Overview
What is Wellmont Medical Associates Inc?
Wellmont Medical Associates Inc, a Johnson City, Tennessee-based nonprofit healthcare provider, is led by medical professionals and offers comprehensive care to patients in the Tri-Cities region of Northeast Tennessee and Southwest Virginia. With a commitment to physician leadership, Wellmont delivers top-notch medical services including primary care, OB/GYN, surgery, oncology, and various specialties such as neurology, pulmonology, and behavioral health. The organization, which had 1008 employees in fiscal year 2022 and 630,936 patient encounters, is dedicated to enhancing community access to quality, affordable healthcare. Despite incurring losses due to charity care and mandated reductions in reimbursement, Wellmont remains steadfast in its mission to support local causes and provide educational programs to promote healthy living, risk factor identification, and diagnosis and treatment options.
Official website here: www.balladhealth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66% (Two-Star out of Four Stars)
Wellmont Medical Associates Inc holds a Two-Star rating from Charity Navigator, indicating that while it meets certain standards, there are significant areas for improvement. The overall score reflects a lack of independent board members, which may raise concerns about governance and accountability. However, the organization does display strengths in its financial oversight and transparency, as evidenced by high scores in areas such as audit and oversight committee functionality and the presence of key policies like conflict of interest and whistleblower protections.
The nonprofit demonstrates a solid commitment to its programmatic mission, with a program expense ratio of 91.60%, indicating that a substantial portion of its funds is directed towards its primary activities. Nevertheless, the organization faces challenges, particularly highlighted by its liabilities to assets ratio of 84.57%, suggesting potential financial instability. Furthermore, the absence of the tax form on its website could hinder transparency and accessibility for stakeholders seeking detailed financial information.
In conclusion, while Wellmont Medical Associates Inc exhibits strengths in specific operational areas, the overall rating and certain financial metrics underscore the need for improvement, especially in governance and financial management. Prospective donors and stakeholders may wish to consider these factors when assessing the organization's effectiveness and reliability.
This AI summary has been generated from information found on Charity Navigator.
Is Wellmont Medical Associates Inc legitimate?
Wellmont Medical Associates Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wellmont Medical Associates Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $383,813
Professional Fundraising Fees: $0
Other Salaries and Wages: $84,766,433
For more financial information, click here
Official website here: www.balladhealth.org
What is the mission statement of Wellmont Medical Associates Inc?
Wellmont Medical Associates Inc is dedicated to delivering the highest quality of care to those they serve. The mission-driven organization prioritizes physician leadership and offers a range of medical services including primary care, OB/GYN, surgery, and more. Despite financial challenges in providing care to patients covered by Medicare, Medicaid, and other insurance programs, WMA remains committed to community improvement and education. They sponsor programs on healthy lifestyles, risk factor identification, and provide free medical care to underserved populations through initiatives like the Remote Area Medical clinic. WMA's employees also volunteer their time to local nonprofits, such as the United Way and the East Tennessee affiliate of Susan G. Komen for the Cure.
Official website here: www.balladhealth.org
Who is the CEO of Wellmont Medical Associates Inc?
Mark Patterson Md Bh Svp is the CEO of Wellmont Medical Associates Inc The CEO's salary of Wellmont Medical Associates Inc is $634,528 and their total compensation is $733,290.
Official website here: www.balladhealth.org
What is the revenue of Wellmont Medical Associates Inc?
Wellmont Medical Associates Inc's revenue in 2024 was $144,154,605.
Official website here: www.balladhealth.org
Who are the executives of Wellmont Medical Associates Inc and what are their salaries?
The average compensation at Wellmont Medical Associates Inc during 2024 was $80,104. There are 1063 employees at Wellmont Medical Associates Inc.
Here are 24 key members and their salaries (Wellmont Medical Associates Inc's CEO's salary is $634,528 and their total compensation is $733,290):
- Compensation: $0
- Related: $1,983,279
- Other: $264,516
- Compensation: $0
- Related: $1,121,767
- Other: $123,773
- Compensation: $0
- Related: $1,073,543
- Other: $50,738
- Compensation: $0
- Related: $567,016
- Other: $57,811
- Compensation: $634,528
- Related: $0
- Other: $98,762
- Compensation: $218,945
- Related: $0
- Other: $34,835
- Compensation: $0
- Related: $630,028
- Other: $100,190
- Compensation: $580,989
- Related: $0
- Other: $40,418
- Compensation: $792,310
- Related: $0
- Other: $18,560
- Compensation: $788,542
- Related: $0
- Other: $16,170
- Compensation: $1,014,281
- Related: $0
- Other: $47,024
- Compensation: $958,561
- Related: $0
- Other: $11,376
- Compensation: $763,493
- Related: $0
- Other: $41,291
- Compensation: $0
- Related: $398,602
- Other: $62,837
- Compensation: $0
- Related: $278,455
- Other: $41,749
- Compensation: $254,635
- Related: $0
- Other: $29,489
- Compensation: $572,800
- Related: $0
- Other: $48,755
- Compensation: $0
- Related: $110,888
- Other: $34,061
- Compensation: $0
- Related: $994,596
- Other: $120,642
- Compensation: $429,968
- Related: $0
- Other: $29,175
- Compensation: $416,581
- Related: $0
- Other: $47,423
- Compensation: $0
- Related: $162,508
- Other: $2,542
- Compensation: $193,084
- Related: $0
- Other: $35,856
- Compensation: $257,542
- Related: $0
- Other: $36,652
Official website here: www.balladhealth.org
Where can I find the form 990 for Wellmont Medical Associates Inc?
Wellmont Medical Associates Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.balladhealth.org
Learn more at the official website: www.balladhealth.org
Mission Statement of Wellmont Medical Associates Inc
Wellmont Medical Associates, Inc. (WMA) is a non-profit healthcare provider with a mission to deliver the best possible care to those it serves. The organization is physician-led and committed to utilizing the latest technological advances to ensure superior patient care. WMA offers a comprehensive range of medical services including primary care, OB/GYN, surgery, oncology, outpatient and urgent care centers, neurology, pulmonology, spine and rehabilitation, behavioral health, sleep center, occupational medicine, physical therapy, pain management, palliative medicine, and hospitalists.
WMA is deeply rooted in its community and dedicated to improving access to quality, affordable healthcare. In fiscal year 2022, the organization had over 630,000 patient encounters. Despite some patients being unable to afford essential medical services, WMA incurred significant losses in providing charity care and caring for patients covered by Medicare, Medicaid, TennCare, and Champus. This shortfall totaled over $25 million due to mandated reductions in Medicare funding and declining reimbursement from TennCare.
In line with its commitment to the community, WMA sponsors educational, community-based programs aimed at improving healthy lifestyles, identifying risk factors, and offering diagnosis and treatment options. Some of these programs include lectures about asthma in area elementary schools, sponsoring a free clinic, offering free medical care through the Remote Area Medical clinic, and supporting various community health initiatives. WMA also participates in health fairs and community screenings and encourages its employees to volunteer with local nonprofit organizations, such as the United Way and the East Tennessee affiliate of Susan G. Komen for the Cure.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Wellmont Medical Associates Inc (WMA) plays a vital role in enhancing healthcare access and quality in the Tri-Cities region of Northeast Tennessee and Southwest Virginia. With a focus on delivering exceptional care, WMA provides a comprehensive range of medical services including primary care, oncology, behavioral health, and outpatient care, among others. Its physician-led structure ensures that the needs of patients are prioritized, fostering a culture of accountability and responsiveness in healthcare delivery.
In fiscal year 2022, WMA facilitated 630,936 patient encounters, exemplifying its commitment to meeting the healthcare demands of the community. Despite the challenges of serving underinsured populations, WMA absorbed significant financial losses due to charity care and unfunded Medicare and Medicaid services. This commitment underscores its dedication to serving all community members, regardless of their financial situation.
WMA actively contributes to community health education by sponsoring programs designed to promote healthy lifestyles and preventative care. Through initiatives such as free clinics and health screenings, as well as educational lectures in local schools, WMA not only addresses immediate healthcare needs but also fosters long-term health improvements. Collaborations with other local organizations further enhance its outreach, ensuring a wider impact on public health.
By maintaining a strong presence in the community and addressing both healthcare needs and educational opportunities, Wellmont Medical Associates continues to improve the overall quality of life in the Appalachian Highlands, making it a crucial asset to the well-being of its residents.
This information is meant to be a general summary of Wellmont Medical Associates Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $43,030
- Program Service Revenue: $143,855,312
- Gross Receipts: $144,632,933
Assets and Liabilities:
- Total Assets: $18,025,626
- Total Liabilities: $19,811,991
- Net Assets: -$1,786,365
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Net Patient Revenue
Revenue
$88,287,958
Hospital Support
Revenue
$55,189,765
Medical Education Training
Revenue
$289,390
Clinical Services
Revenue
$88,199
Organization Details
Founding Year
2008
Principal Officer
Chase Wilson
Website
www.balladhealth.orgNTEE Category
Code: E30 - Health
If you are a representative of Wellmont Medical Associates Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.