Shannon Medical Management
- Assets
- $1.4m
- Revenue
- $79.2m
- Investments
- $0.0
- Employees
- 1,279
- Location
- San Angelo, TX
- Founding
- 08/2009
- Data as of
- 09/2021
- EIN
- 20-8367966
Organization Overview
Shannon Medical Management is located in San Angelo, TX. The organization was established in 2009. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., under the broad grouping of Health Care and related organizations. As of 09/2021, Shannon Medical Management employed 1,279 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shannon Medical Management is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Shannon Medical Management generated $79.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $76.9m during the year ending 09/2021. While expenses have increased by 6.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDED ON A LEGACY OF CARING, SHANNON IS A LOCALLY OWNED HEALTHCARE SYSTEM DEDICATED TO PROVIDING EXCEPTIONAL HEALTHCARE FOR OUR FAMILY, FRIENDS, AND NEIGHBORS.
Describe the Organization's Program Activity:
PROVIDE SUPPORT SERVICES, INCLUDING NURSING, ANCILLARY HEALTHCARE SERVICES, ADMINISTRATIVE AND TECHNOLOGICAL SUPPORT FOR SHANNON CLINIC, AN AFFILIATED NON-PROFIT MULTI-SPECIALTY PHYSICIAN CLINIC THAT PROVIDES HEALTHCARE THROUGHOUT SAN ANGELO AND NEARBY COMMUNITIES REGARDLESS OF ABILITY TO PAY. SHANNON MEDICAL MANAGEMENT IS ORGANIZED AND OPERATED TO SUPPORT ACCESS AND CARE FOR RESIDENTS OF ITS SERVICE AREA, INCLUDING MEDICALLY INDIGENT PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ricardo Villarreal Coo/secretary/treasurer | OfficerTrustee | 35 | $363,572 |
Julian Beseril CFO | Officer | 35 | $278,650 |
Anna Pittman Chief Nursing Officer | Officer | 40 | $196,702 |
Mark Duncan Sports Medicine Director | 40 | $159,692 | |
Sheryl Moon Director Of Business Office | 40 | $136,533 | |
Joshua Butts Director Of Operations | 40 | $136,533 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Executive Courier Llc Courier Services | 9/29/21 | $129,432 |
Crothall Healthcare Cleaning Services | 9/29/21 | $1,128,276 |
Change Healthcare Operations Claims Services | 9/29/21 | $278,770 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,782 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,782 |
| Total Program Service Revenue | $79,147,266 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $79,162,048 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,036,025 |
| Compensation of current officers, directors, key employees. | $1,036,025 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,317,773 |
| Pension plan accruals and contributions | $1,203,062 |
| Other employee benefits | $8,163,119 |
| Payroll taxes | $2,961,430 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,665 |
| Fees for services: Accounting | $23,069 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,264,174 |
| Advertising and promotion | $214,052 |
| Office expenses | $964,786 |
| Information technology | $1,824,944 |
| Royalties | $0 |
| Occupancy | $9,962,780 |
| Travel | $97,376 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,748,916 |
| Insurance | $26,555 |
| All other expenses | $85,607 |
| Total functional expenses | $76,869,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,498 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $299,028 |
| Net Land, buildings, and equipment | $676,392 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $391,064 |
| Total assets | $1,382,032 |
| Accounts payable and accrued expenses | $4,964,492 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,077,546 |
| Total liabilities | $6,042,038 |
| Net assets without donor restrictions | -$4,660,006 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,382,032 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Texas Community Health Centers Austin, TX | $65,663,850 | $149,435,488 |
Oneshare Health Llc Irving, TX | $14,120,682 | $124,717,803 |
Tricore Laboratory Services Corporation Albuquerque, NM | $18,254,406 | $118,588,499 |
Shannon Medical Management San Angelo, TX | $1,382,032 | $79,162,048 |
Tarrant Safety Net Support Corporation Arlington, TX | $4,348,601 | $75,814,900 |
C2c Innovative Solutions Inc Austin, TX | $42,788,543 | $38,806,145 |
Arkansas Childrens Inc Little Rock, AR | $6,770,190 | $23,662,010 |
Physician Associates Of Southwest Dallas Dallas, TX | $2,716,484 | $11,709,219 |
Methodist Patient Centered Aco Dallas, TX | $1,181,995 | $6,532,302 |
Cook Childrens Health Enterprises Fort Worth, TX | $6,566,964 | $6,620,654 |
Dallas Development Fund Dallas, TX | $6,293,260 | $6,735,720 |
St Lukes Sugar Land Properties Corporation Houston, TX | $99,661,908 | $127,637 |