SHELL MEDICAL PLAN

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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

2002

Legal Domicile

Principal Officer

PRINCIPAL FINANCIAL GROUP

Phone

6025620883

Tax Period

2024-01-01 to 2024-12-31

SHELL MEDICAL PLAN, founded in 2002, is a major nonprofit that reported $137.9M in total revenue in fiscal year 2024. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $172.9M exceeded revenue, resulting in a 25% operating deficit.

Mission

PROVIDE CERTAIN HEALTH WELLNESS ACCIDENT, LIFE, DISABILITY, AND OTHER WELFARE BENEFITS FOR ELIGIBLE EMPLOYEES AND THEIR DEPENDENTS

Program Service Accomplishments

Program 1

PROVIDE CERTAIN HEALTH WELLNESS ACCIDENT, LIFE, DISABILITY, AND OTHER WELFARE BENEFITS FOR ELIGIBLE EMPLOYEES AND THEIR DEPENDENTS

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $136,873,400

Investment Income $1,054,220

Other Revenue $0

TOTAL REVENUE $137,927,620

Expense Breakdown

Grants Paid $0

Salaries & Benefits $47,167

Fundraising Expenses $0

Other Expenses $6,355,978

TOTAL EXPENSES $172,932,187

Year-over-Year Comparison

	2024	2023	Change
Revenue	$137,927,620	$342,743,076	-0.6%
Expenses	$172,932,187	$396,521,621	-0.6%
Net Income	$-35,004,567	$-53,778,545	-0.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARVIN E ODUM	PRESIDENT	N/A	Director	$0	$0	$0
JULIAN DALZELL	SENIOR VP	N/A	Director	$0	$0	$0
WILLIAM C LOWREY	SENIOR VP	N/A	Director	$0	$0	$0
T T COLES	VP	N/A	Director	$0	$0	$0
CYNTHIA A DEERE	VP FINANCE	N/A	Director	$0	$0	$0
B P MALNAK	VP GOV/T AFFAIRS	N/A	Director	$0	$0	$0
RICHARD MENNITI	TREASURER	N/A	Director	$0	$0	$0
A M NOLTE	CONTROLLER	N/A	Director	$0	$0	$0
LYNN S BOROGEMIER	ASST. SECRETARY	N/A	Director	$0	$0	$0
JOHN M ESQUIVEL	ASST. SECRETARY	N/A	Director	$0	$0	$0
HECTOR PINEDA	ASST. SECRETARY	N/A	Director	$0	$0	$0
STEPHANIE J PAUL	ASST. SECRETARY	N/A	Director	$0	$0	$0
CANDIDA WOLFRAM	ASST. SECRETARY	N/A	Director	$0	$0	$0
TABATHA R BAKER	ASST. SECRETARY	N/A	Director	$0	$0	$0
N/A	TRUSTEE	N/A		$47,167	$0	$47,167

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	$137,927,620	$172,932,187	No data	$-35,004,567
2023	$342,743,076	$396,521,621	$34,783,734	$-53,778,545
2022	$481,084,441	$452,121,857	$88,722,408	$28,962,584
2021	$509,542,348	$524,763,374	$59,819,611	$-15,221,026
2020	$535,906,788	$502,878,672	$75,038,733	$33,028,116
2019	$574,863,871	$568,815,435	$42,010,617	$6,048,436
2018	$546,094,116	$571,794,295	$35,946,509	$-25,700,179