CORRY MEDICAL SERVICES INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

Principal Officer

JOHN M FERRETTI DO

Phone

8146644641

Tax Period

2022-07-01 to 2023-06-30

CORRY MEDICAL SERVICES INC, founded in 1982, is a micro nonprofit in the Health Care sector that reported $39K in total revenue in fiscal year 2022.

Mission

THE MISSION OF CORRY MEDICAL SERVICES IS TO PROVIDE ACCESS TO QUALITY PHYSICIANS AND OTHER HEALTHCARE PROFESSIONALS IN ORDER TO MEET THE HEALTHCARE NEEDS OF THE CORRY COMMUNITY AND POPULATION OF THE SURROUNDING RURAL AREAS.

Program Service Accomplishments

Program 1

Expenses: $3,574

PRACTICES USED TO INCLUDE CERTIFIED REGISTERED NURSE ANESTHETISTS

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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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $-39,152

Other Revenue $0

TOTAL REVENUE $-39,152

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,574

Other Expenses $3,574

TOTAL EXPENSES $3,574

Year-over-Year Comparison

	2022	2021	Change
Revenue	$-39,152	N/A	N/A
Expenses	$3,574	$4,893	-0.3%
Net Income	$-42,726	$-4,893	+7.7%

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

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$2,236,914

Total Directors

$2,976,166

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN M FERRETTI DO	CHAIR, LECOM CEO	1.00	Officer Director	$0	$30,818	$1,362,384
RICHARD P OLINGER	SECRETARY/TREASURER	1.00	Officer Director	$0	$17,511	$124,240
JOHN WILSON	TRUSTEE	1.00	Director	$0	$0	$0
JASEN DILEY	TRUSTEE	1.00	Director	$0	$44,217	$385,438
JOHN J KALATA DO	TRUSTEE	1.00	Director	$0	$0	$3,300
MARY L ECKERT	TRUSTEE, MILLCREEK HOSPITAL	1.00	Director	$0	$27,033	$713,020
BARBARA NICHOLS	CEO	1.00	Officer Director	$0	$19,656	$387,784
STEVEN G INMAN CPA CGMA	VP FISCAL AFFAIRS/CFO	1.00	Officer	$0	$30,376	$362,506

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
2023	$-39,152	$3,574	No data	$-42,726
2022	No data	$4,893	$42,726	No data
2021	No data	$5,884	$51,663	No data
2020	$6,952	$18,546	$73,493	$-11,594
2019	$5,660	$15,685	$73,674	$-10,025
2018	$7,499	$17,695	$89,348	$-10,196