Shannon Health System

EIN: 752602411 501(c)(3) Health Care

San Angelo, TX

Total Revenue
$2,732,047
Total Expenses
$3,263,403
Total Assets
$29,441,819
Net Assets
$29,441,819
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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
TX
Phone
3257476741
Tax Period
2023-10-01 to 2024-09-30

Shannon Health System, founded in 1995, is a community nonprofit in the Health Care sector that reported $2.7M in total revenue in fiscal year 2023. Revenue surged 723% from the prior year, signaling strong growth momentum. Expenses of $3.3M exceeded revenue, resulting in a 19% operating deficit.

Mission

SHANNON HEALTH SYSTEM IMPROVES THE HEALTH & WELLNESS OF THE PEOPLE OF ITS COMMUNITIES BASED ON IDENTIFIED NEEDS & WITHIN OUR RESOURCES TO PROVIDE THE BROADEST ACCESS TO OUR SERVICES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $894,109
Other Revenue $1,837,938
TOTAL REVENUE $2,732,047

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,941,907
Other Expenses $3,263,403
TOTAL EXPENSES $3,263,403

Year-over-Year Comparison

2023 2022 Change
Revenue $2,732,047 $331,774 +7.2%
Expenses $3,263,403 $314,781 +9.4%
Net Income $-531,356 $16,993 -32.3%
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

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Governance

Voting Members
14
Independent Members
11
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
5
$2,047,898
Total Directors
14
$3,967,994
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kelly Shane Plymell President/CEO 10.0
Officer Director
$0 $134,816 $1,273,121
Len Mertz Chairman/Trustee 2.0
Officer Director
$0 $0 $22,259
Michael Oliphant Secretary/Treasurer/Trustee 2.0
Officer Director
$0 $0 $72,577
Oran Berry III Vice Chairman/Trustee 2.0
Officer Director
$0 $0 $72,647
Freddy L Moore Trustee 2.0
Director
$0 $0 $54,400
James A Boyd Jr director 2.0
Director
$0 $0 $21,100
JASON FELGER director 2.0
Director
$0 $109,538 $990,768
Jeffrey McCormick Trustee 2.0
Director
$0 $0 $54,400
Mario Castillo director 2.0
Director
$0 $0 $18,600
Martha Visney director 2.0
Director
$0 $0 $20,850
Michael Ted Weatherford Trustee 2.0
Director
$0 $0 $70,236
ROSS HARPER director 2.0
Director
$0 $100,437 $1,203,005
Steve Cecil Trustee 2.0
Director
$0 $0 $71,931
Will Griffis Jr director 2.0
Director
$0 $0 $22,100
Joseph Wooldridge Vice President/CFO 1.0
Officer
$0 $99,651 $607,294
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 $2,732,047 $3,263,403 $29,441,819 $-531,356
2023 $331,774 $314,781 $18,959,348 $16,993
2022 $-1,495,294 $315,634 $39,005,454 $-1,810,928
2021 $599,903 $316,530 $31,467,668 $283,373
2020 No data $94,561 $35,114,070 No data
2019 No data $423,491 $102,808 No data
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