AITKIN, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)RIVERWOOD MEDICAL PROPERTIES LLC, founded in 2017, is a small nonprofit in the Health Care sector that reported $126K in total revenue in fiscal year 2024. Expenses of $561K exceeded revenue, resulting in a 344% operating deficit.
TO AID IN THE RENOVATION AND EXPANSION OF A TAX-EXEMPT HOSPITAL
RIVERWOOD MEDICAL PROPERTIES, LLC ("RIVERWOOD") EXISTS TO SUPPORT CHARITABLE, EDUCATIONAL AND/OR SCIENTIFIC PURPOSES AS DEFINED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986...
RIVERWOOD MEDICAL PROPERTIES, LLC ("RIVERWOOD") EXISTS TO SUPPORT CHARITABLE, EDUCATIONAL AND/OR SCIENTIFIC PURPOSES AS DEFINED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986. SPECIFICALLY, RIVERWOOD WILL FINANCE THE RENOVATION AND EXPANSION OF THE TAX-EXEMPT HOSPITAL KNOWN AS AITKIN COMMUNITY HOSPITAL DBA THE RIVERWOOD HEALTHCARE CENTER ("AITKIN HOSPITAL"), A PUBLIC CHARITY. THE EXISTING HOSPITAL HAS SURGICAL SERVICES, RADIOLOGY SERVICES, CHEMO SERVICES, BIRTHING SUITES, CARDIOPULMONARY REHAB AND A REHABILITATION CENTER. THE CLINIC AREA PROVIDES A FULL RANGE OF HEALTHCARE, DIAGNOSTIC AND TREATMENT SERVICES ALONG WITH SPECIALTY CLINIC SERVICES. THE REHABILITATION PROJECT WILL INCLUDE RENOVATING, EXPANDING, AND EQUIPPING THE EXISTING 25-BED CRITICAL ACCESS HOSPITAL AND CLINIC TO PROVIDE ADDITIONAL EXAM ROOMS, MEDICAL TEAM MEETING SPACE, REHABILITATION SPACE, AND DOCTOR OFFICES FOR NEPHROLOGY, ORTHOPEDICS, CARDIOLOGY, DERMATOLOGY, OBSTETRICS AND GYNECOLOGY. ADDITIONALLY, THE REHABILITATION PROJECT WILL INCLUDE THE RENOVATION OF A NINE-CHAIR KIDNEY DIALYSIS UNIT AND AN ISOLATION UNIT. THE RENOVATION OF AITKIN HOSPITAL WILL ENABLE THE HOSPITAL TO PROVIDE EXPANDED AND IMPROVED CARE TO THE SURROUNDING RURAL COMMUNITY.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $126,412 | $126,000 | +0.0% |
| Expenses | $561,292 | $561,368 | 0.0% |
| Net Income | $-434,880 | $-435,368 | 0.0% |
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 |
|---|---|---|---|---|---|---|
| CASEY JOHNSON | CFO | 1.00 |
Officer
Director
|
$0 | $61,181 | $313,493 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $126,412 | $561,292 | $3,720,012 | $-434,880 |
| 2023 | $126,000 | $561,368 | $4,169,892 | $-435,368 |
| 2022 | $126,000 | $561,368 | $4,605,260 | $-435,368 |
| 2021 | $126,000 | $561,368 | $5,040,628 | $-435,368 |
| 2020 | $126,000 | $561,368 | $5,475,996 | $-435,368 |
| 2019 | $126,000 | $325,769 | $5,911,364 | $-199,769 |
| 2018 | $126,000 | $141,000 | $6,290,000 | $-15,000 |
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