Presbyterian Homes in the Presbytery of Lake Erie

EIN: 250979369 501(c)(3)

Erie, PA

Total Revenue
$15,726,446
Total Expenses
$16,229,539
Total Assets
$19,520,098
Net Assets
$17,503,473
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1943
Legal Domicile
PA
Principal Officer
Gary Seib
Phone
8143141712
Tax Period
2024-01-01 to 2024-12-31

Presbyterian Homes in the Presbytery of Lake Erie, founded in 1943, is a mid-sized nonprofit that reported $15.7M in total revenue in fiscal year 2024. Revenue fell 53% from the prior year — a significant decline worth monitoring.

Mission

We are committed to providing a continuum of care consisting of short term rehabilitation, long term skilled care, memory care, personal care and independent living, all within a home-like setting and with a person-centered care philosophy, serving the Presbytery of Lake Erie (Erie, Crawford, Warren, Venango, McKean and Forest counties). During the current year, Presbyterian Homes operated a skilled nursing facility in Erie, PA (Manchester Commons),and also operates a personal care homes at Manchester Commons. These facilities continued to provide care even after the resident has exhausted their own resources. Hospice care is provided through a partnership with local hospice providers so that residents and their families have the full assurance of comprehensive care through end of life. In 2024, Presbyterian Homes provided $283,000 in benevolent care and $2,300,000 of uncompensated care.

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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 (2024)

Revenue Breakdown

Contributions & Grants $190,252
Program Service Revenue $15,393,605
Investment Income $142,589
Other Revenue $0
TOTAL REVENUE $15,726,446

Expense Breakdown

Grants Paid $0
Salaries & Benefits $9,749,456
Fundraising Expenses $0
Program Expenses $14,518,409
Other Expenses $6,480,083
TOTAL EXPENSES $16,229,539

Year-over-Year Comparison

2024 2023 Change
Revenue $15,726,446 $33,415,112 -0.5%
Expenses $16,229,539 $27,012,204 -0.4%
Net Income $-503,093 $6,402,908 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
7
Employees
N/A
Volunteers
10

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
4
$1,175,263
Total Directors
10
$818,275
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Frederick G Fiedler Director and Vice-Chair 3.00
Director
$0 $0 $0
James B Ohrn Director and Chair 3.00
Director
$0 $0 $0
Eric Presogna Director 1.00
Director
$0 $0 $0
Melonie Jackson Director 1.00
Director
$0 $0 $0
James B Pieffer Director and Secretary 1.00
Officer Director
$0 $37,604 $505,187
Ellen Pfadt Director 1.00
Director
$0 $0 $0
Dr Carol A Amann Director 1.00
Director
$0 $0 $0
Rev Anita Bernhardt Director 1.00
Director
$0 $0 $0
Todd Boslau Director and Assistant Tre 1.00
Officer Director
$0 $37,189 $313,088
Timothy Shine Director 1.00
Director
$0 $0 $0
Roberta Gray Senior Director 40.00
Officer
$0 $9,635 $193,652
Gary Seib Treasurer 40.00
Officer
$0 $14,330 $163,336
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
2024 $15,726,446 $16,229,539 $19,520,098 $-503,093
2023 $33,415,112 $27,012,204 $20,758,240 $6,402,908
2022 $28,277,156 $32,302,820 $29,805,534 $-4,025,664
2021 $32,251,648 $30,408,294 $35,345,781 $1,843,354
2020 $29,601,838 $30,607,003 $37,692,111 $-1,005,165
2019 $28,684,431 $29,243,530 $35,188,687 $-559,099
2018 $28,472,500 $29,084,259 $35,409,424 $-611,759
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