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← LECOM HEALTH RISK RETENTION GROUP

Form 990 for tax year 2024

Filed by LECOM HEALTH RISK RETENTION GROUP.

Totals

Total revenue
$7,564,774
Total expenses
$2,355,059
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$6,719,651
Investment income
$845,123
Other revenue
$0
Total assets, end of year
$23,820,984
Total liabilities, end of year
$12,185,635
Net assets or fund balances, end of year
$11,635,349
Program services expenses (Part IX)
$2,169,785
Management and general expenses
$185,274
Fundraising expenses
$0
Program service expenses (Part III)
$2,169,785

Program services were 92.1% 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
    $1,609,483
    From this org
    $0
    From related orgs
    $1,570,358
    Other
    $39,125
    Hours/week
    1 + 79 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,541,076 related
    Bonus
    $0
    Other
    $0 + $29,282 related
    Deferred
    $0 + $27,600 related
    Nontaxable benefits
    $0 + $11,525 related
    Filer's total
    $0 + $1,609,483 related

  • STEVEN G INMAN CPA CGMA

    TREASURER AND SECRETARY

    Total calculated
    $445,293
    From this org
    $0
    From related orgs
    $406,338
    Other
    $38,955
    Hours/week
    1 + 64 related

    Schedule J breakdown matched by us

    Base
    $0 + $390,775 related
    Bonus
    $0
    Other
    $0 + $15,563 related
    Deferred
    $0 + $27,600 related
    Nontaxable benefits
    $0 + $11,355 related
    Filer's total
    $0 + $445,293 related

  • RICHARD E FERRETTI ESQ

    VICE PRESIDENT

    Total calculated
    $392,948
    From this org
    $0
    From related orgs
    $347,604
    Other
    $45,344
    Hours/week
    1 + 64 related

    Schedule J breakdown matched by us

    Base
    $0 + $333,857 related
    Bonus
    $0
    Other
    $0 + $13,747 related
    Deferred
    $0 + $25,826 related
    Nontaxable benefits
    $0 + $19,518 related
    Filer's total
    $0 + $392,948 related

  • AARON E SUSMARSKI JD

    BOARD MEMBER

    Total calculated
    $318,208
    From this org
    $0
    From related orgs
    $285,178
    Other
    $33,030
    Hours/week
    1 + 64 related

    Schedule J breakdown matched by us

    Base
    $0 + $282,644 related
    Bonus
    $0
    Other
    $0 + $2,534 related
    Deferred
    $0 + $21,624 related
    Nontaxable benefits
    $0 + $11,406 related
    Filer's total
    $0 + $318,208 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
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202523149349303727

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