Montrose Memorial Hospital
78% goes to programs $0 to raise $100 Strong reserves Growing revenue
Montrose Memorial Hospital is a 501(c)(3) organization based in Montrose, Colorado, registered in 2013, with $197,428,506 in FY2024 revenue. CharityIndex grades it A, and it directs about 78% of spending to programs.
800 S 3rd St, Montrose, CO, 81401 EIN 84-6002707 Since 2013
Revenue (FY2024)
$197.4M
▲ 12.9% vs prior year
Health median: $840K
Expenses (FY2024)
$198.8M
Net assets
$129.7M
Employees
867
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
B+Program efficiency40% of the rating78% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Montrose Memorial Hospital: 78% to programs · $0 to raise $100 earns a B+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating8 mo reserves · -1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Montrose Memorial Hospital: 8 mo reserves · -1% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Montrose Memorial Hospital: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Montrose Memorial Hospital: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
It is the mission of montrose memorial hospital to provide healthcare services to our communities with excellent service, compassion and fiscal responsibility.
What they do
Montrose memorial hospital is licensed for 75 beds and provides inpatient services including icu, medical surgical, joint replacement center and family center. the primary service area is montrose, ouray and san miguel counties. montrose memorial had 9,063 inpatient days for the year ending december 31, 2024. montrose memorial provides a significant amount of charity care an wrote off $1,468,000 in charges for the year ending december 31, 2024.
Montrose memorial operates an acute rehabilitation unit that provides services as a continuum of care for patients that need additional time and rehabilitation after a hospital stay before they can go to a lower level of care or home. our goal, at montrose memorial hospital, is to help patients get back to life, family and friends as quickly as possible. working with each patient and their family, the rehabilitation team designs a highly individualized treatment plan that focuses on potential, not on limitations. this progressive approach strives to meet the needs of the patient and their family involved in the rehabilitation process.
Contact & location
- Address
- 800 S 3rd St, Montrose, CO, 81401
- City
- Montrose
- State
- Colorado
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $83.5M (FY2013) to $197.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $82.9MNet assets $129.7M
Operating margin
-0.7%
Spent more than it raised in the latest fiscal year.
Total assets
$212.6M
Total liabilities
$82.9M
Net assets
$129.7M
Salaries & benefits
$82.8M
42% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $197,428,506▲12.9% | $198,800,484▲22.8% | $129,707,678▼0.3% | $212,571,376▲14.6% | 990 |
| 2023 | $174,821,714▲10.5% | $161,934,979▲9.1% | $130,063,246▲12.4% | $185,527,723▲20.3% | 990 |
| 2022 | $158,251,644▲3.9% | $148,364,011▲10.0% | $115,676,245▲5.8% | $154,232,412▼5.4% | 990 |
| 2021 | $152,320,491▲11.1% | $134,862,155▲9.5% | $109,379,814▲17.3% | $162,965,673▲9.6% | 990 |
| 2020 | $137,044,245▲5.7% | $123,184,700▲4.1% | $93,223,303▲18.1% | $148,708,895▲28.2% | 990 |
| 2019 | $129,636,787▲8.0% | $118,314,276▲3.0% | $78,954,686▲17.7% | $116,004,640▲13.7% | 990 |
| 2018 | $120,017,147▲10.1% | $114,874,797▲2.2% | $67,058,955▲7.9% | $102,047,995▲3.5% | 990 |
| 2017 | $109,000,646▲3.9% | $112,350,566▲8.1% | $62,164,935▼5.5% | $98,554,128▼5.2% | 990 |
| 2016 | $104,869,996▲6.9% | $103,902,227▲13.0% | $65,791,640▲1.3% | $103,979,862▲4.5% | 990 |
| 2015 | $98,056,953▲6.7% | $91,927,470▲6.5% | $64,957,644▲10.3% | $99,494,749▲1.4% | 990 |
| 2014 | $91,907,074▲10.1% | $86,331,399▲6.1% | $58,877,088▲10.3% | $98,151,659▲6.9% | 990 |
| 2013 | $83,461,317 | $81,345,935▲1.0% | $53,372,453▲3.7% | $91,808,181▲0.3% | 990 |
| 2012 | — | $80,511,037 | $51,461,675 | $91,546,883 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Addison Wood Md — $958,115 (0.48% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Addison Wood Md | Physician | 40 | $958,115 |
| Steven Emmons Md | Physician | 40 | $611,906 |
| Samuel Holmes Md | Physician | 40 | $470,005 |
| Rhonda Parker Md | Chief Medical Officer | 40 | $455,171 |
| Mojgan Arashvand Md | Physician | 40 | $421,180 |
| Paul Perrotti | Cfo | 40 | $359,920 |
| Michael Brezinsky Md | Director | 3 | $30,155 |
| Barb Judd | Secretary End 10/24 V Chair Beg 10/24 | 3 | — |
| Jack Johnston | Director | 3 | — |
| Jeff Mengenhausen | Ceo (deemed Officer) | 40 | — |
| Kaye Hotsenpiller | Director | 3 | — |
| Kjersten Davis Md | Director | 3 | — |
| Mary Vader Do | Chairperson | 3 | — |
| Reid Fishering | Director | 3 | — |
| Selvin Sandoval | Director | 3 | — |
| Zander Parker | Director | 3 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Intermountain Health | Radiation Services | $6,580,122 |
| Intermountain Health | Radiation Services | $6,580,122 |
| Healthtrust Workforce Solutions | Workforce Solutions | $3,386,183 |
| Healthtrust Workforce Solutions | Workforce Solutions | $3,386,183 |
| Medefis | Workforce System | $1,901,471 |
| Medefis | Workforce System | $1,901,471 |
| Community Hospital Corporation | Consulting | $1,122,716 |
| Community Hospital Corporation | Consulting | $1,122,716 |
| Hospital Shared Services | Security | $868,213 |
| Hospital Shared Services | Security | $868,213 |
Grants received · $100K total
7 grants to Montrose Memorial Hospital totaling $100K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Denver Foundation | Hospitals | 2022 | $15,000 |
| Mile High United Way Inc | Covid | 2019 | $25,000 |
| Denver Foundation | Capacity building convening | 2019 | $12,490 |
| Denver Foundation | Cardiac program for seniors | 2018 | $11,500 |
| National Christian Charitable Foundation | Poverty | 2018 | $1,500 |
| Denver Foundation | Restricted to support cardiac program for seniors | 2017 | $15,000 |
| Denver Foundation | Restricted to support cardiac program for seniors | 2016 | $20,000 |
Grants made · $14K in FY2022
2 grants totaling $14K in FY2022. All grants made by Montrose Memorial Hospital →
| Recipient | Purpose | Amount |
|---|---|---|
| San Juan Healthcare Foundation Inc | To support program | $8,000 |
| Montrose Economic Development Council Inc | To support program | $5,750 |
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Frequently asked questions
- Is Montrose Memorial Hospital a legitimate nonprofit?
- Yes. Montrose Memorial Hospital is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 84-6002707, based in Montrose, Colorado. Donations are tax-deductible.
- What is Montrose Memorial Hospital's EIN?
- Montrose Memorial Hospital's Employer Identification Number (EIN) is 84-6002707.
- How much revenue does Montrose Memorial Hospital report?
- Montrose Memorial Hospital reported $197,428,506 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Montrose Memorial Hospital's spending goes to programs?
- Montrose Memorial Hospital spends about 78% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Montrose Memorial Hospital have?
- CharityIndex grades Montrose Memorial Hospital A, based on program efficiency and fundraising cost.
- How much does Montrose Memorial Hospital's highest-paid employee make?
- The highest reported compensation on Montrose Memorial Hospital's latest Form 990 is $958,115, paid to Addison Wood Md (Physician).
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Data for Montrose Memorial Hospital (EIN 84-6002707) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.