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 06/2022, Monument Health Rapid City Hospital Inc employed 5,028 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 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $899.9m during the year ending 06/2021. While expenses have increased by 6.6% 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.

Since 2020, Monument Health Rapid City Hospital Inc has awarded 26 individual grants totaling $1,018,651. 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 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

MONUMENT HEALTH RAPID CITY HOSPITAL 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.


RCH PHARMACY - PROVIDE PHARMACEUTICALS IN SUPPORT OF ACUTE CARE HOSPITAL PATIENTS.


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.


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Board, Officers & Key Employees

Name (title)Compensation
Daryl Reinicke
Board Member
$0
Steven Frost MD
Board Member
$4,000
Col Robert Corby
Board Member
$0
Sandra Burns
Board Member
$0
Scott Barbour
Board Member
$0
Dusty Pinske
Board Member
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Medefis
Contract Labor
$26,060,604
Crothall Healthcare
Professional Services
$14,476,721
Layton Gustafson
Construction
$13,673,961
Aya Healthcare Inc
Medical Staffing
$11,191,418
Morrison Management Specialists Inc
Professional Services
$8,894,028
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$34,190,586
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 $438,151 in support to 12 organizations.

Grant RecipientAmount

ELEVATE RAPID CITY

PURPOSE: Diamond level pledge

$50,000

YELLOW JACKET FOUNDATION

PURPOSE: Athletic Sponsorship

$10,000

BH AREA COMMUNITY FOUNDATION

PURPOSE: Rapid City Strategic Housing Trust Fund & HRC/MOA Partnership

$40,000

LEADERSHIP SOUTH DAKOTA

PURPOSE: Silver Sponsorship Fee

$20,000

PENNINGTON COUNTY TREASURER

PURPOSE: Crisis Stabilization Unit

$250,000

SD GOVERNOR'S OFFICE OF ECONOMIC DEVELOPMENT

PURPOSE: 2022 Governor's Hunt Sponsorship

$15,000
View Grant Profile

Peer Organizations

Organization NameAssets
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St Cloud, MN
$1,141,045,824
Catholic Health Initiatives-Iowa Corp
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$899,251,353
Regions Hospital
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$941,330,911
Monument Health Rapid City Hospital Inc
Rapid City, SD
$951,840,989
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$782,427,407
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$520,112,686
Kalispell Regional Medical Center Inc
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St Lukes Methodist Hospital
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$459,214,322
Unmc Physicians
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$431,496,310
Mercy Medical Center
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$418,379,415
Healtheast St Johns Hospital
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$348,835,777
Allen Memorial Hospital Corporation
Waterloo, IA
$328,488,106
Ridgeview Medical Center
Waconia, MN
$333,321,300
St Peters Health
Helena, MT
$321,100,273
St Alexius Medical Center
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$274,517,601
Covenant Medical Center Inc
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$320,935,164
North Platte Nebraska Hospital Corporation
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$295,690,560

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