ERIE, PA
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Sign In — Free (10 views/day)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.
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.
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...
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| 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 |
| 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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