Shannon Clinic
93% goes to programs Thin reserves Growing revenue
Shannon Clinic is a 501(c)(3) organization based in San Angelo, Texas, registered in 2000, with $299,877,363 in FY2023 revenue. CharityIndex grades it C+, and it directs about 93% of spending to programs.
120 E Beauregard Ave, San Angelo, TX, 76903 EIN 75-2600873 Since 2000
Revenue (FY2023)
$299.9M
▲ 10.8% vs prior year
Health median: $840K
Expenses (FY2023)
$409.5M
Net assets
-$1.5M
Employees
417
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
C+Program efficiency40% of the rating93% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Shannon Clinic: 93% to programs earns a C+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · -37% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Shannon Clinic: 0 mo reserves · -37% margin earns a D on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Shannon Clinic: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Shannon Clinic: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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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.
Contact & location
- Address
- 120 E Beauregard Ave, San Angelo, TX, 76903
- City
- San Angelo
- State
- Texas
- Category
- Health Care
- Subcategory
- Clinics & Primary Care
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $130.5M (FY2013) to $299.9M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $72.7MNet assets -$1.5M
Operating margin
-36.5%
Spent more than it raised in the latest fiscal year.
Total assets
$71.1M
Total liabilities
$72.7M
Net assets
-$1.5M
Salaries & benefits
$200.4M
49% of expenses
Board members
13
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $299,877,363▲10.8% | $409,476,213▲13.9% | -$1,540,824▼1387% | $71,131,774▲21.2% | 990 |
| 2022 | $270,665,224▲2.1% | $359,372,912▲8.3% | $119,695▲105% | $58,681,957▲27.6% | 990 |
| 2021 | $265,211,933▲11.7% | $331,716,487▲10.4% | -$2,369,618▲68.2% | $45,989,767▼8.1% | 990 |
| 2020 | $237,377,451▲23.9% | $300,502,778▲22.0% | -$7,462,142▲45.1% | $50,059,084▲21.8% | 990 |
| 2019 | $191,624,814▼0.6% | $246,327,810▼1.5% | -$13,602,219▼2470% | $41,105,861▲6.2% | 990 |
| 2018 | $192,726,172▲13.3% | $249,972,073▲11.1% | -$529,231▼111% | $38,695,692▼4.3% | 990 |
| 2017 | $170,121,586▲3.8% | $224,910,356▲8.0% | $5,027,330▲67.9% | $40,414,446▲9.9% | 990 |
| 2016 | $163,895,183▲9.6% | $208,277,362▲9.3% | $2,993,673▼41.8% | $36,784,642▲9.0% | 990 |
| 2015 | $149,514,669▲9.3% | $190,573,402▲9.4% | $5,141,603▲58.5% | $33,749,390▲19.4% | 990 |
| 2014 | $136,781,678▲4.8% | $174,269,740▲8.6% | $3,244,660▼53.3% | $28,276,438▲1.5% | 990 |
| 2013 | $130,515,116 | $160,524,952▲5.4% | $6,943,837▼7.7% | $27,861,858▲4.4% | 990 |
| 2012 | — | $152,332,418▲5.2% | $7,523,830▲31.9% | $26,687,467▼13.1% | 990 |
| 2011 | — | $144,801,845▲10.2% | $5,702,442▲14.2% | $30,700,792▲14.2% | 990 |
| 2010 | — | $131,365,320▲9.6% | $4,993,426▲71.1% | $26,891,851▲19.4% | 990 |
| 2009 | — | $119,910,910 | $2,918,545 | $22,520,618 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Luis Duarte — $4,153,645 (1.01% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Luis Duarte | Physician | 40 | $4,153,645 |
| Christopher Haddad | Physician | 40 | $2,294,668 |
| Rudy Haddad | Physician/chairman | 40 | $2,106,507 |
| Rajanarender Cheruku | Physician | 40 | $2,096,466 |
| Steve Ritter | Physician | 40 | $1,802,119 |
| Joseph Hobbs | Physician | 40 | $1,698,891 |
| Andrew T Kingman | Physician/medical Director | 40 | $1,144,194 |
| Ross Harper | Physician/board Director | 40 | $1,102,568 |
| Caleb Vosburg | Physician / Board Director | 40 | $938,104 |
| Jason Felger | Physician / Board Director | 40 | $861,230 |
| Lindy Bankes | Physician / Board Secretary | 40 | $801,501 |
| Jenny Wiggins Smith | Physician/medical Director | 40 | $651,551 |
| Joe Mims | Physician/board Director | 40 | $606,655 |
| Robert Schultz | Physician/medical Director | 40 | $570,855 |
| Kelly Koenig | Physician/board Director | 40 | $532,086 |
| David Boswell | Physician/medical Director | 40 | $526,653 |
| Sarah Jackson Vance | Physician/former Chairman | 40 | $452,686 |
| Norma Schneeman Cerna | Physician / Board Director | 40 | $388,008 |
| Vicki Forlano Halfmann | Physician / Board Director | 40 | $387,837 |
| Dr James C Barnett | Former Chief Medical Officer/physician | 16 | $139,412 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Shannon Medical Management | Management Services | $99,699,000 |
| Shannon Medical Center | Lab & Laundry Svc | $9,106,124 |
| Luis Duarte | Settlement Fees | $1,849,292 |
| Sbg Healthcare LLC | Locums Services | $688,574 |
| Brownwood Anesthesia Pllc | Locums Services | $683,300 |
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Compare Shannon Clinic
Frequently asked questions
- Is Shannon Clinic a legitimate nonprofit?
- Yes. Shannon Clinic is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 75-2600873, based in San Angelo, Texas. Donations are tax-deductible.
- What is Shannon Clinic's EIN?
- Shannon Clinic's Employer Identification Number (EIN) is 75-2600873.
- How much revenue does Shannon Clinic report?
- Shannon Clinic reported $299,877,363 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Shannon Clinic's spending goes to programs?
- Shannon Clinic spends about 93% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Shannon Clinic have?
- CharityIndex grades Shannon Clinic C+, based on program efficiency and fundraising cost.
- How much does Shannon Clinic's highest-paid employee make?
- The highest reported compensation on Shannon Clinic's latest Form 990 is $4,153,645, paid to Luis Duarte (Physician).
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Data for Shannon Clinic (EIN 75-2600873) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.