Trustees of Shannon West Texas Memorial Hospital (EIN 750800679) - Form 990 Financial Analysis & Trantor Score

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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

1932

Legal Domicile

Phone

3256558974

Tax Period

2023-10-01 to 2024-09-30

Trustees of Shannon West Texas Memorial Hospital, founded in 1932, is a mid-sized nonprofit in the Health Care sector that reported $21.5M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.7M, a strong 27% operating margin.

Mission

SUPPORT, MAINTENANCE, AND OPERATION OF A HOSPITAL IN WEST TEXAS.

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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 $0

Program Service Revenue $0

Investment Income $8,662,842

Other Revenue $12,828,844

TOTAL REVENUE $21,491,686

Expense Breakdown

Grants Paid $12,100,000

Salaries & Benefits $399,448

Fundraising Expenses $0

Program Expenses $12,100,000

Other Expenses $3,291,083

TOTAL EXPENSES $15,790,531

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,491,686	$17,635,602	+0.2%
Expenses	$15,790,531	$33,935,194	-0.5%
Net Income	$5,701,155	$-16,299,592	-1.3%

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

Employees

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

$22,259

Total Directors

$416,650

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEN P MERTZ	TRUSTEE	20.0	Officer Director	$22,259	$0	$22,259
FREDDY L MOORE	TRUSTEE	4.0	Director	$30,050	$0	$54,400
JEFFREY MCCORMICK	TRUSTEE	4.0	Director	$30,050	$0	$54,400
JOHN STEVE CECIL	TRUSTEE	4.0	Director	$47,681	$0	$71,931
MICHAEL E OLIPHANT	TRUSTEE	4.0	Director	$50,227	$0	$72,577
MICHAEL TED WEATHERFORD	TRUSTEE	4.0	Director	$49,486	$0	$68,436
ORAN H BERRY III	TRUSTEE	4.0	Director	$50,397	$0	$72,647
JOE W HENDERSON	FORMER TRUSTEE	0.0		$20,177	$0	$20,177

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	$21,491,686	$15,790,531	$630,967,073	$5,701,155
2023	$17,635,602	$33,935,194	$598,850,877	$-16,299,592
2022	$16,760,277	$28,909,909	$573,298,861	$-12,149,632
2021	$13,958,749	$4,884,999	$543,070,815	$9,073,750
2020	$5,036,992	$10,049,746	$462,855,741	$-5,012,754
2019	$9,866,910	$21,329,132	$446,243,317	$-11,462,222
2018	$23,428,809	$37,218,268	$434,884,779	$-13,789,459

Trustees of Shannon West Texas Memorial Hospital