Wellmont Cardiology Services
Wellmont Cardiology Services reported $81.8 million in revenue and $79.8 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $95.69 went to program services, $4.31 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 100.0% of the total. The highest compensation it reported for one person was $1,885,098 (BH EVP/COO). 109 people received more than $100,000 in reportable compensation. Revenue rose 67% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $80MFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $82MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 95.7% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 4.3% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 100.0% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $1,885,098 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.36% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 109 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | -0.5 | 6.6 |
| Independent voting board members Part VI 1a–1b | 0 of 12 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseCardiovascular Associates was established in 1978 to provide comprehensive cardiovascular services to the Northeast Tennessee/Southwest Virginia region. In May 2010, Wellmont Cardiology Services (WCS) acquired substantially all of the assets of Cardiovascular Associates to become the region's largest provider of comprehensive cardiovascular services.This physician group provides top-quality cardiovascular services to Northeast Tennessee, Southwest Virginia, Southeast Kentucky and Northwest North Carolina, as well as areas of West Virginia.WCS strives to improve the cardiovascular health of…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| BH EVP/COO Director/trustee, officer, 1.00 hrs/week | $0 | $1,747,698 | $137,400 | $1,885,098 |
| BH EVP & Chief Phy Executive Director/trustee, 1.00 hrs/week | $0 | $1,375,526 | $131,128 | $1,506,654 |
| BH EVP/CAO Director/trustee, officer, 1.00 hrs/week | $0 | $1,445,711 | $53,543 | $1,499,254 |
| SVP/President-BHMA Officer, 1.00 hrs/week | $0 | $1,108,908 | $103,049 | $1,211,957 |
| Physician Highest compensated employee, 40.00 hrs/week | $945,906 | $0 | $46,529 | $992,435 |
| Physician Highest compensated employee, 40.00 hrs/week | $959,598 | $0 | $20,527 | $980,125 |
| Physician Highest compensated employee, 40.00 hrs/week | $793,741 | $0 | $46,231 | $839,972 |
| Physician Director/trustee, 40.00 hrs/week | $722,632 | $0 | $50,265 | $772,897 |
109 people received more than $100,000 in reportable compensation from Wellmont Cardiology Services (Part VII, line 2). Compensation of current officers, directors and key employees totaled $6.1M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b12 · 0 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5417
Correct a figure or respond
Every number above is copied from Wellmont Cardiology Services's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Wellmont Cardiology Services, you can publish a response that is linked from this page.
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Of every $100 Wellmont Cardiology Services spent in FY2025, $95.69 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of Wellmont Cardiology Services's spending goes to programs?
In the fiscal year ending June 30, 2025, Wellmont Cardiology Services reported that 95.7% of its $79.8 million in expenses went to program services, 4.3% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Wellmont Cardiology Services pay its top executive?
The largest total compensation Wellmont Cardiology Services reported for one person in the fiscal year ending June 30, 2025 was $1,885,098, for the role of BH EVP/COO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Wellmont Cardiology Services get its money?
Of $81.8 million in revenue in the fiscal year ending June 30, 2025, 0.0% came from contributions and grants (including 0.0% from government grants) and 100.0% from program service revenue (Form 990, Part VIII).
Is Wellmont Cardiology Services a registered charity?
The IRS lists EIN 26-3557623 as a 501(c)(3) organization (hospital or medical research organization), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202621339349306267 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501289349302555 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411369349306216 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301329349309335 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221299349302077 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111349349302711 · read the filing
All filings for EIN 26-3557623: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.