Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $658,040

• 1f · All other contributions, gifts and grants

  $42,970

• 2a · Program service revenue: Acute Care Hospital IP and OP

  total $144,221,781 · related or exempt $144,221,781

• 2b · Program service revenue: Physician Clinics

  total $49,733,089 · related or exempt $49,733,089

• 2c · Program service revenue: Long Term Care Facilities

  total $4,504,999 · related or exempt $4,504,999

• 2f · All other program service revenue

  total $11,476,403 · related or exempt $11,399,079 · unrelated business $77,324

• 3 · Investment income

  total $132 · excluded $132

• 6a · Gross rents

  real property $34,548

• 6b · Less rental expenses

  real property $10,385

• 6c · Rental income or loss

  real property $24,163

• 6d · Net rental income or loss

  total $24,163 · excluded $24,163

• 7a · Gross sales of assets other than inventory

  other assets $1,407

• 7b · Less cost or other basis and sales expenses

  other assets $0

• 7c · Gain or loss

  other assets $1,407

• 7d · Net gain or loss

  total $1,407 · excluded $1,407

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $383,756 · program services $383,756

• 5 · Compensation of officers, directors and key employees

  total $2,405,993 · program services $1,195,064 · management and general $1,210,929

• 7 · Other salaries and wages

  total $86,203,249 · program services $78,804,039 · management and general $7,399,210

• 8 · Pension plan contributions

  total $2,687,655 · program services $2,426,496 · management and general $261,159

• 9 · Other employee benefits

  total $15,546,924 · program services $14,036,233 · management and general $1,510,691

• 10 · Payroll taxes

  total $5,366,184 · program services $4,807,365 · management and general $558,819

• 11a · Fees: management

  total $33,570 · management and general $33,570

• 11b · Fees: legal

  total $58,018 · management and general $58,018

• 11c · Fees: accounting

  total $63,950 · management and general $63,950

• 11d · Fees: lobbying

  total $17,261 · management and general $17,261

• 11g · Fees: other

  total $13,518,115 · program services $13,273,248 · management and general $244,867

• 12 · Advertising and promotion

  total $122,133 · program services $1,954 · management and general $120,179

• 13 · Office expenses

  total $2,900,904 · program services $2,290,489 · management and general $610,415

• 14 · Information technology

  total $1,191,300 · program services $964,648 · management and general $226,652

• 16 · Occupancy

  total $5,410,753 · program services $2,894,872 · management and general $2,515,881

• 17 · Travel

  total $391,948 · program services $350,438 · management and general $41,510

• 20 · Interest

  total $921,548 · program services $921,538 · management and general $10

• 22 · Depreciation, depletion and amortization

  total $7,083,311 · program services $6,568,630 · management and general $514,681

• 23 · Insurance

  total $869,110 · program services $224,247 · management and general $644,863

• 24a · Other expenses: Interco supplies/servic

  total $28,093,520 · program services $3,917,763 · management and general $24,175,757

• 24b · Other expenses: Medical Supplies

  total $27,361,375 · program services $27,309,537 · management and general $51,838

• 24c · Other expenses: Miscellaneous

  total $129,277 · program services $85,944 · management and general $43,333

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year -$11,885,333 · end of year $4,924,404

• 4 · Accounts receivable

  beginning of year $25,437,522 · end of year $24,650,265

• 8 · Inventories for sale or use

  beginning of year $2,575,596 · end of year $3,220,393

• 9 · Prepaid expenses and deferred charges

  beginning of year $997,316 · end of year $859,689

• 10a · Land, buildings and equipment: cost or other basis

  $142,914,609

• 10b · Land, buildings and equipment: accumulated depreciation

  $79,292,577

• 10c · Land, buildings and equipment, net

  beginning of year $65,317,379 · end of year $63,622,032

• 12 · Investments: other securities

  beginning of year $435,200 · end of year $1,497,372

• 13 · Investments: program-related

  end of year $28,698

• 14 · Intangible assets

  beginning of year $54,656 · end of year $54,656

• 15 · Other assets

  beginning of year $46,695,149 · end of year $40,063,655

• 17 · Accounts payable and accrued expenses

  beginning of year $19,256,475 · end of year $18,109,740

• 25 · Other liabilities

  beginning of year $43,131,218 · end of year $43,532,848

• 27 · Net assets without donor restrictions

  beginning of year $66,889,254 · end of year $76,888,282

• 28 · Net assets with donor restrictions

  beginning of year $350,538 · end of year $390,294

The filer's explanations (Part III)

Part I, Line 3

The Executive Committee, which is a committee of the Monument Health (parent) Board, reviews and approves base salary and total compensation ranges for all executives within the Monument Health System.

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 Schedule J, column C: Paulette Davidson $190,512 Ray Jensen MD $105,975 Brad Archer MD $81,209 Andrew VanOsdol MD $55,061 Mark Thompson $52,744 Wesley Badger $44,998 Nicole Kerkenbush $42,892 Heather Brewer MD $34,872 Stephanie Lahr MD $31,868 Christopher Milnes $28,777 Teresa Burroff $26,447 Thomas Worsley $21,824 Jason Knudson $16,396 Mark Schmidt $13,592 Barbara Hespen $7,380 Mark Schulte $14,388 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 $168,800 Stephanie Lahr MD $82,150 Ray Jensen MD $75,063 Brad Archer MD $64,571 Mark Thompson $48,608 Teresa Burroff $45,673 Heather Brewer MD $36,427 Andrew VanOsdol MD $30,551 Nicole Kerkenbush $22,921 Jason Knudson MD $20,212 Thomas Worsley $17,508 Mark Schmidt $14,327 Mark Schulte $18,331

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 parent 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.

Related partnerships

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

• Medical & Dental Building

  Medical Office Bldg · SD

• Same Day Surgery Center

  Medical services · SD