Wellmont Cardiology Services (EIN 263557623) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Principal Officer

Joshua McFall

Phone

4233023467

Tax Period

2023-07-01 to 2024-06-30

Wellmont Cardiology Services, founded in 2010, is a mid-sized nonprofit in the Health Care sector that reported $72.5M in total revenue in fiscal year 2023.

Mission

Honor those we serve by delivering the best possible care.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $15,000

Program Service Revenue $71,767,396

Investment Income $16,672

Other Revenue $720,736

TOTAL REVENUE $72,519,804

Expense Breakdown

Grants Paid $0

Salaries & Benefits $59,603,417

Fundraising Expenses $0

Program Expenses $72,182,596

Other Expenses $14,457,411

TOTAL EXPENSES $74,060,828

Year-over-Year Comparison

	2023	2022	Change
Revenue	$72,519,804	$74,431,003	0.0%
Expenses	$74,060,828	$75,426,297	0.0%
Net Income	$-1,541,024	$-995,294	+0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

432

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$6,734,311

Total Directors

$13,783,417

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Benjamin Culp MD	Vice-President	40.00	Officer Director	$653,990	$48,231	$702,221
Clay Runnels MD	BH EVP & Chief Physician Executive	0.10	Director	$0	$118,739	$1,089,040
David Metzger MD beg Jun 2023	Physician/President	40.00	Officer Director	$834,862	$31,533	$866,395
Eric Deaton	BH EVP/COO	0.10	Officer Director	$0	$123,773	$1,245,540
Jack Whitaker MDend Jan 2024	Physician	40.00	Director	$748,199	$43,011	$791,210
Jonathan Burress MD end Sep 2023	Physician	40.00	Director	$660,147	$47,938	$708,085
Keith Kramer MD	Physician	40.00	Director	$653,622	$48,539	$702,161
Mark Chang MD start Aug 2023	SVP,CV Strategy & Transformation/President	0.50	Director	$643,330	$78,617	$721,947
Marvin Eichorn	BH EVP/CAO/Secretary	0.10	Officer Director	$0	$50,738	$1,124,281
Sherryl Croitor MD end Oct 2023	Physician	40.00	Director	$551,572	$16,301	$567,873
Stanley Gall Jr MD	Physician/Treasurer	40.00	Officer Director	$656,980	$46,609	$703,589
Thomas Helton MD start Sep 2023	Physician/President	40.00	Officer Director	$279,830	$6,446	$286,276
Tony Keck end Aug 2023	BH EVP/Sys Innov & CPMO	0.10	Officer Director	$0	$102,173	$818,939
Steven Hopkins MD beg Jan 2024	Physician	40.00	Director	$668,984	$47,761	$716,745
Gaurav Rana MD	Physician	40.00	Director	$643,817	$47,771	$691,588
Nafees Mohammed MD beg Sep 2023	Physician	40.00	Director	$645,902	$10,220	$656,122
Mark Aziz MD end Jan 2024	Physician	40.00	Director	$659,843	$24,310	$684,153
Greg Miller MD beg Jan 2024	Physician	40.00	Director	$661,706	$45,546	$707,252
Mark Patterson MD	SVP/President-BHMA	54.50	Officer	$634,528	$98,762	$733,290
Matthew Lazari	CFO-BHMA	40.00	Officer	$0	$34,835	$253,780
Ahmed Khan MD	Physician	40.00	Highest	$946,555	$44,472	$991,027
Shobha Hiremagalur MD	Physician	40.00	Highest	$1,297,634	$18,532	$1,316,166
Fawwaz Hamati MD	Physician	40.00	Highest	$941,395	$19,004	$960,399
Vipulkumar Brahmbhatt MD	Physician	40.00	Highest	$867,295	$19,566	$886,861
Israel Garcia MD	Physician	40.00	Highest	$848,881	$39,793	$888,674
Chase Wilson end Apr 2023	Former Officer	0.00		$0	$41,749	$320,204
Leanne Cox end Oct 2020	Former Officer VP/CFO	0.00		$0	$34,061	$144,949

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$72,519,804	$74,060,828	$7,200,870	$-1,541,024
2023	$74,431,003	$75,426,297	$10,322,339	$-995,294
2022	$62,431,042	$61,907,108	$5,691,536	$523,934
2021	$55,508,640	$55,155,179	$7,268,976	$353,461
2020	$49,063,818	$48,611,342	$7,928,390	$452,476
2019	$52,221,772	$49,861,692	$8,599,202	$2,360,080
2018	$50,476,375	$50,469,015	$9,505,058	$7,360

Wellmont Cardiology Services