LECOM AT PRESQUE ISLE INC

EIN: 475049201 501(c)(3) Housing & Shelter

ERIE, PA

Total Revenue
$11,234,207
Total Expenses
$11,248,721
Total Assets
$21,890,288
Net Assets
$19,101,339
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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
2015
Legal Domicile
PA
Principal Officer
STEVEN G INMAN CPA CGM
Phone
8148687767
Tax Period
2022-07-01 to 2023-06-30

LECOM AT PRESQUE ISLE INC, founded in 2015, is a mid-sized nonprofit in the Housing & Shelter sector that reported $11.2M in total revenue in fiscal year 2022. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

THE SOLE ACTIVITY OF LECOM AT PRESQUE ISLE IS TO PROVIDE A SKILLED NURSING FACILITY TO ADDRESS THE NEEDS OF A GROWING ELDERLY POPULATION. THIS FACILITY IS SPECIFICALLY DESIGNED FOR SENIOR RESIDENTS WHO ARE UNABLE TO LIVE ON THEIR OWN TO ALLOW THEM TO AGE IN A COMFORTABLE SAFE ENVIRONMENT. THE FACILITY EMPLOYS NURSES WHO PROVIDE RESIDENTS WITH 24 HOURS OF EMERGENCY SUPPORT WHICH WILL GIVE FAMILIES AND LOVED ONES PEACE OF MIND. IN ADDITION, OTHER PROVIDED SERVICES INCLUDE MEALS, HOUSEKEEPING, RESIDENT ACTIVITIES, WELLNESS ACTIVITIES, AND SOCIAL SERVICES.

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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 $202,531
Program Service Revenue $10,994,088
Investment Income $37,588
Other Revenue $0
TOTAL REVENUE $11,234,207

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,536,575
Fundraising Expenses $0
Program Expenses $9,799,382
Other Expenses $3,712,146
TOTAL EXPENSES $11,248,721

Year-over-Year Comparison

2022 2021 Change
Revenue $11,234,207 $10,104,148 +0.1%
Expenses $11,248,721 $11,614,822 0.0%
Net Income $-14,514 $-1,510,674 -1.0%
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

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Governance

Voting Members
7
Independent Members
1
Employees
203
Volunteers
1

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
$2,565,660
Total Directors
7
$3,462,856
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY L ECKERT PRESIDENT/CEO 1.00
Officer Director
$0 $27,033 $713,020
JOHN M FERRETTI DO PRESIDENT 1.00
Officer Director
$0 $30,818 $1,362,384
MELANIE TITZEL PHD SECRETARY & TREASURER 1.00
Officer Director
$0 $12,947 $127,750
RICHARD P OLINGER BOARD MEMBER 1.00
Director
$0 $17,511 $124,240
DANIELLE HANSEN DO BOARD MEMBER 1.00
Director
$0 $41,549 $585,574
JAMES Y LIN DO BOARD MEMBER 1.00
Director
$0 $43,404 $549,888
MARLENE D MOSCO BOARD MEMBER 1.00
Director
$0 $0 $0
STEVEN G INMAN CPA CGMA VP FISCAL AFFAIRS/CFO 1.00
Officer
$0 $30,376 $362,506
GWENDOLYN BUTLER LPN 40.00
Highest
$124,661 $13,449 $138,110
AARON KLEPS PHYSICIAN ASSISTANT 40.00
Highest
$152,450 $7,849 $160,299
DANA OYEBANJI LPN 40.00
Highest
$156,926 $16,359 $173,285
LISA MAKIN LPN 40.00
Highest
$129,566 $9,926 $139,492
CASSANDRA BURT LPN 40.00
Highest
$122,096 $23,352 $145,448
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 $11,234,207 $11,248,721 $21,890,288 $-14,514
2022 $10,104,148 $11,614,822 $22,394,003 $-1,510,674
2021 $11,034,929 $11,783,104 $21,458,135 $-748,175
2020 $11,254,040 $12,510,152 $22,559,530 $-1,256,112
2019 $10,260,393 $12,029,917 $20,827,671 $-1,769,524
2018 $9,138,383 $11,272,950 $20,642,674 $-2,134,567
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