Shannon Medical Center
- Assets
- $508.8m
- Revenue
- $575.7m
- Investments
- $809.5k
- Employees
- 2,888
- Location
- San Angelo, TX
- Founding
- 06/1995
- Data as of
- 09/2021
- 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 09/2021, Shannon Medical Center employed 2,888 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 09/2021, Shannon Medical Center generated $575.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $495.0m during the year ending 09/2021. While expenses have increased by 9.9% 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:
PROVIDING TOTAL MEDICAL CARE TO THE CITIZENS OF WEST TEXAS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Shane Plymell CEO | Officer | 24 | $873,771 |
Dr James C Barnett Cmo | Officer | 38 | $664,431 |
Pamela Bradshaw Cno/coo | Officer | 32 | $479,259 |
Allan Graves General Counsel | Officer | 40 | $349,209 |
Joseph Wooldridge CFO | Officer | 35 | $336,367 |
Stephen Lubke Director Of Pharmacy | 40 | $202,788 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Onyx Solutions Construction | 9/29/21 | $510,795 |
Gresham Smith Architecture/enginee | 9/29/21 | $596,382 |
Tfe Contracting General Contracting | 9/29/21 | $297,917 |
Jones Day Law Firm | 9/29/21 | $240,594 |
Discovery Healthcare Consulting Healthcare Consultin | 9/29/21 | $186,464 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,536,647 |
| Government grants | $9,166,657 |
| All other contributions, gifts, grants, and similar amounts not included above | $711,562 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,414,866 |
| Total Program Service Revenue | $560,820,730 |
| Investment income | $620,814 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $369,283 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $575,714,031 |
| 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. | $3,322,387 |
| Compensation of current officers, directors, key employees. | $3,322,387 |
| Compensation to disqualified persons | $248,704 |
| Other salaries and wages | $146,913,119 |
| Pension plan accruals and contributions | $3,680,242 |
| Other employee benefits | $14,754,677 |
| Payroll taxes | $9,113,495 |
| Fees for services: Management | $242,300 |
| Fees for services: Legal | $1,713,896 |
| Fees for services: Accounting | $181,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,375,619 |
| Advertising and promotion | $1,153,108 |
| Office expenses | $5,614,869 |
| Information technology | $7,664,132 |
| Royalties | $0 |
| Occupancy | $5,438,622 |
| Travel | $573,307 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,163,384 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,472,642 |
| Insurance | $2,670,089 |
| All other expenses | $5,189,717 |
| Total functional expenses | $495,032,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $55,087,958 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,228,405 |
| Inventories for sale or use | $11,013,529 |
| Prepaid expenses and deferred charges | $7,232,467 |
| Net Land, buildings, and equipment | $200,157,197 |
| Investments—publicly traded securities | $46,491,605 |
| Investments—other securities | $809,491 |
| Investments—program-related | $0 |
| Intangible assets | $6,235,991 |
| Other assets | $180,571,483 |
| Total assets | $508,828,126 |
| Accounts payable and accrued expenses | $52,975,487 |
| Grants payable | $0 |
| Deferred revenue | $70,170 |
| 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 | $6,485,694 |
| Total liabilities | $89,268,320 |
| Net assets without donor restrictions | $256,922,023 |
| Net assets with donor restrictions | $162,637,783 |
| 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 | $508,828,126 |
Grants Awarded
Over the last fiscal year, Shannon Medical Center has awarded $170,461 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Dallas, TX PURPOSE: OPERATING COST PAID-IN CAPITAL | $150,461 |
HOWARD COLLEGE PURPOSE: ADN & LVN TO RN PROGRAM | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Shannon Medical Center has recieved totaling $21,216.
| Awarding Organization | Amount |
|---|---|
San Angelo Area Foundation San Angelo, TX PURPOSE: HEALTH | $21,066 |
San Angelo Health Foundation San Angelo, TX PURPOSE: MEMORIAL FOR JOY BOYD, MOTHER OF MIKE BOYD | $150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Integris Baptist Medical Center Inc Oklahoma City, OK | $2,058,378,701 | $1,074,971,636 |
Baptist Health Little Rock, AR | $1,838,433,342 | $1,059,132,631 |
Ochsner Lsu Health System Of North Louisiana Shreveport, LA | $392,846,528 | $902,271,211 |
Texas Health Harris Methodist Hospital Fort Worth Fort Worth, TX | $650,433,477 | $986,113,649 |
Mother Frances Hospital Regional Health Care Center irving, TX | $705,395,204 | $847,366,783 |
Mercy Hospital Oklahoma City Inc Oklahoma City, OK | $541,395,814 | $646,607,785 |
St Vincent Infirmary Medical Center Little Rock, AR | $1,148,625,414 | $510,888,320 |
Baton Rouge General Medical Center Baton Rouge, LA | $496,482,210 | $567,217,966 |
St Joseph Regional Health Center Bryan, TX | $646,031,520 | $469,355,522 |
Shannon Medical Center San Angelo, TX | $508,828,126 | $575,714,031 |
St Vincent Hospital Santa Fe, NM | $723,865,521 | $490,943,135 |
St Bernards Hospital Inc Jonesboro, AR | $376,576,923 | $505,772,828 |