RIVERVIEW LUTHERAN RETIREMENT COMMUNITY OF SPOKANE

EIN: 910824085 501(c)(3)

SPOKANE, WA

Total Revenue
$15,430,911
Total Expenses
$17,256,549
Total Assets
$48,197,414
Net Assets
$-11,626,368
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
WA
Principal Officer
DANIE MONAGHAN
Phone
5094836483
Tax Period
2024-01-01 to 2024-12-31

RIVERVIEW LUTHERAN RETIREMENT COMMUNITY OF SPOKANE, founded in 1965, is a mid-sized nonprofit that reported $15.4M in total revenue in fiscal year 2024. Expenses of $17.3M exceeded revenue, resulting in a 12% operating deficit.

Mission

SERVE OUR RESIDENTS, EMPLOYEES & GREATER SPOKANE COMMUNITY IN A CARING CHRIST-CENTERED ENVIRONMENT.

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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 $65,908
Program Service Revenue $13,535,927
Investment Income $1,362,248
Other Revenue $466,828
TOTAL REVENUE $15,430,911

Expense Breakdown

Grants Paid $8,000
Salaries & Benefits $8,413,047
Fundraising Expenses $0
Program Expenses $13,311,599
Other Expenses $8,835,502
TOTAL EXPENSES $17,256,549

Year-over-Year Comparison

2024 2023 Change
Revenue $15,430,911 $15,448,872 0.0%
Expenses $17,256,549 $17,298,775 0.0%
Net Income $-1,825,638 $-1,849,903 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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
241
Volunteers
15

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
11
$505,133
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIE MONAGHAN PRESIDENT & CEO 50.00
Officer
$200,556 $33,215 $233,771
APRIL RITTER DIRECTOR OF THERAPY SERVICES 50.00
Highest
$130,975 $23,789 $154,764
MICHAEL SCHLEIGH CHIEF OPERATING OFFICER 50.00
Officer
$138,639 $15,621 $154,260
KATRINA LEDGERWOOD PHYSICAL THERAPIST 45.00
Highest
$111,193 $13,830 $125,023
CHRISTOPHER MULVIHILL DIRECTOR OF CLINICAL WELLNESS 50.00
Highest
$106,500 $186 $106,686
PAMELA LERSBAK DIRECTOR OF FINANCE (AS OF APRIL 2024) 50.00
Officer
$63,177 $11,908 $75,085
CHRISTI ESKELSEN VP - FINANCE (THROUGH MARCH 2024) 50.00
Officer
$36,852 $5,165 $42,017
ALAN HARBINE CHAIR (THROUGH OCTOBER 2024) 1.00
Officer Director
$0 $0 $0
RICHARD HENDERSHOT TREASURER THEN CHAIR 1.00
Officer Director
$0 $0 $0
BETH BOUSELY VICE CHAIR (THROUGH APRIL 2024) 1.00
Officer Director
$0 $0 $0
MARGARET MEGAN ANN GUNNING TRUSTEE THEN VICE CHAIR 1.00
Officer Director
$0 $0 $0
GAIL SORENSON SECRETARY (THROUGH APRIL 2024) 1.00
Officer Director
$0 $0 $0
CONSTANCE CONNIE BENNETT TRUSTEE THEN SECRETARY 1.00
Officer Director
$0 $0 $0
TIMOTHY ENGH TRUSTEE THEN TREASURER 1.00
Officer Director
$0 $0 $0
ROSALEE ALLAN TRUSTEE 1.00
Director
$0 $0 $0
SUSAN ENGLISH TRUSTEE 1.00
Director
$0 $0 $0
KATHY KINDERMAN TRUSTEE (THROUGH APRIL 2024) 1.00
Director
$0 $0 $0
TAMMY MASON TRUSTEE 1.00
Director
$0 $0 $0
HOWARD DAVID MICHAELSEN TRUSTEE 1.00
Director
$0 $0 $0
MARK NORTON TRUSTEE 1.00
Director
$0 $0 $0
JENNIFER JEN ROLLINS TRUSTEE (THROUGH SEPTEMBER 2024) 1.00
Director
$0 $0 $0
TES STURGES TRUSTEE 1.00
Director
$0 $0 $0
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 $15,430,911 $17,256,549 $48,197,414 $-1,825,638
2023 $15,448,872 $17,298,775 $48,346,020 $-1,849,903
2022 $14,413,110 $16,806,583 $50,526,842 $-2,393,473
2021 $16,375,778 $16,388,349 $52,587,969 $-12,571
2020 $14,474,226 $17,883,909 $54,783,148 $-3,409,683
2019 $21,958,588 $22,400,331 $55,473,140 $-441,743
2018 $22,259,449 $24,956,761 $55,906,011 $-2,697,312
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