MILLCREEK COMMUNITY HOSPITAL

EIN: 251002937 501(c)(3) Health Care

ERIE, PA

Total Revenue
$72,762,777
Total Expenses
$81,679,546
Total Assets
$118,608,780
Net Assets
$99,637,351
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1948
Legal Domicile
PA
Principal Officer
JOHN M FERRETTI DO
Phone
8148644031
Tax Period
2022-07-01 to 2023-06-30

MILLCREEK COMMUNITY HOSPITAL, founded in 1948, is a mid-sized nonprofit in the Health Care sector that reported $72.8M in total revenue in fiscal year 2022. Revenue decreased 11% compared to the prior year. Expenses of $81.7M exceeded revenue, resulting in a 12% operating deficit.

Mission

MILLCREEK COMMUNITY HOSPITAL PROVIDES QUALITY HEALTHCARE REGARDLESS OF RACE, CREED, SEX, NATIONALITY, ORIGIN, HANDICAPS, AGE OR ABILITY TO PAY. THE ORGANIZATION'S MISSION IS TO SERVE THE COMMUNITY BY PROVIDING HEALTHCARE SERVICES AND EDUCATION.

Program Service Accomplishments

Program 1
Expenses: $73,619,876 Revenue: $65,907,939

MILLCREEK COMMUNITY HOSPITAL (THE HOSPITAL) IS A COMMUNITY BASED HOSPITAL PROVIDING QUALITY HEALTH CARE FOR PATIENTS WITH ILLNESSES, PROMOTING HEALING, AND IMPROVING THE QUALITY OF LIFE AT AFFORDABLE...

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MILLCREEK COMMUNITY HOSPITAL (THE HOSPITAL) IS A COMMUNITY BASED HOSPITAL PROVIDING QUALITY HEALTH CARE FOR PATIENTS WITH ILLNESSES, PROMOTING HEALING, AND IMPROVING THE QUALITY OF LIFE AT AFFORDABLE COST. MILLCREEK COMMUNITY HOSPITAL IS AN OSTEOPATHIC ACUTE CARE HOSPITAL OFFERING COMPREHENSIVE INPATIENT AND OUTPATIENT SERVICES AND 24-HOUR EMERGENCY CARE IN ERIE, PENNSYLVANIA.IT IS ALSO RECOGNIZED AS THE REGIONAL LEADER IN:BEHAVIORAL HEALTH CARE, WITH 85 INPATIENT BEDS SPREAD ACROSS THREE SPECIALIZED UNITS FOR CHILDREN, ADULTS, AND OLDER ADULTS AND AN ADULT PARTIAL HOSPITALIZATION PROGRAM.MEDICAL EDUCATION, WITH MORE PHYSICIAN RESIDENCY PROGRAMS THAN ANY HOSPITAL IN THE TRI-STATE REGION. AS A TEACHING HOSPITAL, IT IS AFFILIATED WITH LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE (LECOM) WHICH IS THE NATION'S LARGEST MEDICAL SCHOOL IN TERMS OF ENROLLED STUDENTS AT ITS ERIE, PENNSYLVANIA HEADQUARTERS, AS WELL AS ITS BRADENTON, FLORIDA, AND SETON HILL, PENNSYLVANIA FACILITIES.THE HOSPITAL DEMONSTRATES FISCAL RESPONSIBILITY BY PURSUING COST REIMBURSEMENT FOR THOSE PATIENTS WHO HAVE THE MEANS AND ABILITY TO PAY WHILE PROVIDING CARE FOR THOSE WHO LACK THE FINANCIAL RESOURCES TO PAY FOR SOME OR ALL OF THE COST. FOR THE FISCAL YEAR ENDED JUNE 30, 2023, 409 DAYS OF CHARITY CARE WERE PROVIDED AMOUNTING TO $103,370 OF FORGONE REVENUE AT A COST OF $30,000 TO THE HOSPITAL. THE HOSPITAL ACTIVELY COMMITS TO ITS UNINSURED/UNDERINSURED AND CHARITY DISCOUNT POLICIES, AND IT DOES NOT DISCRIMINATE AGAINST THOSE INDIVIDUALS WHO ARE IN NEED OF FINANCIAL ASSISTANCE FROM THE FACILITY OR THOSE IN NEED OF GOVERNMENT ASSISTANCE.THE HOSPITAL'S COMMUNITY ACTIVITIES INCLUDED SEVERAL BLOOD PRESSURE SCREENING EVENTS HELD AT SENIOR DAY, THE ANNUAL CONSUMER FAIR, AND NATIONAL SENIOR HEALTH & FITNESS DAY. A BLOOD DRIVE IS CONDUCTED TWICE A YEAR TO ASSIST IN THE COMMUNITY NEED FOR BLOOD. THE HOSPITAL PARTICIPATES IN PREVENTIVE HEALTH EDUCATION CLASSES AND PROVIDES LITERATURE FOR HEALTHY LIVING. IN ADDITION, THE HOSPITAL PLAYS A PROACTIVE ROLE IN THE DISASTER/BIOTERRORISM PREPAREDNESS PROGRAM.FOR INDIVIDUALS NEEDING FINANCIAL ASSISTANCE, TRANSPORTATION IS PROVIDED TO THE HOSPITAL'S FACILITIES FOR PHYSICIAN VISITS EITHER BY THE HOSPITAL VAN, BUS TOKENS, OR A CAB. PRESCRIPTIONS AND CLOTHING ARE ALSO PROVIDED TO THOSE IN NEED.

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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 $836,502
Program Service Revenue $65,126,136
Investment Income $1,876,896
Other Revenue $4,923,243
TOTAL REVENUE $72,762,777

Expense Breakdown

Grants Paid $0
Salaries & Benefits $45,018,990
Fundraising Expenses $0
Program Expenses $73,619,876
Other Expenses $36,660,556
TOTAL EXPENSES $81,679,546

Year-over-Year Comparison

2022 2021 Change
Revenue $72,762,777 $81,872,437 -0.1%
Expenses $81,679,546 $80,560,028 +0.0%
Net Income $-8,916,769 $1,312,409 -7.8%
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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Governance

Voting Members
12
Independent Members
5
Employees
835
Volunteers
5

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
$2,562,150
Total Directors
12
$5,032,467
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN M FERRETTI DO CHAIRMAN 8.00
Officer Director
$0 $30,818 $1,362,384
MARY L ECKERT PRESIDENT/CEO 67.00
Officer Director
$673,942 $27,033 $713,020
RICHARD P OLINGER SECRETARY/TREASURER 28.00
Officer Director
$101,143 $17,511 $124,240
SILVIA M FERRETTI DO TRUSTEE 1.00
Director
$0 $30,818 $1,560,918
ANTHONY JON FERRETTI DO TRUSTEE 1.00
Director
$53,529 $43,993 $656,481
ROBERT J GEORGE DO TRUSTEE 1.00
Director
$29,850 $0 $29,850
NANCY Z O'NEILL TRUSTEE 1.00
Director
$0 $0 $0
DALE P SPARBER TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM F MCCARTHY TRUSTEE 1.00
Director
$0 $0 $0
RICHARD B SEAGER TRUSTEE 1.00
Director
$0 $0 $0
DAVID A RUBINO MSGR TRUSTEE 1.00
Director
$0 $0 $0
DANIELLE HANSEN DO TRUSTEE 19.00
Director
$101,000 $41,549 $585,574
STEVEN G INMAN CPA CGMA VP FISCAL AFFAIRS/CFO 28.00
Officer
$0 $30,376 $362,506
LISA STEVENS DO PHYSICIAN 40.00
Highest
$323,502 $9,016 $332,518
RANDY EDWARDS DO RADIOLOGIST 40.00
Highest
$379,046 $34,351 $413,397
CHRISTOPHER CARBO DO PHYSICIAN 40.00
Highest
$413,066 $39,600 $452,666
AMY FARRIS DO PHYSICIAN 8.00
Highest
$337,197 $31,715 $368,912
ERIC MILIE DO EMERGENCY ROOM DIRECTOR 40.00
Highest
$346,415 $0 $346,415
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 $72,762,777 $81,679,546 $118,608,780 $-8,916,769
2022 $81,872,437 $80,560,028 $118,697,539 $1,312,409
2021 $62,840,376 $72,772,210 $135,222,712 $-9,931,834
2020 $65,229,071 $63,352,632 $128,055,673 $1,876,439
2019 $59,661,827 $59,811,829 $125,849,231 $-150,002
2018 $63,465,791 $60,266,417 $126,626,447 $3,199,374
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