MILLCREEK MANOR

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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

1989

Legal Domicile

Principal Officer

JOHN M FERRETTI DO

Phone

8148644031

Tax Period

2023-07-01 to 2024-06-30

MILLCREEK MANOR, founded in 1989, is a mid-sized nonprofit in the Health Care sector that reported $53.0M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE LONG TERM MEDICAL CARE TO THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $51,481,723 Revenue: $47,166,665

LECOM SENIOR LIVING CENTER CONSISTS OF A 144 BED SKILLED NURSING CENTER, LECOM AT VILLAGE SQUARE WHICH IS A 110-BED SKILLED NURSING FACILITY, LECOM AT ELMWOOD GARDENS WHICH IS A 51-BED SKILLED...

LECOM SENIOR LIVING CENTER CONSISTS OF A 144 BED SKILLED NURSING CENTER, LECOM AT VILLAGE SQUARE WHICH IS A 110-BED SKILLED NURSING FACILITY, LECOM AT ELMWOOD GARDENS WHICH IS A 51-BED SKILLED NURSING FACILITY AND 22-BED INDEPENDENT LIVING AND PERSONAL CARE SITE, AS WELL AS INDEPENDENT LIVING AND PERSONAL CARE SITES AS FOLLOWS: REGENCY AT SOUTH SHORE IN ERIE (116 APARTMENTS), PARKSIDE AT NORTH EAST (70 APARTMENTS), PARKSIDE AT WESTMINSTER IN MILLCREEK (76 APARTMENTS), PARKSIDE AT CORRY (39 APARTMENTS), AND PARKSIDE AT GLENWOOD (144 APARTMENTS). LECOM SENIOR LIVING STRIVES TO CREATE A HEALTHY AND PROACTIVE ENVIRONMENT THAT VALUES KEEPING OLDER ADULTS INDEPENDENT IN THEIR DECISIONS THOUGH EACH PART OF THE CONTINUUM OF CARE. LECOM HEALTH IS CONTINUING TO EMBRACE ITS COMMITMENT TO PROVIDE HIGH-QUALITY, ETHICAL AND EMPATHETIC RESIDENT CENTERED CARE TO SERVE THE NEEDS OF A DIVERSE POPULATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,398,481

Program Service Revenue $44,638,967

Investment Income $413,506

Other Revenue $2,545,698

TOTAL REVENUE $52,996,652

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,998,321

Fundraising Expenses $0

Program Expenses $51,481,723

Other Expenses $25,398,178

TOTAL EXPENSES $57,396,499

Year-over-Year Comparison

	2023	2022	Change
Revenue	$52,996,652	$44,464,696	+0.2%
Expenses	$57,396,499	$47,563,621	+0.2%
Net Income	$-4,399,847	$-3,098,925	+0.4%

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

996

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

$2,660,610

Total Directors

$3,927,105

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN M FERRETTI DO	PRESIDENT	4.00	Officer Director	$0	$38,739	$1,510,815
MARY L ECKERT	SECRETARY	1.00	Officer Director	$0	$29,094	$729,390
SILVIA M FERRETTI DO	TRUSTEE	1.00	Director	$0	$38,771	$1,686,900
VINCENT S FIERRO JR DO	TRUSTEE	1.00	Director	$0	$0	$0
ESTHER J FUCCI	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH KELLY	TRUSTEE	1.00	Director	$0	$0	$0
JOYCE SAVOCCHIO	TRUSTEE	1.00	Director	$0	$0	$0
LUIGI DILANNI	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN G INMAN CPA CGMA	VP FISCAL AFFAIRS/CFO	1.00	Officer	$0	$38,506	$420,405
CAROLE JASMIN	LPN	40.00	Highest	$219,718	$25,491	$245,209
MATTHEW BRESEE	VP OF BUSINESS DEVELOPMENT	40.00	Highest	$164,617	$28,727	$193,344
VERA BURDAK	RN SUPERVISOR	40.00	Highest	$154,422	$4,775	$159,197
JAIME BABIAK	VP OF OPERATIONS	40.00	Highest	$148,109	$9,450	$157,559
MARY KNIGHT	LPN	40.00	Highest	$149,783	$21,666	$171,449

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	$52,996,652	$57,396,499	$95,183,336	$-4,399,847
2023	$44,464,696	$47,563,621	$116,889,384	$-3,098,925
2022	$35,305,820	$41,721,537	$102,865,417	$-6,415,717
2021	$36,700,252	$37,565,613	$107,194,007	$-865,361
2020	$32,375,409	$34,358,081	$105,881,888	$-1,982,672
2019	$23,256,918	$23,504,483	$83,682,096	$-247,565
2018	$20,397,580	$22,333,909	$80,167,765	$-1,936,329