Shannon Business Services Inc
- Assets
- $7.6m
- Revenue
- $17.6m
- Investments
- $0.0
- Employees
- 0
- Location
- San Angelo, TX
- Founding
- 12/2004
- Data as of
- 09/2022
- EIN
- 43-2038769
Organization Overview
Shannon Business Services Inc is located in San Angelo, TX. The organization was established in 2004. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shannon Business Services Inc 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 09/2022, Shannon Business Services Inc generated $17.6m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $17.5m during the year ending 09/2022. While expenses have increased by 0.5% per year over the past 4 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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:
Part 3 - Line 4a
PROVIDES CASH GRANTS, DAYCARE AND ANCILLARY OPERATIONS TO SUPPORT SHANNON MEDICAL CENTER, AN IRC SECTION 501(C)(3) ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Shane Plymell CEO | OfficerTrustee | 2 | $0 |
Dr Ross Harper Director | Trustee | 1 | $0 |
Dr Jason Felger Director | Trustee | 1 | $0 |
Dr James C Barnett Cmo | Officer | 1 | $0 |
Pamela Bradshaw COO | Officer | 2 | $0 |
Joseph Wooldridge CFO | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $100,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $421,902 |
| Noncash contributions included in lines 1a–1f | $15,423 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $521,902 |
| Total Program Service Revenue | $16,944,235 |
| 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 | $17,555,451 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,760,336 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $733,579 |
| Payroll taxes | $0 |
| Fees for services: Management | $13,200 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,088,905 |
| Advertising and promotion | $157,858 |
| Office expenses | $57,536 |
| Information technology | $105,090 |
| Royalties | $0 |
| Occupancy | $466,367 |
| Travel | $57,611 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,315 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $158,448 |
| Insurance | $8,721 |
| All other expenses | $216,673 |
| Total functional expenses | $17,479,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,789,964 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $864,464 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,308,249 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,676,720 |
| Total assets | $7,639,397 |
| Accounts payable and accrued expenses | $104,245 |
| Grants payable | $0 |
| Deferred revenue | $97,708 |
| 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 | $0 |
| Total liabilities | $201,953 |
| Net assets without donor restrictions | $3,850,184 |
| Net assets with donor restrictions | $3,587,260 |
| 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 | $7,639,397 |