Riverview Retirement Community

Legal name: Riverview Lutheran Retirement Community of Spokane

Nonprofit profile at a glance

EIN
910824085
IRS 990 coverage
2010–2025
Official website data refreshed
Sep 2026
Forms available
Form 990 2025
Location
Spokane, WA, USA
Phone
509-482-8174
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Affiliation
Christianity

Official website

Reported finances

Revenue
$18,239,122
Expenses
$19,311,443
Assets
$49,488,801
Liabilities
$62,056,037

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

Leadership & pay

21 people listed

Executive titles in this filing

  • DANIE MONAGHAN (PRESIDENT & CEO)

Highest reported compensation

  • DANIE MONAGHAN (PRESIDENT & CEO): $348,232 total reported compensation
  • MICHAEL SCHLEIGH (CHIEF OPERATING OFFICER): $166,111 total reported compensation
  • APRIL RITTER (DIRECTOR OF THERAPY SERVICES): $146,957 total reported compensation

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

Overview

Mission

Serve our residents, employees and greater Spokane community in a caring, Christ-centered environment. Riverview Retirement Community’s mission, since 1959, is to serve our residents, employees, and greater Spokane community in a caring, Christ-Centered environment. Vision: Riverview Retirement Community aspires to be an innovative leader in senior living providing a culture of quality, safety and service. Riverview Retirement 55+ Community’s 35-acre campus is ready and waiting for you to visit. As one of only four Life Plan Retirement Communities in Spokane, people often find their place at Riverview first in our independent living village homes. Our retirement community offers a welcoming environment tailored to your needs. As those needs may change over time, many of our residents transition to our retirement assisted living to access more help but remain close to nurture the...

What it reported doing in 2025

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 2025, this facility had 93.3% average occupancy.

Operating model

Revenue model
Earned-program. 93% of the money available for current operations came from fees and other program 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

STRONG - 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: 73
  • Transparency & Controls: 86
  • Accountability: 95
  • Sustainability: 27
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.4%; rating input score 85
  • Program expense ratio: 77.4%; rating input score 77
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 93.8%; rating input score 94; 19th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • 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: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -5.9%; rating input score 9; 9th percentile among comparable filings
  • Total-asset coverage ratio: 2.56; rating input score 60; 60th percentile among comparable filings
  • Liabilities to assets ratio: 1.25; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 6.6%; rating input score 45; 45th percentile among comparable filings

Growth

  • Program expense growth: 3.6% per year; rating input score 100; 29th percentile among comparable filings
  • Revenue growth: 4.4% per year; rating input score 100; 35th percentile among comparable filings
  • Asset growth: 9.6% per year; rating input score 100; 65th percentile among comparable filings

Details

  • What they do: 4 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 85.4% of revenue deployed · 77.4% of spending went to programs
  • Governance: 13 of 13 board members independent · 8 of 9 filing controls reported
  • Programs: 5 filed program accomplishments · $15M in reported program spending
  • Leadership: top reported pay $348K · 21 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $2.9M reported
  • Consistency: 33 of 34 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors and executive pay
  • Filing history: 16 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.

  • High — Sustainability: Operating margin scored 9/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 45/100.