Wellmont Health System
- Assets
- $425.4m
- Revenue
- $662.2m
- Investments
- $0.0
- Employees
- 4,424
- Location
- Johnson City, TN
- Founding
- 06/1996
- Data as of
- 06/2020
- EIN
- 62-1636465
Organization Overview
Wellmont Health System, operating under the name Bristol Regional Medical Center, is located in Johnson City, TN. The organization was established in 1996. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 06/2021, Bristol Regional Medical Center employed 4,424 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bristol Regional Medical Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, Bristol Regional Medical Center generated $662.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $627.1m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bristol Regional Medical Center has awarded 127 individual grants totaling $14,257,649. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
MISSION: HONOR THOSE WE SERVE BY DELIVERING THE BEST POSSIBLE CARE.VISION: TO BUILD A LEGACY OF SUPERIOR HEALTH BY LISTENING TO AND CARING FOR THOSE WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Taveau MD Staff Physician | 40 | $990,744 | |
David Pryputniewicz MD Staff Physician | 40 | $882,013 | |
Linda White Vp/pres Nw Mkt | 39.3 | $591,267 | |
Elizabeth Jackson MD Staff Physician | 39.9 | $539,864 | |
Stephanie Hart Staff Physician | 40 | $481,479 | |
Andrew Kramer MD Staff Physician | 40 | $470,201 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
American Anesthesiology Of Tennessee Pc Anesthesiology Services | 6/29/21 | $4,600,500 |
East Tennessee State University Med Supp/gen Acad Svcs | 6/29/21 | $3,995,932 |
Bristol Anesthesia Services Pc Anesthesiology Services | 6/29/21 | $4,231,005 |
Trustaff Travel Nurses Llc Healthcare Staffing Svcs | 6/29/21 | $1,327,001 |
Aya Healthcare Inc Healthcare Staffing Svcs | 6/29/21 | $2,961,829 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,527,702 |
| Investment income | $74,064 |
| Tax Exempt Bond Proceeds | $27,724 |
| Royalties | $0 |
| Net Rental Income | $2,468,050 |
| Net Gain/Loss on Asset Sales | $437,192 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $662,198,822 |
| Statement of Expenses | |
|---|---|
| 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. | $2,298,961 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $190,139,455 |
| Pension plan accruals and contributions | $7,139,802 |
| Other employee benefits | $26,201,120 |
| Payroll taxes | $12,099,642 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $354,435 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $134,730,523 |
| Advertising and promotion | $203,829 |
| Office expenses | $6,688,206 |
| Information technology | $9,305,903 |
| Royalties | $0 |
| Occupancy | $11,992,724 |
| Travel | $448,697 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,339,860 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,778,464 |
| Insurance | $2,271,015 |
| All other expenses | $0 |
| Total functional expenses | $627,121,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,394 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $500,000 |
| Accounts receivable, net | $71,306,024 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,339,872 |
| Inventories for sale or use | $12,936,422 |
| Prepaid expenses and deferred charges | $13,910,495 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $37,626,739 |
| Other assets | $7,424,845 |
| Total assets | $425,394,041 |
| Accounts payable and accrued expenses | $66,051,375 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $67,824,638 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $98,113,555 |
| Total liabilities | $231,989,568 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $193,404,473 |
Grants Awarded
Over the last fiscal year, Wellmont Health System has awarded $11,025,395 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Johnson City, TN PURPOSE: Rural health research | $6,274,533 |
EAST TN STATE UNIVERSITY PURPOSE: Center Nursing Excellence | $4,546,167 |
Bristol, TN PURPOSE: Event sponsorship | $55,000 |
Kingsport, TN PURPOSE: Sponsorship/Renovation Project | $30,250 |
Kingsport, TN PURPOSE: Annual gift contribution | $30,000 |
Kingsport, TN PURPOSE: Event sponsorship | $15,500 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Wellmont Health System has recieved totaling $57,500.
| Awarding Organization | Amount |
|---|---|
Tennessee Hospital Association Brentwood, TN PURPOSE: HEALTHCARE SUPPORT GRANT | $27,500 |
Tennessee Hospital Association Brentwood, TN PURPOSE: HEALTHCARE SUPPORT GRANT | $15,000 |
Tennessee Hospital Association Brentwood, TN PURPOSE: HEALTHCARE SUPPORT GRANT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ssm Health Care Corporation St Louis, MO | $4,485,127,106 | $1,033,534,741 |
Bjc Health System St Louis, MO | $5,456,592,622 | $1,155,105,032 |
Appalachian Regional Healthcare Inc Lexington, KY | $1,267,201,787 | $817,287,479 |
Memorial Health Care System Inc Chattanooga, TN | $833,500,042 | $655,181,018 |
Wellmont Health System Johnson City, TN | $425,394,041 | $662,198,822 |
Virginia Hospital Center Arlington Health System Arlington, VA | $1,877,524,577 | $673,514,509 |
Owensboro Health Regional Hospital Owensboro, KY | $1,685,340,581 | $709,904,993 |
Alexian Brothers Health System St Louis, MO | $397,387,025 | $531,298,685 |
Floyd Healthcare Management Inc Rome, GA | $548,593,704 | $501,302,033 |
Norton Healthcare Inc Louisville, KY | $2,709,209,349 | $492,316,959 |
Carilion Services Inc Roanoke, VA | $938,637,589 | $302,052,496 |
Gulf Health Hospitals Inc Mobile, AL | $254,941,753 | $342,124,939 |