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Nonprofiteer
← WELLMONT CARDIOLOGY SERVICES

Form 990 for tax year 2023

Filed by WELLMONT CARDIOLOGY SERVICES.

Totals

Total revenue
$72,519,804
Total expenses
$74,060,828
Contributions and grants received
$15,000
Grants paid
$0
Program service revenue
$71,767,396
Investment income
$16,672
Other revenue
$720,736
Total assets, end of year
$7,200,870
Total liabilities, end of year
$12,652,016
Net assets or fund balances, end of year
-$5,451,146
Program services expenses (Part IX)
$72,182,596
Management and general expenses
$1,878,232
Fundraising expenses
$0
Program service expenses (Part III)
$72,182,596

Program services were 97.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Benjamin Culp MD

    Vice-President

    Total calculated
    $702,221
    From this org
    $653,990
    From related orgs
    $0
    Other
    $48,231
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $577,803
    Bonus
    $75,982
    Other
    $205
    Deferred
    $19,260
    Nontaxable benefits
    $28,971
    Filer's total
    $702,221

  • Clay Runnels MD

    BH EVP & Chief Physician Executive

    Total calculated
    $1,089,040
    From this org
    $0
    From related orgs
    $970,301
    Other
    $118,739
    Hours/week
    0.1 + 64.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $746,205 related
    Bonus
    $0 + $217,294 related
    Other
    $0 + $6,802 related
    Deferred
    $0 + $90,442 related
    Nontaxable benefits
    $0 + $28,297 related
    Filer's total
    $0 + $1,089,040 related

  • David Metzger MD beg Jun 2023

    Physician/President

    Total calculated
    $866,395
    From this org
    $834,862
    From related orgs
    $0
    Other
    $31,533
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $457,696
    Bonus
    $139,565
    Other
    $237,601
    Deferred
    $13,685
    Nontaxable benefits
    $17,848
    Filer's total
    $866,395

  • Eric Deaton

    BH EVP/COO

    Total calculated
    $1,245,540
    From this org
    $0
    From related orgs
    $1,121,767
    Other
    $123,773
    Hours/week
    0.1 + 64.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $851,884 related
    Bonus
    $0 + $253,329 related
    Other
    $0 + $16,554 related
    Deferred
    $0 + $98,731 related
    Nontaxable benefits
    $0 + $25,042 related
    Filer's total
    $0 + $1,245,540 related

  • Jack Whitaker MDend Jan 2024

    Physician

    Total calculated
    $791,210
    From this org
    $748,199
    From related orgs
    $0
    Other
    $43,011
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $662,733
    Bonus
    $75,982
    Other
    $9,484
    Deferred
    $20,470
    Nontaxable benefits
    $22,541
    Filer's total
    $791,210

  • Jonathan Burress MD end Sep 2023

    Physician

    Total calculated
    $708,085
    From this org
    $660,147
    From related orgs
    $0
    Other
    $47,938
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $579,905
    Bonus
    $75,457
    Other
    $4,785
    Deferred
    $21,714
    Nontaxable benefits
    $26,224
    Filer's total
    $708,085

  • Keith Kramer MD

    Physician

    Total calculated
    $702,161
    From this org
    $653,622
    From related orgs
    $0
    Other
    $48,539
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $577,841
    Bonus
    $74,482
    Other
    $1,299
    Deferred
    $19,607
    Nontaxable benefits
    $28,932
    Filer's total
    $702,161

  • Mark Chang MD start Aug 2023

    SVP,CV Strategy & Transformation/President

    Total calculated
    $721,947
    From this org
    $643,330
    From related orgs
    $0
    Other
    $78,617
    Hours/week
    0.5 + 54.5 related

    Schedule J breakdown matched by us

    Base
    $564,349
    Bonus
    $75,711
    Other
    $3,270
    Deferred
    $48,689
    Nontaxable benefits
    $29,928
    Filer's total
    $721,947

  • Marvin Eichorn

    BH EVP/CAO/Secretary

    Total calculated
    $1,124,281
    From this org
    $0
    From related orgs
    $1,073,543
    Other
    $50,738
    Hours/week
    0.1 + 64.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $782,057 related
    Bonus
    $0 + $240,415 related
    Other
    $0 + $51,071 related
    Deferred
    $0 + $19,805 related
    Nontaxable benefits
    $0 + $30,933 related
    Filer's total
    $0 + $1,124,281 related

  • Sherryl Croitor MD end Oct 2023

    Physician

    Total calculated
    $567,873
    From this org
    $551,572
    From related orgs
    $0
    Other
    $16,301
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $473,906
    Bonus
    $74,482
    Other
    $3,184
    Deferred
    $16,088
    Nontaxable benefits
    $213
    Filer's total
    $567,873

  • Stanley Gall Jr MD

    Physician/Treasurer

    Total calculated
    $703,589
    From this org
    $656,980
    From related orgs
    $0
    Other
    $46,609
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $579,785
    Bonus
    $75,982
    Other
    $1,213
    Deferred
    $19,621
    Nontaxable benefits
    $26,988
    Filer's total
    $703,589

  • Thomas Helton MD start Sep 2023

    Physician/President

    Total calculated
    $286,276
    From this org
    $279,830
    From related orgs
    $0
    Other
    $6,446
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $256,998
    Bonus
    $22,795
    Other
    $37
    Deferred
    $4,325
    Nontaxable benefits
    $2,121
    Filer's total
    $286,276

  • Tony Keck end Aug 2023

    BH EVP/Sys Innov & CPMO

    Total calculated
    $818,939
    From this org
    $0
    From related orgs
    $716,766
    Other
    $102,173
    Hours/week
    0.1 + 64.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $540,176 related
    Bonus
    $0 + $163,908 related
    Other
    $0 + $12,682 related
    Deferred
    $0 + $71,915 related
    Nontaxable benefits
    $0 + $30,258 related
    Filer's total
    $0 + $818,939 related

  • Steven Hopkins MD beg Jan 2024

    Physician

    Total calculated
    $716,745
    From this org
    $668,984
    From related orgs
    $0
    Other
    $47,761
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $592,203
    Bonus
    $75,982
    Other
    $799
    Deferred
    $19,805
    Nontaxable benefits
    $27,956
    Filer's total
    $716,745

  • Gaurav Rana MD

    Physician

    Total calculated
    $691,588
    From this org
    $643,817
    From related orgs
    $0
    Other
    $47,771
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $568,629
    Bonus
    $64,984
    Other
    $10,204
    Deferred
    $19,425
    Nontaxable benefits
    $28,346
    Filer's total
    $691,588

  • Nafees Mohammed MD beg Sep 2023

    Physician

    Total calculated
    $656,122
    From this org
    $645,902
    From related orgs
    $0
    Other
    $10,220
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $582,024
    Bonus
    $63,691
    Other
    $187
    Deferred
    $0
    Nontaxable benefits
    $10,220
    Filer's total
    $656,122

  • Mark Aziz MD end Jan 2024

    Physician

    Total calculated
    $684,153
    From this org
    $659,843
    From related orgs
    $0
    Other
    $24,310
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $585,013
    Bonus
    $74,538
    Other
    $292
    Deferred
    $2,550
    Nontaxable benefits
    $21,760
    Filer's total
    $684,153

  • Greg Miller MD beg Jan 2024

    Physician

    Total calculated
    $707,252
    From this org
    $661,706
    From related orgs
    $0
    Other
    $45,546
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $579,527
    Bonus
    $75,982
    Other
    $6,197
    Deferred
    $18,300
    Nontaxable benefits
    $27,246
    Filer's total
    $707,252

  • Mark Patterson MD

    SVP/President-BHMA

    Total calculated
    $733,290
    From this org
    $634,528
    From related orgs
    $0
    Other
    $98,762
    Hours/week
    54.5 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $479,821
    Bonus
    $140,696
    Other
    $14,011
    Deferred
    $68,528
    Nontaxable benefits
    $30,234
    Filer's total
    $733,290

  • Matthew Lazari

    CFO-BHMA

    Total calculated
    $253,780
    From this org
    $0
    From related orgs
    $218,945
    Other
    $34,835
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $175,437 related
    Bonus
    $0 + $42,457 related
    Other
    $0 + $1,051 related
    Deferred
    $0 + $10,904 related
    Nontaxable benefits
    $0 + $23,931 related
    Filer's total
    $0 + $253,780 related

  • Ahmed Khan MD

    Physician

    Total calculated
    $991,027
    From this org
    $946,555
    From related orgs
    $0
    Other
    $44,472
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $933,779
    Bonus
    $12,776
    Other
    $0
    Deferred
    $20,755
    Nontaxable benefits
    $23,717
    Filer's total
    $991,027

  • Shobha Hiremagalur MD

    Physician

    Total calculated
    $1,316,166
    From this org
    $1,297,634
    From related orgs
    $0
    Other
    $18,532
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $850,354
    Bonus
    $0
    Other
    $447,280
    Deferred
    $18,300
    Nontaxable benefits
    $232
    Filer's total
    $1,316,166

  • Fawwaz Hamati MD

    Physician

    Total calculated
    $960,399
    From this org
    $941,395
    From related orgs
    $0
    Other
    $19,004
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $928,610
    Bonus
    $0
    Other
    $12,785
    Deferred
    $18,300
    Nontaxable benefits
    $704
    Filer's total
    $960,399

  • Vipulkumar Brahmbhatt MD

    Physician

    Total calculated
    $886,861
    From this org
    $867,295
    From related orgs
    $0
    Other
    $19,566
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $867,000
    Bonus
    $0
    Other
    $295
    Deferred
    $18,315
    Nontaxable benefits
    $1,251
    Filer's total
    $886,861

  • Israel Garcia MD

    Physician

    Total calculated
    $888,674
    From this org
    $848,881
    From related orgs
    $0
    Other
    $39,793
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $837,500
    Bonus
    $0
    Other
    $11,381
    Deferred
    $18,300
    Nontaxable benefits
    $21,493
    Filer's total
    $888,674

  • Chase Wilson end Apr 2023

    Former Officer

    Total calculated
    $320,204
    From this org
    $0
    From related orgs
    $278,455
    Other
    $41,749
    Hours/week
    0 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $216,567 related
    Bonus
    $0 + $61,672 related
    Other
    $0 + $216 related
    Deferred
    $0 + $13,590 related
    Nontaxable benefits
    $0 + $28,159 related
    Filer's total
    $0 + $320,204 related

  • Leanne Cox end Oct 2020

    Former Officer VP/CFO

    Total calculated
    $144,949
    From this org
    $0
    From related orgs
    $110,888
    Other
    $34,061
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $109,874 related
    Bonus
    $0
    Other
    $0 + $1,014 related
    Deferred
    $0 + $7,131 related
    Nontaxable benefits
    $0 + $26,930 related
    Filer's total
    $0 + $144,949 related

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 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 4b
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. Eric Deaton $78,933 Clay Runnels, M.D. $70,664 Tony Keck $52,137 Mark Patterson. M.D. $48,905 Mark Chang, M.D. $28,423

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

No itemized grants to organizations on this return.

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
2023
Filed
8 May 2025
IRS schema version
2023v6.0
Source object
202501289349302555

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