Ballad Health
Ballad Health reported $130.2 million in revenue and $95.3 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $99.86 went to program services, $0.00 to management and general costs and $0.14 to fundraising. Its largest source of revenue was investment income: 77.0% of the total. The highest compensation it reported for one person was $4,135,022 (Executive Chair). 305 people received more than $100,000 in reportable compensation. Revenue rose 131% 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 $95MFor 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 $130MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 251.4% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | -151.8% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.4% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.03 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 8.5% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 3.4% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 11.0% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $4,135,022 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 4.34% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 305 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 82.0 | 6.6 |
| Independent voting board members Part VI 1a–1b | 9 of 11 | 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 expenseHighest 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 |
|---|---|---|---|---|
| Executive Chair Director/trustee, officer, 57.00 hrs/week | $3,848,876 | $0 | $286,146 | $4,135,022 |
| Chief Operating Officer Officer, 57.00 hrs/week | $1,747,698 | $0 | $137,400 | $1,885,098 |
| Retail & Physician Svcs. Highest compensated employee, 55.00 hrs/week | $1,651,089 | $0 | $104,672 | $1,755,761 |
| Chief Physician Executive Highest compensated employee, 64.00 hrs/week | $1,375,526 | $0 | $131,128 | $1,506,654 |
| Chief Administrative Officer Officer, 57.00 hrs/week | $1,445,711 | $0 | $53,543 | $1,499,254 |
| Former Officer Former, 57.00 hrs/week | $1,101,262 | $0 | $76,184 | $1,177,446 |
| Chief Transformation Officer Key employee, 64.00 hrs/week | $996,815 | $0 | $110,024 | $1,106,839 |
| Chief Financial Officer Officer, 57.00 hrs/week | $988,163 | $0 | $113,059 | $1,101,222 |
305 people received more than $100,000 in reportable compensation from Ballad Health (Part VII, line 2). Compensation of current officers, directors and key employees totaled $13M (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–1b11 · 9 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 15aYes
- 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 26Yes
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- 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 52,394
Private foundation grants it received
3 private foundations reported grants to Ballad Health totaling $394K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Ballad Health's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Ballad Health, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Ballad Health spent in FY2025, $99.86 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Siskiyou HospitalYreka, CA · revenue $130M · programs 68.8% · 2024
- Alexian Brothers Health SystemSt Louis, MO · revenue $130M · programs 96.4% · FY2025
- Calvary HospitalBronx, NY · revenue $130M · programs 80.1% · 2024
- Trinity Health Mid-Atlantic Medical GroupLanghorne, PA · revenue $130M · programs 90.8% · FY2025
- Western HealthconnectRenton, WA · revenue $130M · programs 92.2% · 2024
Questions people ask
How much of Ballad Health's spending goes to programs?
In the fiscal year ending June 30, 2025, Ballad Health reported that 251.4% of its $95.3 million in expenses went to program services, -151.8% to management and general and 0.4% to fundraising (Form 990, Part IX).
How much does Ballad Health pay its top executive?
The largest total compensation Ballad Health reported for one person in the fiscal year ending June 30, 2025 was $4,135,022, for the role of Executive Chair (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Ballad Health get its money?
Of $130.2 million in revenue in the fiscal year ending June 30, 2025, 8.5% came from contributions and grants (including 3.4% from government grants) and 11.0% from program service revenue (Form 990, Part VIII).
Is Ballad Health a registered charity?
The IRS lists EIN 61-1771290 as a 501(c)(3) organization (supporting organization, type ii), 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 202601339349302255 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202541279349301994 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202421359349309787 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341319349305344 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202211299349302141 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202101349349301245 · read the filing
All filings for EIN 61-1771290: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.