Riverwood Healthcare Center & Community
RIVERWOOD FOUNDATION EXISTS TO RAISE MONEY FOR RIVERWOOD HEALTHCARE CENTER TO ENHANCE THE QUALITY OF CARE FOR THE COMMUNITY WE SERVE.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.5M
-2.1% YoY
Annual Giving
$509K
+6.5% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$509K
+6.5% YoY
About Riverwood Healthcare Center & Community
Based on IRS filings
Riverwood Healthcare Center & Community is a nonprofit organization, based in AITKIN, MN. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $6.5M in total assets. In 2024, it awarded 1 grants totaling $509K. Net investment income was $181K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,490,262 | $6,630,854 | $6,771,811 |
| Revenue | $477,910 | $449,515 | $1,367,546 |
| Expenses | $713,376 | $601,014 | $326,391 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $181,080 | $191,761 | $163,037 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Riverwood Healthcare Center ($509,050).
| Recipient | Purpose | Amount |
|---|---|---|
| RIVERWOOD HEALTHCARE CENTER AITKIN, MN | TO SUPPORT HOSPITAL OPERATIONS; FOR PURCHASE OF EQUIPMENT AND SOFTWARE | $509,050 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MELISSA MAGNUSON | DIRECTOR/PROVIDER | 1 | — |
| STEPHANIE JACOBS | DIRECTOR/RHCC EMPLOYEE | 1 | — |
| LANE FISCHER | DIRECTOR/RHCC EMPLOYEE | 1 | — |
| PEG LUNDBERG | DIRECTOR | 1 | — |
| LOREN LARSON | DIRECTOR | 1 | — |
| MARK MEYER | DIRECTOR | 1 | — |
| TOM KUPPICH | DIRECTOR | 1 | — |
| KATHLEEN RYAN | DIRECTOR | 1 | — |
| DAVID HOMMES | TREASURER (UNTIL 9/11/24) | 1 | — |
| SHIRLEY WINEGAR | VICE CHAIR | 1 | — |
| HENRY BRUCKER | CHAIR | 1 | — |
| KEN WESTMAN | RHCC CEO | 1 | — |
| CASEY JOHNSON | RHCC CFO | 1 | — |
Frequently Asked Questions
How large is Riverwood Healthcare Center & Community?
As of 2024, Riverwood Healthcare Center & Community holds $6.5M in total assets with $478K in annual revenue. It awarded 1 grants totaling $509K in 2024.
Where does Riverwood Healthcare Center & Community operate?
Riverwood Healthcare Center & Community has awarded grants in Minnesota.
What size grants does Riverwood Healthcare Center & Community award?
In 2024, Riverwood Healthcare Center & Community awarded 1 grants totaling $509K — an average of about $509K per grant, based on its IRS Form 990 filings.
What is Riverwood Healthcare Center & Community's EIN?
Riverwood Healthcare Center & Community's EIN (Employer Identification Number) is 41-1738787. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in Riverwood Healthcare Center & Community's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.