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← LECOM HEALTH RISK RETENTION GROUP

Form 990 for tax year 2023

Filed by LECOM HEALTH RISK RETENTION GROUP.

Totals

Total revenue
$6,991,380
Total expenses
$3,044,341
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$6,559,231
Investment income
$432,149
Other revenue
$0
Total assets, end of year
$14,468,311
Total liabilities, end of year
$8,162,253
Net assets or fund balances, end of year
$6,306,058
Program services expenses (Part IX)
$2,874,098
Management and general expenses
$170,243
Fundraising expenses
$0
Program service expenses (Part III)
$2,874,098

Program services were 94.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JOHN M FERRETTI DO

    PRESIDENT

    Total calculated
    $1,510,815
    From this org
    $0
    From related orgs
    $1,472,076
    Other
    $38,739
    Hours/week
    1 + 79 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,436,729 related
    Bonus
    $0
    Other
    $0 + $35,347 related
    Deferred
    $0 + $26,400 related
    Nontaxable benefits
    $0 + $12,339 related
    Filer's total
    $0 + $1,510,815 related

  • STEVEN G INMAN CPA CGMA

    TREASURER AND SECRETARY

    Total calculated
    $420,405
    From this org
    $0
    From related orgs
    $381,899
    Other
    $38,506
    Hours/week
    1 + 64 related

    Schedule J breakdown matched by us

    Base
    $0 + $375,024 related
    Bonus
    $0
    Other
    $0 + $6,875 related
    Deferred
    $0 + $26,363 related
    Nontaxable benefits
    $0 + $12,143 related
    Filer's total
    $0 + $420,405 related

  • RICHARD E FERRETTI ESQ

    VICE PRESIDENT

    Total calculated
    $361,009
    From this org
    $0
    From related orgs
    $318,254
    Other
    $42,755
    Hours/week
    1 + 64 related

    Schedule J breakdown matched by us

    Base
    $0 + $309,167 related
    Bonus
    $0
    Other
    $0 + $9,087 related
    Deferred
    $0 + $22,954 related
    Nontaxable benefits
    $0 + $19,801 related
    Filer's total
    $0 + $361,009 related

  • AARON E SUSMARSKI JD

    BOARD MEMBER

    Total calculated
    $294,770
    From this org
    $0
    From related orgs
    $262,485
    Other
    $32,285
    Hours/week
    1 + 64 related

    Schedule J breakdown matched by us

    Base
    $0 + $261,987 related
    Bonus
    $0
    Other
    $0 + $498 related
    Deferred
    $0 + $20,164 related
    Nontaxable benefits
    $0 + $12,121 related
    Filer's total
    $0 + $294,770 related

  • NICK RODRIGUEZ-CAYRO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE ORGANIZATION'S CEO IS PAID BY LECOM. LECOM USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE CEO: -COMPENSATION COMMITTEE -INDEPENDENT COMPENSATION CONSULTANT -FORM 990 OF OTHER ORGANIZATIONS -COMPENSATION SURVEY OR STUDY -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
25 October 2024
IRS schema version
2023v5.1
Source object
202413029349300011

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