Ballad Health
- Assets
- $1.9b
- Revenue
- $90.9m
- Investments
- $19.2m
- Employees
- 1,881
- Location
- Johnson City, TN
- Founding
- 05/2016
- Data as of
- 06/2022
- EIN
- 61-1771290
Organization Overview
Ballad Health is located in Johnson City, TN. The organization was established in 2016. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., under the broad grouping of Health Care and related organizations. As of 06/2023, Ballad Health employed 1,881 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ballad Health is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HONOR THOSE WE SERVE BY DELIVERING THE BEST POSSIBLE CARE.
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Levine Presidentceo Executive Chair | OfficerTrustee | 59 | $4,083,029 |
Barbara Allen End 1021 Director | Trustee | 4 | $0 |
Julie Bennett Director | Trustee | 4 | $0 |
Doug Springer MD Secretary | OfficerTrustee | 4 | $0 |
David Lester Vice Chair | OfficerTrustee | 4 | $0 |
David May MD Director | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ensemble Rcm Llc Rev Cycle Mgmt | 6/29/22 | $68,955,487 |
Medical Solutions Llc Contract Nursing | 6/29/22 | $8,358,704 |
Virginia Highlands Anesthesia Pc Anesthesia Svcs | 6/29/22 | $5,965,932 |
Anesthesia Pain Counsultants Anesthesia Svcs | 6/29/22 | $5,774,741 |
Trustaff Travel Nurses Llc Contract Nursing | 6/29/22 | $5,084,436 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $208,565 |
| Government grants | $2,734,302 |
| All other contributions, gifts, grants, and similar amounts not included above | $391,380 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,334,247 |
| Total Program Service Revenue | $12,958,715 |
| Investment income | $31,811,283 |
| Tax Exempt Bond Proceeds | $1,000,910 |
| Royalties | $0 |
| Net Rental Income | -$122,941 |
| Net Gain/Loss on Asset Sales | $43,917,210 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $90,929,944 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $55,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $9,050,144 |
| Compensation of current officers, directors, key employees. | $9,050,144 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,842,510 |
| Pension plan accruals and contributions | $731,654 |
| Other employee benefits | $2,149,233 |
| Payroll taxes | $1,326,122 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,961,347 |
| Fees for services: Accounting | $670,038 |
| Fees for services: Lobbying | $985,473 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,218,708 |
| Fees for services: Other | $17,123,792 |
| Advertising and promotion | $2,110,541 |
| Office expenses | $5,004,042 |
| Information technology | $4,808,938 |
| Royalties | $0 |
| Occupancy | $4,516,448 |
| Travel | $992,794 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,942,629 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,242,680 |
| Insurance | $1,665,159 |
| All other expenses | -$79,570,020 |
| Total functional expenses | $86,860,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,725,345 |
| Savings and temporary cash investments | $112,198,020 |
| Pledges and grants receivable | $1,136,439 |
| Accounts receivable, net | $4,003,327 |
| Loans from Officers, Directors, or Controlling Persons | $5,007,341 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $30,237,513 |
| Inventories for sale or use | $2,664,061 |
| Prepaid expenses and deferred charges | $17,878,667 |
| Net Land, buildings, and equipment | $244,636,992 |
| Investments—publicly traded securities | $1,034,030,206 |
| Investments—other securities | $19,203,838 |
| Investments—program-related | $243,927,163 |
| Intangible assets | $133,326,592 |
| Other assets | $45,134,886 |
| Total assets | $1,902,110,390 |
| Accounts payable and accrued expenses | $84,229,440 |
| Grants payable | $0 |
| Deferred revenue | $275,339 |
| Tax-exempt bond liabilities | $1,145,545,290 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $16,541,411 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $32,203,038 |
| Total liabilities | $1,278,794,518 |
| Net assets without donor restrictions | $623,054,287 |
| Net assets with donor restrictions | $261,585 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,902,110,390 |
Grants Awarded
Over the last fiscal year, Ballad Health has awarded $55,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AUTOPLAY INC PURPOSE: Supports children with diagnosis of physical disability | $20,000 |
APPALACHIAN MOUNTAIN PROJECT ACCESS INC PURPOSE: Tri-Cities RAM Clinic Support | $15,000 |
COAILITION FOR BETTER HEALTH PURPOSE: Improve health conditions & battle chronic, behavior-related diseases in TN | $20,000 |