SPOKANE, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
RIVERVIEW RETIREMENT COMMUNITY'S MISSION, SINCE 1959, IS TO SERVE OUR RESIDENTS, EMPLOYEES, AND GREATER SPOKANE COMMUNITY IN A CARING CHRIST-CENTERED ENVIRONMENT. RIVERVIEW RETIREMENT COMMUNITY ASPIRES TO BE AN INNOVATIVE LEADER IN SENIOR LIVING PROVIDING A CULTURE OF QUALITY, SAFETY AND SERVICE.
RIVERVIEW TERRACE PROVIDES INDEPENDENT AND ASSISTED LIVING SERVICES IN 132 AVAILABLE APARTMENTS. IN ADDITION TO PROVIDING ALL MEALS FOR RESIDENTS, TERRACE RESIDENTS ENJOY THE FOLLOWING AMENITIES: A...
RIVERVIEW TERRACE PROVIDES INDEPENDENT AND ASSISTED LIVING SERVICES IN 132 AVAILABLE APARTMENTS. IN ADDITION TO PROVIDING ALL MEALS FOR RESIDENTS, TERRACE RESIDENTS ENJOY THE FOLLOWING AMENITIES: A 3-POOL AQUATIC AND FITNESS CENTER, A STATE-OF-THE-ART WOODSHOP, ACTIVITIES PROGRAM, NURSING SERVICES, ACCESS TO THERAPY ASSISTANCE, COUNSELING ASSISTANCE, A CHAPLAIN AND CHAPEL, BEAUTY SALON, LIBRARY, COFFEE SHOP, AND A SPECIAL EVENT PRIVATE DINING ROOM. RESIDENTS REMIT MONTHLY PAYMENTS FOR INDEPENDENT AND ASSISTED LIVING SERVICES. IN 2024, THIS FACILITY HAD 78% AVERAGE OCCUPANCY.
RIVERVIEW VILLAGE IS MADE UP OF 163 INDEPENDENT LIVING HOMES SPREAD THROUGHOUT THE RIVERVIEW CAMPUS, WHICH COVERS OVER 30 ACRES ALONG THE SPOKANE RIVER. VILLAGE RESIDENTS ENJOY THE FOLLOWING...
RIVERVIEW VILLAGE IS MADE UP OF 163 INDEPENDENT LIVING HOMES SPREAD THROUGHOUT THE RIVERVIEW CAMPUS, WHICH COVERS OVER 30 ACRES ALONG THE SPOKANE RIVER. VILLAGE RESIDENTS ENJOY THE FOLLOWING AMENITIES: A 3-POOL AQUATIC AND FITNESS CENTER, ACCESS TO NURSING, COUNSELING, AND THERAPY SERVICES, A CHAPLAIN, GROUNDS CARE (LAWN MOWING, GARDENS AND SNOW REMOVAL), MAINTENANCE SERVICES, A STATE-OF-THE-ART WOODSHOP, BEAUTY SALON, COFFEE SHOP, COMMUNITY CENTER AND AN ACTIVITIES PROGRAM. RESIDENTS PURCHASE AN UNLIMITED RIGHT TO OCCUPY WITH AN ENTRANCE FEE. WHEN A RESIDENT VACATES, THE VACATING RESIDENT RECEIVES A REFUND OF 80% OF THE ENTRANCE FEE WHEN THE HOME IS REOCCUPIED. RESIDENTS ALSO PAY A MONTHLY FEE. IN 2024, THIS FACILITY HAD 91.5% AVERAGE OCCUPANCY.
RIVERVIEW MEMORY CARE PROVIDES DEMENTIA AND ALZHEIMER SERVICES IN 20 ASSISTED LIVING ROOMS. IN ADDITION TO PROVIDING ALL MEALS FOR RESIDENTS, MEMORY CARE RESIDENTS ENJOY THE FOLLOWING AMENITIES FOR A...
RIVERVIEW MEMORY CARE PROVIDES DEMENTIA AND ALZHEIMER SERVICES IN 20 ASSISTED LIVING ROOMS. IN ADDITION TO PROVIDING ALL MEALS FOR RESIDENTS, MEMORY CARE RESIDENTS ENJOY THE FOLLOWING AMENITIES FOR A MONTHLY FEE: 18-FOOT AQUARIUM, ACTIVITIES PROGRAM, OUTDOOR GARDEN AREA, ACCESS TO NURSING, COUNSELING, AND THERAPY SERVICES, A CHAPLAIN, BEAUTY SALON, AND A SPECIAL EVENT ROOM. RESIDENTS REMIT MONTHLY PAYMENTS FOR MEMORY CARE SERVICES. IN 2024, THIS FACILITY HAD 63.1% AVERAGE OCCUPANCY.
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 | $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% |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
Compare RIVERVIEW LUTHERAN RETIREMENT COMMUNITY OF SPOKANE with other nonprofits in Washington and across the country.