Shannon Business Services Inc

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Phone

3257476741

Tax Period

2023-10-01 to 2024-09-30

Shannon Business Services Inc, founded in 2003, is a mid-sized nonprofit in the Health Care sector that reported $32.5M in total revenue in fiscal year 2023. Revenue surged 62% from the prior year, signaling strong growth momentum.

Mission

OUR MISSION, IN FULFILLING OUR LEGACY, IS TO CREATE AN ENVIRONMENT COMMITTED TO THE VALUES OF ACCOUNTABILITY, SERVICE, PRIDE, INTEGRITY, RESPECT, AND EXCELLENCE. WE WILL FOSTER GROWTH TOWARD THE HIGHEST QUALITY OF CARE AND CUSTOMER SERVICE AND WILL STRIVE FOR EFFICIENT FINANCIAL PERFORMANCE. WE WILL HIRE AND DEVELOP THE BEST PEOPLE TO ACCOMPLISH THE TASKS.

Program Service Accomplishments

Program 1

Expenses: $34,961,131 Revenue: $31,948,180

PROVIDES CASH GRANTS, DAYCARE AND ANCILLARY OPERATIONS TO SUPPORT SHANNON MEDICAL CENTER, AN IRC SECTION 501(C)(3) ORGANIZATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $600,536

Program Service Revenue $31,948,180

Investment Income $0

Other Revenue $-14,468

TOTAL REVENUE $32,534,248

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,181,033

Fundraising Expenses $0

Program Expenses $34,961,131

Other Expenses $28,780,098

TOTAL EXPENSES $34,961,131

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,534,248	$20,038,431	+0.6%
Expenses	$34,961,131	$21,195,455	+0.6%
Net Income	$-2,426,883	$-1,157,024	+1.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$3,354,733

Total Directors

$3,967,994

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kelly Shane Plymell	President/CEO	2.0	Officer Director	$0	$134,816	$1,273,121
Len Mertz	Chairman/Trustee	1.0	Officer Director	$0	$0	$22,259
Michael Oliphant	Secretary/Treasurer/Trustee	1.0	Officer Director	$0	$0	$72,577
Oran Berry III	Vice Chairman/Trustee	1.0	Officer Director	$0	$0	$72,647
Freddy L Moore	Trustee	1.0	Director	$0	$0	$54,400
James A Boyd Jr	director	1.0	Director	$0	$0	$21,100
JASON FELGER	director	1.0	Director	$0	$109,538	$990,768
Jeffrey McCormick	trustee	1.0	Director	$0	$0	$54,400
Mario Castillo	director	1.0	Director	$0	$0	$18,600
Martha Visney	director	1.0	Director	$0	$0	$20,850
Michael Ted Weatherford	Trustee	1.0	Director	$0	$0	$70,236
ROSS HARPER	director	1.0	Director	$0	$100,437	$1,203,005
Steve Cecil	Trustee	1.0	Director	$0	$0	$71,931
Will Griffis Jr	director	1.0	Director	$0	$0	$22,100
Dr Michael Wood	Vice President/CMO	1.0	Officer	$0	$66,280	$642,235
Joseph Wooldridge	Vice President/CFO	1.0	Officer	$0	$99,651	$607,294
Pamela J Bradshaw	vice president/coo	2.0	Officer	$0	$100,954	$664,600
Dr James C Barnett	Vice President/CMO	1.0		$0	$50,089	$290,980

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$32,534,248	$34,961,131	$9,228,179	$-2,426,883
2023	$20,038,431	$21,195,455	$8,068,522	$-1,157,024
2022	$17,555,451	$17,479,843	$7,639,397	$75,608
2021	$14,101,592	$13,822,788	$6,491,391	$278,804
2020	$10,436,754	$10,860,718	$5,106,390	$-423,964
2019	$16,328,723	$17,130,666	$5,823,396	$-801,943