ERIE, PA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LECOM HEALTH RISK RETENTION GROUP, founded in 2020, is a community nonprofit in the Health Care sector that reported $7.0M in total revenue in fiscal year 2023. Revenue surged 63% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.9M, a strong 56% operating margin.
THE CORPORATION'S PRIMARY PURPOSE IS TO SUPPORT THE CHARITABLE PURPOSES OF (I) MILLCREEK HEALTH SYSTEM, A PENNSYLVANIA NONPROFIT CORPORATION D/B/A LECOM HEALTH (THE "PARENT"), AND (II) EACH AFFILIATE OF THE PARENT THAT IS IN EXISTENCE ON THE DATE HEREOF OR IS FORMED AFTER THE DATE HEREOF AND THAT IS EXEMPT FROM FEDERAL INCOME TAX AND IS AN ENTITY OF THE TYPE DESCRIBED IN SECTION 501(C)(3) OF THE CODE (THE "LECOM EXEMPT AFFILIATES") BY PROVIDING INSURANCE AND/OR CLAIMS DEFENSE, ADMINISTRATION, AND INDEMNITY TO, OR IN RESPECT OF RISKS PRESENTED BY AND ACTIVITIES ENGAGED IN BY, THE PARENT AND/OR THE LECOM EXEMPT AFFILIATES, TOGETHER WITH THEIR RESPECTIVE EMPLOYEES AND OTHERS PROVIDING SERVICES ON BEHALF OF AND WITHIN THE SCOPE OF THE EXEMPT ACTIVITIES ENGAGED IN BY THE PARENT AND/OR THE LECOM EXEMPT AFFILIATES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $6,991,380 | $4,297,375 | +0.6% |
| Expenses | $3,044,341 | $3,619,554 | -0.2% |
| Net Income | $3,947,039 | $677,821 | +4.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JOHN M FERRETTI DO | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $38,739 | $1,510,815 |
| STEVEN G INMAN CPA CGMA | TREASURER AND SECRETARY | 1.00 |
Officer
Director
|
$0 | $38,506 | $420,405 |
| RICHARD E FERRETTI ESQ | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $42,755 | $361,009 |
| AARON E SUSMARSKI JD | BOARD MEMBER | 1.00 |
Director
|
$0 | $32,285 | $294,770 |
| NICK RODRIGUEZ-CAYRO | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $6,991,380 | $3,044,341 | $14,468,311 | $3,947,039 |
| 2022 | $4,297,375 | $3,619,554 | $7,550,098 | $677,821 |
| 2021 | $2,396,083 | $1,878,367 | $3,561,242 | $517,716 |
Compare LECOM HEALTH RISK RETENTION GROUP with other nonprofits in Pennsylvania and across the country.