Shannon Clinic

Tax-deductible

San Angelo, TX501(c)(3)Since 1995Health CareEIN 75-2600873

Our mission is to be the premier health care provider of physician services in the communities we serve utilizing the resources available to US. We strive to provide the best access, service and medical management available to our patients while simultaneously protecting the viability of our organization and its employees.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Run by 10 volunteers and 445 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $76.5M a year · 30% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$30.6M
to officers and key staff · 7% of spending
Top officer’s pay higher than 96% of similar orgs
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Liabilities
$81.3M
103% of total assets
Concern: liabilities are 103% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 13 voting members
Concern: none of 13 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$311.3M
+4% vs prior year
Spent
$435.6M
To programs
93%
Net assets
−$2.0M
By yearFY2020–FY2024
Revenue
$311.3M
FY2024▲ +4%
Revenue by fiscal year
FY2020$191.6M
FY2021$237.4M
FY2022$265.2M
FY2023$270.7M
FY2024$299.9M
FY2024$311.3M
Expenses
$435.6M
FY2024▲ +6%
Expenses by fiscal year
FY2020$246.3M
FY2021$300.5M
FY2022$331.7M
FY2023$359.4M
FY2024$409.5M
FY2024$435.6M
Net assets
−$2.0M
FY2024▼ -31%
Net assets by fiscal year
FY2020−$13.6M
FY2021−$7.5M
FY2022−$2.4M
FY2023$120K
FY2024−$1.5M
FY2024−$2.0M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2000.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $403.8M Management & general 7% · $31.8M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

31 people listed on the 990; $30.6M paid to officers and key staff.

Part VII, Section A · reportable compensation
Physician
$4,663,700Pt VII · Sec A
$2,418,643Pt VII · Sec A
Physician/Chairman
$2,210,157Pt VII · Sec A
Physician
$2,176,602Pt VII · Sec A
Physician
$2,061,775Pt VII · Sec A
$2,032,368Pt VII · Sec A
Secretary
$1,370,176Pt VII · Sec A
Physician/Board Director
$1,111,508Pt VII · Sec A

Luis Duarte’s $4.7M as Physician is at the 96th percentile of top reported officer pay among 1747 $100M+ health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Luis Duarte—————$7,190,048
Luis Duarte$4,663,700$4,153,645$3,399,859$3,548,759$5,419,405—
Christopher Haddad$2,418,643$2,294,668$2,230,044$2,208,561$2,011,479—
Rudy Haddad$2,210,157$2,106,507$1,987,805$1,970,871$1,838,641—
Steve Ritter$2,176,602$1,802,119$1,701,342$1,646,042$1,662,350—
Rajanarender Cheruku$2,032,368$2,096,466$2,091,707$1,904,599$1,764,762—
Joseph Hobbs$2,061,775$1,698,891$1,602,641$1,613,021——
Christopher Haddad—————$1,974,104

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides exceptional local healthcare for community members.

Provided by the organization

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1 program service account for $403.8M of program spending, described in the organization's own filed words · FY2024.
01

Provide health care services as a multi-specialty physician clinic at locations throughout san angelo and nearby communities regardless of ability to pay, including call coverage for shannon medical center, an affiliated non-profit hospital.

$403.8Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$311.3M
Ln 12
Fees for servicesLn 2g$311.2M
Investment incomeLn 3$110K
Money outPt IX
$435.6M
Ln 25
Programscol B$403.8M
Managementcol C$31.8M
Owns and owesPt X
−$2.0M
net assets · Ln 32
Total assetsLn 16$79.3M
LiabilitiesLn 26$81.3M
PeoplePt VI, VII
31
listed · VII A
PaidVII A27
Voting boardVI 1a13
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$311.2M
Investment incomeLn 3$110K
Total revenueLn 12$311.3M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$6.0M
Other assetsLn 15$46.9M
Total assetsLn 16$79.3M
LiabilitiesLn 26$81.3M
Net assetsLn 32−$2.0M
OperationsPt I, VI
EmployeesI 5445
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$0$0
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$5.7M$6.0M
Total assetsLn 16$71.1M$79.3M
LiabilitiesLn 26$72.7M$81.3M
Net assetsLn 32−$1.5M−$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$8.5M$8.5M
Pay of disqualified personsLn 6$10.0M$10.0M
Other salaries and wagesLn 7$169.7M$164.0M$5.7M
Pension plan contributionsLn 8$11.8M$9.0M$2.8M
Other employee benefitsLn 9$7.8M$6.0M$1.8M
Payroll taxesLn 10$6.9M$4.8M$2.1M
Management feesLn 11a$123.0M$104.6M$18.5M
Accounting feesLn 11c$182K$160K$22K
Other fees for servicesLn 11g$29.6M$29.5M$128K$0
Advertising and promotionLn 12$18K$18K
Office expensesLn 13$525K$504K$21K
Information technologyLn 14$124K$105K$19K
OccupancyLn 16$42K$35K$6K
TravelLn 17$564K$564K
Depreciation, depletion and amortizationLn 22$1.3M$1.1M$192K
InsuranceLn 23$3.7M$3.4M$221K
Other expenses (24a–d)Ln 24$60.3M$60.2M$102K
All other expensesLn 24e$1.6M$1.4M$219K$0
Total functional expensesLn 25$435.6M$403.8M$31.8M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $299.9M$409.5M−$109.6M−$1.5M 990 PDF
FY2023 $270.7M$359.4M−$88.7M$120K 990 PDF
FY2022 $265.2M$331.7M−$66.5M−$2.4M 990 PDF
FY2021 $237.4M$300.5M−$63.1M−$7.5M 990 PDF
FY2020 $191.6M$246.3M−$54.7M−$13.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $311,318,085 across 4 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $311,207,875$311,207,875
VIII-3 Investment incomeExcluded from tax $110,210$110,210
VIII-12 Total revenueRelated to mission $311,207,875 · Unrelated business $0 · Excluded from tax $110,210$311,318,085
Part IX · Statement of functional expenses $435,612,581 across 19 lines filed
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $8,452,235$8,452,235
IX-6 Pay of disqualified personsPrograms $10,032,536$10,032,536
IX-7 Other salaries and wagesPrograms $164,016,957 · Management $5,668,283$169,685,240
IX-8 Pension plan contributionsPrograms $8,974,375 · Management $2,804,324$11,778,699
IX-9 Other employee benefitsPrograms $6,015,795 · Management $1,833,273$7,849,068
IX-10 Payroll taxesPrograms $4,781,050 · Management $2,087,481$6,868,531
IX-11a Management feesPrograms $104,557,590 · Management $18,451,339$123,008,929
IX-11c Accounting feesPrograms $159,707 · Management $22,452$182,159
IX-11g Other fees for servicesPrograms $29,455,717 · Management $127,534 · Fundraising $0$29,583,251
IX-12 Advertising and promotionPrograms $18,118$18,118
IX-13 Office expensesPrograms $503,815 · Management $20,931$524,746
IX-14 Information technologyPrograms $105,064 · Management $18,541$123,605
IX-16 OccupancyPrograms $35,465 · Management $6,258$41,723
IX-17 TravelPrograms $563,803$563,803
IX-22 Depreciation, depletion and amortizationPrograms $1,088,891 · Management $192,157$1,281,048
IX-23 InsurancePrograms $3,443,445 · Management $221,459$3,664,904
IX-24 Other expenses (24a–d)Programs $60,234,328 · Management $102,129$60,336,457
IX-24e All other expensesPrograms $1,398,966 · Management $218,563 · Fundraising $0$1,617,529
IX-25 Total functional expensesPrograms $403,837,857 · Management $31,774,724 · Fundraising $0$435,612,581
Part X · Balance sheet $79,265,983 assets, 22 lines filed
Asset lines not itemized here account for $2,763,353; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $19,809,819$17,525,993
X-8 Inventories for sale or useStart of year $2,101,212$2,569,786
X-9 Prepaid expenses and deferred chargesStart of year $1,368,925$3,440,348
X-10c Land, buildings and equipment, netStart of year $5,723,901$6,026,371
X-11 Publicly traded securitiesStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $39,963,420$46,940,132
X-16 Total assetsStart of year $71,131,774$79,265,983
X-17 Accounts payable and accrued expensesStart of year $26,853,383$28,891,456
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $1,014,800$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $44,804,415$52,397,779
X-26 Total liabilitiesStart of year $72,672,598$81,289,235
X-27 Net assets without donor restrictionsStart of year −$1,540,824−$2,023,252
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year −$1,540,824−$2,023,252
X-33 Total liabilities and net assetsStart of year $71,131,774$79,265,983
Part XI · Reconciliation of net assets −$2,023,252 net assets at year end
XI-1 Total revenue$311,318,085
XI-2 Total expenses$435,612,581
XI-3 Revenue less expenses−$124,294,496
XI-4 Net assets at start of year−$1,540,824
XI-9 Other changes in net assets$123,812,068
XI-10 Net assets at end of year−$2,023,252

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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