE BORKOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
CHUCK GOODRICH	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE CRAIG HENDERZAHS	DIRECTOR	1.00	Director	$0	$0	$0
MONICA PECK	DIRECTOR	1.00	Director	$0	$0	$0
CORBY THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN WEINGARDT	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA LAWYER ZOCCOLA	DIRECTOR	1.00	Director	$0	$0	$0
CONNIE CHESNEY	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG CROSSER	DIRECTOR	1.00	Director	$0	$0	$0
DR KENT ERB	DIRECTOR	1.00	Director	$0	$0	$0
MARK LABARR	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE LASBURY	DIRECTOR	1.00	Director	$0	$0	$0
GINA TERRIL	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN WAGNER	DIRECTOR	1.00	Director	$0	$0	$0
DR KATHLEEN BUSBY	DIRECTOR PARTIAL TERM	1.00	Director	$0	$0	$0
MEGAN WILES	EXECUTIVE DIRECTOR	39.00	Officer	$0	$4,296	$141,242

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$830,380	$728,447	$6,270,684	$101,933
2022	$1,059,985	$852,523	$5,659,970	$207,462
2021	$1,043,323	$612,145	$6,698,786	$431,178
2020	$717,648	$826,411	$6,070,090	$-108,763
2019	$1,241,221	$597,419	$5,645,258	$643,802
2018	$726,040	$647,787	$4,327,463	$78,253

RIVERVIEW HOSPITAL FOUNDATION INC D/B/A RIVERVIEW HEALTH FOUNDATION