Health Care
(E30)
990 on File
WELLMONT MEDICAL ASSOCIATES INC
Financial strength (30%)
60/100
Reliability (20%)
50/100
Effectiveness (25%)
81/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2023
$135.9M
Total Revenue
$140.4M
Total Expenses
$3.9M
Net Assets
976
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
94.8%
Fundraising Efficiency
N/A
Operating Reserve
0.34x
Liability-to-Asset
84.6%
Revenue Diversification
99.8%
Executive Compensation
$1.9M
Compared with Peers
FY 2023
Compared with 1,811 similar organizations
(United States, Health Care, $100M and over in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
94.8% | 87.3% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
5.2% | 12.7% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
0.3 mo | 6.0 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
84.6% | 46.1% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
99.8% | 96.8% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
4.9% | 6.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
9.4% | 6.6% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-3.4% | 1.3% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $135.9M | $140.4M | $3.9M | 94.8% | 976 |
| 2022 | $129.5M | $128.3M | $-1,786,365 | 90.6% | 1008 |
| 2021 | $119.9M | $122.5M | N/A | — | 1012 |
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