Nonprofit · EIN 46-0319070
MONUMENT HEALTH RAPID CITY HOSPITAL INC
Tax-exempt · RAPID CITY, SD 57709
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,091,839,091 | $1,059,820,826 | $32,018,265 | $1,484,513,220 | $532,428,914 | $952,084,306 |
| June 30, 2024 | 990 | $1,031,704,132 | $986,969,990 | $44,734,142 | $1,422,455,024 | $525,395,889 | $897,059,135 |
| June 30, 2023 | 990 | $912,569,914 | $943,128,785 | -$30,558,871 | $1,355,082,505 | $530,194,231 | $824,888,274 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $3,489,255
- of which government grants
- $39,618
- Program service revenue
- $1,062,272,909
- Investment income
- $25,105,708
- Net rental income
- $134,508
- Net gain from sales of assets
- $10,443,932
- Net income from fundraising events
- $835,236
- Net income from sales of inventory
- $1,475
- Tax-exempt bond proceeds
- $320,292
- Other revenue
- $971,219
Expenses
- Grants and similar amounts paid
- $440,813
- Compensation of officers, directors and key employees
- $5,630,839
- Other salaries and wages
- $400,214,477
- Salaries, compensation and benefits (total)
- $441,967,799
- Professional fundraising fees
- $0
- Legal fees
- $1,055,939
- Accounting fees
- $393,490
- Occupancy
- $28,226,544
- Travel
- $2,185,461
- Depreciation
- $53,314,589
- Program services (functional)
- $864,199,254
- Management and general (functional)
- $194,073,820
- Fundraising (functional)
- $1,547,752
Balance sheet and other
- Total assets, start of year
- $1,422,455,024
- Total assets, end of year
- $1,484,513,220
- Total liabilities, end of year
- $532,428,914
- Net assets, end of year
- $952,084,306
- Land, buildings and equipment
- $477,385,840
- Publicly traded securities
- $345,299,192
- Net assets without donor restrictions
- $928,131,802
- Net assets with donor restrictions
- $23,952,504
- Gross unrelated business income
- $13,167,808
- Gross receipts
- $1,095,522,101
- Employees
- 5,235
- Volunteers
- 203
- Year formed
- 1973
- State of legal domicile
- SD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Paulette R Davidson | President & CEO Trustee or director, Officer | 51.3 | $0 | $1,932,107 | $267,590 |
| Joseph Tuma MD | Physician - Cardiology Highest-paid employee | 40 | $1,889,073 | $0 | $140,510 |
| Ethan Levine MD | Physician - Cardiology Highest-paid employee | 40 | $1,559,974 | $0 | $113,818 |
| Bhaskar Purushottam MD | Physician - Cardiology Highest-paid employee | 40 | $1,471,104 | $0 | $140,912 |
| Siri Knutsen Larson MD | Physician - Dermatology Highest-paid employee | 40 | $1,442,327 | $0 | $150,006 |
| Charan Mungara MD | Physician - Cardiology Highest-paid employee | 40 | $1,394,909 | $0 | $107,917 |
| Brad Archer MD | Chief Medical Officer Trustee or director | 47.11 | $972,031 | $0 | $134,035 |
| John Pierce | President Rapid City Hospital and Market Key employee | 55 | $822,063 | $0 | $121,912 |
| Patrick Woodard | Chief Information Officer Key employee | 47.02 | $621,118 | $0 | $66,971 |
| Austin Willuweit | Chief Financial Officer Officer | 47.02 | $528,595 | $0 | $84,168 |
| Jacob Weasel MD | Board Member/Employed Physician Trustee or director | 40 | $494,488 | $0 | $72,250 |
| Mark A Thompson | Chief Bus Dev Officer Until 12/2024 Officer | 47.02 | $505,374 | $0 | $49,245 |
| Michael Tilles | VP Operations-Rapid City Market Key employee | 55 | $453,907 | $0 | $48,897 |
| Mark Schulte | VP Rapid City Market Key employee | 55 | $411,968 | $0 | $62,831 |
| Bobbie Schneller DO | Board Member/Employed Physician Trustee or director | 40.89 | $401,285 | $0 | $64,301 |
15 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Barbara Hespen | Pres. Custer Market&System CNO Key employee | 16.5 | $0 | $358,964 | $57,574 |
| Tasha Frisinger | VP of Nursing Key employee | 55 | $319,664 | $0 | $48,698 |
| Mark Longacre until 53124 | VP Operations-Rapid City Market Key employee | 55 | $158,824 | $0 | $22,306 |
| Don Warne MD | Board Member Trustee or director | 0.61 | $36,000 | $0 | $0 |
| Michael Huot MD | Board Member Trustee or director | 0.98 | $14,180 | $0 | $0 |
| Steven Frost MD | Board Member Trustee or director | 0.89 | $3,000 | $0 | $0 |
| Daryl Reinicke | Chair Trustee or director, Officer | 1.94 | $0 | $0 | $0 |
| Holly Lien | Board Member Trustee or director | 0.81 | $0 | $0 | $0 |
| Ross Mckie | Vice Chair Trustee or director, Officer | 1.57 | $0 | $0 | $0 |
| Scott Barbour | Board Member Trustee or director | 1.27 | $0 | $0 | $0 |
| Tom Rau | Board Member Trustee or director | 0.81 | $0 | $0 | $0 |
| Donna Wright | Board Member Trustee or director | 0.72 | $0 | $0 | $0 |
| Dusty Petersen | Board Member Trustee or director | 0.89 | $0 | $0 | $0 |
| Lance Roberts | Board Member Trustee or director | 0.98 | $0 | $0 | $0 |
| Stephanie Forsythe | Board Member Until 02/2025 Trustee or director | 0.26 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 27 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Paulette R Davidson | President & CEO Trustee or director, Officer | 50.82 | $0 | $1,727,313 | $253,482 |
| Joseph Tuma MD | Physician - Cardiology Highest-paid employee | 40 | $1,617,558 | $0 | $139,352 |
| Charan Mungara MD | Physician - Cardiology Highest-paid employee | 40 | $1,539,230 | $0 | $115,852 |
| Bhaskar Purushottam MD | Physician - Cardiology Highest-paid employee | 40 | $1,491,379 | $0 | $150,985 |
| Siri Knutsen Larson MD | Physician - Dermatology Highest-paid employee | 40 | $1,423,594 | $0 | $139,132 |
| Kyle Schmidt MD | Physician - Neurosurgery Highest-paid employee | 40 | $1,391,422 | $0 | $119,835 |
| Brad Archer MD | Chief Medical Officer Trustee or director | 46.59 | $876,666 | $0 | $124,753 |
| Mark A Thompson | CFO/CBDO From 01/2024 Officer | 46.59 | $868,581 | $0 | $49,983 |
| John Pierce | President Rapid City Hospital / Market Key employee | 55 | $722,589 | $0 | $113,854 |
| Patrick Woodard | Chief Healthcare Infor. Officer Key employee | 46.59 | $565,975 | $0 | $65,925 |
| Jacob Weasel MD | Board Member/Employed Physician Trustee or director | 40.58 | $529,711 | $0 | $77,840 |
| Michael Tilles | VP Operations-Rapid City Market Key employee | 55 | $412,329 | $0 | $48,064 |
| Mark Longacre | VP Operations-Rapid City Market Key employee | 55 | $396,927 | $0 | $58,241 |
| Bobbie Schneller MD | Board Member/Employed Physician Trustee or director | 40.96 | $369,327 | $0 | $61,981 |
| Mark Schulte | VP Rapid City Market Key employee | 55 | $364,167 | $0 | $61,453 |
| Austin Willuweit | VP Finance/ CFO From 01/2024 Officer | 46.59 | $340,040 | $0 | $60,239 |
| Tasha Frisinger | VP of Nursing Key employee | 55 | $255,367 | $0 | $54,001 |
| Nicole Kerkenbush-Former Chief | Nursing/Perf Officer Former | 46.59 | $203,850 | $0 | $17,642 |
| Michael Statz MD | Board Member/Employed Medical Director Trustee or director | 40.87 | $146,213 | $0 | $2,472 |
| Steven Frost MD | Board Member Trustee or director | 0.58 | $5,500 | $0 | $0 |
| Daryl Reinicke | Chair Trustee or director, Officer | 1.27 | $0 | $0 | $0 |
| Holly Lien | Board Member Trustee or director | 0.77 | $0 | $0 | $0 |
| Ross Mckie | Board Member Trustee or director | 1.65 | $0 | $0 | $0 |
| Scott Barbour | Board Member Trustee or director | 0.69 | $0 | $0 | $0 |
| Tom Rau | Board Member Trustee or director | 0.77 | $0 | $0 | $0 |
| Col Michelle Schnakenberg | Board Member Trustee or director | 0.48 | $0 | $0 | $0 |
| Dusty Petersen | Board Member Trustee or director | 1.04 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 30 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Paulette R Davidson | President & CEO Trustee or director, Officer | 50.55 | $0 | $1,706,840 | $232,865 |
| Joseph Tuma MD | Physician - Cardiology Highest-paid employee | 40 | $1,612,881 | $0 | $116,463 |
| Bhaskar Purushottam MD | Physician - Cardiology Highest-paid employee | 40 | $1,565,024 | $0 | $129,774 |
| Charan Mungara MD | Physician - Cardiology Highest-paid employee | 40 | $1,560,616 | $0 | $109,131 |
| Siri Knutsen Larson MD | Physician - Dermatology Highest-paid employee | 40 | $1,311,701 | $0 | $130,301 |
| Ethan Levine MD | Physician - Cardiology Highest-paid employee | 40 | $1,228,479 | $0 | $112,182 |
| Brad Archer MD | Chief Medical Officer Trustee or director | 46.33 | $886,440 | $0 | $117,823 |
| John Pierce | President Rapid City Market Key employee | 55 | $745,376 | $0 | $108,781 |
| Mark A Thompson | CFO/Treasurer Officer | 46.33 | $710,030 | $0 | $102,330 |
| Srinivas Gangineni MD | Board Member/Employed Physician Trustee or director | 40.92 | $700,395 | $0 | $86,937 |
| Stephanie Lahr MD | CIO/CMIO until 3/23 Key employee | 46.33 | $658,966 | $0 | $61,673 |
| Teresa Burroff | Gen. Counsel/Secretary until 11/22 Officer | 46.33 | $585,595 | $0 | $66,150 |
| Thomas Worsley | President Spearfish Market Former | 0 | $0 | $582,927 | $64,430 |
| Jacob Weasel MD | Board Member/Employed Physician Trustee or director | 40.92 | $537,616 | $0 | $77,704 |
| Nicole Kerkenbush - Chief | Nursing/Perf Officer Until 06/23 Key employee | 46.33 | $459,144 | $0 | $58,561 |
| Michael Tilles | VP Operations-Rapid City Market Key employee | 55 | $439,729 | $0 | $48,718 |
| Mark Longacre | VP Operations-Rapid City Market Key employee | 55 | $406,756 | $0 | $56,301 |
| Mark Schulte | VP Rapid City Market Key employee | 55 | $379,881 | $0 | $62,811 |
| Michael Latour | System Director of Musculoskeletal Care Key employee | 55 | $199,072 | $0 | $37,715 |
| Tasha Frisinger | VP of Nursing Key employee | 55 | $164,031 | $0 | $40,189 |
| Michael Statz MD | Board Member/Employed Physician Trustee or director | 41.21 | $141,718 | $0 | $2,137 |
| Jay White | Board Member Trustee or director | 0.98 | $75,548 | $0 | $0 |
| Steven Frost MD | Board Member Trustee or director | 1.12 | $2,000 | $0 | $0 |
| Ross Mckie | Chair Trustee or director, Officer | 2.08 | $0 | $0 | $0 |
| Daryl Reinicke | Board Member Trustee or director | 1.48 | $0 | $0 | $0 |
| Scott Barbour | Board Member Trustee or director | 1.21 | $0 | $0 | $0 |
| Dusty Pinske | Board Member Trustee or director | 1.13 | $0 | $0 | $0 |
| Tom Rau | Board Member Trustee or director | 1.12 | $0 | $0 | $0 |
| Deidre Budahl | Board Member Trustee or director | 1.5 | $0 | $0 | $0 |
| Col Michelle Schnakenberg | Board Member From 09/22 Trustee or director | 0.83 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 6000, RAPID CITY, SD 57709-6000
- In care of
- % AUSTIN WILLUWEIT
- Principal officer (990 for 2024)
- Paulette Davidson, 353 Fairmont Blvd PO Box 6000, Rapid City, SD 577096000
- Signed the 990
- Austin Willuweit, CFO
- Phone
- (605) 755-9130
- Website
- www.monument.health
- Return prepared by
- Eide Bailly LLP
Mission
Our vision at Monument Health Rapid City Hospital is to be one team, to listen, to be inclusive, and to show we care. Monument Health Rapid City Hospital is dedicated to improving the health of individuals and our communities.
Program accomplishments
- 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. MHRCH is a community-based health care system with a mission to make a difference, every day. MHRCH also provides patient care at the Behavioral Health Center, Orthopedic and Specialty Hospital, Family Medicine Residency Clinic, Heart and Vascular Institute, Hospice House, Medical Clinics and Urgent Care locations. The Hospital employs physicians through its residency, cardiology, cardiovascular surgery, medical oncology, psychiatry, neurology, hospitalist, orthopedics and other programs.Monument Health Home Plus, LLC provides home care, hospice, pharmacy, and durable medical equipment services to the communities Monument Health serves.Expenses $864,199,254 · grants $440,813 · revenue $1,049,106,576
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 46-0319070
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Hospital or medical research organization
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1974
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E220)
- Assets (IRS master file)
- $1,484,513,220
- Income (IRS master file)
- $1,095,522,101
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,091,839,091 | $1,059,820,826 | $1,484,513,220 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $1,031,704,132 | $986,969,990 | $1,422,455,024 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $912,569,914 | $943,128,785 | $1,355,082,505 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $927,255,627 | $905,882,311 | $1,405,384,189 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-0319070).
Questions about MONUMENT HEALTH RAPID CITY HOSPITAL INC
- What is the EIN of MONUMENT HEALTH RAPID CITY HOSPITAL INC?
- The employer identification number (EIN) of MONUMENT HEALTH RAPID CITY HOSPITAL INC is 46-0319070.
- Is MONUMENT HEALTH RAPID CITY HOSPITAL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
- Are donations to MONUMENT HEALTH RAPID CITY HOSPITAL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MONUMENT HEALTH RAPID CITY HOSPITAL INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MONUMENT HEALTH RAPID CITY HOSPITAL INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MONUMENT HEALTH RAPID CITY HOSPITAL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MONUMENT HEALTH RAPID CITY HOSPITAL INC?
- The 990 for the year ended June 30, 2025 names Paulette Davidson.
- Who are the officers and directors of MONUMENT HEALTH RAPID CITY HOSPITAL INC?
- The 990 for the year ended June 30, 2025 lists 30 people; 19 received compensation from the organization.
- How much revenue does MONUMENT HEALTH RAPID CITY HOSPITAL INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,091,839,091, expenses of $1,059,820,826 and total assets of $1,484,513,220 at year end.
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