Nonprofit · EIN 46-0360899
MONUMENT HEALTH NETWORK INC
Tax-exempt · RAPID CITY, SD 57709
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $221,066,489 | $211,943,556 | $9,122,933 | $180,616,102 | $75,630,743 | $104,985,359 |
| June 30, 2024 | 990 | $220,042,314 | $205,549,800 | $14,492,514 | $160,854,015 | $69,300,423 | $91,553,592 |
| June 30, 2023 | 990 | $210,662,984 | $200,759,854 | $9,903,130 | $138,921,164 | $61,642,588 | $77,278,576 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $164,438
- of which government grants
- $146,442
- Program service revenue
- $220,887,528
- Investment income
- -$10,901
- Net rental income
- $25,424
- Net gain from sales of assets
- -$13,009
- Other revenue
- $25,424
Expenses
- Grants and similar amounts paid
- $272,898
- Compensation of officers, directors and key employees
- $2,575,022
- Other salaries and wages
- $93,670,068
- Salaries, compensation and benefits (total)
- $118,623,259
- Professional fundraising fees
- $0
- Legal fees
- $124,807
- Accounting fees
- $72,047
- Occupancy
- $6,227,566
- Travel
- $427,024
- Depreciation
- $6,861,454
- Program services (functional)
- $170,429,474
- Management and general (functional)
- $41,514,082
Balance sheet and other
- Total assets, start of year
- $160,854,015
- Total assets, end of year
- $180,616,102
- Total liabilities, end of year
- $75,630,743
- Net assets, end of year
- $104,985,359
- Land, buildings and equipment
- $87,096,224
- Net assets without donor restrictions
- $104,544,523
- Net assets with donor restrictions
- $440,836
- Gross unrelated business income
- $873,812
- Gross receipts
- $221,088,622
- Employees
- 1,321
- Volunteers
- 69
- Year formed
- 1981
- State of legal domicile
- SD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Ray Jensen MD | Physician - Orthopedic Surgery Highest-paid employee | 40 | $2,825,325 | $0 | $142,227 |
| Paulette Davidson | President and CEO Trustee or director, Officer | 8.59 | $0 | $1,932,107 | $267,590 |
| Andrew VanOsdol MD | Physician - Surgery Highest-paid employee | 40 | $1,104,189 | $0 | $108,583 |
| Garrett Cox MD | Physician - Radiologist Highest-paid employee | 40 | $1,042,592 | $0 | $105,838 |
| Christopher Milnes MD | Physician - Radiologist Highest-paid employee | 40 | $1,041,824 | $0 | $96,432 |
| Brad Archer MD | Chief Medical Officer Key employee | 7.89 | $0 | $972,031 | $134,035 |
| Richard Little MD | Physician -Surgery Highest-paid employee | 40 | $1,024,627 | $0 | $51,318 |
| Thomas Worsley | Pres Spearfish Hosp/Hills Market Key employee | 55 | $622,449 | $0 | $84,195 |
| Patrick Woodard | Chief Information Officer Key employee | 7.88 | $0 | $621,118 | $66,971 |
| Heather Brewer MD | Board member/Employed Physician Trustee or director | 40.45 | $581,316 | $0 | $87,360 |
| Austin Willuweit | Chief Financial Officer Officer | 7.88 | $0 | $528,595 | $84,168 |
| Mark A Thompson | Chief Bus Dev Officer Until 12/24 Officer | 7.88 | $0 | $505,374 | $49,245 |
| Mark Schulte | VP Rapid City Market Former | 0 | $0 | $411,968 | $62,931 |
| Mark Schmidt | Pres Sturgis, Lead-Deadwood Market Key employee | 55 | $381,304 | $0 | $50,662 |
| Barbara Hespen | Pres Custer Market/System CNO Key employee | 38.5 | $358,964 | $0 | $57,574 |
7 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jason Knudson MD | Board Member/Employed Physician Trustee or director | 40.45 | $305,295 | $69,613 |
| Charles Lewis DO | Board Member/Employed Physician Trustee or director | 40.32 | $201,784 | $5,045 |
| Kathryn Johnson | Board member-Chair Trustee or director, Officer | 1.28 | $0 | $0 |
| Fred Lamphere | Board member Trustee or director | 0.45 | $0 | $0 |
| John Williams | Board member Trustee or director | 0.38 | $0 | $0 |
| Phillip Abernathy | Board Member From 07/2024 Trustee or director | 0.52 | $0 | $0 |
| Shauna Junek | Board member From 10/2024 Trustee or director | 0.38 | $0 | $0 |
990 for the year ended June 30, 2024: 24 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Paulette Davidson | President and CEO Trustee or director, Officer | 9.06 | $0 | $1,727,313 | $253,482 |
| Ray Jensen MD | Physician - Orthopedic Surgery Highest-paid employee | 40 | $1,828,915 | $0 | $144,747 |
| Andrew VanOsdol MD | Physician - Surgery Highest-paid employee | 40 | $1,041,404 | $0 | $110,800 |
| Christopher Milnes MD | Physician - Radiologist Highest-paid employee | 40 | $993,291 | $0 | $90,244 |
| Wesley Badger | Physician -Surgery Highest-paid employee | 40 | $977,339 | $0 | $81,081 |
| Garrett Cox | Physician - Radiologist Highest-paid employee | 40 | $913,713 | $0 | $109,034 |
| Brad Archer MD | Chief Medical Officer Key employee | 8.3 | $0 | $876,666 | $124,753 |
| Mark A Thompson | CFO/CBDO From 01/2024 Officer | 8.3 | $0 | $868,581 | $49,983 |
| Thomas Worsley | Pres Spearfish Hosp/Hills Markets Key employee | 55 | $568,278 | $0 | $91,157 |
| Patrick Woodard | Chief Healthcare Infor. Officer Key employee | 8.3 | $0 | $565,975 | $65,925 |
| Heather Brewer MD | Board member/Employed Physician Trustee or director | 40.87 | $533,301 | $0 | $86,595 |
| Mark Schulte | VP Rapid city market Former | 0 | $0 | $364,167 | $61,453 |
| Jason Knudson | Board Member/Employed Physician Trustee or director | 40.58 | $352,432 | $0 | $71,517 |
| Mark Schmidt | Pres Sturgis, Lead-Deadwood Market Key employee | 55 | $352,841 | $0 | $51,319 |
| Austin Willuweit | VP Finance/CFO from 01/2024 Officer | 8.3 | $0 | $340,040 | $60,239 |
| Barbara Hespen | Pres Custer Market/System CNO Key employee | 46.59 | $276,143 | $0 | $52,663 |
| Charles Lewis DO | Board Member/Employed Physician Trustee or director | 40.29 | $255,264 | $0 | $19,951 |
| Nicole Kerkenbush | Former-CNPO/Performance Officer Former | 8.3 | $0 | $203,850 | $17,642 |
| Kathryn Johnson | Board member-Chair Trustee or director, Officer | 1.19 | $0 | $0 | $0 |
| Steven Williams | Board Member Until 12/2023 Trustee or director | 0.29 | $0 | $0 | $0 |
| Dan Liekvold | Board member Trustee or director | 0.29 | $0 | $0 | $0 |
| Kenneth Meirose | Board Member Trustee or director | 0.83 | $0 | $0 | $0 |
| Fred Lamphere | Board member Trustee or director | 0.29 | $0 | $0 | $0 |
| John Williams | Board member From 12/2023 Trustee or director | 0.38 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 23 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Paulette Davidson | President and CEO Trustee or director, Officer | 9.35 | $0 | $1,706,840 | $232,865 |
| Ray Jensen MD | Physician - Orthopedic Surgery Highest-paid employee | 40 | $1,589,428 | $0 | $153,174 |
| Andrew VanOsdol MD | Physician - Surgery Highest-paid employee | 40 | $1,031,739 | $0 | $102,504 |
| Brad Archer MD | Chief Medical Officer Key employee | 8.57 | $0 | $886,440 | $117,823 |
| Richard Little MD | Physician - Orthopedic Surgery Highest-paid employee | 40 | $941,988 | $0 | $47,232 |
| Christopher Milnes MD | Physician - Radiologist Highest-paid employee | 40 | $875,481 | $0 | $68,357 |
| Wesley Badger | Physician -Surgery Highest-paid employee | 40 | $839,923 | $0 | $73,423 |
| Mark A Thompson | CFO/Treasurer Officer | 8.57 | $0 | $710,030 | $102,330 |
| Stephanie Lahr MD | CIO & CMIO Until 03/23 Key employee | 8.57 | $0 | $658,966 | $61,673 |
| Teresa Burroff | General Counsel/Sec. Until 11/22 Officer | 8.57 | $0 | $585,595 | $66,150 |
| Thomas Worsley | Pres.Spearfish Hospital/Hills Market Key employee | 55 | $582,927 | $0 | $64,430 |
| Heather Brewer MD | Board member/Employed Physician Trustee or director | 41.12 | $544,532 | $0 | $80,188 |
| Nicole Kerkenbush - Chief | Nursing/Perf Officer Until 06/23 Key employee | 8.57 | $0 | $459,144 | $58,561 |
| Mark Schulte | VP Rapid City Market Former | 0 | $0 | $379,881 | $62,811 |
| Mark Schmidt | Pres.Sturgis, Lead-Deadwood Markets Key employee | 55 | $368,252 | $0 | $54,348 |
| Jason Knudson | Board Member/Employed Physician Trustee or director | 40.63 | $332,984 | $0 | $60,365 |
| Charles Lewis DO | Board Member/Employed Physician Trustee or director | 40.54 | $324,901 | $0 | $37,588 |
| Barbara Hespen | President Custer Market & System CNO Key employee | 55 | $218,005 | $0 | $32,487 |
| Steven Williams | Board Member-Chair Trustee or director, Officer | 0.79 | $0 | $0 | $0 |
| Kathryn Johnson | Board member-Vice Chair Trustee or director, Officer | 1.58 | $0 | $0 | $0 |
| Dan Liekvold | Board member Trustee or director | 0.83 | $0 | $0 | $0 |
| Kenneth Meirose | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Scott Sabers | Board Member Trustee or director | 0.83 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 6000, RAPID CITY, SD 57709-6000
- In care of
- % MARK THOMPSON CFO
- Principal officer (990 for 2024)
- Paulette Davidson, PO Box 6000, Rapid City, SD 577096000
- Signed the 990
- Austin Willuweit, CFO
- Phone
- (605) 755-9130
- Website
- https://monument.health/
- Return prepared by
- Eide Bailly LLP
Mission
Our vision at Monument Health Network is to be one team, to listen, to be inclusive, and to show we care. Monument Health Network is dedicated to improving the health of individuals and our communities.
Program accomplishments
- Monument Health Network (MHN) owns the following acute care hospitals (including physician clinics) and senior care facilities: Monument Health Custer Hospital (CAH) / Monument Health Custer Senior Care, Monument Health Lead-Deadwood Hospital, Monument Health Spearfish Hospital and Monument Health Sturgis Hospital /Monument Health Care Center - Sturgis. MHN also owns, leases and operates provider based physician clinics in Belle Fourche, Spearfish, Lead-Deadwood, Hill City, Sturgis & Custer. In addition, MHN operates free standing clinics in Hot Springs and Buffalo. Together, these facilities provide common access to compassionate, quality, advanced health care through its numerous healing environments in the greater Black Hills region.Expenses $170,429,474 · grants $272,898 · revenue $220,013,716
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 46-0360899
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Hospital or medical research organization
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1981
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E22)
- Assets (IRS master file)
- $180,616,102
- Income (IRS master file)
- $221,088,622
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $221,066,489 | $211,943,556 | $180,616,102 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $220,042,314 | $205,549,800 | $160,854,015 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $210,662,984 | $200,759,854 | $138,921,164 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $208,192,046 | $194,977,719 | $129,627,485 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-0360899).
Questions about MONUMENT HEALTH NETWORK INC
- What is the EIN of MONUMENT HEALTH NETWORK INC?
- The employer identification number (EIN) of MONUMENT HEALTH NETWORK INC is 46-0360899.
- Is MONUMENT HEALTH NETWORK INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1981.
- Are donations to MONUMENT HEALTH NETWORK INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MONUMENT HEALTH NETWORK INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MONUMENT HEALTH NETWORK INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MONUMENT HEALTH NETWORK INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MONUMENT HEALTH NETWORK INC?
- The 990 for the year ended June 30, 2025 names Paulette Davidson.
- Who are the officers and directors of MONUMENT HEALTH NETWORK INC?
- The 990 for the year ended June 30, 2025 lists 22 people; 11 received compensation from the organization, the highest $2,825,325 (Ray Jensen MD, Physician - Orthopedic Surgery).
- How much revenue does MONUMENT HEALTH NETWORK INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $221,066,489, expenses of $211,943,556 and total assets of $180,616,102 at year end.
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