RiverView Health

Legal name: Riverview Healthcare Association

Nonprofit profile at a glance

EIN
410724029
IRS 990 coverage
2009–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Crookston, MN, US
Phone
218.281.9200
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospital, General

Official website

Reported finances

Revenue
$68,204,689
Expenses
$71,420,102
Assets
$71,890,970
Liabilities
$58,703,888

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

22 people listed

Executive titles in this filing

  • CARRIE MICHALSKI (PRESIDENT & CEO)

Highest reported compensation

  • DR OLATUBOSUN FASHORO (PHYSICIAN / CHIEF OF STAFF): $1,139,128 total reported compensation
  • DR RAM PANERU (PHYSICIAN): $1,025,971 total reported compensation
  • DR COLIN FENNELL (PHYSICIAN): $889,358 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To improve the health and well-being of the communities we serve by providing exceptional care, every patient, every time.

What it reported doing in 2024

Riverview healthcare directly provides or supports the provision of a continuum of quality, accessible and cost-effective services focused on the needs of individuals. Riverview strives to meet area medical needs and improve the physical and mental wellbeing for people of the area. The hospital is a modern 25-bed acute care critical access hospital. For the fiscal year ending september 30, 2025, the hospital had 538 admissions, 1,088 patient days, 48,342 outpatient visits, 1,646 surgeries, and 6,776 er patient visits. The clinics provide a wide range of services including family practice doctors and specialty doctors. For the year ended september 30, 2025, clinic patient visits were 35,147.

Operating model

Revenue model
Other-operating. 99% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 90
  • Accountability: 80
  • Sustainability: 20
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 86.6%; rating input score 87
  • Program expense ratio: 82.7%; rating input score 83
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 8th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Missing
    • 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: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 81.8%; rating input score 82; 29th 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: -4.7%; rating input score 13; 13th percentile among comparable filings
  • Total-asset coverage ratio: 1.01; rating input score 40; 40th percentile among comparable filings
  • Liabilities to assets ratio: 0.82; rating input score 17; 17th percentile among comparable filings
  • Officer compensation ratio: 9.3%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: 3.4% per year; rating input score 100; 26th percentile among comparable filings
  • Revenue growth: 2.1% per year; rating input score 100; 15th percentile among comparable filings
  • Asset growth: 6.9% per year; rating input score 100; 50th percentile among comparable filings

Details

  • What they do: 7 programs and campaigns described on the official site
  • Where the money goes: 86.6% of revenue deployed · 82.7% of spending went to programs
  • Governance: 9 of 11 board members independent · 7 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $59.1M in reported program spending
  • Leadership: top reported pay $1.1M · 22 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $4.4M reported
  • Consistency: 32 of 33 current checks pass · 1 finding to review
  • Schedules: 9 filed schedules · includes major donors and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 13 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 13/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 40/100.
  • High — Sustainability: Officer compensation ratio scored 4/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 17/100.