Wellmont Health System

EIN: 621636465 501(c)(3) Health Care

Johnson City, TN

Total Revenue
$933,212,443
Total Expenses
$920,806,012
Total Assets
$539,183,268
Net Assets
$335,023,757
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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
TN
Principal Officer
Alan Levine BH PresCEO
Phone
4233023467
Tax Period
2024-07-01 to 2025-06-30

Wellmont Health System, founded in 1996, is a major nonprofit in the Health Care sector that reported $933.2M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

Honor those we serve by delivering the best possible care.Ballad Health is dedicated to improving the health of the 29-county Appalachian Highlands region.

Program Service Accomplishments

Program 1
Expenses: $784,496,123 Revenue: $915,785,940

Ballad Health (Ballad) is an integrated healthcare delivery system consisting of 20 hospitals in Northeast Tennessee and Southwest Virginia, including a Level 1 Trauma Center, dedicated children's...

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Ballad Health (Ballad) is an integrated healthcare delivery system consisting of 20 hospitals in Northeast Tennessee and Southwest Virginia, including a Level 1 Trauma Center, dedicated children's hospital, several community hospitals, four critical access hospitals, a behavioral health hospital, an addiction treatment facility, long-term care facilities, home care and hospice services, retail pharmacies, outpatient services and a comprehensive medical management corporation. Ballad works closely with an active independent medical community and community stakeholders to improve the health and well-being of over one million people in 29 counties of the Appalachian Highlands in Northeast Tennessee, Southwest Virginia, Northwest North Carolina, and Southeast Kentucky. Ballad is a Tennessee non-profit corporation and is the main provider of healthcare services in Northeast Tennessee and Southwest Virginia. Ballad Health is a tax-exempt entity and the parent corporation of both Mountain States Health Alliance (MSHA) and Wellmont Health System (WHS). On February 1, 2018, Ballad was formed through a merger of two legacy systems, Mountain States Health Alliance and Wellmont Health System. Ballad was formed under state-action immunity in compliance with federal antitrust law, to create a healthier region and keep healthcare local. The action approving the merger was officially taken through the agreements made between Ballad and the State of Tennessee in the Certificate of Public Advantage (the "COPA") and the Letter Authorizing the Cooperative Agreement (the "CA") in Virginia. Pursuant to the COPA and CA, Ballad must fulfill certain obligations, commitments, and covenants. Tennessee and Virginia, through their respective health departments, supervise specific aspects of Ballad's operations under certain conditions of the COPA and the CA. The COPA and amendments are publicly available on the website of the Tennessee Department of Health, at https://www.tn.gov/health/copa.html. The Cooperative Agreement is available on the website of the Virginia Department of Health, at https://www.vdh.virginia.gov/licensure-and- certification/cooperative-agreement/. Form 990 for Wellmont Health System (WHS) includes five wholly owned hospitals, including two tertiary hospitals, while three wholly owned hospitals file separate returns. In addition to the acute care hospitals, WHS wholly owns or has ownership interest in a nursing home, an assisted living facility, physician practice organizations, ambulatory surgery centers and other health care businesses. Specific to the hospitals included in this Form 990, services were provided to: 33,192 inpatients 502,767 outpatient visits 125,753 emergency visits 1,877 deliveries 22,281 surgeries SULLIVAN COUNTY, TN: BRISTOL REGIONAL MEDICAL CENTER (BRMC) - 348-bed tertiary hospital located in Bristol, Tennessee has served the community since 1925. - Provides cardiac and neurological care, diabetes treatment, emergency and trauma (Level III) care, inpatient and outpatient hospice care, oncology, occupational health, outpatient, psychiatric, rehabilitation, surgical and women's health services. - Centers of Excellence include the Ballad CVA Heart Institute, J.D. and Lorraine Nicewonder Cancer Center, Deborah H. Quillen Birthing Center, Primary Stroke Center, and the Leonard Family Comprehensive Breast Center. - The J.D. Nicewonder Family Pediatric Emergency Department is part of a regional system of care for children, including pediatric surgery, trauma and Level III NICU services at Niswonger Children's Hospital in Johnson City. - U.S. News recognized BRMC in 2025 for excellence in cardiac, pulmonary and surgical care. - Earned the Platinum Performance Achievement Award from the American College of Cardiology for excellence in heart attack care. SULLIVAN COUNTY, TN: HOLSTON VALLEY MEDICAL CENTER (HVMC) - 505-bed tertiary hospital located in Kingsport, Tennessee has served the community since 1935. - Provides diagnostic imaging, surgical, neuroscience, rehabilitation, women's health, outpatient services, emergency and trauma (Level III) care. - Centers of Excellence include the Ballad CVA Heart Institute, the Christine LaGuardia Phillips Cancer Center, Comprehensive Breast Cancer Center, Advanced Primary Stroke Center, and Every Step joint replacement center. - Named by U.S. News' annual "Best Hospital" study as the ninth-ranked hospital in the State of Tennessee and "high-performing distinction for knee replacement procedures, heart attack care and treatment, heart failure and treatment, transcatheter aortic valve replacement, care of stroke patients, pulmonary disease care and inpatient care for kidney failure patients. - Healthgrades named Holston Valley Medical Center one of America's 50 Best Hospitals for Vascular Surgery for the sixth consecutive year and ranked it first in Tennessee for vascular surgery. - Earned the Platinum Performance Achievement Award from the American College of Cardiology for excellence in heart attack care. HANCOCK COUNTY, TN: HANCOCK COUNTY HOSPITAL (HCH) - 10-bed federally designated critical access hospital located in Sneedville, Tennessee opened in 2005 through a partnership with the Hancock County Commission. - Provides inpatient and outpatient acute care, emergency care, radiology, laboratory, respiratory therapy and physical therapy services. WISE COUNTY, VA: LONESOME PINE HOSPITAL (LPH) - 60-bed community hospital located in Big Stone Gap, Virginia has served the community since 1973. - Provides emergency care, medical, and oncology services. - Southwest Virginia Cancer Center in Norton, Virginia and Ballad Cancer Institute in Bristol, Virginia serve medical and radiation oncology patients as part of LPH operations.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,292,489
Program Service Revenue $915,454,723
Investment Income $10,804,512
Other Revenue $5,660,719
TOTAL REVENUE $933,212,443

Expense Breakdown

Grants Paid $985,054
Salaries & Benefits $334,232,061
Fundraising Expenses $0
Program Expenses $784,496,123
Other Expenses $585,588,897
TOTAL EXPENSES $920,806,012

Year-over-Year Comparison

2024 2023 Change
Revenue $933,212,443 $856,912,729 +0.1%
Expenses $920,806,012 $827,340,861 +0.1%
Net Income $12,406,431 $29,571,868 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
N/A
Employees
3971
Volunteers
292

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
$9,894,048
Total Directors
4
$8,598,349
Key Employees
9
$4,685,370
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alan Levine BH PresCEO Director/Chair 1.00
Officer Director
$0 $286,146 $4,135,022
Marvin Eichorn BH EVPCAO Director 1.00
Officer Director
$0 $53,543 $1,499,254
Eric Deaton BH EVPCOO Director 1.00
Officer Director
$0 $137,400 $1,885,098
Julie Bennett CLOGovnc Offcr Director/Secretary 1.00
Officer Director
$0 $102,286 $1,078,975
Shane Hilton BH EVP/CFO 1.00
Officer
$0 $113,059 $1,101,222
Phillip Childree CFO Wise, Lee & Dickenson 6.00
Officer
$0 $17,826 $194,477
Chris Miller COO BRMC 45.00
Key Emp
$327,857 $47,959 $375,816
Robert Kennedy COO HVMC 45.00
Key Emp
$326,413 $49,248 $375,661
Chad Couch MD Regional President 45.00
Key Emp
$881,505 $104,627 $986,132
Shannon Showalter CEO Wise County 24.00
Key Emp
$0 $51,544 $481,360
Rebecca Beck CEO HVMC 45.00
Key Emp
$512,717 $46,450 $559,167
Robert Bender CFO BRMC 36.00
Key Emp
$364,079 $44,061 $408,140
Bobbie Murphy Regional CNO 45.00
Key Emp
$346,139 $32,605 $378,744
Sean Mills CFO Acute Svcs Reg Operations 1.00
Key Emp
$498,867 $44,489 $543,356
John Jeter CEO BRMC/JMH 22.00
Key Emp
$0 $50,737 $576,994
James Price MD Physician 40.00
Highest
$467,906 $46,069 $513,975
Elie Nader MD Physician 40.00
Highest
$433,338 $45,225 $478,563
John Morehead MD Physician 40.00
Highest
$619,606 $23,542 $643,148
Donovan Mabe MD Physician 40.00
Highest
$458,775 $43,606 $502,381
Jamie Bartley DO CMO BRMC 40.00
Highest
$371,599 $47,053 $418,652
Andrew Wampler BH SVPGen Cnsl Former Officer 1.00
$0 $77,887 $541,944
Tim Belisle Former Officer 0.00
$0 $0 $448,129
Lynn Krutak Former Officer 1.00
$0 $76,184 $1,177,446
Dale Clark CEO SCCH Former CEO Wise County 0.00
$0 $29,259 $446,072
Lisa Smithgall Former Key Employee/CNE 0.00
$0 $92,266 $721,060
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 $933,212,443 $920,806,012 $539,183,268 $12,406,431
2024 $856,912,729 $827,340,861 $469,564,946 $29,571,868
2023 $840,443,933 $813,767,456 $442,212,331 $26,676,477
2022 $845,523,767 $797,824,334 $438,048,848 $47,699,433
2021 $807,505,610 $715,518,651 $476,937,664 $91,986,959
2020 $662,198,822 $627,121,314 $425,394,041 $35,077,508
2019 $713,563,018 $649,188,184 $434,840,245 $64,374,834
2019 $713,563,018 $649,188,184 $434,840,245 $64,374,834
2018 $714,777,117 $711,427,553 $1,026,995,312 $3,349,564
2018 $714,777,117 $711,427,553 $1,026,995,312 $3,349,564
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