Nonprofit · EIN 85-4350386
LECOM HEALTH RISK RETENTION GROUP
Tax-exempt · ERIE, PA 16509
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $7,564,774 | $2,355,059 | $5,209,715 | $23,820,984 | $12,185,635 | $11,635,349 |
| December 31, 2023 | 990 | $6,991,380 | $3,044,341 | $3,947,039 | $14,468,311 | $8,162,253 | $6,306,058 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $6,719,651
- Investment income
- $845,123
- Net gain from sales of assets
- $32,111
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $17,369
- Accounting fees
- $18,350
- Travel
- $43,202
- Program services (functional)
- $2,169,785
- Management and general (functional)
- $185,274
Balance sheet and other
- Total assets, start of year
- $14,468,311
- Total assets, end of year
- $23,820,984
- Total liabilities, end of year
- $12,185,635
- Net assets, end of year
- $11,635,349
- Publicly traded securities
- $1,454,746
- Gross receipts
- $7,564,774
- Employees
- 0
- Volunteers
- 1
- Year formed
- 2020
- State of legal domicile
- SC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN M FERRETTI DO | PRESIDENT Trustee or director, Officer | 1 | $0 | $1,570,358 | $39,125 |
| STEVEN G INMAN CPA CGMA | TREASURER AND SECRETARY Trustee or director, Officer | 1 | $0 | $406,338 | $38,955 |
| RICHARD E FERRETTI ESQ | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $347,604 | $45,344 |
| AARON E SUSMARSKI JD | BOARD MEMBER Trustee or director | 1 | $0 | $285,178 | $33,030 |
| NICK RODRIGUEZ-CAYRO | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN M FERRETTI DO | PRESIDENT Trustee or director, Officer | 1 | $0 | $1,472,076 | $38,739 |
| STEVEN G INMAN CPA CGMA | TREASURER AND SECRETARY Trustee or director, Officer | 1 | $0 | $381,899 | $38,506 |
| RICHARD E FERRETTI ESQ | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $318,254 | $42,755 |
| AARON E SUSMARSKI JD | BOARD MEMBER Trustee or director | 1 | $0 | $262,485 | $32,285 |
| NICK RODRIGUEZ-CAYRO | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1858 W GRANDVIEW BLVD, ERIE, PA 16509-1025
- Principal officer (990 for 2024)
- JOHN M FERRETTI DO, 1858 WEST GRANDVIEW BLVD, ERIE, PA 16509
- Signed the 990
- STEVEN G INMAN CPA CGMA, VP FISCAL AFFAIRS/CFO
- Phone
- (814) 868-8258
- Website
- HTTPS://LECOMHEALTH.COM
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
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.
Program accomplishments
- 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.Expenses $2,169,785 · revenue $6,719,651
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-4350386
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E11)
- Assets (IRS master file)
- $23,820,984
- Income (IRS master file)
- $7,564,774
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $7,564,774 | $2,355,059 | $23,820,984 | XML |
| 990 | December 2023 | $6,991,380 | $3,044,341 | $14,468,311 | XML |
| 990 | December 2022 | $4,297,375 | $3,619,554 | $7,550,098 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-4350386).
Questions about LECOM HEALTH RISK RETENTION GROUP
- What is the EIN of LECOM HEALTH RISK RETENTION GROUP?
- The employer identification number (EIN) of LECOM HEALTH RISK RETENTION GROUP is 85-4350386.
- Is LECOM HEALTH RISK RETENTION GROUP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to LECOM HEALTH RISK RETENTION GROUP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does LECOM HEALTH RISK RETENTION GROUP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LECOM HEALTH RISK RETENTION GROUP due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LECOM HEALTH RISK RETENTION GROUP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LECOM HEALTH RISK RETENTION GROUP?
- The 990 for the year ended December 31, 2024 names JOHN M FERRETTI DO.
- Who are the officers and directors of LECOM HEALTH RISK RETENTION GROUP?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does LECOM HEALTH RISK RETENTION GROUP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $7,564,774, expenses of $2,355,059 and total assets of $23,820,984 at year end.
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