LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE

EIN: 251698677 501(c)(3) Education

ERIE, PA

Total Revenue
$230,492,050
Total Expenses
$134,394,858
Total Assets
$1,180,027,575
Net Assets
$1,058,270,632
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
PA
Principal Officer
JOHN M FERRETTI DO
Phone
8148666641
Tax Period
2024-07-01 to 2025-06-30

LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE, founded in 1993, is a major nonprofit in the Education sector that reported $230.5M in total revenue in fiscal year 2024. The organization ran a surplus of $96.1M, a strong 42% operating margin.

Mission

THE MISSION OF LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE (LECOM) IS TO PREPARE STUDENTS TO BECOME OSTEOPATHIC PHYSICIANS, PHARMACY PRACTITIONERS AND DENTISTS THROUGH PROGRAMS OF EXCELLENCE IN EDUCATION, RESEARCH, CLINICAL CARE, AND COMMUNITY SERVICES TO ENHANCE THE QUALITY OF LIFE THROUGH IMPROVED HEALTH FOR ALL HUMANITY.

Program Service Accomplishments

Program 1
Expenses: $105,235,168 Revenue: $181,628,364

LECOM IS ONE OF THE 45 COLLEGES OF OSTEOPATHIC MEDICINE. IN 1992, THE LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE RECEIVED PRE-ACCREDITATION STATUS FROM THE AMERICAN OSTEOPATHIC ASSOCIATION. AFTER...

Read more

LECOM IS ONE OF THE 45 COLLEGES OF OSTEOPATHIC MEDICINE. IN 1992, THE LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE RECEIVED PRE-ACCREDITATION STATUS FROM THE AMERICAN OSTEOPATHIC ASSOCIATION. AFTER FURTHER PREPARATION, LECOM ACHIEVED A CHARTER FROM THE COMMONWEALTH OF PENNSYLVANIA AND FULL ACCREDITATION STATUS. LECOM ALSO HAS FULL ACCREDITATION STATUS WITH THE AMERICAN COUNCIL OF PHARMACEUTICAL EDUCATION. IT IS ONE OF OVER 140 PHARMACY SCHOOLS IN THE UNITED STATES. LECOM HAS FULL ACCREDITATION STATUS WITH THE AMERICAN DENTAL ASSOCIATION'S COMMISSION ON DENTAL ACCREDITATION. IT IS ONE OF 70 DENTAL SCHOOLS IN THE UNITED STATES. THE SCHOOL OF PODIATRIC MEDICINE HAS ACCREDITATION STATUS FROM THE COUNCIL ON PODIATRIC MEDICAL EDUCATION (CPME). IT IS ONE OF 11 PODIATRIC MEDICAL SCHOOLS IN THE UNITED STATES. THE GOAL OF LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE IS TO EDUCATE QUALIFIED STUDENTS TO BECOME OSTEOPATHIC PHYSICIANS IMBUED WITH THE PHILOSOPHICAL PRINCIPLES OF OSTEOPATHIC MEDICINE. IT IS THE STATED PURPOSE OF THE COLLEGE TO EDUCATE AND DEVELOP FAMILY PHYSICIANS IN THE OSTEOPATHIC TRADITION. AT THE SAME TIME, IT PROPOSES TO PROVIDE ITS STUDENTS WITH FIRM ACADEMIC BACKGROUND SO THAT THOSE WHO WISH MAY ADVANCE FURTHER INTO THE OSTEOPATHIC SPECIALTIES OR ACADEMIC CAREERS, PARTICULARLY FOR AND WITH OSTEOPATHIC COLLEGES. THE GOAL OF THE SCHOOL OF PHARMACY AND SCHOOL OF DENTAL MEDICINE IS TO PREPARE PHARMACY AND DENTAL PROFESSIONALS WHO ARE COMMITTED TO PROVIDE HIGH-QUALITY, ETHICAL, AND EMPATHETIC PATIENT-CENTERED CARE TO SERVE THE NEEDS OF A DIVERSE POPULATION.THREE ACADEMIC DOCTORAL DEGREES ARE CURRENTLY CONFERRED AT LECOM. THE DOCTOR OF OSTEOPATHY (DO), THE DOCTOR OF PHARMACY, AND THE DOCTOR OF DENTAL MEDICINE ARE AWARDED TO GRADUATES WHO HAVE SATISFACTORILY FULFILLED THE REQUIREMENTS FOR GRADUATION. THE FIRST MEDICAL CLASSES BEGAN ON AUGUST 9, 1993 AND 61 STUDENTS ENROLLED. THE COLLEGE BEGAN A SCHOOL OF PHARMACY IN THE FALL OF 2002. FIRST CLASSES FOR THE SCHOOL OF DENTAL MEDICINE BEGAN IN AUGUST, 2012. FOR THE FISCAL YEAR ENDED JUNE 30, 2025, THERE WERE 4,300 MEDICAL, PHARMACY, DENTAL, POST-BACCALAUREATE, AND MASTERS STUDENTS ENROLLED. THE COLLEGE HAS FOUR CAMPUSES: ERIE, PENNSYLVANIA, GREENSBURG, PENNSYLVANIA, BRADENTON, FLORIDA AND ELMIRA, NEW YORK.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $17,038,563
Program Service Revenue $175,192,621
Investment Income $30,349,590
Other Revenue $7,911,276
TOTAL REVENUE $230,492,050

Expense Breakdown

Grants Paid $4,239,745
Salaries & Benefits $59,765,779
Fundraising Expenses $0
Program Expenses $105,235,168
Other Expenses $70,389,334
TOTAL EXPENSES $134,394,858

Year-over-Year Comparison

2024 2023 Change
Revenue $230,492,050 $222,063,231 +0.0%
Expenses $134,394,858 $126,590,457 +0.1%
Net Income $96,097,192 $95,472,774 +0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
9
Independent Members
4
Employees
1056
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
5
$4,545,230
Total Directors
9
$3,412,390
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN M FERRETTI DO PRESIDENT/CEO 56.00
Officer Director
$1,570,358 $39,125 $1,609,483
MARLENE D MOSCO CHAIRMAN 1.00
Officer Director
$0 $0 $0
MARY L ECKERT SECRETARY 4.00
Officer Director
$0 $33,308 $723,538
DENNIS M STYN TRUSTEE 5.00
Director
$0 $47,505 $350,579
JAMES Y LIN DO TRUSTEE 1.00
Director
$0 $54,879 $697,790
JOAN L MOORE DO TRUSTEE 1.00
Director
$0 $0 $0
NANCY PEADEN TRUSTEE 1.00
Director
$0 $0 $0
THOMAS J WEDZIK TRUSTEE 1.00
Director
$31,000 $0 $31,000
SUZANNE K KELLEY DO TRUSTEE 1.00
Director
$0 $0 $0
SILVIA M FERRETTI DO PROVOST/VP OF ACADEMICS 73.00
Officer
$1,727,650 $39,266 $1,766,916
STEVEN G INMAN CPA CGMA VP FISCAL AFFAIRS/CFO 28.00
Officer
$406,338 $38,955 $445,293
RICHARD TERRY DO ASSOCIATE DEAN OF ACADEMIC AFFAIRS 40.00
Highest
$413,453 $49,032 $462,485
MARK KAUFFMAN DO ASSOCIATE DEAN OF ACADEMIC AFFAIRS 40.00
Highest
$362,875 $34,137 $397,012
MICHAEL ROWANE DO ASSOCIATE DEAN OF CLINICAL EDUCATION 40.00
Highest
$380,038 $45,728 $425,766
RICHARD E FERRETTI ESQ DIRECTOR OF RISK MANAGEMENT AND CORPORATE COMPLIAN 40.00
Highest
$347,604 $45,344 $392,948
MATTHEW BATEMAN PHD ASSISTANT PROVOST OF INSTITUTIONAL EFFECTIVENESS 40.00
Highest
$338,253 $41,432 $379,685
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 $230,492,050 $134,394,858 $1,180,027,575 $96,097,192
2024 No data No data No data No data
2023 $201,532,502 $121,233,796 $961,815,012 $80,298,706
2022 $201,771,210 $105,952,678 $806,863,470 $95,818,532
2021 $202,994,752 $105,154,051 $757,028,043 $97,840,701
2020 $162,737,666 $97,001,874 $601,786,639 $65,735,792
2019 $170,668,440 $97,667,196 $564,559,506 $73,001,244
2018 $167,821,490 $93,161,864 $504,992,094 $74,659,626
Explore More Nonprofits
Top 100 Nonprofits in Pennsylvania Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE with other nonprofits in Pennsylvania and across the country.