Ballad Health

Nonprofit profile at a glance

EIN
611771290
IRS 990 coverage
2017–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-EZ 2016, Form 990-T 2024
Location
Johnson City, TN, USA
Phone
(888) 288-5174
Rating
91
Verdict
STRONG
Rating confidence
Standard
Sector
Nonmonetary Support N.E.C.

Official website

Reported finances

Revenue
$130,240,270
Expenses
$95,277,013
Assets
$1,973,498,062
Liabilities
$1,322,629,513

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

27 people listed

Highest reported compensation

  • Alan Levine PresidentCEO (Executive Chair): $4,135,022 total reported compensation
  • Eric Deaton EVP (Chief Operating Officer): $1,885,098 total reported compensation
  • Steve Kilgore SVP (Retail & Physician Svcs.): $1,755,761 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Ballad Health promotes wellness and healthy living for you, your family, our team members and our communities.

What it reported doing in 2024

See Schedule O

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Reported officer compensation is a large share of total spending, which may reflect staffing concentration and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 96
  • Transparency & Controls: 86
  • Accountability: 90
  • Sustainability: 74
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: $32.28 raised per $1 spent on fundraising; rating input score 67; 67th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 84.6%; rating input score 85; 1st percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 98.6%; rating input score 99; 36th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 81.8%; rating input score 82; 29th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 26.8%; rating input score 91; 91st percentile among comparable filings
  • Total-asset coverage ratio: 20.71; rating input score 97; 97th percentile among comparable filings
  • Liabilities to assets ratio: 0.67; rating input score 24; 24th percentile among comparable filings
  • Officer compensation ratio: 21.5%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: 24.3% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: 22.5% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 14.9% per year; rating input score 100; 86th percentile among comparable filings

Details

  • What they do: 3 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: 9 of 11 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $239.6M in reported program spending
  • Leadership: top reported pay $4.1M · 27 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $195.3M reported
  • Consistency: 33 of 35 current checks pass · 2 findings to review
  • Schedules: 10 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 8 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: 38 filed money-flow records
  • Related organizations: 54 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Officer compensation ratio scored 1/100.
  • High — Sustainability: Liabilities to assets ratio scored 24/100.
  • Moderate — Transparency & Controls: Series program expenses within total did not reconcile in the filed values.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.