Skip to content
Nonprofiteer
← BALLAD HEALTH

Form 990 for tax year 2024

Filed by BALLAD HEALTH.

Totals

Total revenue
$130,240,270
Total expenses
$95,277,013
Contributions and grants received
$11,043,877
Grants paid
$2,007,011
Program service revenue
$14,327,992
Investment income
$100,341,703
Other revenue
$4,526,698
Total assets, end of year
$1,973,498,062
Total liabilities, end of year
$1,322,629,513
Net assets or fund balances, end of year
$650,868,549
Program services expenses (Part IX)
$239,566,694
Management and general expenses
-$144,631,790
Fundraising expenses
$342,109
Program service expenses (Part III)
$239,566,694

Program services were 251.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Alan Levine PresidentCEO

    Executive Chair

    Total calculated
    $4,135,022
    From this org
    $3,848,876
    From related orgs
    $0
    Other
    $286,146
    Hours/week
    57 + 8 related

    Schedule J breakdown matched by us

    Base
    $1,520,581
    Bonus
    $2,128,611
    Other
    $199,684
    Deferred
    $253,530
    Nontaxable benefits
    $32,616
    Filer's total
    $4,135,022

  • Marta Wayt MD BHMA

    Director

    Total calculated
    $475,921
    From this org
    $0
    From related orgs
    $445,434
    Other
    $30,487
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $420,344 related
    Bonus
    $0 + $21,195 related
    Other
    $0 + $3,895 related
    Deferred
    $0 + $19,992 related
    Nontaxable benefits
    $0 + $10,495 related
    Filer's total
    $0 + $475,921 related

  • Aldo Noseda

    Director

    Total calculated
    $0
    Hours/week
    5

  • Keith Wilson

    Director

    Total calculated
    $0
    Hours/week
    5

  • David Golden

    Director

    Total calculated
    $0
    Hours/week
    5

  • Dr Brian Noland

    Director, Vice Chair

    Total calculated
    $0
    Hours/week
    5

  • Scott Niswonger

    Director

    Total calculated
    $0
    Hours/week
    5

  • David May MD

    Director

    Total calculated
    $0
    Hours/week
    5

  • David Lester

    Director, Treasurer

    Total calculated
    $0
    Hours/week
    5

  • Martin Kent

    Director

    Total calculated
    $0
    Hours/week
    5

  • Michael J Quillen

    Director

    Total calculated
    $0
    Hours/week
    5

  • Shane Hilton EVP

    Chief Financial Officer

    Total calculated
    $1,101,222
    From this org
    $988,163
    From related orgs
    $0
    Other
    $113,059
    Hours/week
    57 + 8 related

    Schedule J breakdown matched by us

    Base
    $615,030
    Bonus
    $366,316
    Other
    $6,817
    Deferred
    $80,643
    Nontaxable benefits
    $32,416
    Filer's total
    $1,101,222

  • Eric Deaton EVP

    Chief Operating Officer

    Total calculated
    $1,885,098
    From this org
    $1,747,698
    From related orgs
    $0
    Other
    $137,400
    Hours/week
    57 + 8 related

    Schedule J breakdown matched by us

    Base
    $894,611
    Bonus
    $604,644
    Other
    $248,443
    Deferred
    $110,198
    Nontaxable benefits
    $27,202
    Filer's total
    $1,885,098

  • Marvin Eichorn EVP

    Chief Administrative Officer

    Total calculated
    $1,499,254
    From this org
    $1,445,711
    From related orgs
    $0
    Other
    $53,543
    Hours/week
    57 + 8 related

    Schedule J breakdown matched by us

    Base
    $805,288
    Bonus
    $598,349
    Other
    $42,074
    Deferred
    $20,040
    Nontaxable benefits
    $33,503
    Filer's total
    $1,499,254

  • Julie Bennett CLOGovnc Offcr

    Director, Secretary

    Total calculated
    $1,078,975
    From this org
    $976,689
    From related orgs
    $0
    Other
    $102,286
    Hours/week
    57 + 8 related

    Schedule J breakdown matched by us

    Base
    $564,044
    Bonus
    $403,122
    Other
    $9,523
    Deferred
    $78,804
    Nontaxable benefits
    $23,482
    Filer's total
    $1,078,975

  • Anthony Keck EVP

    Chief Transformation Officer

    Total calculated
    $1,106,839
    From this org
    $996,815
    From related orgs
    $0
    Other
    $110,024
    Hours/week
    64 + 1 related

    Schedule J breakdown matched by us

    Base
    $563,999
    Bonus
    $385,795
    Other
    $47,021
    Deferred
    $77,565
    Nontaxable benefits
    $32,459
    Filer's total
    $1,106,839

  • Pam Austin SVP

    Chief Information Officer

    Total calculated
    $843,840
    From this org
    $764,221
    From related orgs
    $0
    Other
    $79,619
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $458,150
    Bonus
    $288,335
    Other
    $17,736
    Deferred
    $66,148
    Nontaxable benefits
    $13,471
    Filer's total
    $843,840

  • Lisa Smithgall SVP

    Chief Nursing Executive

    Total calculated
    $721,060
    From this org
    $628,794
    From related orgs
    $0
    Other
    $92,266
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $472,618
    Bonus
    $136,871
    Other
    $19,305
    Deferred
    $68,259
    Nontaxable benefits
    $24,007
    Filer's total
    $721,060

  • Amit Vashist MD

    Chief Clinical Officer

    Total calculated
    $928,920
    From this org
    $847,756
    From related orgs
    $0
    Other
    $81,164
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $521,762
    Bonus
    $300,503
    Other
    $25,491
    Deferred
    $68,307
    Nontaxable benefits
    $12,857
    Filer's total
    $928,920

  • Clay Runnels MD EVP

    Chief Physician Executive

    Total calculated
    $1,506,654
    From this org
    $1,375,526
    From related orgs
    $0
    Other
    $131,128
    Hours/week
    64 + 1 related

    Schedule J breakdown matched by us

    Base
    $797,671
    Bonus
    $541,155
    Other
    $36,700
    Deferred
    $100,731
    Nontaxable benefits
    $30,397
    Filer's total
    $1,506,654

  • Steve Kilgore SVP

    Retail & Physician Svcs.

    Total calculated
    $1,755,761
    From this org
    $1,651,089
    From related orgs
    $0
    Other
    $104,672
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $508,344
    Bonus
    $323,696
    Other
    $819,049
    Deferred
    $72,018
    Nontaxable benefits
    $32,654
    Filer's total
    $1,755,761

  • Deborah Dover SVP

    Chief Human Resources Officer

    Total calculated
    $861,932
    From this org
    $779,824
    From related orgs
    $0
    Other
    $82,108
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $449,422
    Bonus
    $276,686
    Other
    $53,716
    Deferred
    $66,918
    Nontaxable benefits
    $15,190
    Filer's total
    $861,932

  • Bradley Price SVP

    Regional Ops & Svc. Line Dev.

    Total calculated
    $826,688
    From this org
    $736,224
    From related orgs
    $0
    Other
    $90,464
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $440,981
    Bonus
    $271,255
    Other
    $23,988
    Deferred
    $64,283
    Nontaxable benefits
    $26,181
    Filer's total
    $826,688

  • Lynn Krutak

    Former Officer

    Total calculated
    $1,177,446
    From this org
    $1,101,262
    From related orgs
    $0
    Other
    $76,184
    Hours/week
    57 + 8 related

    Schedule J breakdown matched by us

    Base
    $414,747
    Bonus
    $526,405
    Other
    $160,110
    Deferred
    $53,781
    Nontaxable benefits
    $22,403
    Filer's total
    $1,177,446

  • Shana Tate VP Financial Mgmt

    Former Key Employee

    Total calculated
    $415,703
    From this org
    $365,817
    From related orgs
    $0
    Other
    $49,886
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $293,254
    Bonus
    $70,798
    Other
    $1,765
    Deferred
    $18,034
    Nontaxable benefits
    $31,852
    Filer's total
    $415,703

  • Melissa Carr Sr Dir Treasury

    Former Key Employee

    Total calculated
    $150,921
    From this org
    $132,197
    From related orgs
    $0
    Other
    $18,724
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,919
    Bonus
    $0
    Other
    $1,278
    Deferred
    $8,052
    Nontaxable benefits
    $10,672
    Filer's total
    $150,921

  • Tim Belisle

    Former Officer

    Total calculated
    $448,129
    From this org
    $448,129
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $448,129
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $448,129

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Answered no

  • 4a · Severance or change-of-control payment
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 1a
Unless expressly approved by the Ballad Health Executive Chair/President, first-class transportation is generally not permitted. The Executive Chair/President may utilize first class travel for flights of a long duration. The Vice Chair/Lead Independent Director of the Board of Directors reviews and determines approval for expense reimbursement requests made by the Executive Chair/President. Charter flights must be approved in advance by the Executive Chair/President and are limited to business trips that can be justified based on financial savings, essential time savings and meeting logistics. On an annual basis, the Internal Audit Department of Ballad Health validates all charter travel was for valid business purposes and in compliance with the Ballad Health senior executive travel and business reimbursement policy.
Part I, Lines 4b-c
The following executives listed in Schedule J, Part II participated in a 457(f) retirement plan provided by Ballad Health (BH). The 457(f) plan is a nonqualified tax-deferred compensation plan available to a select group of key executives for the intent of supporting retention and to offer a competitive total retirement program. Account balances have a "substantial risk of forfeiture". In addition to creditor risk, substantial risk of forfeiture is created through default risk if the participant's employment with BH is terminated prior to age 65. However, the 457(f) plan contains a non-compete provision that provides the account balance to be paid in a lump sum after the executive satisfies the two-year non-compete period. This provision applies to employer contributions if the executive has provided eligible service for six or more years. The executive will receive the entire account balance if he/she becomes disabled, dies or if the executive terminates for "good reason or is involuntarily terminated without "good cause" within a 24-month period after a change-of-control occurs. Distributions from this plan are subject to federal, state, and local taxes on the entire account balance upon distribution. Alan Levine $233,490 Eric Deaton $90,158 Lynn Krutak $38,666 Tony Keck $57,525 Julie Bennett $56,613 Steve Kilgore $51,978 Clay Runnels, MD $80,691 Shane Hilton $60,603 Lisa Smithgall $47,625 Pam Austin $46,300 Amit Vashist, MD $48,254 Debbie Dover $45,370 Bradley Price $44,483 Upon meeting the Substantial Risk of Forfeiture provisions of the Ballad Health 457(f) Plan mentioned above, the following former executive received his deferred compensation plan balance during the year. Timothy Belisle $448,129

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
13 May 2026
IRS schema version
2024v5.5
Source object
202601339349302255

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.