Totals
- Total revenue
- $158,251,644
- Total expenses
- $148,364,011
- Contributions and grants received
- $7,182,506
- Grants paid
- $41,567
- Program service revenue
- $148,883,231
- Investment income
- $1,034,870
- Other revenue
- $1,151,037
- Total assets, end of year
- $154,232,412
- Total liabilities, end of year
- $38,556,167
- Net assets or fund balances, end of year
- $115,676,245
- Program services expenses (Part IX)
- $113,011,335
- Management and general expenses
- $35,352,676
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $113,011,335
Program services were 76.2% 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.
-
1e · Government grants (contributions)
$6,875,734
-
1f · All other contributions, gifts and grants
$306,772
-
2a · Program service revenue: Net Patient service Revenue
total $147,275,348 · related or exempt $147,275,348
-
2b · Program service revenue: Income on equity Investees
total $1,603,293 · related or exempt $1,603,293
-
2c · Program service revenue: OTHER PROGRAM SERVICE REVENUE
total $4,590 · related or exempt $4,590
-
3 · Investment income
total $1,124,590 · excluded $1,124,590
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $128,722
-
6c · Rental income or loss
real property $128,722 · personal property $0
-
6d · Net rental income or loss
total $128,722 · excluded $128,722
-
7a · Gross sales of assets other than inventory
securities $1,303,029
-
7b · Less cost or other basis and sales expenses
securities $1,295,845 · other assets $96,904
-
7c · Gain or loss
securities $7,184 · other assets -$96,904
-
7d · Net gain or loss
total -$89,720 · excluded -$89,720
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Cafeteria & Vending Revenue
total $797,106 · excluded $797,106
-
11b · Other revenue: Other Income
total $225,209 · related or exempt -$7,038 · excluded $232,247
-
11e · Other revenue, total
$1,022,315
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $41,567 · program services $41,567
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $471,290 · program services $249,803 · management and general $221,487
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $54,634,612 · program services $40,934,898 · management and general $13,699,714
-
8 · Pension plan contributions
total $1,047,823 · program services $736,463 · management and general $311,360
-
9 · Other employee benefits
total $4,406,504 · program services $3,343,508 · management and general $1,062,996
-
10 · Payroll taxes
total $4,312,137 · program services $2,832,559 · management and general $1,479,578
-
11a · Fees: management
total $868,057 · management and general $868,057
-
11b · Fees: legal
total $526,264 · management and general $526,264
-
11c · Fees: accounting
total $175,070 · management and general $175,070
-
11d · Fees: lobbying
total $2,053 · management and general $2,053
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $27,352,536 · program services $23,011,833 · management and general $4,340,703
-
12 · Advertising and promotion
total $207,616 · program services $5,500 · management and general $202,116
-
13 · Office expenses
total $6,747,844 · program services $3,477,973 · management and general $3,269,871
-
14 · Information technology
total $14,587 · management and general $14,587
-
15 · Royalties
total $0
-
16 · Occupancy
total $1,288,904 · program services $21,766 · management and general $1,267,138
-
17 · Travel
total $144,627 · management and general $144,627
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $27,863 · management and general $27,863
-
20 · Interest
total $333,171 · program services $192,691 · management and general $140,480
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $4,906,474 · program services $2,837,688 · management and general $2,068,786
-
23 · Insurance
total $1,298,521 · program services $802,525 · management and general $495,996
-
24a · Other expenses: Medical Supplies
total $25,059,267 · program services $24,640,202 · management and general $419,065 · fundraising $0
-
24b · Other expenses: Provider Fee
total $6,965,378 · program services $6,965,378
-
24c · Other expenses: Repairs & Maintenance
total $6,253,690 · program services $2,826,402 · management and general $3,427,288
-
24d · Other expenses: Contract Settlement
total $81,704 · management and general $81,704
-
24e · All other expenses
total $1,196,452 · program services $90,579 · management and general $1,105,873
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $33,123,500 · end of year $26,992,119
-
2 · Savings and temporary cash investments
beginning of year $8,137,725 · end of year $14,256,447
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $22,670,510 · end of year $20,925,609
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $977,355 · end of year $908,099
-
8 · Inventories for sale or use
beginning of year $5,750,747 · end of year $4,301,570
-
9 · Prepaid expenses and deferred charges
beginning of year $1,613,315 · end of year $1,539,090
-
10a · Land, buildings and equipment: cost or other basis
$120,054,935
-
10b · Land, buildings and equipment: accumulated depreciation
$79,267,259
-
10c · Land, buildings and equipment, net
beginning of year $38,704,502 · end of year $40,787,676
-
11 · Investments: publicly traded securities
beginning of year $47,560,919 · end of year $37,845,505
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $4,427,100 · end of year $5,012,369
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $1,663,928
-
17 · Accounts payable and accrued expenses
beginning of year $29,264,532 · end of year $20,750,806
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $6,875,734 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $17,445,593 · end of year $16,141,433
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $1,663,928
-
27 · Net assets without donor restrictions
beginning of year $108,921,002 · end of year $115,421,980
-
28 · Net assets with donor restrictions
beginning of year $458,812 · end of year $254,265
Mission and programs · 2022
Mission
IT IS THE MISSION OF MONTROSE MEMORIAL HOSPITAL TO PROVIDE HEALTHCARE SERVICES TO OUR COMMUNITIES WITH EXCELLENT SERVICE, COMPASSION AND FISCAL RESPONSIBILITY.
-
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 6,573 INPATIENT DAYS FOR THE YEAR ENDING DECEMBER 31, 2022. MONTROSE MEMORIAL PROVIDES A SIGNIFICANT AMOUNT OF CHARITY CARE AN WROTE OFF $5,558,390 IN CHARGES FOR THE YEAR ENDING DECEMBER 31, 2022.
Expenses $20,342,040 · Grants $7,482 · Revenue $27,084,226
-
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, 2022 THE HOSPITAL HAD 164,481 OUTPATIENT VISITS.
Expenses $90,409,068 · Grants $33,254 · Revenue $119,026,187
-
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.
Expenses $2,260,227 · Grants $831 · Revenue $2,765,780
As filed on the 2022 return.
Listed in Part VII
-
STEVEN EMMONS
PHYSICIAN
- Total calculated
- $656,904
- From this org
- $617,704
- From related orgs
- $0
- Other
- $39,200
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $575,000
- Bonus
- $40,000
- Other
- $2,704
- Deferred
- $12,200
- Nontaxable benefits
- $27,000
- Filer's total
- $656,904
-
VIRGINIA TJAN
PHYSICIAN
- Total calculated
- $644,896
- From this org
- $592,407
- From related orgs
- $0
- Other
- $52,489
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $569,703
- Bonus
- $20,000
- Other
- $2,704
- Deferred
- $12,200
- Nontaxable benefits
- $40,289
- Filer's total
- $644,896
-
MICHAEL BERGEN
PHYSICIAN
- Total calculated
- $637,921
- From this org
- $576,068
- From related orgs
- $0
- Other
- $61,853
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $563,364
- Bonus
- $10,000
- Other
- $2,704
- Deferred
- $12,200
- Nontaxable benefits
- $49,653
- Filer's total
- $637,921
-
RILEY FOREMAN
PHYSICIAN
- Total calculated
- $637,460
- From this org
- $587,821
- From related orgs
- $0
- Other
- $49,639
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $572,548
- Bonus
- $9,250
- Other
- $6,023
- Deferred
- $12,200
- Nontaxable benefits
- $37,439
- Filer's total
- $637,460
-
LUTHER WEATHERS
PHYSICIAN
- Total calculated
- $631,135
- From this org
- $580,225
- From related orgs
- $0
- Other
- $50,910
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $566,802
- Bonus
- $9,250
- Other
- $4,173
- Deferred
- $12,200
- Nontaxable benefits
- $38,710
- Filer's total
- $631,135
-
YVONNE WIGINGTON
CFO
- Total calculated
- $442,975
- From this org
- $373,206
- From related orgs
- $0
- Other
- $69,769
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $318,122
- Bonus
- $53,801
- Other
- $1,283
- Deferred
- $12,200
- Nontaxable benefits
- $57,569
- Filer's total
- $442,975
-
MICHAEL BREZINSKY MD
SECRETARY/TREASURER
- Total calculated
- $28,315
- From this org
- $28,315
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
RYAN GILBERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
ALFRED GILCHRIST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
JOEL LEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
KJERSTEN DAVIS DMV
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
MARY VADER DO
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 3
-
REID FISHERING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
SARAH ABBOTT
VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 3
-
KAY HOTSENPILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
BARB JUDD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
ZANDER PARKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
SELVIN SANDOVAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
JEFF MENGENHAUSEN
CEO (DEEMED OFFICER)
- Total calculated
- $0
- Hours/week
- 40
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
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 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)
- SCHEDULE J, PART I, LINE 7
- THE CEO IS ELIGIBLE FOR A BONUS FOR UP TO 30% OF HIS BASE SALARY. THE BOARD ESTABLISHES ACCOUNTABILITY GOALS FOR THE CEO. THE INCENTIVE COMPENSATION IS AT THE SOLE DISCRETION OF THE BOARD.
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
-
To Support Program
-
To Support Program
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.
-
SURGERY CENTE · CO · 51% owned · share of income $2,504,754 · share of assets $2,329,557 · general or managing partner
Directly controlled by SEE PART VII
-
CANCER CENTER · CO · 33.333% owned · share of income $1,202,997 · share of assets $1,623,055
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 6 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303129349303445
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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