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Monument Health Rapid City Hospital Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 460319070 ✦ Rapid city, SD ✦ Designated as a 501(c)(3)

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Overview

What is Monument Health Rapid City Hospital Inc?

Monument Health Rapid City Hospital Inc, based in Rapid City, South Dakota, operates as a significant healthcare provider in the region with both inpatient and outpatient services. Their flagship facility, Rapid City Hospital, is a tertiary hospital catering to the healthcare needs of Western South Dakota, serving as a vital safety net due to the long distance to the nearest larger hospital in Sioux Falls. The organization includes Monument Health Orthopedic and Specialty Hospital, focusing on orthopedics, neurosurgery, podiatry, related outpatient services, therapy sessions, and sports performance services. Monument Health Rapid City Hospital aims to enhance the wellbeing of individuals and communities through dedicated, inclusive, and compassionate care. The organization employs a team of 5028 people.


Official website here: www.monument.health

What are the reviews and ratings of this charity?

Charity Navigator Rating: 92% (Four-Star out of Four Stars)

Monument Health Rapid City Hospital Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting strong performance in accountability and finance. The overall score highlights a commitment to transparency, with a perfect score in areas such as financial oversight and the posting of tax forms on their website. This indicates a robust financial management system that is likely to inspire confidence among donors and stakeholders.

The organization demonstrates sound governance practices, with a well-structured board that includes a majority of independent members. Additionally, policies regarding conflicts of interest, whistleblower protections, and document retention are effectively implemented, illustrating a commitment to ethical standards and accountability. Their program expense ratio of 74.19% suggests that a significant portion of their expenditures is directed towards program services rather than administrative costs.

However, it is worth noting that the organization scored low in the area of having independent board members, which could potentially raise questions about governance diversity. Despite this limitation, the hospital's overall financial health and commitment to responsible management practices underscore its standing as a reputable nonprofit entity.


This AI summary has been generated from information found on Charity Navigator.

Is Monument Health Rapid City Hospital Inc legitimate?

Monument Health Rapid City Hospital Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monument Health Rapid City Hospital Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $8,895,454
Professional Fundraising Fees: $0
Other Salaries and Wages: $347,447,504

For more financial information, click here


Official website here: www.monument.health

What is the mission statement of Monument Health Rapid City Hospital Inc?

Monument Health Rapid City Hospital is committed to enhancing the health and wellbeing of individuals within their communities. Their mission is threefold: to listen, to be inclusive, and to demonstrate care. The organization aims to bring together their team as one unit, fostering an environment of compassion and understanding. Monument Health Rapid City Hospital provides extensive healthcare services, offering both inpatient and outpatient care. Their comprehensive offerings include trauma care and specialized hospitals for orthopedics, neurosurgery, and podiatry, among other outpatient services, therapies, and sports performance services. By being the primary healthcare safety net in the region, Monument Health Rapid City Hospital plays a crucial role in ensuring access to vital healthcare services for those in need.


Official website here: www.monument.health

Who is the CEO of Monument Health Rapid City Hospital Inc?

Paulette Davidson is the Principal Officer of Monument Health Rapid City Hospital Inc. The CEO's salary of Monument Health Rapid City Hospital Inc is $0 and their total compensation is $1,529,032.


Official website here: www.monument.health

What is the revenue of Monument Health Rapid City Hospital Inc?

Monument Health Rapid City Hospital Inc's revenue in 2022 was $927,255,627.


Official website here: www.monument.health

Who are the executives of Monument Health Rapid City Hospital Inc and what are their salaries?

The average compensation at Monument Health Rapid City Hospital Inc during 2022 was $70,872. There are 5028 employees and 188 volunteers at Monument Health Rapid City Hospital Inc.


Here are 30 key members and their salaries (Monument Health Rapid City Hospital Inc's CEO's salary is $0 and their total compensation is $1,529,032):


Daryl Reinicke (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Frost Md (Board Member)
  • Compensation: $4,000
  • Related: $0
  • Other: $0
Col Robert Corby (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandra Burns (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Barbour (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dusty Pinske (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Rau (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deidre Budahl (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ross Mckie (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Srinivas Gangineni Md (Board Member/Employed Physician)
  • Compensation: $748,853
  • Related: $0
  • Other: $79,579
Michael Statz Md (Board Member/Employed Physician)
  • Compensation: $151,507
  • Related: $0
  • Other: $1,907
Jacob Weasel Md (Board Member/Employed Physician)
  • Compensation: $556,000
  • Related: $0
  • Other: $69,664
Paulette R Davidson (President & Ceo)
  • Compensation: $0
  • Related: $1,310,683
  • Other: $218,349
Mark A Thompson (Cfo/Treasurer)
  • Compensation: $612,762
  • Related: $0
  • Other: $94,486
Teresa Burroff (General Counsel/Secretary)
  • Compensation: $528,067
  • Related: $0
  • Other: $38,034
Brad Archer Md (Chief Medical Officer)
  • Compensation: $828,920
  • Related: $0
  • Other: $111,567
Nicole Kerkenbush (Chief Nursing/Performance Officer)
  • Compensation: $387,341
  • Related: $0
  • Other: $16,652
Stephanie Lahr Md (Cio/Cmio)
  • Compensation: $567,864
  • Related: $0
  • Other: $48,323
Michael Tilles (President Home Plus)
  • Compensation: $362,949
  • Related: $0
  • Other: $44,030
Mark Longacre (Vp Operations-Rapid City Market)
  • Compensation: $392,382
  • Related: $0
  • Other: $41,433
John Pierce (President Rapid City Market)
  • Compensation: $544,526
  • Related: $0
  • Other: $89,630
Douglas Koch Term 71321 (Vp Rapid City Market)
  • Compensation: $251,107
  • Related: $0
  • Other: $27,249
Michael Latour (System Director Of Musculoskeletal Care)
  • Compensation: $201,162
  • Related: $0
  • Other: $33,721
Trina Allen (Vp Human Resources)
  • Compensation: $272,576
  • Related: $0
  • Other: $12,165
Joseph Tuma Md (Physician - Cardiology)
  • Compensation: $1,439,829
  • Related: $0
  • Other: $100,548
Charan Mungara Md (Physician - Cardiology)
  • Compensation: $1,283,381
  • Related: $0
  • Other: $107,273
Bhaskar Purushottam Md (Physician - Cardiology)
  • Compensation: $1,470,888
  • Related: $0
  • Other: $110,787
Robert Santa-Cruz Md (Physician - Urology)
  • Compensation: $1,240,988
  • Related: $0
  • Other: $76,610
Kalyan Vunnamadala Md (Physician - Cardiology)
  • Compensation: $1,269,071
  • Related: $0
  • Other: $115,895
Thomas Worsley (President Spearfish Market)
  • Compensation: $0
  • Related: $438,480
  • Other: $35,100


Official website here: www.monument.health

Where can I find the form 990 for Monument Health Rapid City Hospital Inc?

Monument Health Rapid City Hospital Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.monument.health

Learn more at the official website: www.monument.health

Mission Statement of Monument Health Rapid City Hospital Inc

Monument Health Rapid City Hospital, a dedicated healthcare provider, is committed to enhancing the health and well-being of individuals within their communities. This visionary organization, with a unified team approach, strives to listen attentively, inclusively serve, and genuinely care for those under its care.

At the heart of Monument Health Rapid City Hospital's mission lies its dedication to providing essential health services. In a region where the nearest larger hospital is over 350 miles away, Monument Health Rapid City Hospital assumes the critical role of a healthcare safety net. Through its primary hospital, Rapid City Hospital, and Monument Health Orthopedic and Specialty Hospital, the organization offers a diverse range of healthcare solutions, including inpatient and outpatient services, trauma care, and specialized care for orthopedics, neurosurgery, and podiatry.

Monument Health Rapid City Hospital's unwavering commitment to health improvement extends beyond its hospital walls. The organization is a member of Monument Health Home Plus, LLC, further emphasizing its dedication to delivering comprehensive care to its community. In essence, Monument Health Rapid City Hospital stands as a beacon of hope and healing, addressing the unique healthcare needs of the population they serve.

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Impact




October, 2024

Monument Health Rapid City Hospital plays a crucial role in enhancing the health and well-being of individuals and communities in Western South Dakota. By offering both inpatient and outpatient services, it acts as a vital healthcare safety net, particularly important given that the nearest larger hospital is over 350 miles away in Sioux Falls, SD.

The hospital provides a wide array of comprehensive care, including Level II Trauma Care, ensuring that residents in the region have access to emergency services and specialized treatment. Its facilities include the Monument Health Orthopedic and Specialty Hospital, which focuses on essential services like orthopedics, neurosurgery, podiatry, and various outpatient therapies and sports performance services. This allows the local population to receive significant medical attention without the need to travel long distances, thereby improving health outcomes and accessibility for the community.

In addition to its clinical services, Monument Health Rapid City Hospital fosters a culture of inclusivity and compassion, striving to listen to the needs of patients and the community. Through its mission to improve health for all, it actively contributes to the overall quality of healthcare in the region, making it an invaluable resource for those in need.




This information is meant to be a general summary of Monument Health Rapid City Hospital Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$927,255,627 (2022)
Expenses
$905,882,311 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $21,422,326
  • Program Service Revenue: $886,367,787
  • Gross Receipts: $928,759,825

Assets and Liabilities:

  • Total Assets: $1,405,384,189
  • Total Liabilities: $567,389,962
  • Net Assets: $837,994,227

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

In Patient Pharmacy

Revenue

$174,568,082

Surgical Services

Revenue

$116,068,366

Cardiac Services

Revenue

$94,006,813

MIS CT Scan

Revenue

$71,393,396

Laboratory

Revenue

$56,190,141

Organization Details

Founding Year

1973

Principal Officer

Paulette Davidson

Main Address

353 Fairmont Blvd PO Box 6000, Rapid City, SD, 577096000

NTEE Category

Code: E220 - Health

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