Monument Health Rapid City Hospital Inc
80% goes to programs $7 to raise $100 Strong reserves
Monument Health Rapid City Hospital Inc is a 501(c)(3) organization based in Rapid City, South Dakota, registered in 1974, with $1,031,704,132 in FY2023 revenue. CharityIndex grades it A, and it directs about 80% of spending to programs.
Po Box 6000, Rapid City, SD, 57709 EIN 46-0319070 Since 1974
Revenue (FY2023)
$1.0B
▲ 13.1% vs prior year
Health median: $840K
Expenses (FY2023)
$987.0M
Net assets
$897.1M
Employees
5,112
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 · $7 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 Rapid City Hospital Inc: 80% to programs · $7 to raise $100 earns a B+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating11 mo reserves · +4% 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 Rapid City Hospital Inc: 11 mo reserves · +4% 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 Rapid City Hospital 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 Rapid City Hospital Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Improving the health of individuals and our communities.
What they do
Monument health home plus, llc specialty pharmacy offers high-cost, high-touch medication therapy for patients with complex diseases. these include cancer, multiple sclerosis, crohn's disease, hepatitis c, psoriasis, rheumatoid arthritis and rare genetic conditions. the medications often require special storage, handling, and/or administration.
Rch surgical services - provide in and out-patient surgical services to acute care patients.
Rch pharmacy - provide pharmaceuticals in support of acute care hospital patients.
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 $517.9M (FY2013) to $1.0B (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $525.4MNet assets $897.1M
Operating margin
4.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.4B
Total liabilities
$525.4M
Net assets
$897.1M
Salaries & benefits
$416.0M
42% of expenses
Board members
13
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $1,031,704,132▲13.1% | $986,969,990▲4.6% | $897,059,135▲8.7% | $1,422,455,024▲5.0% | 990 |
| 2022 | $912,569,914▼1.6% | $943,128,785▲4.1% | $824,888,274▼1.6% | $1,355,082,505▼3.6% | 990 |
| 2021 | $927,255,627▼2.6% | $905,882,311▲0.7% | $837,994,227▼9.3% | $1,405,384,189▼7.7% | 990 |
| 2020 | $951,840,989▲19.1% | $899,932,928▲17.3% | $923,843,876▲21.4% | $1,522,340,119▲18.0% | 990 |
| 2019 | $799,060,312▼1.2% | $767,301,675▲1.1% | $760,907,320▲0.9% | $1,290,053,350▲11.1% | 990 |
| 2018 | $808,573,292▲8.5% | $758,753,926▲8.5% | $753,925,360▲4.3% | $1,161,098,499▲2.6% | 990 |
| 2017 | $745,445,350▲8.4% | $699,034,431▲7.9% | $723,076,901▲4.5% | $1,131,251,656▲17.4% | 990 |
| 2016 | $687,660,386▲11.2% | $647,563,218▲12.9% | $691,960,040▲9.8% | $963,416,356▲4.2% | 990 |
| 2015 | $618,635,501▲13.9% | $573,701,140▲16.2% | $630,150,074▲1.0% | $924,629,930▲0.7% | 990 |
| 2014 | $543,358,457▲4.9% | $493,614,044▲7.0% | $623,857,312▼19.4% | $918,466,588▼10.1% | 990 |
| 2013 | $517,901,292 | $461,222,612▲4.8% | $774,377,705▲14.4% | $1,021,106,059▲10.5% | 990 |
| 2012 | — | $439,913,575▲9.5% | $677,198,477▲14.0% | $923,907,347▲7.2% | 990 |
| 2011 | — | $401,617,166▲4.1% | $594,110,103▲8.5% | $862,197,416▲10.7% | 990 |
| 2010 | — | $385,630,242▲12.1% | $547,377,671▲24.1% | $778,637,784▲17.7% | 990 |
| 2009 | — | $343,925,431 | $441,212,787 | $661,744,638 | 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: Joseph Tuma Md — $1,617,558 (0.16% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Joseph Tuma Md | Physician - Cardiology | 40 | $1,617,558 |
| Charan Mungara Md | Physician - Cardiology | 40 | $1,539,230 |
| Bhaskar Purushottam Md | Physician - Cardiology | 40 | $1,491,379 |
| Siri Knutsen Larson Md | Physician - Dermatology | 40 | $1,423,594 |
| Kyle Schmidt Md | Physician - Neurosurgery | 40 | $1,391,422 |
| Brad Archer Md | Chief Medical Officer | 46.59 | $876,666 |
| Mark A Thompson | Cfo/cbdo From 01/2024 | 46.59 | $868,581 |
| John Pierce | President Rapid City Hospital / Market | 55 | $722,589 |
| Patrick Woodard | Chief Healthcare Infor. Officer | 46.59 | $565,975 |
| Jacob Weasel Md | Board Member/employed Physician | 40.58 | $529,711 |
| Michael Tilles | Vp Operations-rapid City Market | 55 | $412,329 |
| Mark Longacre | Vp Operations-rapid City Market | 55 | $396,927 |
| Bobbie Schneller Md | Board Member/employed Physician | 40.96 | $369,327 |
| Mark Schulte | Vp Rapid City Market | 55 | $364,167 |
| Austin Willuweit | Vp Finance/ Cfo From 01/2024 | 46.59 | $340,040 |
| Tasha Frisinger | Vp of Nursing | 55 | $255,367 |
| Nicole Kerkenbush-former Chief | Nursing/perf Officer | 46.59 | $203,850 |
| Michael Statz Md | Board Member/employed Medical Director | 40.87 | $146,213 |
| Steven Frost Md | Board Member | 0.58 | $5,500 |
| Col Michelle Schnakenberg | Board Member | 0.48 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Travel Nurse Across America LLC | Contract Labor | $56,061,620 |
| Crothall Healthcare | Professional Services | $13,466,513 |
| Morrison Management Specialists Inc | Professional Services | $11,968,144 |
| Layton Gustafson | Construction | $10,719,111 |
| Weatherby Medical Staffing | Contract Labor | $9,805,091 |
Grants received · $1.7M total
36 grants to Monument Health Rapid City Hospital Inc totaling $1.7M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| South Dakota Community Foundation | Healthcare | 2024 | $30,000 |
| Mayo Clinic | Support charitable programs | 2024 | $28,000 |
| American Cancer Society Inc | Patient support | 2024 | $25,000 |
| American Cancer Society Inc | Patient support | 2024 | $25,000 |
| American Heart Association Inc | Stroke prevention programs | 2024 | $10,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $78,157 |
| Vanderbilt University Medical Center | General | 2023 | $68,000 |
| American Cancer Society Inc | Patient support | 2023 | $40,000 |
| Mayo Clinic | Support charitable programs | 2023 | $39,000 |
| Yale University | Subaward - sponsored research | 2022 | $203,970 |
| American Cancer Society Inc | Patient support | 2022 | $30,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $28,250 |
| The Blackbaud Giving Fund | General support | 2022 | $10,010 |
| South Dakota Community Foundation | Healthcare | 2021 | $75,000 |
| Yale University | Subaward - sponsored research | 2021 | $59,175 |
Grants made · $1.5M in FY2023
16 grants totaling $1.5M in FY2023 — showing the 15 largest. All grants made by Monument Health Rapid City Hospital Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Pennington County Treasurer | Crisis stabilization unit | $750,000 |
| South Dakota State University Foundation | Donation | $500,000 |
| Elevate Rapid City | Community development | $82,000 |
| Wellspring Inc | Donation | $52,000 |
| Leadership South Dakota | Donation | $30,000 |
| Sd Governor's Office of Economic Development | Donation | $15,000 |
| Black Hills State University Foundation | Donation | $12,500 |
| South Dakota Ellsworth Development Authority | Community development | $10,250 |
| American Heart Association Inc | Donation | $10,000 |
| South Dakota Community Foundation | Donation | $10,000 |
| Feeding South Dakota | Donation | $8,292 |
| State of South Dakota Hosa - Future Health Professionals | Donation | $7,500 |
| City of Box Elder | Donation | $7,500 |
| South Dakota Chamber of Commerce & Industry | Community development | $7,000 |
| Suncatcher Therapeutic Riding Academy Inc | Donation | $5,500 |
Similar organizations in Health
Health
Avera Mckennan
Sioux Falls, SD
$1.7B
A+annual revenue
Health
Avera Health Plans Inc
Sioux Falls, SD
$307.1M
Aannual revenue
Avera Health
Sioux Falls, SD
$278.4M
Aannual revenue
Health
Monument Health Network Inc
Rapid City, SD
$220.0M
Aannual revenue
Health
Prairie Lakes Health Care System Inc
Watertown, SD
$202.9M
Aannual revenue
- Health
Avera St Lukes
Aberdeen, SD
$197.1M
A+annual revenue
Sacred Heart Health Services
Yankton, SD
$156.8M
Aannual revenue
- Health
Avera Queen of Peace
Mitchell, SD
$142.6M
A+annual revenue
- Health
Avera St Marys
Pierre, SD
$122.1M
A+annual revenue
Avera At Home
Sioux Falls, SD
$83.2M
Aannual revenue
Compare Monument Health Rapid City Hospital Inc
Frequently asked questions
- Is Monument Health Rapid City Hospital Inc a legitimate nonprofit?
- Yes. Monument Health Rapid City Hospital Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 46-0319070, based in Rapid City, South Dakota. Donations are tax-deductible.
- What is Monument Health Rapid City Hospital Inc's EIN?
- Monument Health Rapid City Hospital Inc's Employer Identification Number (EIN) is 46-0319070.
- How much revenue does Monument Health Rapid City Hospital Inc report?
- Monument Health Rapid City Hospital Inc reported $1,031,704,132 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Monument Health Rapid City Hospital Inc's spending goes to programs?
- Monument Health Rapid City Hospital Inc spends about 80% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Monument Health Rapid City Hospital Inc have?
- CharityIndex grades Monument Health Rapid City Hospital Inc A, based on program efficiency and fundraising cost.
- How much does Monument Health Rapid City Hospital Inc's highest-paid employee make?
- The highest reported compensation on Monument Health Rapid City Hospital Inc's latest Form 990 is $1,617,558, paid to Joseph Tuma Md (Physician - Cardiology).
More nonprofits in Rapid City
Explore more
Data for Monument Health Rapid City Hospital Inc (EIN 46-0319070) 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.