Monument Health Rapid City Hospital Inc (EIN 460319070) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1973

Legal Domicile

Principal Officer

Paulette Davidson

Phone

6057559130

Tax Period

2024-07-01 to 2025-06-30

RAPID CITY REGIONAL HOSPITAL INC, founded in 1973, is a major nonprofit in the Health Care sector that reported $745.4M in total revenue in fiscal year 2017. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $699.0M left a modest 6% surplus.

Mission

Improving the health of individuals and our communities.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,489,255

Program Service Revenue $1,062,272,909

Investment Income $25,105,708

Other Revenue $971,219

TOTAL REVENUE $1,091,839,091

Expense Breakdown

Grants Paid $440,813

Salaries & Benefits $441,967,799

Fundraising Expenses $1,547,752

Program Expenses $864,199,254

Other Expenses $617,412,214

TOTAL EXPENSES $1,059,820,826

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,091,839,091	$1,031,704,132	+0.1%
Expenses	$1,059,820,826	$986,969,990	+0.1%
Net Income	$32,018,265	$44,734,142	-0.3%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

5235

Volunteers

203

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$3,367,079

Total Directors

$4,391,267

Key Employees

$3,575,697

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paulette R Davidson	President & CEO	51.30	Officer Director	$0	$267,590	$2,199,697
Brad Archer MD	Chief Medical Officer	47.11	Director	$972,031	$134,035	$1,106,066
Bobbie Schneller DO	Board Member/Employed Physician	40.89	Director	$401,285	$64,301	$465,586
Steven Frost MD	Board Member	0.89	Director	$3,000	$0	$3,000
Daryl Reinicke	Chair	1.94	Officer Director	$0	$0	$0
Holly Lien	Board Member	0.81	Director	$0	$0	$0
Ross Mckie	Vice Chair	1.57	Officer Director	$0	$0	$0
Scott Barbour	Board Member	1.27	Director	$0	$0	$0
Tom Rau	Board Member	0.81	Director	$0	$0	$0
Donna Wright	Board Member	0.72	Director	$0	$0	$0
Dusty Petersen	Board Member	0.89	Director	$0	$0	$0
Michael Huot MD	Board Member	0.98	Director	$14,180	$0	$14,180
Lance Roberts	Board Member	0.98	Director	$0	$0	$0
Don Warne MD	Board Member	0.61	Director	$36,000	$0	$36,000
Stephanie Forsythe	Board Member Until 02/2025	0.26	Director	$0	$0	$0
Jacob Weasel MD	Board Member/Employed Physician	40.00	Director	$494,488	$72,250	$566,738
Mark A Thompson	Chief Bus Dev Officer Until 12/2024	47.02	Officer	$505,374	$49,245	$554,619
Austin Willuweit	Chief Financial Officer	47.02	Officer	$528,595	$84,168	$612,763
John Pierce	President Rapid City Hospital and Market	55.00	Key Emp	$822,063	$121,912	$943,975
Michael Tilles	VP Operations-Rapid City Market	55.00	Key Emp	$453,907	$48,897	$502,804
Mark Longacre until 53124	VP Operations-Rapid City Market	55.00	Key Emp	$158,824	$22,306	$181,130
Mark Schulte	VP Rapid City Market	55.00	Key Emp	$411,968	$62,831	$474,799
Tasha Frisinger	VP of Nursing	55.00	Key Emp	$319,664	$48,698	$368,362
Patrick Woodard	Chief Information Officer	47.02	Key Emp	$621,118	$66,971	$688,089
Barbara Hespen	Pres. Custer Market&System CNO	16.50	Key Emp	$0	$57,574	$416,538
Joseph Tuma MD	Physician - Cardiology	40.00	Highest	$1,889,073	$140,510	$2,029,583
Charan Mungara MD	Physician - Cardiology	40.00	Highest	$1,394,909	$107,917	$1,502,826
Bhaskar Purushottam MD	Physician - Cardiology	40.00	Highest	$1,471,104	$140,912	$1,612,016
Siri Knutsen Larson MD	Physician - Dermatology	40.00	Highest	$1,442,327	$150,006	$1,592,333
Ethan Levine MD	Physician - Cardiology	40.00	Highest	$1,559,974	$113,818	$1,673,792

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$1,091,839,091	$1,059,820,826	$1,484,513,220	$32,018,265
2024	$1,031,704,132	$986,969,990	$1,422,455,024	$44,734,142
2023	$912,569,914	$943,128,785	$1,355,082,505	$-30,558,871
2022	$927,255,627	$905,882,311	$1,405,384,189	$21,373,316
2021	$951,840,989	$899,932,928	$1,522,340,119	$51,908,061
2020	$799,060,312	$767,301,675	$1,290,053,350	$31,758,637
2019	$808,573,292	$758,753,926	$1,161,098,499	$49,819,366
2018	$745,445,350	$699,034,431	$1,131,251,656	$46,410,919

Monument Health Rapid City Hospital Inc