Monument Health Network Inc
80% goes to programs $0 to raise $100 Growing revenue
Monument Health Network Inc is a 501(c)(3) organization based in Rapid City, South Dakota, registered in 1981, with $220,042,314 in FY2023 revenue. CharityIndex grades it A, and it directs about 80% of spending to programs.
Po Box 6000, Rapid City, SD, 57709 EIN 46-0360899 Since 1981
Revenue (FY2023)
$220.0M
▲ 4.5% vs prior year
Health median: $840K
Expenses (FY2023)
$205.5M
Net assets
$91.6M
Employees
1,291
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 rating80% 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 Monument Health Network Inc: 80% to programs · $0 to raise $100 earns a B+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating5 mo reserves · +7% 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 Monument Health Network Inc: 5 mo reserves · +7% 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 Monument Health Network Inc: 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 Monument Health Network Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Improving the health of individuals and our communities.
What they do
Monument health spearfish hospitalthe hospital's surgery department offers the following surgical specialties: orthopedics, ob/gyn, general surgery, ent, podiatry, dermatology and ophthalmology.
Monument health spearfish clinicthe clinic is a hospital outpatient department providing primary care. it has a total of 46.72 full time equivalents.
Sph orthopedic surgeryspearfish monument hospital's orthopedic clinic is a surgery department offering general surgery and orthopedic surgery using state-of-the-art surgical methods using the most advanced equipment. the primary focus is on total joints: knee, hip and shoulder.
Contact & location
- Address
- Po Box 6000, Rapid City, SD, 57709
- City
- Rapid City
- State
- South Dakota
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $98.6M (FY2013) to $220.0M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $69.3MNet assets $91.6M
Operating margin
6.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$160.9M
Total liabilities
$69.3M
Net assets
$91.6M
Salaries & benefits
$113.8M
55% of expenses
Board members
9
5 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $220,042,314▲4.5% | $205,549,800▲2.4% | $91,553,592▲18.5% | $160,854,015▲15.8% | 990 |
| 2022 | $210,662,984▲1.2% | $200,759,854▲3.0% | $77,278,576▲14.9% | $138,921,164▲7.2% | 990 |
| 2021 | $208,192,046▲13.0% | $194,977,719▲5.7% | $67,239,792▲23.5% | $129,627,485▲12.9% | 990 |
| 2020 | $184,187,235▲6.4% | $184,472,274▲8.7% | $54,424,193▼0.5% | $114,799,210▼22.6% | 990 |
| 2019 | $173,170,795▲8.3% | $169,778,103▲1.8% | $54,670,229▲6.0% | $148,333,045▲18.0% | 990 |
| 2018 | $159,898,560▲2.5% | $166,735,937▲0.5% | $51,557,491▼12.2% | $125,732,103▲4.0% | 990 |
| 2017 | $155,989,796▲0.3% | $165,951,699▲3.8% | $58,715,295▼12.3% | $120,880,142▲48.9% | 990 |
| 2016 | $155,583,273▼2.2% | $159,946,712▲4.6% | $66,927,094▼6.1% | $81,174,246▲2.8% | 990 |
| 2015 | $159,025,098▲40.5% | $152,846,710▲56.2% | $71,276,821▲25.6% | $78,958,381▲22.5% | 990 |
| 2014 | $113,193,030▲14.8% | $97,859,625▲10.0% | $56,749,716▲37.0% | $64,461,705▲8.9% | 990 |
| 2013 | $98,558,533 | $88,976,325▲7.1% | $41,419,829▲30.1% | $59,173,816▲8.8% | 990 |
| 2012 | — | $83,059,642▲12.4% | $31,837,621▲33.7% | $54,401,427▲2.8% | 990 |
| 2011 | — | $73,867,067▼5.2% | $23,809,931▲65.8% | $52,913,755▲6.9% | 990 |
| 2010 | — | $77,935,093▼3.2% | $14,362,452▼16.9% | $49,482,747▼25.1% | 990 |
| 2009 | — | $80,482,602 | $17,288,273 | $66,045,693 | 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 (FY2023)
Highest-paid: Ray Jensen Md — $1,828,915 (0.89% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Ray Jensen Md | Physician - Orthopedic Surgery | 40 | $1,828,915 |
| Andrew Vanosdol Md | Physician - Surgery | 40 | $1,041,404 |
| Christopher Milnes Md | Physician - Radiologist | 40 | $993,291 |
| Wesley Badger | Physician -surgery | 40 | $977,339 |
| Garrett Cox | Physician - Radiologist | 40 | $913,713 |
| Thomas Worsley | Pres Spearfish Hosp/hills Markets | 55 | $568,278 |
| Heather Brewer Md | Board Member/employed Physician | 40.87 | $533,301 |
| Mark Schmidt | Pres Sturgis, Lead-deadwood Market | 55 | $352,841 |
| Jason Knudson | Board Member/employed Physician | 40.58 | $352,432 |
| Barbara Hespen | Pres Custer Market/system Cno | 46.59 | $276,143 |
| Charles Lewis Do | Board Member/employed Physician | 40.29 | $255,264 |
| Austin Willuweit | Vp Finance/cfo From 01/2024 | 8.3 | — |
| Brad Archer Md | Chief Medical Officer | 8.3 | — |
| Dan Liekvold | Board Member | 0.29 | — |
| Fred Lamphere | Board Member | 0.29 | — |
| John Williams | Board Member From 12/2023 | 0.38 | — |
| Kathryn Johnson | Board Member-chair | 1.19 | — |
| Kenneth Meirose | Board Member | 0.83 | — |
| Mark A Thompson | Cfo/cbdo From 01/2024 | 8.3 | — |
| Mark Schulte | Vp Rapid City Market | 0 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Travel Nurse Across American LLC | Contract Labor | $5,517,972 |
| Morrison Management Specialists Inc | Professional Services | $2,628,920 |
| Scull Construction Service Inc | Construction | $1,978,258 |
| Engineers-architects PC | Professional Services | $1,289,531 |
| Weatherby Medical Staffing | Contract Labor | $1,231,152 |
Grants received · $108K total
4 grants to Monument Health Network Inc totaling $108K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Heart Association Inc | Blood pressure control initiative | 2024 | $17,000 |
| American Heart Association Inc | Stroke prevention programs | 2024 | $7,000 |
| American Heart Association Inc | Stroke prevention programs | 2024 | $7,000 |
| Delta Dental of Washington | Funding to support care coordination | 2019 | $76,706 |
Grants made · $5,100 in FY2023
1 grant totaling $5,100 in FY2023. All grants made by Monument Health Network Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Spearfish High School | Sponsorship | $5,100 |
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Frequently asked questions
- Is Monument Health Network Inc a legitimate nonprofit?
- Yes. Monument Health Network Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 46-0360899, based in Rapid City, South Dakota. Donations are tax-deductible.
- What is Monument Health Network Inc's EIN?
- Monument Health Network Inc's Employer Identification Number (EIN) is 46-0360899.
- How much revenue does Monument Health Network Inc report?
- Monument Health Network Inc reported $220,042,314 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Monument Health Network Inc's spending goes to programs?
- Monument Health Network Inc spends about 80% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Monument Health Network Inc have?
- CharityIndex grades Monument Health Network Inc A, based on program efficiency and fundraising cost.
- How much does Monument Health Network Inc's highest-paid employee make?
- The highest reported compensation on Monument Health Network Inc's latest Form 990 is $1,828,915, paid to Ray Jensen Md (Physician - Orthopedic Surgery).
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Data for Monument Health Network Inc (EIN 46-0360899) 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.