Montrose Memorial Hospital
Also known as Montrose Regional Health
Montrose Memorial Hospital reported $197.4 million in revenue and $198.8 million in expenses for calendar year 2024. Of every $100 it spent, $77.87 went to program services, $22.13 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 97.9% of the total. The highest compensation it reported for one person was $1,030,643 (PHYSICIAN). 152 people received more than $100,000 in reportable compensation. Revenue rose 52% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $199MFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $197MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 77.9% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 22.1% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.4% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.1% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 97.9% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $1,030,643 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.52% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 152 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 7.8 | 6.6 |
| Independent voting board members Part VI 1a–1b | 9 of 9 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseMontrose 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
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
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…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PHYSICIAN Highest compensated employee, 40.0 hrs/week | $958,115 | $0 | $72,528 | $1,030,643 |
| PHYSICIAN Highest compensated employee, 40.0 hrs/week | $611,906 | $0 | $74,770 | $686,676 |
| CHIEF MEDICAL OFFICER Highest compensated employee, 40.0 hrs/week | $455,171 | $0 | $60,053 | $515,224 |
| PHYSICIAN Highest compensated employee, 40.0 hrs/week | $470,005 | $0 | $378 | $470,383 |
| PHYSICIAN Highest compensated employee, 40.0 hrs/week | $421,180 | $0 | $17,871 | $439,051 |
| CFO Officer, 40.0 hrs/week | $359,920 | $0 | $23,309 | $383,229 |
| DIRECTOR Director/trustee, officer, 3.0 hrs/week | $30,155 | $0 | $0 | $30,155 |
152 people received more than $100,000 in reportable compensation from Montrose Memorial Hospital (Part VII, line 2). Compensation of current officers, directors and key employees totaled $413K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b9 · 9 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5867
- Volunteers Part I, line 655
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| INTERMOUNTAIN HEALTH Radiation services | $6,580,122 |
| HEALTHTRUST WORKFORCE SOLUTIONS Workforce solutions | $3,386,183 |
| MEDEFIS Workforce system | $1,901,471 |
| COMMUNITY HOSPITAL CORPORATION Consulting | $1,122,716 |
| HOSPITAL SHARED SERVICES Security | $868,213 |
Individuals listed as contractors are left out. 13 contractors were paid more than $100,000 in all.
Private foundation grants it received
2 private foundations reported grants to Montrose Memorial Hospital totaling $5,000 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Montrose Memorial Hospital's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Montrose Memorial Hospital, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Montrose Memorial Hospital spent in 2024, $77.87 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Civista Medical CenterLa Plata, MD · revenue $197M · programs 74.3% · FY2025
- Sierra Health Foundation Center for Health Program ManagementSacramento, CA · revenue $197M · programs 96.3% · 2024
- Texas Health Hospital FriscoFrisco, TX · revenue $197M · programs 74.6% · 2024
- Norton Healthcare-IndianaLouisville, KY · revenue $198M · programs 98.2% · 2024
- Johnston Memorial HospitalJohnson City, TN · revenue $196M · programs 83.8% · FY2025
Questions people ask
How much of Montrose Memorial Hospital's spending goes to programs?
In calendar year 2024, Montrose Memorial Hospital reported that 77.9% of its $198.8 million in expenses went to program services, 22.1% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Montrose Memorial Hospital pay its top executive?
The largest total compensation Montrose Memorial Hospital reported for one person in calendar year 2024 was $1,030,643, for the role of PHYSICIAN (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Montrose Memorial Hospital get its money?
Of $197.4 million in revenue in calendar year 2024, 0.4% came from contributions and grants (including 0.1% from government grants) and 97.9% from program service revenue (Form 990, Part VIII).
Is Montrose Memorial Hospital a registered charity?
The IRS lists EIN 84-6002707 as a 501(c)(3) organization (hospital or medical research organization), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024 (amended), object 202600169349300120 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202443209349305744 · read the filing
- 2022: Form 990 for calendar year 2022, object 202303129349303445 · read the filing
- 2021: Form 990 for calendar year 2021, object 202223079349302822 · read the filing
- 2020: Form 990 for calendar year 2020, object 202113059349301651 · read the filing
- 2019: Form 990 for calendar year 2019, object 202042759349301704 · read the filing
All filings for EIN 84-6002707: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.