MILLCREEK HEALTH SYSTEM MEDICAL PROFESSIONAL LIABILITY SELF-INS TRUST

EIN: 576204119 501(c)(3) Health Care

ERIE, PA

Total Revenue
$1,684,243
Total Expenses
$341,956
Total Assets
$18,364,799
Net Assets
$18,364,799
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
PA
Principal Officer
JOHN M FERRETTI DO
Phone
8148644031
Tax Period
2024-07-01 to 2025-06-30

MILLCREEK HEALTH SYSTEM MEDICAL PROFESSIONAL LIABILITY SELF-INS TRUST, founded in 2003, is a community nonprofit in the Health Care sector that reported $1.7M in total revenue in fiscal year 2024. Revenue fell 76% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.3M, a strong 80% operating margin.

Mission

TO PROVIDE MANDATORY PROFESSIONAL LIABILITY COVERAGE TO AFFILIATED ORGANIZATIONS THAT ARE EXEMPT UNDER SECTION 501(C)(3).

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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 (2024)

Revenue Breakdown

Contributions & Grants $785,026
Program Service Revenue $0
Investment Income $899,217
Other Revenue $0
TOTAL REVENUE $1,684,243

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $275,000
Other Expenses $341,956
TOTAL EXPENSES $341,956

Year-over-Year Comparison

2024 2023 Change
Revenue $1,684,243 $7,069,535 -0.8%
Expenses $341,956 $2,974,034 -0.9%
Net Income $1,342,287 $4,095,501 -0.7%
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

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Governance

Voting Members
6
Independent Members
2
Employees
N/A
Volunteers
2

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
$2,054,776
Total Directors
6
$4,111,283
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN M FERRETTI DO PRESIDENT/CEO 1.00
Officer Director
$0 $39,125 $1,609,483
MARY L ECKERT TRUSTEE 1.00
Director
$0 $33,308 $723,538
ANTHONY JOHN FERRETTI DO TRUSTEE 1.00
Director
$0 $0 $9,546
VINCENT S FIERRO DO TRUSTEE 1.00
Director
$0 $0 $1,800
HARRY E BROWN TRUSTEE 1.00
Director
$0 $0 $0
SILVIA M FERRETTI DO TRUSTEE 1.00
Director
$0 $39,266 $1,766,916
STEVEN G INMAN CPA CGMA VP FISCAL AFFAIRS/CFO 1.00
Officer
$0 $38,955 $445,293
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 $1,684,243 $341,956 $18,364,799 $1,342,287
2024 No data No data No data No data
2023 $1,282,735 $612,033 $22,588,215 $670,702
2022 $1,942,066 $1,096,287 $22,939,503 $845,779
2021 $1,700,818 $906,071 $26,522,177 $794,747
2020 $1,433,385 $271,483 $22,334,559 $1,161,902
2019 $1,060,036 $274,481 $20,495,192 $785,555
2018 $1,757,214 $775,363 $17,678,191 $981,851
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