Skip to content
Nonprofiteer
← MONUMENT HEALTH INC

Form 990 for tax year 2023

Filed by MONUMENT HEALTH INC.

Totals

Total revenue
$2,502,847
Total expenses
$2,654,381
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,502,847
Investment income
$0
Other revenue
$0
Total assets, end of year
$148
Total liabilities, end of year
$624,020
Net assets or fund balances, end of year
-$623,872
Program services expenses (Part IX)
$2,654,381
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$2,654,381

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: Management Fees

    total $2,502,847 · related or exempt $2,502,847

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,029,508 · program services $2,029,508

  • 7 · Other salaries and wages

    total $73,744 · program services $73,744

  • 9 · Other employee benefits

    total $67,333 · program services $67,333

  • 10 · Payroll taxes

    total $41,666 · program services $41,666

  • 11a · Fees: management

    total $104,250 · program services $104,250

  • 11g · Fees: other

    total $26,041 · program services $26,041

  • 13 · Office expenses

    total $25,757 · program services $25,757

  • 17 · Travel

    total $59,387 · program services $59,387

  • 23 · Insurance

    total $4,275 · program services $4,275

  • 24a · Other expenses: Miscellaneous

    total $151,531 · program services $151,531

  • 24b · Other expenses: Interco. Charges

    total $67,512 · program services $67,512

  • 24c · Other expenses: Medical supplies

    total $3,377 · program services $3,377

Balance sheet

Part X, book values.

  • 3 · Pledges and grants receivable

    beginning of year $181 · end of year $148

  • 17 · Accounts payable and accrued expenses

    beginning of year $142,122 · end of year $160,579

  • 25 · Other liabilities

    beginning of year $330,397 · end of year $463,441

  • 27 · Net assets without donor restrictions

    beginning of year -$472,338 · end of year -$623,872

Mission and programs · 2023

Mission

Our vision at Monument Health is to be one team, to listen, to be inclusive, and to show we care. Monument Health is dedicated to improving the health of individuals and our communities.

Activities or mission (Part I)

Monument Health is dedicated to improving the health of individuals and our communities.

  • Monument Health's Board of Directors provides planning and decision making for its supported organizations, Monument Health Rapid City Hospital, Inc., and Monument Health Network, Inc. to best assure services are coordinated among the supported organizations and that all supported organizations are contributing to the achievement of a shared mission. Monument Health's executive administration provides management and other support services to the entire health system.

    Expenses $2,654,381 · Revenue $2,502,847

As filed on the 2023 return.

Listed in Part VII

  • Paulette Davidson

    President and CEO

    Total calculated
    $1,980,795
    From this org
    $1,727,313
    From related orgs
    $0
    Other
    $253,482
    Hours/week
    0.12 + 59.88 related

    Schedule J breakdown matched by us

    Base
    $1,158,268
    Bonus
    $369,600
    Other
    $199,445
    Deferred
    $224,622
    Nontaxable benefits
    $28,860
    Filer's total
    $1,980,795

  • Charles Voigt MD

    Director; Contingent Physician

    Total calculated
    $12,688
    From this org
    $0
    From related orgs
    $12,688
    Other
    $0
    Hours/week
    0.48

  • Lewis Trowbridge

    Director

    Total calculated
    $30,000
    From this org
    $0
    From related orgs
    $30,000
    Other
    $0
    Hours/week
    1.12

  • Donald Warne MD

    Director

    Total calculated
    $30,000
    From this org
    $0
    From related orgs
    $30,000
    Other
    $0
    Hours/week
    0.38

  • Glenn Fosdick

    Director

    Total calculated
    $15,000
    From this org
    $0
    From related orgs
    $15,000
    Other
    $0
    Hours/week
    0.81

  • Paula Santrach MD

    Director

    Total calculated
    $3,750
    From this org
    $0
    From related orgs
    $3,750
    Other
    $0
    Hours/week
    0.38

  • Pat Burchill

    Chairman

    Total calculated
    $0
    Hours/week
    1.33

  • Rick Tysdal

    Director

    Total calculated
    $0
    Hours/week
    0.62

  • Dusty Petersen

    Director

    Total calculated
    $0
    Hours/week
    0.69 + 1.04 related

  • Dave Emery

    Vice Chair

    Total calculated
    $0
    Hours/week
    1.21

  • Robert Haivala

    Director

    Total calculated
    $0
    Hours/week
    0.48

  • Donald Habbe

    Director

    Total calculated
    $0
    Hours/week
    0.48

  • Deidre Budahl

    Director

    Total calculated
    $0
    Hours/week
    1.02

  • Mark A Thompson

    CFO/CBDO From 01/2024

    Total calculated
    $918,564
    From this org
    $0
    From related orgs
    $868,581
    Other
    $49,983
    Hours/week
    0.11 + 54.89 related

    Schedule J breakdown matched by us

    Base
    $0 + $593,215 related
    Bonus
    $0 + $116,600 related
    Other
    $0 + $158,766 related
    Deferred
    $0 + $25,504 related
    Nontaxable benefits
    $0 + $24,478 related
    Filer's total
    $0 + $918,563 related

  • Austin Willuweit

    VP Finance/CFO From 01/2024

    Total calculated
    $400,279
    From this org
    $0
    From related orgs
    $340,040
    Other
    $60,239
    Hours/week
    0.11 + 54.89 related

    Schedule J breakdown matched by us

    Base
    $0 + $264,550 related
    Bonus
    $0 + $50,700 related
    Other
    $0 + $24,790 related
    Deferred
    $0 + $27,071 related
    Nontaxable benefits
    $0 + $33,168 related
    Filer's total
    $0 + $400,279 related

  • Patrick Woodard

    Chief Healthcare Information Officer

    Total calculated
    $631,900
    From this org
    $0
    From related orgs
    $565,975
    Other
    $65,925
    Hours/week
    0.11 + 54.89 related

    Schedule J breakdown matched by us

    Base
    $0 + $426,049 related
    Bonus
    $0 + $65,528 related
    Other
    $0 + $74,398 related
    Deferred
    $0 + $57,376 related
    Nontaxable benefits
    $0 + $8,549 related
    Filer's total
    $0 + $631,900 related

  • Brad Archer MD

    Chief Medical Officer

    Total calculated
    $1,001,419
    From this org
    $0
    From related orgs
    $876,666
    Other
    $124,753
    Hours/week
    0.11 + 54.89 related

    Schedule J breakdown matched by us

    Base
    $0 + $643,589 related
    Bonus
    $0 + $148,000 related
    Other
    $0 + $85,077 related
    Deferred
    $0 + $98,862 related
    Nontaxable benefits
    $0 + $25,891 related
    Filer's total
    $0 + $1,001,419 related

  • Barbara Hespen

    President Custer Market/System CNO

    Total calculated
    $328,806
    From this org
    $0
    From related orgs
    $276,143
    Other
    $52,663
    Hours/week
    0.11 + 54.89 related

    Schedule J breakdown matched by us

    Base
    $0 + $222,768 related
    Bonus
    $0 + $37,700 related
    Other
    $0 + $15,675 related
    Deferred
    $0 + $23,781 related
    Nontaxable benefits
    $0 + $28,881 related
    Filer's total
    $0 + $328,805 related

  • Nicole Kerkenbush

    Former CNPO/Performance Officer

    Total calculated
    $221,492
    From this org
    $0
    From related orgs
    $203,850
    Other
    $17,642
    Hours/week
    0.11 + 54.89 related

    Schedule J breakdown matched by us

    Base
    $0 + $169,529 related
    Bonus
    $0
    Other
    $0 + $34,321 related
    Deferred
    $0 + $15,612 related
    Nontaxable benefits
    $0 + $2,030 related
    Filer's total
    $0 + $221,492 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 1a
Country club dues are paid in the name of the CEO, however the benefit is shared with other executives and is used for business purposes.
Part I, Line 4b
Monument Health provides a supplemental nonqualified retirement plan and a flexible benefit plan that can include deferred compensation for its executives. The following individuals had amounts deferred into the account as reported in column C on Schedule J: Paulette Davidson $209,620 Brad Archer, MD $84,592 Patrick Woodard $44,176 Austin Willuweit $13,920 Nicole Kerkenbush $6,342 Barbara Hespen $15,471 The following individuals had supplemental non-qualified retirement plan amounts included in schedule J, column B(iii) that were previously reported as deferred compensation on Form 990. These amounts are identified in Schedule J, column f. Paulette Davidson $176,555 Brad Archer, MD $71,687 Mark Thompson $150,096 Austin Willuweit $10,653 Nicole Kerkenbush $27,979
Part I, Line 7
Executives and other employees of system entities will be eligible to receive annual incentive awards that are competitive with the incentives offered by the organizations in the system's peer group(s) in accordance with the terms of the Monument Health, Inc. annual incentive plan for selected executives and other employees (incentive plan). In accordance with this plan, the board's executive committee reviews and approves all incentive compensation performance measures and all awards, if any. The committee ensures that the total compensation, including incentive awards, is reasonable.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202511359349302141

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.