Ballad Health Center for Early Learning

EIN: 923891827 501(c)(3) Human Services

Johnson City, TN

Total Revenue
$4,048,969
Total Expenses
$7,712,852
Total Assets
$11,786,022
Net Assets
$-3,609,879
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
TN
Principal Officer
Alan Levine
Phone
4233023467
Tax Period
2024-07-01 to 2025-06-30

Ballad Health Center for Early Learning, founded in 2023, is a community nonprofit in the Human Services sector that reported $4.0M in total revenue in fiscal year 2024. Expenses of $7.7M exceeded revenue, resulting in a 90% operating deficit.

Mission

To create high quality, accessible, and affordable early childhood care and learning environments for team members and our community.

Program Service Accomplishments

Program 1
Expenses: $6,596,265 Revenue: $3,131,973

During FY25, Ballad Health successfully operated eight early learning centers and partnered with the YWCA on a ninth. These Centers for Early Learning are available to Ballad Health employees as well...

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During FY25, Ballad Health successfully operated eight early learning centers and partnered with the YWCA on a ninth. These Centers for Early Learning are available to Ballad Health employees as well as the community. Our goal is to provide high-quality childcare that is accessible and affordable, enabling families to be gainfully employed while feeling confident that their children are cared for in a safe, nurturing environment. Northeast Tennessee and Southwest Virginia are childcare deserts, meaning there are not enough quality childcare slots for the number of children under the age of five. Ballad Health has significantly helped by providing over 1,000 slots for team members and the general public. These early learning centers care for children from six weeks of age to age five and, in Virginia, may include school age children during the summer. Ballad Health has managed to create accessible childcare by offering extended hours and an expanded number of days open per year. All Centers for Early Learning are open Monday through Friday from 6:00 a.m. to 7:00 p.m., and offer care on most holidays, closing only on Christmas Day and Thanksgiving Day. It has been made affordable by participating in state subsidy programs to assist families with tuition expenses. An emphasis on kindergarten readiness is evident in all Ballad Health early learning programs. A high-quality, research-based curriculum is used across the system and teachers create lesson plans that focus on brain development, social/emotional skills, and early literacy foundations. Parents/Guardians are vital to the success of the centers. Monthly family engagement events are held to give parents and guardians opportunities to be on site with their children to gain insight as to what the children are doing while they are away being productive in the workforce.

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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 $916,996
Program Service Revenue $3,122,033
Investment Income $0
Other Revenue $9,940
TOTAL REVENUE $4,048,969

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,859,372
Fundraising Expenses $0
Program Expenses $6,596,265
Other Expenses $2,853,480
TOTAL EXPENSES $7,712,852

Year-over-Year Comparison

2024 2023 Change
Revenue $4,048,969 N/A N/A
Expenses $7,712,852 N/A N/A
Net Income $-3,663,883 $0 N/A
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
5
Independent Members
N/A
Employees
95
Volunteers
400

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
7
$10,958,506
Total Directors
5
$9,705,188
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alan Levine BH PresCEO Director, Pres & Chair 1.00
Officer Director
$0 $286,146 $4,135,022
Marvin Eichorn BH EVPCAO Director & VP 1.00
Officer Director
$0 $53,543 $1,499,254
Eric Deaton BH EVPCOO Director & VP 1.00
Officer Director
$0 $137,400 $1,885,098
Julie Bennett BH CLOGovnc Offcr Director & Secretary 1.00
Officer Director
$0 $102,286 $1,078,975
Anthony Keck BH EVPCTrO Director & Treasurer 1.00
Officer Director
$0 $110,024 $1,106,839
Shane Hilton BH EVP/CFO 1.00
Officer
$0 $113,059 $1,101,222
Ryan Harrington CFO 5.90
Officer
$0 $29,294 $152,096
Amy Doran Corp Director, Early Care & Educ. 40.00
Highest
$52,365 $8,306 $144,277
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 $4,048,969 $7,712,852 $11,786,022 $-3,663,883
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