Riverwood Healthcare Center

What it reported doing in 2024

Riverwood healthcare center's mission is to improve health by providing high-quality, compassionate, and personalized care. Coupled with its vision of being the region's preferred health system providing exceptional care, and its values of integrity, compassion, adaptability, respect, and excellence with joy, riverwood healthcare center is dedicated to addressing its outreach objectives by serving the entire community, not only those who come through its doors. Building on a long tradition of providing high-quality, compassionate, and personalized care, riverwood is committed to caring for those within the healthcare system and working with community partners to strengthen the communities it serves. Continued on schedule o.this strategy allows riverwood healthcare center to better understand and reach the most vulnerable sectors of the community while meeting pressing healthcare needs. The goal is to improve the community's health status by empowering citizens to make healthy life choices.riverwood connects is a community health initiative that provides a central platform for resources addressing social influencers of health, such as food insecurity, housing, and transportation. Riverwood adds patients to the platform to ensure they can access the resources they need and partners with aitkin county care to ensure resources are distributed effectively. Riverwood connects uses find help and food rx. Find help is a collaborative effort derived from the 2020 needs assessment completed by the aitkin county coalition, led by aitkin county care. The assessment identified the need for a community resource hub, with find help selected as the online hub of choice. Find help was built in 2010 to offer an easier way to find social services and connect to them directly and electronically. With financial and administrative assistance from aitkin county care, riverwood implemented find help in its facility and communitywide. Aitkin county care was instrumental in assisting with community outreach to organizations onboarding with find help. By using data analytics with both the electronic health record and find help, riverwood has been able to address patients' social determinants of health and connect them to resources. One of the key resources provided through the riverwood connects program is access to nutritious food. The food rx program emphasizes the role healthy food plays in overall health and eliminates barriers, such as budget and transportation, to accessing food. In partnership with local farmers, the aitkin farmers market hub, and the aitkin county statewide health improvement partnership, participants are provided community supported agriculture shares and "riverwood connects bucks" to use at the aitkin farmers market. By providing equitable access to nutritious food and community resources, riverwood is taking steps to make the communities it serves healthier. Riverwood healthcare center, with the help of the aitkin farmers market hub and aitkin county public health, was awarded the Minnesota local food purchase assistance (lfpa) grant by the Minnesota department of agriculture (mda). The lfpa program is a continuing grant from mda to fund projects that buy local food, primarily from socially disadvantaged and emerging farmers, and distribute it to underserved communities. Riverwood partners with aitkin county care and angels of mcgregor to disburse boxes throughout the county. Boxes are provided to each organization, and they distribute the food to those they have identified as at risk or food insecure. Riverwood provides administration of the grant, along with outreach efforts within the communities of aitkin county. Each month, areas are identified through aitkin county care and angels. Food boxes were distributed in mcgrath, mcgregor, and palisade, Minnesota. Riverwood, aitkin county public health's statewide health improvement partnership (ship), the aitkin farmers market hub, care, and angels coordinate to discuss the are

Financial Efficiency

• Mission deployment rate: 81%; rating input score 81
• Program expense ratio: 80.1%; rating input score 80
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
• Pay-setting controls: 6 of 6 controls in place; rating input score 100
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Pass
  • Written employment contract: Pass
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 99.7%; rating input score 100; 43rd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 90.9%; rating input score 91; 39th percentile among comparable filings
• Governance controls: 7 of 9 controls in place; rating input score 78
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: -2%; rating input score 19; 19th percentile among comparable filings
• Total-asset coverage ratio: 1.28; rating input score 48; 48th percentile among comparable filings
• Liabilities to assets ratio: 0.6; rating input score 28; 28th percentile among comparable filings
• Officer compensation ratio: 3.9%; rating input score 27; 27th percentile among comparable filings

Growth

• Program expense growth: 7.6% per year; rating input score 100; 61st percentile among comparable filings
• Revenue growth: 6.3% per year; rating input score 100; 55th percentile among comparable filings
• Asset growth: 6.4% per year; rating input score 100; 47th percentile among comparable filings