Velarion Records

Critical access hospital · Trinidad, Colorado · 25 beds · CMS certification number 061321

Mt. San Rafael Hospital

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2025, as submitted, stamped by CMS June 12, 2026. 22 years on file, every one shown below. Also on the 340B covered-entity register.

Fiscal 2025 at a glance

Net patient revenue
$37.4M
$37,437,623 · G-3 line 3
Operating expenses
$45.4M
$45,403,479 · G-3 line 4
Result from patient care
−$8.0M
−$7,965,856 · G-3 line 5
Margin on patient care
−21.3%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $13.1M in its first year on file (2004) to $37.4M in 2025.
  • Its result from patient care: −$6.6M (2023), −$8.9M (2024), −$8.0M (2025).
  • 3 of the 5 critical access hospital peers below with a margin on file also report a loss on patient care for fiscal year 2025.
  • Medicaid paid for 12.6% of its inpatient days and Medicare for 37.5%.

Every statement is drawn from figures on this page; nothing is estimated.

22 years of filings

Net patient revenue against operating expenses, each year as filed.

Net patient revenueOperating expenses
2004
reopened
$13.1M
$13.5M
2005
reopened
$16.3M
$15.3M
2006
settled with audit
$18.0M
$17.8M
2007
reopened
$20.8M
$20.8M
2008
settled
$24.1M
$25.3M
2009
reopened
$25.6M
$25.7M
2010
reopened
$24.5M
$25.4M
2011
reopened
$25.9M
$27.0M
2012
reopened
$22.7M
$24.6M
2013
settled
$23.7M
$23.8M
2014
settled
$24.2M
$24.1M
2015
reopened
$29.8M
$28.0M
2016
settled
$29.3M
$27.4M
2017
reopened
$30.0M
$29.3M
2018
settled
$33.6M
$32.1M
2019
settled
$36.8M
$35.8M
2020
reopened
$27.5M
$36.8M
2021
settled
$28.9M
$39.1M
2022
settled
$32.6M
$41.7M
2023
settled
$35.3M
$41.9M
2024
as submitted
$34.0M
$42.9M
2025
as submitted
$37.4M
$45.4M

Beside its peers

Critical access hospitals in Colorado with 25 to 49 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Mt. San Rafael Hospital25$37,437,623$45,403,479−21.3%
East Morgan County Hospital, Brush25$44,004,769$43,845,0890.4%
Family Health West Hospital, Fruita25$87,903,342$85,311,0392.9%
Haxtun Hospital, Haxtun25$14,433,942$17,540,176−21.5%
Lincoln Health Hospital, Hugo25$25,973,543$30,608,325−17.8%
Weisbrod Health, Eads25$7,126,996$11,800,884−65.6%

Patients and payers

Discharges
337
S-3 line 14, col 15
Inpatient days
1,494
S-3 line 14, col 8
Beds in use, on an average day
4.1
days ÷ days in year
Occupancy
16.4%
days ÷ bed days
Medicare share of days
37.5%
S-3 cols 6 ÷ 8
Medicaid share of days
12.6%
S-3 cols 7 ÷ 8

Who owns it

Type of control on its cost report: voluntary nonprofit, other.

Community benefit, as filed

From IRS Form 990 Schedule H, Part I, filed by TRINIDAD AREA HEALTH ASSOCIATION (employer identification number 840586742) for tax year 2023. The return lists this hospital as its one hospital facility.

FigureAs filedWhere it comes from
Total community benefit expense (line 7k)$29,556,535IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><NetCommunityBenefitExpnsAmt>
Financial assistance at cost (line 7a)$443,070IRS Form 990 Schedule H, Part I, <FinancialAssistanceAtCostTyp><NetCommunityBenefitExpnsAmt>
Medicaid (line 7b)$3,971,583IRS Form 990 Schedule H, Part I, <UnreimbursedMedicaidGrp><NetCommunityBenefitExpnsAmt>
Financial assistance and means-tested government programs (line 7d)$4,414,653IRS Form 990 Schedule H, Part I, <TotalFinancialAssistanceTyp><NetCommunityBenefitExpnsAmt>
Other benefits (line 7j)$25,141,882IRS Form 990 Schedule H, Part I, <TotalOtherBenefitsGrp><NetCommunityBenefitExpnsAmt>
Total, fraction of total expense (line 7k, column f)0.684IRS Form 990 Schedule H, Part I, <TotalCommunityBenefitsGrp><TotalExpensePct>

E-file object id 202443189349308929. The IRS archive it was read from.

Executive and director compensation, as filed

From IRS Form 990 Part VII, Section A, filed by TRINIDAD AREA HEALTH ASSOCIATION (employer identification number 840586742) for tax year 2023. The return lists this hospital as its one hospital facility.

NameTitleRoleReportable comp, from this organizationReportable comp, from related organizationsOther compensation
Calvin CareyCFOOfficer$0$0$0
Damian MizeraMember/Ortho SurgeonTrustee/director$594,718$0$61,760
Daniel Berry DDSVice PresidentTrustee/director, Officer$0$0$0
Dario San RomanPhysicianHighest-compensated employee$227,407$0$36,269
Douglas McFarlandChief of Staff/PhysicianOfficer$263,092$0$45,000
James ConradSurgeonHighest-compensated employee$609,739$0$82,558
Joe DeGarboSEC/TREASURERTrustee/director, Officer$0$0$0
Jose M FloresMember/PhysicianTrustee/director$432,848$0$66,484
Joseph JimenezPhysicianHighest-compensated employee$353,547$0$19,734
Kathleen GriegoCurrent PresidentTrustee/director, Officer$0$0$0
Kimberly LuceroCEOOfficer$270,410$0$49,451
Mike TranterMemberTrustee/director$0$0$0
Precious Castro-FloresMDPhysicianHighest-compensated employee$404,430$0$48,799
Rhonda EpperMemberTrustee/director$0$0$0
Shannon CastellanoCNOKey employee$166,732$0$29,699
Thomas Goodell MDPhysicianHighest-compensated employee$283,147$0$49,400

E-file object id 202443189349308929. The IRS archive it was read from.

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 061321. Patients and payers: worksheet S-3 Part I of the same filing.

How this page was built: the CMS Medicare cost report, file HOSP10FY2025.ZIP, read June 12, 2026.