WELLMONT HEALTH SYSTEM
311 PRINCETON RD STE 1, JOHNSON CITY, TN · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $933,212,443 | $920,806,012 | $335,023,757 |
| FY2024 | $856,912,729 | $827,340,861 | $306,698,477 |
| FY2023 | $840,443,933 | $813,767,456 | $275,495,811 |
| FY2022 | $845,523,767 | $797,824,334 | $231,049,632 |
| FY2021 | $807,505,610 | $715,518,651 | $193,384,697 |
| FY2020 | $662,198,822 | $627,121,314 | $193,404,473 |
| FY2019 | $713,563,018 | $649,188,184 | $60,391,920 |
| FY2018 | $714,777,117 | $711,427,553 | $542,089,831 |
| FY2017 | $759,556,763 | $671,723,027 | $546,734,784 |
| FY2016 | $696,722,122 | $647,644,119 | $473,281,848 |
| FY2015 | $694,174,240 | $642,747,399 | $487,684,124 |
| FY2014 | $675,472,034 | $653,391,732 | $503,690,512 |
| FY2013 | $709,350,391 | $665,223,181 | $447,193,746 |
| FY2012 | $736,237,834 | $675,290,008 | $386,402,662 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $1,292,489 | 0% |
| Program service revenue | $915,454,723 | 100% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $784,496,123 | 85% |
| Management & general | $136,309,889 | 15% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 100% of total revenue in FY2025.
- Program services accounted for 85% of functional expenses, management & general 15%, and fundraising 0%.
- 85% of functional expenses went to program services in FY2025. That is higher than 39% of 77 Health Care organizations in TN.
- Net assets covered about 4.4 months of expenses at the end of the reporting year. That puts it in the 25th percentile among 357 Health Care organizations in TN.
- Total revenue was higher than 98.9% of 365 Health Care organizations in TN.
- Total revenue rose from $736,237,834 in FY2012 to $933,212,443 in FY2025, Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2012 to FY2025.
- Net assets declined from $386,402,662 to $335,023,757 between FY2012 and FY2025.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
Honor those we serve by delivering the best possible care.
IRS status
| Ruling year | 1996 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E210 — Health Care (in TN) |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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