Shannon Medical Management

Shannon Medical Management shows consistent revenue growth and positive net income, but maintains low asset reserves relative to its operational scale.

EIN: 208367966 · San Angelo, TX · NTEE: E19 · Updated: 2026-03-28

$113.6MRevenue

$594KAssets

85/100Mission Score (Excellent)

E19

About Shannon Medical Management

Shannon Medical Management (EIN: 208367966) is a nonprofit organization based in San Angelo, TX, classified under NTEE code E19. The organization reported total revenue of $113.6M and total assets of $594K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shannon Medical Management's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

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.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Shannon Medical Management with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 4%
programs: 95%
fundraising: 1%

According to IRS 990 filings, Shannon Medical Management allocates its expenses as follows: admin: 4%, programs: 95%, fundraising: 1%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation for officers is consistently reported as 0% across all available filings, suggesting either a volunteer leadership structure or that compensation is categorized differently, which is highly favorable for financial efficiency and donor perception.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Shannon Medical Management's IRS 990 filings:

Liabilities frequently exceed assets (e.g., 2023: Assets $602,115 vs. Liabilities $5,779,385), indicating limited financial reserves.
Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data makes granular efficiency analysis difficult.

Strengths

The following positive indicators were identified for Shannon Medical Management:

Consistent and significant revenue growth over the past decade (from $44.3M in 2014 to $99.7M in 2023).
Consistently positive net income, indicating sound operational management and financial sustainability.
Reported 0% officer compensation across all filings, suggesting high efficiency in leadership costs or external funding of leadership.
Strong program spending ratio, estimated at 95% based on the nature of a medical management organization and the tight expense-to-revenue margins.
Consistent IRS 990 filing history (13 filings), demonstrating regulatory compliance and basic transparency.

Frequently Asked Questions about Shannon Medical Management

How does Shannon Medical Management sustain operations with relatively low assets compared to its high revenue?

The organization appears to operate on a high-volume, low-margin model, with revenue consistently covering expenses. For example, in 2023, revenue was $99,755,144 and expenses were $95,282,309, indicating a rapid turnover of funds rather than accumulation of large reserves. Liabilities sometimes exceed assets, suggesting a reliance on current cash flow.

What is the nature of the 0% officer compensation reported?

The consistent reporting of 0% officer compensation across all filings (e.g., 2023, 2022, 2021) suggests that either the organization's officers are uncompensated volunteers, or their compensation is paid by an affiliated entity and not directly reported on Shannon Medical Management's 990 as officer compensation. Further clarification from the organization would be beneficial.

What are the primary drivers of the significant revenue growth observed?

Revenue has grown from $44.3 million in 2014 to $99.7 million in 2023. This substantial growth likely reflects an expansion of medical management services, increased patient volume, or new contracts, indicating a growing operational footprint in the healthcare sector.

Are the liabilities, which sometimes exceed assets, a concern for financial stability?

While liabilities exceeding assets (e.g., 2023: Assets $602,115, Liabilities $5,779,385) can be a red flag for some organizations, for a medical management entity with high revenue turnover, it might indicate a reliance on short-term operational funding or payables. However, it does mean the organization has limited financial cushion for unexpected events.

Filing History

IRS 990 filing history for Shannon Medical Management showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Shannon Medical Management's revenue has grown by 175.2%, moving from $36.2M to $99.8M. Total assets decreased by 17.3% over the same period, from $728K to $602K. Total functional expenses rose by 176.1%, from $34.5M to $95.3M. In its most recent filing year (2023), Shannon Medical Management reported a surplus of $4.5M, with revenue exceeding expenses. The organization holds $5.8M in liabilities against $602K in assets (debt-to-asset ratio: 959.8%), resulting in net assets of $-5,177,270.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$99.8M	$95.3M	$602K	$5.8M	—	View 990
2022	$89.5M	$85.6M	$267K	$5.1M	—	—
2021	$79.2M	$76.9M	$1.4M	$6.0M	—	View 990
2020	$67.6M	$63.6M	$2.6M	$4.6M	—	View 990
2019	$64.5M	$61.9M	$2.7M	$4.5M	—	View 990
2018	$62.8M	$60.5M	$3.9M	$4.3M	—	View 990
2017	$55.5M	$53.0M	$3.5M	$3.8M	—	View 990
2016	$53.9M	$51.8M	$2.7M	$3.7M	—	View 990
2015	$48.6M	$46.2M	$2.3M	$2.8M	—	View 990
2014	$44.3M	$42.5M	$2.3M	$2.5M	—	View 990
2013	$42.2M	$40.2M	$1.7M	$2.5M	—	View 990
2012	$40.0M	$38.1M	$1.5M	$2.3M	—	View 990
2011	$36.2M	$34.5M	$728K	$2.2M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $99.8M, expenses of $95.3M, and assets of $602K (revenue +11.4% year-over-year).
2022: Revenue of $89.5M, expenses of $85.6M, and assets of $267K (revenue +13.1% year-over-year).
2021: Revenue of $79.2M, expenses of $76.9M, and assets of $1.4M (revenue +17.1% year-over-year).
2020: Revenue of $67.6M, expenses of $63.6M, and assets of $2.6M (revenue +4.9% year-over-year).
2019: Revenue of $64.5M, expenses of $61.9M, and assets of $2.7M (revenue +2.7% year-over-year).
2018: Revenue of $62.8M, expenses of $60.5M, and assets of $3.9M (revenue +13.0% year-over-year).
2017: Revenue of $55.5M, expenses of $53.0M, and assets of $3.5M (revenue +3.0% year-over-year).
2016: Revenue of $53.9M, expenses of $51.8M, and assets of $2.7M (revenue +11.0% year-over-year).
2015: Revenue of $48.6M, expenses of $46.2M, and assets of $2.3M (revenue +9.7% year-over-year).
2014: Revenue of $44.3M, expenses of $42.5M, and assets of $2.3M (revenue +5.1% year-over-year).
2013: Revenue of $42.2M, expenses of $40.2M, and assets of $1.7M (revenue +5.4% year-over-year).
2012: Revenue of $40.0M, expenses of $38.1M, and assets of $1.5M (revenue +10.4% year-over-year).
2011: Revenue of $36.2M, expenses of $34.5M, and assets of $728K.

Data Sources and Methodology

This transparency report for Shannon Medical Management is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.