Ballad Health is a 501(c)(3) organization based in Johnson City, Tennessee, registered in 2016, with $80,998,230 in FY2023 revenue. CharityIndex grades it A, and it directs about 100% of spending to programs.
Revenue (FY2023)
$81.0M
▲ 12.3% vs prior year
Health median: $840K
Expenses (FY2023)
$85.7M
Net assets
$643.8M
Employees
2,138
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Ballad Health: 100% to programs · $4 to raise $100 earns a A+ on this criterion. See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Ballad Health: 90 mo reserves · -6% margin earns a B+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Ballad Health: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Ballad Health: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Honor those we serve by delivering the best possible care.
Ballad health (bh) is an integrated community health improvement organization serving 29 counties of the appalachian highlands in northeast tennessee, southwest virginia, northwest north carolina and southeast kentucky. our system of 21 hospitals, including a dedicated children's hospital, post-acute care and behavioral health services, and a large multi-specialty group physician practice works closely with an active independent medical community and community stakeholders to improve the health and well-being of more than 1 million people. by leading in the adoption of value-based payments, addressing health-related social needs, funding clinical and health systems research and committing to long-term investments in strong children and families in our region, ballad health is striving to become a national model for rural health and healthcare. ballad health is a tax-exempt entity and the parent corporation of both mountain states health alliance (msha) and wellmont health system (whs). the two healthcare systems came together on february 1, 2018 as a result of a merger approved by both tennessee and virginia departments of health. ballad health operates under a certificate of public advantage (copa) in tennessee and a cooperative agreement (ca) in virginia. pursuant to the copa and ca, msha and whs are required to fulfill the obligations, commitments and covenants set forth in the copa. such obligations include that ballad health shall meet, over the ten-year period beginning july 1, 2018, established minimum spending criteria on initiatives for expanded access to healthcare services, health research and graduate medical education, population health improvement, and a region-wide health information exchange. the full text of the copa can be found on the tennessee department of health's website, while the ca can be found on the virginia department of health's website.form 990 for msha includes seven wholly-owned hospitals including a children's hospital and a behavioral health hospital; four others, majority owned by msha, each file a separate return. form 990 for whs includes five wholly-owned hospitals; two others, also wholly-owned, each file a separate return. 2019 novel coronavirus (covid-19) public health emergency:the united states secretary of health and human services declared a public health emergency (phe) on january 31, 2020 due to confirmed cases of the 2019 novel coronavirus (covid-19). on march 10, 2020 ballad health executed its disaster plan in response to the covid-19 pandemic. this included the activation of its corporate emergency operations command (ceoc) to coordinate efforts across the system and around the region to rapidly plan for, and execute, ongoing response to the issues resulting from the covid-19 pandemic. the policy establishing the ceoc is established and authorized by the board of directors, and follows guidelines established by the federal emergency management agency (fema) and the cdc. ceoc is led by an incident commander appointed by the chief executive officer in this instance the chief operating officer. the ceoc is composed of key leaders overseeing essential functions of the health system, including logistics, supply chain, communications, operations, finance, government relations and clinical services. the ceoc acts as the clearinghouse for all organizational planning and decision-making related to the event, and continues its responsibilities under the oversight of, and until discontinued by, the chief executive officer. the chief executive officer, who also serves as chair of the board of directors, keeps the board of directors apprised of issues on an ongoing basis and ensures compliance with the board's delegations of authority pursuant to ballad health's policies.during fiscal year 2021, ceoc continued to manage activities related to the phe which included frequent communications to internal parties, news media, and the public. these communications included providing data related
Revenue grew from -$13.1M (FY2017) to $81.0M (FY2023) across 7 reported years.
Financial snapshot
Operating margin
-5.8%
Spent more than it raised in the latest fiscal year.
Total assets
$2.0B
Total liabilities
$1.3B
Net assets
$643.8M
Salaries & benefits
$5.8M
7% of expenses
Board members
11
9 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $80,998,230▲12.3% | $85,724,392▲0.6% | $643,834,978▲10.0% | $1,954,168,188▲6.0% | 990 |
| 2022 | $72,147,131▼20.7% | $85,176,207▼1.9% | $585,256,869▼6.1% | $1,842,874,401▼3.1% | 990 |
| 2021 | $90,929,944▲37.6% | $86,860,303▼0.3% | $623,315,872▼26.6% | $1,902,110,390▼13.7% | 990 |
| 2020 | $66,069,991▲17.2% | $87,114,676▼41.4% | $849,732,816▲37.8% | $2,205,229,549▲8.3% | 990 |
| 2019 | $56,396,392▲23.8% | $148,620,567▲103% | $616,592,135▼7.0% | $2,037,115,071▲3.1% | 990 |
| 2018 | $45,556,469▲448% | $73,288,960▲12914% | $662,934,199▲4953% | $1,975,165,200▲131% | 990 |
| 2017 | -$13,098,518 | $563,134 | -$13,661,652 | $856,766,017 | 990 |
| 2016 | — | — | $0 | $0 | 990EZ |
| 2015 | — | — | $0 | $0 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Highest-paid: Alan Levine Presidentceo — $1,983,279 (2.31% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Alan Levine Presidentceo | Executive Chair | 57 | $1,983,279 |
| Eric Deaton | Evp/coo | 57 | $1,121,768 |
| Marvin Eichorn | Evp/cao | 57 | $1,073,543 |
| Lynn Krutak Evpcfo | (end June 2024) | 57 | $994,595 |
| Clay Runnels Md | Evp/chief Phys Exec | 64 | $970,301 |
| Anthony Keck | Evp/cpho | 64 | $716,765 |
| Steve Kilgore Svp | Retail & Physician Svcs. | 55 | $643,370 |
| Amit Vashist Md | Chief Clinical Officer | 55 | $634,759 |
| Shane Hilton Evpcfo | (beg Jan 2024) | 57 | $630,028 |
| Lisa Smithgall Svp | Chief Nursing Executive | 55 | $586,458 |
| Julie Bennett Clogovn Offcr | Director, Secretary | 57 | $567,016 |
| Mark Wilkinson Md | Cmo | 55 | $564,821 |
| Pam Austin Svp | Cio | 55 | $562,581 |
| Deborah Dover Svp | Chief Human Resources Officer | 55 | $538,257 |
| Shana Tate Chief Revenue Offcr | Former Key Employee | 40 | $173,376 |
| Tim Belisle | Former Officer | 0 | $162,508 |
| Aldo Noseda | Director | 5 | — |
| David Golden | Director | 5 | — |
| David Lester | Director, Treasurer | 5 | — |
| David May Md | Director | 5 | — |
| Contractor | Services | Paid |
|---|---|---|
| Ensemble Health Partners | Rev Cycle Mgmt | $93,713,669 |
| East Tennessee State University | Resident & Acad Svcs | $21,839,580 |
| Medical Education Assistance Corp | Medical Education Svcs | $20,055,331 |
| Paragon Anesthesia PC | Anesthesia Svcs | $16,709,911 |
| American Anesthesiology of Tn PC | Anesthesia Svcs | $15,055,905 |
13 grants to Ballad Health totaling $773K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Ayco Charitable Foundation | Medical / public services | 2024 | $50,000 |
| American Cancer Society Inc | Patient support | 2024 | $30,000 |
| American Cancer Society Inc | Patient support | 2024 | $25,000 |
| Ayco Charitable Foundation | Medical / public services | 2023 | $50,000 |
| Vanderbilt University Medical Center | General | 2023 | $8,491 |
| Vanderbilt University Medical Center | Research | 2022 | $28,994 |
| Ayco Charitable Foundation | Medical / public services | 2021 | $65,000 |
| Vanderbilt University Medical Center | Research | 2021 | $31,172 |
| Vanderbilt University Medical Center | Research | 2020 | $173,878 |
| Emory University | Research/subcontract | 2020 | $14,844 |
| Breakthrough T1d | Immunotherapies | 2019 | $250,000 |
| Ayco Charitable Foundation | Medical | 2019 | $10,000 |
| Advanced Home Care Inc | General support | 2017 | $35,500 |
23 grants totaling $4.7M in FY2023 — showing the 15 largest. All grants made by Ballad Health →
| Recipient | Purpose | Amount |
|---|---|---|
| Eo Companies | Facility for childcare: classrooms, kitchen and indoor/outdoor play space | $4,000,000 |
| Town of Jonesborough | Jackson theater - main auditorium yr. 1 of 5 yr. sponsorship | $250,000 |
| Milligan University | Athletics program sponsorship yr 2 & focus wall signage | $66,100 |
| Bipartisan Policy Center Inc | 2024 bristol rhythm & roots reunion | $57,150 |
| Hometown Service Coalition | Replacement of playground equipment at ralph state park. | $50,000 |
| Niswonger Foundation | Professional development: learning together. | $40,000 |
| Junior Achievement of Tri Cities Tn Va Inc | Junior achievement hall of fame. | $22,000 |
| Kingsport Chamber Foundation | Healthy kingsport and sponsorship of fun fest and juneteenth | $20,525 |
| Appalachian Banner Academy | School serves students with autism spectrum disorder. technology - golf shootout. | $20,000 |
| Greater Kingsport Family Young Mens | Ongoing support of programs | $20,000 |
| Founders Forge | Mountain summit event sponsorship | $15,000 |
| Blue Plum | 2024 sponsorship | $15,000 |
| President and Fellows of Harvard College | Health policy leadership council sponsorship | $15,000 |
| Rotary Club of Kingsport Foundation | Centennial celebration: children's book sponsor | $15,000 |
| Boys & Girls Club of Greater Kingsport Inc | Ongoing support of programs | $12,500 |
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Data for Ballad Health (EIN 61-1771290) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.