Wellmont Cardiology Services
97% goes to programs $0 to raise $100 Thin reserves Growing revenue
Wellmont Cardiology Services is a 501(c)(3) organization based in Johnson City, Tennessee, registered in 2013, with $72,519,804 in FY2023 revenue. CharityIndex grades it C+, and it directs about 97% of spending to programs.
311 Princeton Rd Ste 1, Johnson City, TN, 37601 EIN 26-3557623 Since 2013
Revenue (FY2023)
$72.5M
▼ 2.6% vs prior year
Health median: $840K
Expenses (FY2023)
$74.1M
Net assets
-$5.5M
Employees
432
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
C+Program efficiency40% of the rating97% to programs · $0 to raise $100
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 Wellmont Cardiology Services: 97% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · -2% margin
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 Wellmont Cardiology Services: 0 mo reserves · -2% margin earns a D on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
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 Wellmont Cardiology Services: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
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 Wellmont Cardiology Services: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Honor those we serve by delivering the best possible care.
Contact & location
- Address
- 311 Princeton Rd Ste 1, Johnson City, TN, 37601
- City
- Johnson City
- State
- Tennessee
- Category
- Health Care
- Subcategory
- Clinics & Primary Care
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $31.8M (FY2013) to $72.5M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $12.7MNet assets -$5.5M
Operating margin
-2.1%
Spent more than it raised in the latest fiscal year.
Total assets
$7.2M
Total liabilities
$12.7M
Net assets
-$5.5M
Salaries & benefits
$59.6M
80% of expenses
Board members
12
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $72,519,804▼2.6% | $74,060,828▼1.8% | -$5,451,146▼39.4% | $7,200,870▼30.2% | 990 |
| 2022 | $74,431,003▲19.2% | $75,426,297▲21.8% | -$3,910,122▲37.5% | $10,322,339▲81.4% | 990 |
| 2021 | $62,431,042▲12.5% | $61,907,108▲12.2% | -$6,259,833▼84.7% | $5,691,536▼21.7% | 990 |
| 2020 | $55,508,640▲13.1% | $55,155,179▲13.5% | -$3,388,574▲26.5% | $7,268,976▼8.3% | 990 |
| 2019 | $49,063,818▼6.0% | $48,611,342▼2.5% | -$4,609,863▼199% | $7,928,390▼7.8% | 990 |
| 2018 | $52,221,772▲3.5% | $49,861,692▼1.2% | -$1,539,254 | $8,599,202▼9.5% | 990 |
| 2017 | $50,476,375▲75.2% | $50,469,015▲6.6% | $0▼100% | $9,505,058▲10.9% | 990 |
| 2016 | $28,817,318▲0.9% | $47,322,407▲11.0% | $1,861▼99.6% | $8,569,395▲17.6% | 990 |
| 2015 | $28,564,464▼0.7% | $42,627,341▼14.6% | $455,755▲910% | $7,287,711▲33.5% | 990 |
| 2014 | $28,761,678▼9.5% | $49,939,734▲12.9% | -$56,234▲99.5% | $5,460,864▲157% | 990 |
| 2013 | $31,795,763 | $44,235,234▲3.9% | -$12,439,471▼9.6% | -$9,665,119▼23.5% | 990 |
| 2012 | — | $42,559,529 | -$11,349,030 | -$7,829,048 | 990 |
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.
Leadership & compensation (FY2023)
Highest-paid: Shobha Hiremagalur Md — $1,297,634 (1.75% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Shobha Hiremagalur Md | Physician | 40 | $1,297,634 |
| Ahmed Khan Md | Physician | 40 | $946,555 |
| Fawwaz Hamati Md | Physician | 40 | $941,395 |
| Vipulkumar Brahmbhatt Md | Physician | 40 | $867,295 |
| Israel Garcia Md | Physician | 40 | $848,881 |
| David Metzger Md Beg Jun 2023 | Physician/president | 40 | $834,862 |
| Jack Whitaker Mdend Jan 2024 | Physician | 40 | $748,199 |
| Steven Hopkins Md Beg Jan 2024 | Physician | 40 | $668,984 |
| Greg Miller Md Beg Jan 2024 | Physician | 40 | $661,706 |
| Jonathan Burress Md End Sep 2023 | Physician | 40 | $660,147 |
| Mark Aziz Md End Jan 2024 | Physician | 40 | $659,843 |
| Stanley Gall Jr Md | Physician/treasurer | 40 | $656,980 |
| Benjamin Culp Md | Vice-president | 40 | $653,990 |
| Keith Kramer Md | Physician | 40 | $653,622 |
| Nafees Mohammed Md Beg Sep 2023 | Physician | 40 | $645,902 |
| Gaurav Rana Md | Physician | 40 | $643,817 |
| Mark Chang Md Start Aug 2023 | Svp,cv Strategy & Transformation/president | 0.5 | $643,330 |
| Mark Patterson Md | Svp/president-bhma | 54.5 | $634,528 |
| Sherryl Croitor Md End Oct 2023 | Physician | 40 | $551,572 |
| Thomas Helton Md Start Sep 2023 | Physician/president | 40 | $279,830 |
Top vendors & contractors (FY2021)
| Contractor | Services | Paid |
|---|---|---|
| Holston Medical Group | Professional Svcs | $459,300 |
| Precision Nuclear LLC | Imaging Services | $213,175 |
Grants received · $142K total
8 grants to Wellmont Cardiology Services totaling $142K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Mayo Clinic Group Return | Support charitable programs | 2024 | $28,765 |
| Mayo Clinic Group Return | Support research program | 2023 | $49,625 |
| Mayo Clinic Group Return | Support charitable programs | 2022 | $20,800 |
| Mayo Clinic Group Return | Support charitable programs | 2021 | $6,800 |
| Mayo Clinic Group Return | Support charitable programs | 2020 | $12,530 |
| Mayo Clinic Group Return | Support charitable programs | 2019 | $12,700 |
| Mayo Clinic Group Return | Support charitable programs | 2018 | $5,050 |
| Mayo Clinic Group Return | Support charitable programs | 2017 | $5,650 |
Grants made · $100K in FY2017
1 grant totaling $100K in FY2017. All grants made by Wellmont Cardiology Services →
| Recipient | Purpose | Amount |
|---|---|---|
| Ballad Health Foundation | Program support | $100,000 |
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Frequently asked questions
- Is Wellmont Cardiology Services a legitimate nonprofit?
- Yes. Wellmont Cardiology Services is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 26-3557623, based in Johnson City, Tennessee. Donations are tax-deductible.
- What is Wellmont Cardiology Services's EIN?
- Wellmont Cardiology Services's Employer Identification Number (EIN) is 26-3557623.
- How much revenue does Wellmont Cardiology Services report?
- Wellmont Cardiology Services reported $72,519,804 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Wellmont Cardiology Services's spending goes to programs?
- Wellmont Cardiology Services spends about 97% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Wellmont Cardiology Services have?
- CharityIndex grades Wellmont Cardiology Services C+, based on program efficiency and fundraising cost.
- How much does Wellmont Cardiology Services's highest-paid employee make?
- The highest reported compensation on Wellmont Cardiology Services's latest Form 990 is $1,297,634, paid to Shobha Hiremagalur Md (Physician).
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Data for Wellmont Cardiology Services (EIN 26-3557623) 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.