Monument Health Inc

The information for Monument Health Inc is as of the organization's most recent filing in June 2020. This organization is located in Rapid City, SD and has been in existence for 14 years, following its founding in 2006.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

Monument Health Inc's NTEE code is E21. The "E" tells us that the organization is classified along with Community Health Systems. The "21" tells us that the organization is a Health Care organization. The NTEE describes Health Care organizations as multihospital health care systems that have two or more hospitals owned, leased, sponsored, or managed by a central organization.

Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.

Perhaps the most accurate way to get a sense of what the organization hopes to achieve is by looking at its mission. The mission of Monument Health Inc is to improve the health of individuals and their communities.

Program Areas

Monument Health's Board of Directors provides guidance and decision making for its supported organizations, Monument Health Rapid City Hospital, Inc., Monument Health Network, Inc., and Monument Health Physicians, Inc., to ensure services are coordinated and that all organizations are contributing to the achievement of a shared mission. Executive administration also provides management and support services to the entire health system.

Organization Staffing

Monument Health Inc is run by Paulette Davidson, who is the President and CEO. The organization has only 2 employees, of whom one is paid more than $100k per year (according to the organization's most recent 990 tax filing). Supporting the paid staff are 13 volunteers.

Board Governance

Monument Health Inc is an exemplary non-profit organization that is well-governed. The organization has 13 voting members, 10 of which are independent, and the potential for conflicts of interest exists. Board meetings are documented, and the organization has a conflict of interest policy, a written whistleblower policy, and a document retention policy. Monument Health Inc also requires disclosure of conflicts and substantiates and reviews leadership salary. Furthermore, copies of the 990 are provided to the board prior to filing. The organization has not delegated management to an outside firm, and does not substantiate and review officer's salaries. All in all, Monument Health Inc has a well-structured governance system in place.

Organization Growth

Overall, Monument Health Inc has seen growth over the past five years. Program Service Revenue, Total Revenue, and Employee Salaries have all increased from 2014 to 2019. Total Expenses and the size of the volunteer base have also increased over this period. The number of employees has remained constant, however, which may indicate Monument Health Inc has been able to meet increased demand with volunteer labor.