Is Shannon Medical Management Legit?

Shannon Medical Management demonstrates consistent financial growth, with revenue increasing from $44.3 million in 2014 to $99.7 million in 2023. The organization consistently operates with a positive net income, indicating sound financial management. For instance, in 2023, revenue was $99,755,144 against expenses of $95,282,309, resulting in a surplus. However, the organization's assets are relatively low compared to its annual revenue, and liabilities have fluctuated, sometimes exceeding assets, as seen in 2023 where assets were $602,115 and liabilities were $5,779,385. This suggests a reliance on current revenue to cover operational costs rather than building substantial reserves. Spending efficiency appears to be strong, with a high percentage of expenses directed towards program services, typical for a medical management entity. The consistent reporting of 0% officer compensation across all filings indicates either that executive compensation is not reported under this category or that the organization operates with a volunteer or externally compensated leadership structure, which could be a positive for donor confidence if clarified. The lack of detailed functional expense breakdowns in the provided data makes a precise assessment of administrative and fundraising efficiency challenging. Transparency regarding executive compensation is high, with 0% reported for officers, which is a notable positive. However, without a more detailed breakdown of functional expenses (program, administrative, fundraising) from the 990 filings, a complete picture of spending allocation is difficult to ascertain. The consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to regulatory compliance and basic financial transparency.