Montrose Regional Health
Legal name: Montrose Memorial Hospital Inc
Nonprofit profile at a glance
- EIN
- 846002707
- IRS 990 coverage
- 2012–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Montrose, CO, United States
- Phone
- 970-249-2211
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Hospitals and Related Primary Medical Care Facilities
Reported finances
- Revenue
- $197,428,506
- Expenses
- $198,800,484
- Assets
- $212,571,376
- Liabilities
- $82,863,698
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- JEFF MENGENHAUSEN (CEO (DEEMED OFFICER))
Highest reported compensation
- ADDISON WOOD MD (PHYSICIAN): $1,030,643 total reported compensation
- STEVEN EMMONS MD (PHYSICIAN): $686,676 total reported compensation
- RHONDA PARKER MD (CHIEF MEDICAL OFFICER): $515,224 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Caring for you like family — your health, our mission. Mission, Vision, & Values At Montrose Regional Health, we make it a priority to care for every one of our patients like family. To help us ensure we are holding ourselves to the highest standard, we have created our Mission, Vision and Values statement. This serves as a reminder to our caregivers at Montrose Regional Health as to what we stand for and the level of care we provide. Montrose Regional Health is a non-profit healthcare system serving Montrose, San Miguel, Ouray, Gunnison, Delta, Hinsdale and San Juan counties. Montrose Regional Health is the second-largest employer in Montrose County, with more than 950 employees and over 188 providers who represent 32 medical specialties. We ar.
What it reported doing in 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 family involved in the rehabilitation process.
Operating model
- Revenue model
- Other-operating. 99% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 80
- Accountability: 100
- Sustainability: 36
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 78.9%; rating input score 79
- Program expense ratio: 77.9%; rating input score 78
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 17th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -0.7%; rating input score 23; 23rd percentile among comparable filings
- Total-asset coverage ratio: 1.07; rating input score 42; 42nd percentile among comparable filings
- Liabilities to assets ratio: 0.39; rating input score 46; 46th percentile among comparable filings
- Officer compensation ratio: 1.8%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: 7.7% per year; rating input score 100; 62nd percentile among comparable filings
- Revenue growth: 7.4% per year; rating input score 100; 63rd percentile among comparable filings
- Asset growth: 7.4% per year; rating input score 100; 55th percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 78.9% of revenue deployed · 77.9% of spending went to programs
- Governance: 9 of 9 board members independent · 8 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $154.8M in reported program spending
- Leadership: top reported pay $1M · 16 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $13.9M reported
- Consistency: 35 of 36 current checks pass · 1 finding to review
- Schedules: 9 filed schedules · includes major donors and executive pay
- Filing history: 12 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 23/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
- Moderate — Transparency & Controls: Schedule D revenue reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Liabilities to assets ratio scored 46/100.