Riverview Hospital Foundation Inc D/b/a Riverview Health Foundation

Nonprofit profile at a glance

EIN
351378456
IRS 990 coverage
2010–2025
Forms available
Form 990 2025
Location
Noblesville, IN, USA
Phone
3177767317
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Hospital, General

Reported finances

Revenue
$1,771,582
Expenses
$1,282,366
Assets
$7,556,869
Liabilities
$105,250

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

19 people listed

Executive titles in this filing

  • MEGAN WILES (EXECUTIVE DIRECTOR)

Highest reported compensation

  • MEGAN WILES (EXECUTIVE DIRECTOR): $147,902 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Mission: create meaningful charitable giving opportunities in support of riverview health and advance our community's health and quality of life now and in the future. Vision: our donors are partners in saving and changing lives in our community through their charitable giving. Values: exhibit the highest standards of fundraising ethics, be good stewards of donated gifts, ensure strong diversity

What it reported doing in 2025

Distributions to riverview health. The foundation has been organized for the primary purpose of supporting riverview health, promoting improvement of the facilities and services of riverview health, and raising and expending funds for the benefit of riverview health. In 2025, the foundation provided funds to support the employees of riverview heath, the renovation and expansion of the acute inpatient rehabiliation unit as well as ongoing support for the infusion center.

Operating model

Revenue model
Donor-supported. 83% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 97% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 94
  • Accountability: 100
  • Sustainability: 76
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79.2%; rating input score 79
  • Program expense ratio: 86.6%; rating input score 87
  • Fundraising efficiency: $11.61 raised per $1 spent on fundraising; rating input score 40; 40th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 78th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 27.6%; rating input score 80; 80th percentile among comparable filings
  • Total-asset coverage ratio: 5.89; rating input score 86; 86th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 57; 57th percentile among comparable filings
  • Officer compensation ratio: 1.5%; rating input score 55; 55th percentile among comparable filings

Growth

  • Program expense growth: 6.6% per year; rating input score 100; 44th percentile among comparable filings
  • Revenue growth: 3.6% per year; rating input score 100; 29th percentile among comparable filings
  • Asset growth: 4.3% per year; rating input score 100; 32nd percentile among comparable filings

Details

  • Where the money goes: 79.2% of revenue deployed · 86.6% of spending went to programs
  • Governance: 14 of 14 board members independent · 8 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $1.1M in reported program spending
  • Leadership: top reported pay $148K · 19 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 16 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 6 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.

Key Signals

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

  • Moderate — Financial Efficiency: Fundraising efficiency scored 40/100.
  • Review — Sustainability: Officer compensation ratio scored 55/100.
  • Review — Sustainability: Liabilities to assets ratio scored 57/100.