Montrose Memorial Hospital

Organization Overview

Montrose Memorial Hospital, operating under the name Montrose Regional Health, is located in Montrose, CO. The organization was established in 2013. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Montrose Regional Health employed 941 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montrose Regional Health 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 12/2021, Montrose Regional Health generated $152.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $134.9m during the year ending 12/2021. While expenses have increased by 5.6% per year over the past 7 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

IT IS THE MISSION OF MONTROSE MEMORIAL HOSPITAL TO PROVIDE HEALTHCARE SERVICES TO OUR COMMUNITIES WITH EXCELLENT SERVICE, COMPASSION AND FISCAL RESPONSIBILITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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 9,857 INPATIENT DAYS FOR THE YEAR ENDING DECEMBER 31, 2021. MONTROSE MEMORIAL PROVIDES A SIGNIFICANT AMOUNT OF CHARITY CARE AND WROTE OFF $4,965,400 IN CHARGES FOR THE YEAR ENDING DECEMBER 31, 2021.


MONTROSE MEMORIAL HOSPITAL PROVIDES A WIDE VARIETY OF OUTPATIENT SERVICES INCLUDING EMERGENCY ROOM, MEDICAL IMAGING, CARDIOLOGY, PULMONOLOGY, ONCOLOGY, PHYSICAL THERAPY, OCCUPATIONAL THERAPY, SPEECH THERAPY, CARDIO-PULMONARY REHAB AND LABORATORY. MONTROSE MEMORIAL HAS A LEVEL III TRAUMA DESIGNATION AND WE HAVE HELICOPTER TRANSPORT SERVICES ON CAMPUS. OUR EMERGENCY ROOM IS STAFFED 24/7 WITH ER BOARD CERTIFIED PHYSICIANS. FOR THE YEAR ENDING DECEMBER 31, 2021 THE HOSPITAL HAD 151,371 OUTPATIENT VISITS.


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.


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Board, Officers & Key Employees

Name (title)Compensation
Riley Foreman
Physician
$651,496
Luther Weathers
Physician
$641,872
Michael Bergen
Physician
$560,086
Steven Emmons
Physician
$548,023
Virginia Tjan
Physician
$538,195
Yvonne Wigington
CFO
$309,120

Outside Vendors & Contractors

Vendor Name (Service)Compensation
San Juan Cancer Center
Radiation Onc Srvice
$4,193,109
First Contact Medical Services
Er Physicians Group
$4,029,183
Cedar Point Health
Hospitalist Services
$2,786,891
Community Hospital Consulting Inc
Mgnt Consulting
$882,573
Hss Security Llc
Security
$634,674
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $4,067,419
All other contributions, gifts, grants, and similar amounts not included above$478,980
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$4,546,399
Total Program Service Revenue$146,878,416
Investment income $892,355
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $52,894
Net Gain/Loss on Asset Sales -$904,332
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $152,320,491

Grants Awarded

Over the last fiscal year, Montrose Memorial Hospital has awarded $52,457 in support to 3 organizations.

Grant RecipientAmount

SAN JUAN HEALTHCARE FOUNDATION INC

Org PageRecipient Profile

Montrose, CO

PURPOSE: To Support PRogram

$31,457

MONTROSE MEDICAL MISSION

Org PageRecipient Profile

Montrose, CO

PURPOSE: to Support Program

$15,000

BLACK CANYON BOYS & GIRLS CLUB

Org PageRecipient Profile

Montrose, CO

PURPOSE: To Support Program

$6,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Montrose Memorial Hospital has recieved totaling $118,363.

Awarding OrganizationAmount
Scottish Rite Foundation

Denver, CO

PURPOSE: AID TO CHILDREN

$67,856
$15,440
Western Regional Ems Council Inc

Delta, CO

PURPOSE: MEDICAL SUBSIDY

$15,000
Rocky Mountain Health Foundation

Grand Junction, CO

PURPOSE: STAFF HEALTH & WELLNESS

$15,000
Muchnic Foundation

Atchison, KS

PURPOSE: MEDICAL PRACTICE

$2,500
Ralph And Ricky Lauren Family Foundation Inc

New York, NY

PURPOSE: CHARITABLE CONTRIBUTION

$2,500
View Grant Recipient Profile

Peer Organizations

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