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 06/2020, Monument Health Rapid City Hospital Inc employed 4,704 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 06/2020, Monument Health Rapid City Hospital Inc generated $799.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $767.3m during the year ending 06/2020. While expenses have increased by 6.0% per year over the past 5 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

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

Describe the Organization's Program Activity:

Part 3 - Line 4a

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
$69,395,993
Crothall Healthcare
Professional Services
$12,324,030
Medefis
Contract Labor
$15,530,296
Morrison Management Specialists Inc
Professional Services
$8,028,695
Weatherby Locums
Contract Labor
$9,630,987
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$126,264
Related organizations$0
Government grants $17,113,550
All other contributions, gifts, grants, and similar amounts not included above$2,975,091
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$20,214,905
Total Program Service Revenue$770,763,546
Investment income $10,182,294
Tax Exempt Bond Proceeds $461,273
Royalties $0
Net Rental Income $344,413
Net Gain/Loss on Asset Sales -$3,161,486
Net Income from Fundraising Events $83,306
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $58,680
Miscellaneous Revenue$0
Total Revenue $799,060,312

Grants Awarded

Over the last fiscal year, Monument Health Rapid City Hospital Inc has awarded $218,000 in support to 7 organizations.

Grant RecipientAmount

MITCHELL TECHNICAL COLLEGE FOUNDATION

Org PageRecipient Profile

Mitchell, SD

PURPOSE: 2019 ENDOWMENT & SCHOLARSHIPS AND 2020 Pledge

$95,000

ELEVATE RAPID CITY

Org PageRecipient Profile

Rapid City, SD

PURPOSE: 2019 PLEDGE

$60,000

TEAMMATES MENTORING PROGRAM

PURPOSE: MENTORING EXPANSION

$25,000

SOUTH DAKOTA GOVERNOR'S OFFICE OF ECONOMIC DEVELOPMENT

PURPOSE: SPONSORSHIP OF ECONOMIC DEVELOPMENT EVENTS

$15,000

YELLOW JACKET FOUNDATION

Org PageRecipient Profile

Spearfish, SD

PURPOSE: SPONSORSHIP

$10,000

SUSAN G KOMEN GREAT PLAINS

Org PageRecipient Profile

Omaha, NE

PURPOSE: SPONSORSHIP

$7,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Monument Health Rapid City Hospital Inc has recieved totaling $60,855.

Awarding OrganizationAmount
Mayo Clinic

Rochester, MN

PURPOSE: SUPPORT CHARITABLE PROGRAMS

$29,690
Fidelity Investments Charitable Gift Fund

Boston, MA

PURPOSE: For grant recipient's exempt purposes

$21,165
Yale University

New Haven, CT

PURPOSE: SUBAWARD - SPONSORED RESEARCH

$5,000
Yale University

New Haven, CT

PURPOSE: SUBAWARD - SPONSORED RESEARCH

$5,000
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
$931,948,044
Central Iowa Hospital Corporation
Des Moines, IA
$914,986,157
North Memorial Health Care
Robbinsdale, MN
$865,106,386
Catholic Health Initiatives-Iowa Corp
Des Moines, IA
$817,241,108
Regions Hospital
Minneapolis, MN
$834,995,997
Monument Health Rapid City Hospital Inc
Rapid City, SD
$799,060,312
Altru Health System
Grand Forks, ND
$615,330,989
Bryan Medical Center
Lincoln, NE
$692,852,146
Smdc Medical Center
Duluth, MN
$557,084,627
Nebraska Methodist Hospital
Omaha, NE
$634,476,621
St Lukes Hospital Of Duluth
Duluth, MN
$521,629,304
Kalispell Regional Medical Center Inc
Kalispell, MT
$486,020,179

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