AITKIN, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)AITKIN COMMUNITY HOSPITAL DBA RIVERWOOD HEALTHCARE CENTER, founded in 1948, is a major nonprofit in the Health Care sector that reported $104.6M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.
RIVERWOOD HEALTHCARE CENTER'S MISSION IS TO IMPROVE HEALTH BY PROVIDING HIGH QUALITY, COMPASSIONATE AND PERSONALIZED CARE. COUPLING THIS WITH OUR VISION OF BEING THE REGION'S PREFERRED HEALTH SYSTEM PROVIDING EXCEPTIONAL CARE AND OUR VALUES OF INTEGRITY, CUSTOMER SERVICE, UNITY, RESPECT, COMPASSION, EXCELLENCE AND PASSION WE FOCUSED ON SIX STRATEGIC GOALS. THESE SIX PILLARS ARE PEOPLE, CUSTOMER SERVICE, GROWTH, COMMUNITY, STEWARDSHIP AND QUALITY. WE STRIVE FOR THESE IN ALL THAT WE DO FOR OUR PATIENTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $104,626,437 | $96,098,277 | +0.1% |
| Expenses | $106,873,235 | $94,718,075 | +0.1% |
| Net Income | $-2,246,798 | $1,380,202 | -2.6% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DR JEFFREY EHNSTROM | DIRECTOR/PHYSICIAN | 40.00 |
Director
|
$424,905 | $56,168 | $481,073 |
| DR TIMOTHY DIRKS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| HEATHER HIPP | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TOM LUNDBERG | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JARED LUNDGREN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BRYAN NISTLER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVE WILSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LOWELL LARSON | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHAD GROSS | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHRISTINE BRIGHT | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MIKE PAULBECK | VICE CHAIR (UNTIL 06/2024) | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KATHLEEN RYAN | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KEN WESTMAN | CEO | 38.00 |
Officer
|
$431,489 | $52,860 | $484,349 |
| CASEY JOHNSON | CFO | 38.00 |
Officer
|
$216,793 | $44,598 | $261,391 |
| DR DAVID TAYLOR | CMO | 40.00 |
Key Emp
|
$613,302 | $50,007 | $663,309 |
| CYNTHIA BAKER | COO | 38.00 |
Key Emp
|
$229,257 | $46,792 | $276,049 |
| DR JIM HARRIS | ER PHYSICAN | 40.00 |
Highest
|
$420,478 | $49,645 | $470,123 |
| DR JESSICA HODSON | ER PHYSICAN | 40.00 |
Highest
|
$402,734 | $59,168 | $461,902 |
| ROBERT SCHMIEG | CRNA | 40.00 |
Highest
|
$381,001 | $44,114 | $425,115 |
| DR CHRISTOPHER HUGHES | PROVIDER | 40.00 |
Highest
|
$357,421 | $51,655 | $409,076 |
| DR MELISSA HERBRANSON | PROVIDER | 40.00 |
Highest
|
$344,999 | $58,201 | $403,200 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $104,626,437 | $106,873,235 | $172,276,125 | $-2,246,798 |
| 2023 | $96,098,277 | $94,718,075 | $133,201,757 | $1,380,202 |
| 2022 | $91,742,125 | $89,077,820 | $122,550,858 | $2,664,305 |
| 2021 | $95,564,990 | $80,161,227 | $140,704,305 | $15,403,763 |
| 2020 | $74,576,888 | $71,310,451 | $131,651,817 | $3,266,437 |
| 2019 | $75,277,598 | $67,644,569 | $109,141,859 | $7,633,029 |
| 2018 | $67,129,103 | $65,205,758 | $101,611,660 | $1,923,345 |
Compare AITKIN COMMUNITY HOSPITAL DBA RIVERWOOD HEALTHCARE CENTER with other nonprofits in Minnesota and across the country.