MEDICAL ASSOCIATES OF ERIE

EIN: 113716896 501(c)(3) Health Care

ERIE, PA

Total Revenue
$12,139,147
Total Expenses
$14,271,638
Total Assets
$9,500,912
Net Assets
$3,393,331
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
PA
Principal Officer
STEVEN G INMAN CPA CGM
Phone
8148682501
Tax Period
2022-07-01 to 2023-06-30

MEDICAL ASSOCIATES OF ERIE, founded in 2004, is a mid-sized nonprofit in the Health Care sector that reported $12.1M in total revenue in fiscal year 2022. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $14.3M exceeded revenue, resulting in a 18% operating deficit.

Mission

TO SERVE THE COMMUNITY AS PART OF AN INTEGRATED DELIVERY SYSTEM OF HEALTHCARE SERVICES TO PREDOMINANTLY LOW INCOME PATIENTS IN CONJUNCTION WITH PROVIDING A TEACHING ENVIRONMENT FOR PHYSICIANS, RESIDENTS, INTERNS AND FELLOWS FOR LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $754,115
Program Service Revenue $7,836,214
Investment Income $4,307
Other Revenue $3,544,511
TOTAL REVENUE $12,139,147

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,045,025
Fundraising Expenses $0
Program Expenses $9,715,382
Other Expenses $4,226,613
TOTAL EXPENSES $14,271,638

Year-over-Year Comparison

2022 2021 Change
Revenue $12,139,147 $17,200,515 -0.3%
Expenses $14,271,638 $16,985,976 -0.2%
Net Income $-2,132,491 $214,539 -10.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
1
Employees
169
Volunteers
1

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
$4,123,068
Total Directors
7
$3,464,596
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN M FERRETTI DO CHAIRMAN 5.00
Officer Director
$0 $30,818 $1,362,384
MARY L ECKERT SECRETARY 1.00
Officer Director
$0 $27,033 $713,020
RICHARD P OLINGER TREASURER 1.00
Officer Director
$0 $17,511 $124,240
ANTHONY JON FERRETTI DO TRUSTEE/PHYSICIAN 49.00
Director
$558,959 $43,993 $656,481
ARMANDO RICCI DO TRUSTEE/PHYSICIAN 50.00
Director
$190,643 $32,390 $223,033
JASON DILEY TRUSTEE/VP OF AFFILIATED SERVICES 50.00
Director
$341,221 $44,217 $385,438
HOWARD MILLER TRUSTEE 1.00
Director
$0 $0 $0
STEVEN G INMAN CPA CGMA VP FISCAL AFFAIRS/CFO 1.00
Officer
$0 $30,376 $362,506
SILVIA M FERRETTI DO PROVOST/VP OF ACADEMICS 1.00
Officer
$0 $30,818 $1,560,918
SHAWN STORM DO PHYSICIAN 50.00
Highest
$512,539 $26,162 $538,701
BRIAN VIVIANO DO PHYSICIAN 50.00
Highest
$511,466 $43,993 $555,459
JOSHUA TUCK DO PHYSICIAN 50.00
Highest
$632,453 $43,993 $676,446
LORI DULABON DO PHYSICIAN 50.00
Highest
$544,670 $43,805 $588,475
DANIELLE HANSEN DO PHYSICIAN 50.00
Highest
$443,025 $41,549 $585,574
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $12,139,147 $14,271,638 $9,500,912 $-2,132,491
2022 $17,200,515 $16,985,976 $11,469,973 $214,539
2021 $16,733,859 $17,359,332 $13,349,098 $-625,473
2020 $15,281,858 $25,733,932 $8,928,647 $-10,452,074
2019 $15,577,632 $23,775,374 $9,102,635 $-8,197,742
2018 $15,979,408 $23,561,993 $7,438,827 $-7,582,585
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