Monument Health Rapid City Hospital Inc

Organization Overview

Monument Health Rapid City Hospital Inc is located in Rapid City, SD. The organization was established in 1974. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2021, Monument Health Rapid City Hospital Inc employed 5,082 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monument Health Rapid City Hospital Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Monument Health Rapid City Hospital Inc generated $951.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $899.9m during the year ending 06/2021. While expenses have increased by 7.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Monument Health Rapid City Hospital Inc has awarded 21 individual grants totaling $798,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

MONUMENT HEALTH RAPID CITY REGIONAL IS DEDICATED TO IMPROVING THE HEALTH OF INDIVIDUALS AND OUR COMMUNITIES.

Describe the Organization's Program Activity:

MONUMENT HEALTH RAPID CITY HOSPITAL, INC. (MHRCH) OFFERS BOTH INPATIENT AND OUTPATIENT HEALTH SERVICES. ITS TERTIARY HOSPITAL, RAPID CITY HOSPITAL (RCH), SERVES WESTERN SOUTH DAKOTA. THE NEAREST LARGER HOSPITAL IS IN SIOUX FALLS, SD, MORE THAN 350 MILES AWAY. AS SUCH, THE SERVICES PROVIDED BY MHRCH ARE TRULY A HEALTHCARE SAFETY NET FOR WESTERN SOUTH DAKOTA. THE HOSPITAL PROVIDES COMPREHENSIVE CARE, INCLUDING LEVEL II TRAUMA CARE. MHRCH ALSO INCLUDES MONUMENT HEALTH ORTHOPEDIC AND SPECIALTY HOSPITAL (MHOSH). MHOSH FOCUSES ON ORTHOPEDICS, NEUROSURGERY AND PODIATRY, AS WELL AS RELATED OUTPATIENT SERVICES, RELATED THERAPY SERVICES AND SPORTS PERFORMANCE SERVICES.MHRCH IS ALSO THE SINGLE MEMBER OF MONUMENT HEALTH HOME PLUS, LLC.


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.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Layton Gustafson
Construction
$42,655,714
Medefis
Contract Labor
$14,261,790
Crothall Healthcare
Professional Services
$12,860,647
Weatherby Locums
Contract Labor
$7,878,618
Morrison Management Specialists Inc
Professional Services
$8,388,647
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$64,239
Related organizations$0
Government grants $30,591,923
All other contributions, gifts, grants, and similar amounts not included above$3,534,424
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$34,190,586
Total Program Service Revenue$890,597,533
Investment income $9,442,784
Tax Exempt Bond Proceeds $9,533
Royalties $0
Net Rental Income $584,882
Net Gain/Loss on Asset Sales $16,763,084
Net Income from Fundraising Events $193,643
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $29,477
Miscellaneous Revenue$0
Total Revenue $951,840,989

Grants Awarded

Over the last fiscal year, Monument Health Rapid City Hospital Inc has awarded $362,500 in support to 7 organizations.

Grant RecipientAmount

PENNINGTON COUNTY TREASURER

PURPOSE: 2021 care campus sponsorship

$195,000

ELEVATE RAPID CITY

Org PageRecipient Profile

Rapid City, SD

PURPOSE: Diamond level pledge & military advisory sponsorship

$60,000

MITCHELL TECHNICAL COLLEGE FOUNDATION

Org PageRecipient Profile

Mitchell, SD

PURPOSE: 2021 pledge payment

$45,000

SOUTH DAKOTA GOVERNOR'S OFFICE OF ECONOMIC DEVELOPMENT

PURPOSE: 2020 & 2021 sponsorship of governors pheasant hunt

$30,000

BLACK HILLS TRAILS

Org PageRecipient Profile

Sturgis, SD

PURPOSE: Sponsorship of sturgis trail system

$12,500

LEADERSHIP SOUTH DAKOTA

Org PageRecipient Profile

Sioux Falls, SD

PURPOSE: 2020-20201 silver sponsorship fee

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Monument Health Rapid City Hospital Inc has recieved totaling $119,164.

Awarding OrganizationAmount
South Dakota Community Foundation

Pierre, SD

PURPOSE: Healthcare

$75,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$20,920
Alliance For Clinical Trials In Oncology Foundation

Chicago, IL

PURPOSE: CANCER RESEARCH

$15,054
Oahe Foundation

Pierre, SD

PURPOSE: GENERAL SUPPORT

$8,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$190
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,662,929
Ending Balance$1,662,929

Peer Organizations

Organization NameAssets
St Cloud Hospital
St Cloud, MN
$1,117,982,242
Monument Health Rapid City Hospital Inc
Rapid City, SD
$951,840,989
Regions Hospital
Minneapolis, MN
$936,558,758
Catholic Health Initiatives-Iowa Corp
Des Moines, IA
$904,841,538
Central Iowa Hospital Corporation
Des Moines, IA
$937,321,371
North Memorial Health Care
Robbinsdale, MN
$789,881,568
Bryan Medical Center
Lincoln, NE
$861,679,038
Smdc Medical Center
Duluth, MN
$663,367,068
Altru Health System
Grand Forks, ND
$613,611,037
Nebraska Methodist Hospital
Omaha, NE
$637,277,838
St Lukes Hospital Of Duluth
Duluth, MN
$537,764,798
Benefis Hospitals Inc
Great Falls, MT
$564,158,876

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