Shannon Medical Center (EIN 752559845) - 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

1994

Legal Domicile

Phone

3257476741

Tax Period

2023-10-01 to 2024-09-30

Shannon Medical Center, founded in 1994, is a major nonprofit in the Health Care sector that reported $740.3M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $630.4M left a modest 15% surplus.

Mission

FOUNDED ON A LEGACY OF CARING, SHANNON IS A LOCALLY OWNED HEALTHCARE SYSTEM DEDICATED TO PROVIDING EXCEPTIONAL HEALTHCARE FOR OUR FAMILY, FRIENDS AND NEIGHBORS.

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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 $228,574

Program Service Revenue $736,964,941

Investment Income $-525,544

Other Revenue $3,646,165

TOTAL REVENUE $740,314,136

Expense Breakdown

Grants Paid $65,000

Salaries & Benefits $231,707,437

Fundraising Expenses $0

Program Expenses $469,626,224

Other Expenses $398,591,281

TOTAL EXPENSES $630,363,718

Year-over-Year Comparison

	2023	2022	Change
Revenue	$740,314,136	$654,836,540	+0.1%
Expenses	$630,363,718	$559,564,394	+0.1%
Net Income	$109,950,418	$95,272,146	+0.2%

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

3084

Volunteers

172

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

$569,272

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kelly Shane Plymell	President/CEO	20.0	Officer Director	$1,138,305	$134,816	$1,273,121
Len Mertz	Chairman/Trustee	2.0	Officer Director	$22,259	$0	$22,259
Michael Oliphant	Secretary/Treasurer/Trustee	2.0	Officer Director	$22,350	$0	$72,577
Oran Berry III	Vice Chairman/Trustee	2.0	Officer Director	$22,250	$0	$72,647
Freddy L Moore	Trustee	2.0	Director	$24,350	$0	$54,400
James A Boyd Jr	Director	2.0	Director	$21,100	$0	$21,100
JASON FELGER	Director	2.0	Director	$20,000	$109,538	$990,768
Jeffrey McCormick	Trustee	2.0	Director	$24,350	$0	$54,400
Mario Castillo	Director	2.0	Director	$18,600	$0	$18,600
Martha Visney	Director	2.0	Director	$20,850	$0	$20,850
Michael Ted Weatherford	Trustee	2.0	Director	$20,750	$0	$70,236
ROSS HARPER	Director	2.0	Director	$0	$100,437	$1,203,005
Steve Cecil	Trustee	2.0	Director	$24,250	$0	$71,931
Will Griffis Jr	Director	2.0	Director	$22,100	$0	$22,100
Dr Michael Wood	Vice President/CMO (start 10/01/23)	38.0	Officer	$522,892	$66,280	$642,235
Joseph Wooldridge	Vice President/CFO	35.0	Officer	$507,643	$99,651	$607,294
Pamela J Bradshaw	Vice President/COO	32.0	Officer	$563,646	$100,954	$664,600
Allan Graves	General Counsel/Chief Legal Officer	35.0	Key Emp	$471,722	$97,550	$569,272
Ana Mihail	PHYSICIST	40.0	Highest	$287,726	$19,599	$307,325
Diego J Jimenez	registered nurse	40.0	Highest	$228,903	$1,977	$230,880
James Naylor	CHIEF ECHO SONOGRAPHER	40.0	Highest	$231,115	$30,829	$261,944
Michael P Russell	CHIEF INFORMATION OFFICER	40.0	Highest	$277,958	$31,620	$309,578
Stephanie McCann	IP Pharmacy Director	40.0	Highest	$209,066	$21,039	$230,105
Dr Andrew Hume	Former Director	0.0		$0	$121,002	$1,002,871
Dr James C Barnett	Vice President/CMO	24.0		$101,479	$50,089	$290,980
Dr Michelle Snuggs	Former Director	0.0		$0	$110,038	$1,181,801
Joe Henderson	Former Trustee	2.0		$0	$0	$20,177
Rebecca Fuentes	Vice President/CNO	32.0		$302,325	$48,792	$351,117

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	$740,314,136	$630,363,718	$562,463,902	$109,950,418
2023	$654,836,540	$559,564,394	$566,070,256	$95,272,146
2022	$625,426,964	$533,474,194	$506,449,349	$91,952,770
2021	$575,714,031	$495,032,846	$508,828,126	$80,681,185
2020	$432,187,513	$373,737,258	$398,658,748	$58,450,255
2019	$397,332,420	$335,868,407	$397,560,093	$61,464,013
2018	$375,133,694	$302,278,462	$402,689,472	$72,855,232

Shannon Medical Center