RIVERWOOD MEDICAL PROPERTIES LLC

EIN: 823113322 501(c)(3) Health Care

AITKIN, MN

Total Revenue
$126,412
Total Expenses
$561,292
Total Assets
$3,720,012
Net Assets
$-2,406,121
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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
2017
Legal Domicile
MN
Principal Officer
CASEY JOHNSON
Phone
2189272121
Tax Period
2024-01-01 to 2024-12-31

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.

Mission

TO AID IN THE RENOVATION AND EXPANSION OF A TAX-EXEMPT HOSPITAL.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $126,412
Investment Income $0
Other Revenue $0
TOTAL REVENUE $126,412

Expense Breakdown

Grants Paid $842
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $437,667
Other Expenses $560,450
TOTAL EXPENSES $561,292

Year-over-Year Comparison

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%
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

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

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Governance

Voting Members
1
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
1
$313,493
Total Directors
1
$313,493
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CASEY JOHNSON CFO 1.00
Officer Director
$0 $61,181 $313,493
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
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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