What is Montrose Memorial Hospital's total revenue?

Montrose Memorial Hospital reported total revenue of $174.8M for tax year 2023 on its IRS Form 990, against $161.9M in total expenses and $359K in net income.

What are Montrose Memorial Hospital's total assets?

Montrose Memorial Hospital reported total assets of $185.5M and net assets of $130.1M on its FY2023 IRS Form 990.

Where can I find Montrose Memorial Hospital's IRS Form 990?

Montrose Memorial Hospital files IRS Form 990 annually under EIN 84-6002707. The financial summary, executive compensation, and community benefit data are shown on this page; the original filing is also available directly from the IRS.

IRS Form 990 · EIN 84-6002707

Montrose Memorial Hospital

Montrose, CO 81401-4212 · Tax year 2023

NTEE E20Hospital

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$174.8M

Total revenue

$161.9M

Total expenses

$359K

Net income

0.2%

Operating margin

Financial summary

Total revenue: $174.8M
Contributions + grants: $522K
Program service revenue: $171.3M
Total expenses: $161.9M
Program expenses: —
Administrative expenses: —
Fundraising expenses: —
Net income: $359K
Total assets: $185.5M
Total liabilities: $55.5M
Net assets: $130.1M

Community benefit (Schedule H)

Hospital-specific data — what the org reports to defend tax-exempt status

Charity care (at cost): $1.4M
Unreimbursed Medicaid: $10.3M
Community health improvement: —

Peer comparison

Compared to 2 organizations with NTEE E20 in CO

Avg revenue (peers)

$102.1M

This org:$174.8M

Avg net income (peers)

$-397K

This org:$359K

Avg top exec comp (peers)

—

This org (highest):$1.0M

Executive compensation (FY2024)

16 officers + key employees from the most recent Schedule J filing (FY2024; the financial summary above is FY2023)

Name	Title	Hours/wk	Base comp	Total comp
ADDISON WOOD MD	PHYSICIAN	40	$874K	$1.0M
STEVEN EMMONS MD	PHYSICIAN	40	$588K	$687K
RHONDA PARKER MD	CHIEF MEDICAL OFFICER	40	$353K	$515K
SAMUEL HOLMES MD	PHYSICIAN	40	$460K	$470K
MOJGAN ARASHVAND MD	PHYSICIAN	40	$409K	$439K
PAUL PERROTTI	CFO	40	$250K	$383K
MICHAEL BREZINSKY MD	DIRECTOR	3	$30K	$30K
BARB JUDD	SECRETARY END 10/24 V CHAIR BEG 10/24	3	—	—
JEFF MENGENHAUSEN	CEO (DEEMED OFFICER)	40	—	—
ZANDER PARKER	DIRECTOR	3	—	—
MARY VADER DO	CHAIRPERSON	3	—	—
JACK JOHNSTON	DIRECTOR	3	—	—
KAYE HOTSENPILLER	DIRECTOR	3	—	—
KJERSTEN DAVIS MD	DIRECTOR	3	—	—
REID FISHERING	DIRECTOR	3	—	—
SELVIN SANDOVAL	DIRECTOR	3	—	—

10-year history

Revenue and net income trend across all available filings

RevenueNet income

Year	Revenue	Expenses	Net income	Assets
2024	—	—	—	—
2023	$174.8M	$161.9M	$359K	$185.5M
2022	$158.3M	$148.4M	$-90K	$154.2M
2021	$152.3M	$134.9M	$-904K	$163.0M
2020	$137.0M	$123.2M	$-1.5M	$148.7M
2019	$129.6M	$118.3M	$-79K	$116.0M
2018	$120.0M	$114.9M	$26K	$102.0M
2017	$109.0M	$112.4M	$-21K	$98.6M
2016	$104.9M	$103.9M	$-518K	$104.0M
2015	$98.1M	$91.9M	$72K	$99.5M

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