Shannon Clinic (EIN 752600873) - 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

1995

Legal Domicile

Phone

3256581511

Tax Period

2023-10-01 to 2024-09-30

Shannon Clinic, founded in 1995, is a major nonprofit in the Health Care sector that reported $299.9M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $409.5M exceeded revenue, resulting in a 37% operating deficit.

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 $0

Program Service Revenue $299,759,751

Investment Income $117,612

Other Revenue $0

TOTAL REVENUE $299,877,363

Expense Breakdown

Grants Paid $0

Salaries & Benefits $200,387,990

Fundraising Expenses $0

Program Expenses $379,999,709

Other Expenses $209,088,223

TOTAL EXPENSES $409,476,213

Year-over-Year Comparison

	2023	2022	Change
Revenue	$299,877,363	$270,665,224	+0.1%
Expenses	$409,476,213	$359,372,912	+0.1%
Net Income	$-109,598,850	$-88,707,688	+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

N/A

Employees

417

Volunteers

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

$5,425,114

Total Directors

$11,881,885

Key Employees

$569,272

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDY BANKES	PHYSICIAN / BOARD SECRETARY	40.0	Officer Director	$801,501	$89,311	$890,812
RUDY HADDAD	PHYSICIAN/CHAIRMAN	40.0	Officer Director	$2,106,507	$112,107	$2,218,614
ANDREW T KINGMAN	PHYSICIAN/MEDICAL DIRECTOR	40.0	Director	$1,144,194	$130,248	$1,274,442
CALEB VOSBURG	PHYSICIAN / BOARD DIRECTOR	40.0	Director	$938,104	$72,495	$1,010,599
DAVID BOSWELL	PHYSICIAN/MEDICAL DIRECTOR	40.0	Director	$526,653	$109,447	$636,100
JASON FELGER	PHYSICIAN / BOARD DIRECTOR	40.0	Director	$861,230	$109,538	$990,768
JENNY WIGGINS SMITH	PHYSICIAN/MEDICAL DIRECTOR	40.0	Director	$651,551	$95,423	$746,974
JOE MIMS	PHYSICIAN/BOARD DIRECTOR	40.0	Director	$606,655	$85,236	$691,891
KELLY KOENIG	Physician/Board Director	40.0	Director	$532,086	$97,893	$629,979
NORMA SCHNEEMAN CERNA	PHYSICIAN / BOARD DIRECTOR	40.0	Director	$388,008	$85,976	$473,984
ROBERT SCHULTZ	PHYSICIAN/MEDICAL DIRECTOR	40.0	Director	$570,855	$69,823	$640,678
ROSS HARPER	PHYSICIAN/BOARD DIRECTOR	40.0	Director	$1,102,568	$100,437	$1,203,005
VICKI FORLANO HALFMANN	PHYSICIAN / BOARD DIRECTOR	40.0	Director	$387,837	$86,202	$474,039
JULIAN BESERIL	CFO	20.0	Officer	$0	$59,421	$425,246
Kelly Shane Plymell	PRESIDENT	5.0	Officer	$0	$134,816	$1,273,121
RICARDO VILLAREAL	CHIEF ADMINISTRATIVE OFFICER	20.0	Officer	$0	$87,584	$617,321
Allan Graves	GENERAL COUNCIL	5.0	Key Emp	$0	$97,550	$569,272
CHRISTOPHER HADDAD	PHYSICIAN	40.0	Highest	$2,294,668	$91,963	$2,386,631
JOSEPH HOBBS	PHYSICIAN	40.0	Highest	$1,698,891	$109,949	$1,808,840
LUIS DUARTE	PHYSICIAN	40.0	Highest	$4,153,645	$96,517	$4,250,162
RAJANARENDER CHERUKU	PHYSICIAN	40.0	Highest	$2,096,466	$78,652	$2,175,118
STEVE RITTER	PHYSICIAN	40.0	Highest	$1,802,119	$80,382	$1,882,501
Dr James C Barnett	FORMER CHIEF MEDICAL OFFICER/PHYSICIAN	16.0		$139,412	$50,089	$290,980
PAUL BORGFELD	FORMER PHYSICIAN/MEDICAL DIRECTOR	0.0		$102,359	$38,599	$140,958
SARAH JACKSON VANCE	PHYSICIAN/former CHAIRMAN	40.0		$452,686	$79,552	$532,238

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	$299,877,363	$409,476,213	$71,131,774	$-109,598,850
2023	$270,665,224	$359,372,912	$58,681,957	$-88,707,688
2022	$265,211,933	$331,716,487	$45,989,767	$-66,504,554
2021	$237,377,451	$300,502,778	$50,059,084	$-63,125,327
2020	$191,624,814	$246,327,810	$41,105,861	$-54,702,996
2019	$192,726,172	$249,972,073	$38,695,692	$-57,245,901
2018	$170,121,586	$224,910,356	$40,414,446	$-54,788,770

Shannon Clinic