MONTROSE MEMORIAL HOSPITAL INC

EIN: 846002707 501(c)(3) Health Care

MONTROSE, CO

Total Revenue
$197,428,506
Total Expenses
$198,800,484
Total Assets
$212,571,376
Net Assets
$129,707,678
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
CO
Phone
9702492211
Tax Period
2024-01-01 to 2024-12-31

MONTROSE MEMORIAL HOSPITAL INC, founded in 2010, is a major nonprofit in the Health Care sector that reported $197.4M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $123,840,912 Revenue: $154,553,967

MONTROSE MEMORIAL HOSPITAL PROVIDES A WIDE VARIETY OF OUTPATIENT SERVICES INCLUDING EMERGENCY ROOM, MEDICAL IMAGING, CARDIOLOGY, PULMONOLOGY, ONCOLOGY, PHYSICAL THERAPY, OCCUPATIONAL THERAPY, SPEECH...

Read more

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, 2024, THE HOSPITAL HAD 143,028 OUTPATIENT VISITS.

Program 2
Expenses: $26,316,194 Revenue: $30,910,793

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...

Read more

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 9,063 INPATIENT DAYS FOR THE YEAR ENDING DECEMBER 31, 2024. MONTROSE MEMORIAL PROVIDES A SIGNIFICANT AMOUNT OF CHARITY CARE AN WROTE OFF $1,468,000 IN CHARGES FOR THE YEAR ENDING DECEMBER 31, 2024.

Program 3
Expenses: $4,644,034 Revenue: $7,727,699

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...

Read more

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.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $856,283
Program Service Revenue $193,192,459
Investment Income $2,398,777
Other Revenue $980,987
TOTAL REVENUE $197,428,506

Expense Breakdown

Grants Paid $73,048
Salaries & Benefits $82,787,552
Fundraising Expenses $0
Program Expenses $154,801,140
Other Expenses $115,939,884
TOTAL EXPENSES $198,800,484

Year-over-Year Comparison

2024 2023 Change
Revenue $197,428,506 $174,821,714 +0.1%
Expenses $198,800,484 $161,934,979 +0.2%
Net Income $-1,371,978 $12,886,735 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
9
Independent Members
9
Employees
867
Volunteers
55

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
5
$413,384
Total Directors
9
$30,155
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARB JUDD SECRETARY END 10/24 V CHAIR BEG 10/24 3.0
Officer Director
$0 $0 $0
MARY VADER DO CHAIRPERSON 3.0
Officer Director
$0 $0 $0
MICHAEL BREZINSKY MD DIRECTOR 3.0
Officer Director
$30,155 $0 $30,155
JACK JOHNSTON DIRECTOR 3.0
Director
$0 $0 $0
KAYE HOTSENPILLER DIRECTOR 3.0
Director
$0 $0 $0
KJERSTEN DAVIS MD DIRECTOR 3.0
Director
$0 $0 $0
REID FISHERING DIRECTOR 3.0
Director
$0 $0 $0
SELVIN SANDOVAL DIRECTOR 3.0
Director
$0 $0 $0
ZANDER PARKER DIRECTOR 3.0
Director
$0 $0 $0
JEFF MENGENHAUSEN CEO (DEEMED OFFICER) 40.0
Officer
$0 $0 $0
PAUL PERROTTI CFO 40.0
Officer
$359,920 $23,309 $383,229
ADDISON WOOD MD PHYSICIAN 40.0
Highest
$958,115 $72,528 $1,030,643
MOJGAN ARASHVAND MD PHYSICIAN 40.0
Highest
$421,180 $17,871 $439,051
RHONDA PARKER MD CHIEF MEDICAL OFFICER 40.0
Highest
$455,171 $60,053 $515,224
SAMUEL HOLMES MD PHYSICIAN 40.0
Highest
$470,005 $378 $470,383
STEVEN EMMONS MD PHYSICIAN 40.0
Highest
$611,906 $74,770 $686,676
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
2024 No data No data No data No data
2024 $197,428,506 $198,800,484 $212,571,376 $-1,371,978
2023 $174,821,714 $161,934,979 $185,527,723 $12,886,735
2022 $158,251,644 $148,364,011 $154,232,412 $9,887,633
2021 $152,320,491 $134,862,155 $162,965,673 $17,458,336
2020 $137,044,245 $123,184,700 $148,708,895 $13,859,545
2019 $129,636,787 $118,314,276 $116,004,640 $11,322,511
2018 $120,017,147 $114,874,797 $102,047,995 $5,142,350
Explore More Nonprofits
Top 100 Nonprofits in Colorado Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare MONTROSE MEMORIAL HOSPITAL INC with other nonprofits in Colorado and across the country.