Shannon Medical Center
- Assets
- $566.1m
- Revenue
- $654.8m
- Investments
- $831.8k
- Employees
- 2,924
- Location
- San Angelo, TX
- Founding
- 06/1995
- Data as of
- 09/2023
- EIN
- 75-2559845
Organization Overview
Shannon Medical Center is located in San Angelo, TX. The organization was established in 1995. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2023, Shannon Medical Center employed 2,924 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shannon Medical Center 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 09/2023, Shannon Medical Center generated $654.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $559.6m during the year ending 09/2023. While expenses have increased by 9.0% per year over the past 8 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
2023
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:
PROVIDING TOTAL MEDICAL CARE TO THE CITIZENS OF WEST TEXAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Shane Plymell Ceo/president | OfficerTrustee | 24 | $1,069,858 |
Dr Ross Harper Director | Trustee | 2 | $0 |
Dr Jason Felger Director | Trustee | 2 | $0 |
Dr James C Barnett Cmo | Officer | 38 | $668,838 |
Pam Bradshaw Cno/coo | Officer | 32 | $545,031 |
Allan Graves General Counsel/chief Legal Of | Officer | 40 | $422,479 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Padilla Painting Llc Painting Services | 9/29/23 | $748,890 |
Onyx Solutions Construction | 9/29/23 | $632,592 |
Health Carousel Llc Contract Labor | 9/29/23 | $595,157 |
Law Office Lyons Lyons Pc Legal Services | 9/29/23 | $500,000 |
Syntellis Performance Sol Llc Software Services | 9/29/23 | $258,377 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $281,584 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,832 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $287,416 |
| Total Program Service Revenue | $649,755,112 |
| Investment income | $1,373,496 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $115,694 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $654,836,540 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $65,000 |
| 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. | $4,047,968 |
| Compensation of current officers, directors, key employees. | $4,047,968 |
| Compensation to disqualified persons | $200,964 |
| Other salaries and wages | $179,061,037 |
| Pension plan accruals and contributions | $3,992,354 |
| Other employee benefits | $18,485,257 |
| Payroll taxes | $10,598,907 |
| Fees for services: Management | $255,800 |
| Fees for services: Legal | $193,318 |
| Fees for services: Accounting | $80,399 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,987,315 |
| Advertising and promotion | $724,413 |
| Office expenses | $9,004,339 |
| Information technology | $9,495,327 |
| Royalties | $0 |
| Occupancy | $4,045,423 |
| Travel | $1,043,139 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,087,046 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,536,301 |
| Insurance | $2,718,553 |
| All other expenses | $5,807,578 |
| Total functional expenses | $559,564,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $56,804,688 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,278,481 |
| Inventories for sale or use | $10,098,067 |
| Prepaid expenses and deferred charges | $10,052,449 |
| Net Land, buildings, and equipment | $284,634,865 |
| Investments—publicly traded securities | $42,827,512 |
| Investments—other securities | $831,752 |
| Investments—program-related | $0 |
| Intangible assets | $4,734,992 |
| Other assets | $153,807,450 |
| Total assets | $566,070,256 |
| Accounts payable and accrued expenses | $77,150,013 |
| Grants payable | $0 |
| Deferred revenue | $222,495 |
| 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 | $29,736,969 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,589,904 |
| Total liabilities | $113,699,381 |
| Net assets without donor restrictions | $313,729,491 |
| Net assets with donor restrictions | $138,641,384 |
| 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 | $566,070,256 |
Grants Awarded
Over the last fiscal year, Shannon Medical Center has awarded $170,461 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HOWARD COLLEGE PURPOSE: ADN & LVN TO RN PROGRAM | $20,000 |
TEXAS CARE ALLIANCE PURPOSE: OPERATING COST PAID-IN CAPITAL | $150,461 |