Civic Intelligence

Wellmont Cardiology Services

990 • Fiscal year 2013 • EIN 26-3557623

Jul 01, 2012 to Jun 30, 2013 • Filed on Apr 22, 2014

1905 American Way37660
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

-$7,829,048

No earlier filing loaded for comparison.

Net Assets

-$11,349,030

No earlier filing loaded for comparison.

Liabilities

$3,519,982

No earlier filing loaded for comparison.

Revenue

-

No earlier filing loaded for comparison.

Expenses

$42,559,529

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$10M$0-$10M-$20MAssets 2013: -$7,829,048Liabilities 2013: $3,519,982Net Assets 2013: -$11,349,0302013Assets 2014: -$9,665,119Liabilities 2014: $2,774,352Net Assets 2014: -$12,439,4712014Assets 2015: $5,460,864Liabilities 2015: $5,517,098Net Assets 2015: -$56,2342015Assets 2016: $7,287,711Liabilities 2016: $6,831,956Net Assets 2016: $455,7552016Assets 2017: $8,569,395Liabilities 2017: $8,567,534Net Assets 2017: $1,8612017Assets 2018: $9,505,058Liabilities 2018: $9,505,058Net Assets 2018: $02018Assets 2019: $8,599,202Liabilities 2019: $10,138,456Net Assets 2019: -$1,539,2542019Assets 2020: $7,928,390Liabilities 2020: $12,538,253Net Assets 2020: -$4,609,8632020Assets 2021: $7,268,976Liabilities 2021: $10,657,550Net Assets 2021: -$3,388,5742021Assets 2022: $5,691,536Liabilities 2022: $11,951,369Net Assets 2022: -$6,259,8332022Assets 2023: $10,322,339Liabilities 2023: $14,232,461Net Assets 2023: -$3,910,1222023Assets 2024: $7,200,870Liabilities 2024: $12,652,016Net Assets 2024: -$5,451,1462024

Highlighted filing

2013

Assets-$7,829,048
Liabilities$3,519,982
Net Assets-$11,349,030

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100M$50M$0-$50MExpenses 2013: $42,559,5292013Revenue 2014: $31,795,763Expenses 2014: $44,235,234Net Income 2014: -$12,439,4712014Revenue 2015: $28,761,678Expenses 2015: $49,939,734Net Income 2015: -$21,178,0562015Revenue 2016: $28,564,464Expenses 2016: $42,627,341Net Income 2016: -$14,062,8772016Revenue 2017: $28,817,318Expenses 2017: $47,322,407Net Income 2017: -$18,505,0892017Revenue 2018: $50,476,375Expenses 2018: $50,469,015Net Income 2018: $7,3602018Revenue 2019: $52,221,772Expenses 2019: $49,861,692Net Income 2019: $2,360,0802019Revenue 2020: $49,063,818Expenses 2020: $48,611,342Net Income 2020: $452,4762020Revenue 2021: $55,508,640Expenses 2021: $55,155,179Net Income 2021: $353,4612021Revenue 2022: $62,431,042Expenses 2022: $61,907,108Net Income 2022: $523,9342022Revenue 2023: $74,431,003Expenses 2023: $75,426,297Net Income 2023: -$995,2942023Revenue 2024: $72,519,804Expenses 2024: $74,060,828Net Income 2024: -$1,541,0242024

Highlighted filing

2013

Revenue-
Expenses$42,559,529
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Apr 22, 2014
Return Version
2012v2.1
Gross Receipts
$31,328,298
Mission and Program Overview

Mission

Honor those we serve by delivering the best possible care.

Filing and Contact Details

Filer

EIN
26-3557623
Raw XML AppendixShowing 400 of 1,309 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDescription0WE DELIVER SUPERIOR HEALTH CARE WITH COMPASSION.
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IRS990/ContractorCompensation/NameOfContractor/NamePerson0THE HEART CENTER PARTNERSHIP
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IRS990/Description0THE HERITAGE OF WELLMONT CARDIOLOGY SERVICES BEGAN IN 1978 WHEN CARDIOVASCULAR ASSOCIATES WAS ESTABLISHED TO PROVIDE COMPREHENSIVE CARDIOVASCULAR SERVICES TO THE NORTHEAST TENNESSEE/SOUTHWEST VIRGINIA REGION. IN MAY 2010, WELLMONT CARDIOLOGY SERVICES ACQUIRED SUBSTANTIALLY ALL OF THE ASSETS OF CARDIOVASCULAR ASSOCIATES TO BECOME THE REGION'S LARGEST PROVIDER OF COMPREHENSIVE CARDIOVASCULAR SERVICES. THIS PHYSICIAN GROUP NOW PROVIDES TOP-QUALITY CARDIOVASCULAR SERVICES TO NORTHEAST TENNESSEE, SOUTHWEST VIRGINIA, SOUTHEAST KENTUCKY, NORTHWEST NORTH CAROLINA AS WELL AS AREAS OF WEST VIRGINIA. IN 2012, TWO OF THE HOSPITALS OF WELLMONT HEALTH SYSTEM, HOLSTON VALLEY MEDICAL CENTER AND BRISTOL REGIONAL MEDICAL CENTER, WERE RANKED IN THE TOP 15 PERCENT OF THE NATION FOR CARDIAC CARE BY CARECHEX, A NATIONALLY RECOGNIZED HOSPITAL QUALITY RATINGS ORGANIZATION. HOLSTON VALLEY MEDICAL CENTER WAS ALSO LISTED AS THE TOP HOSPITAL IN THE NATION FOR INTERVENTIONAL CAROTID CARE BY CARECHEX. OUR MISSION IS TO IMPROVE THE CARDIOVASCULAR HEALTH OF OUR REGION. IT IS OUR VISION TO DELIVER HIGH QUALITY, COST-EFFECTIVE HEART AND VASCULAR CARE WITH COMPASSION. WELLMONT CARDIOLOGY SERVICES CONSISTS OF 42 BOARD-CERTIFIED CARDIOLOGISTS AND CARDIOVASCULAR AND THORACIC SURGEONS SERVING 15 COMMUNITY OFFICES AND THE EIGHT MEMBER HOSPITALS OF WELLMONT HEALTH SYSTEM. WE DIAGNOSE, TREAT AND MANAGE ALL ASPECTS OF ADULT CARDIOVASCULAR DISEASE. OUR SERVICES INCLUDE GENERAL CARDIOLOGY, PREVENTIVE CARDIOLOGY, ELECTROPHYSIOLOGY, INTERVENTIONAL CARDIOLOGY, VASCULAR MEDICINE, STRUCTURAL HEART DISEASE, HEART FAILURE MANAGEMENT, CARDIOVASCULAR AND THORACIC SURGERY AND ADVANCED CARDIOVASCULAR IMAGING. WE ALSO SERVE AS A NATIONAL LEADER IN CLINICAL RESEARCH AND TEACHING INSTITUTION THROUGH THE CARDIOVASCULAR UNIVERSITY. WE ARE DEDICATED TO IMPROVING OUR COMMUNITY'S ACCESS TO QUALITY, AFFORDABLE HEALTH CARE, EDUCATING OUR REGION'S CAREGIVERS, IMPROVING THE HEALTH STATUS OF OUR COMMUNITIES, AND CONTRIBUTING TO THE OVERALL QUALITY OF LIFE IN THE AREAS WE SERVE. OVERALL, WE RETURNED MORE THAN 15,913,883 IN BENEFITS TO OUR COMMUNITY. FOR THE FISCAL YEAR 2013, WE HAD 150,346 OUTPATIENT ENCOUNTERS AND PERFORMED 1,277 INPATIENT SURGICAL PROCEDURES. REGARDLESS OF RACE, RELIGION, ETHNICITY OR ABILITY TO PAY, WELLMONT CARDIOVASCULAR SERVICES TREATS ALL PATIENTS FOR MEDICALLY NECESSARY CONDITIONS. RECOGNIZING THAT SOME PATIENTS CANNOT AFFORD ESSENTIAL MEDICAL SERVICES, WE PROVIDED CARE FOR INDIGENT PATIENTS, WRITING OFF 1,237,423 OF CHARGES AND INCURRING COSTS OF 717,705. ADDITIONALLY, WE PROVIDED CARE TO PERSONS COVERED BY MEDICARE, MEDICAID, TENNCARE AND CHAMPUS AT LESS THAN COST. DUE TO MANDATED REDUCTIONS IN MEDICARE FUNDING FROM THE BALANCED BUDGET ACT AND DECLINING REIMBURSEMENT FROM TENNCARE, THE SHORTFALL BETWEEN RECEIPTS AND THE COST OF PROVIDING CARE TO THESE PATIENTS TOTALED 13,958,755. IT IS OUR OBLIGATION TO SUPPORT THE CAUSES THAT IMPROVE THE QUALITY OF LIFE IN OUR REGION. WE SPONSORED OR PARTICIPATED IN EDUCATIONAL, COMMUNITY-BASED PROGRAMS ON HEALTHY LIFESTYLES, RISK FACTOR IDENTIFICATION, DIAGNOSING AND TREATMENT OPTIONS, INCLUDING CONTINUING EDUCATION PROGRAMS FOR PHYSICIANS, NURSES AND ALLIED HEALTH PROFESSIONALS. SUCH INITIATIVES INCLUDED: -7TH ANNUAL HEART TALK -NORTHEAST TENNESSEE EMS CONFERENCE -REGIONAL HEALTHCARE SYMPOSIUM -PARTICIPATION WITH MEDICAL SOCIETIES -COMMUNITY OUTREACH WITH AREA CHURCHES -PARTICIPATION WITH LOCAL SUPPORT GROUPS -PRESENTATIONS TO AREA CIVIC ORGANIZATIONS WE PARTICIPATED IN A NUMBER OF HEALTH FAIRS AND COMMUNITY SCREENINGS THAT INCLUDED FREE BLOOD PRESSURE CHECKS, CHOLESTEROL SCREENINGS AND PERIPHERAL VASCULAR SCREENINGS INCLUDING: -50+ EXPO -CITY OF KINGSPORT EMPLOYEE HEALTH AND WELLNESS -DIABETES EXPO -RUSSELL COUNTY HEALTH FAIR -UPS EMPLOYEE HEALTH AND WELLNESS -WASHINGTON COUNTY VIRGINIA SHERIFF'S DEPARTMENT HEALTH FAIR -WOMEN'S EXPO -WASHINGTON COUNTY HEALTH FAIR ADDITIONALLY, DONATIONS TOTALING 9,700 WERE MADE TO WASHINGTON COUNTY
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