Loretto Management Corporation
Loretto Management Corporation reported $28.3 million in revenue and $30.4 million in expenses for calendar year 2024. Of every $100 it spent, $74.47 went to program services, $25.53 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 94.1% of the total. The highest compensation it reported for one person was $637,588 (CEO/PRESIDENT). Revenue rose 4% between 2020 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $30MFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $28MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 74.5% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 25.5% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 94.1% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $637,588 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.10% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 0 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | -0.5 | 6.6 |
| Independent voting board members Part VI 1a–1b | 16 of 16 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseTo provide food and food service to nursing homes and other health care related entities
The organization provides services in the areas of human resources, finance, information technology and administration, as well as medical records managment
The organization provides healthcare & nutrition services to related & unrelated organizations
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO/PRESIDENT Officer, 1.00 hrs/week | $0 | $609,681 | $27,907 | $637,588 |
| CHIEF FINANCIAL OFFICER Officer, 1.00 hrs/week | $0 | $299,513 | $4,334 | $303,847 |
| VICE PRESIDENT, GENERAL COUNSEL Highest compensated employee, 1.00 hrs/week | $0 | $274,608 | $3,976 | $278,584 |
| MEDICAL DIRECTOR Officer, 1.00 hrs/week | $0 | $274,997 | $0 | $274,997 |
| CHIEF NURSING OFFICER Key employee, 1.00 hrs/week | $0 | $270,163 | $3,748 | $273,911 |
| CHIEF MARKETING AND ENGAGEMENT OFFICER Key employee, 0.00 hrs/week | $0 | $251,743 | $3,797 | $255,540 |
| CHIEF PEOPLE OFFICER Key employee, 1.00 hrs/week | $0 | $239,101 | $468 | $239,569 |
| CHIEF INFORMATION OFFICER Key employee, 1.00 hrs/week | $0 | $222,214 | $3,490 | $225,704 |
0 people received more than $100,000 in reportable compensation from Loretto Management Corporation (Part VII, line 2).
5 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b16 · 16 independent
- Audited financial statements Part XII 2bNo
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
Private foundation grants it received
1 private foundation reported grants to Loretto Management Corporation totaling $1.0M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Loretto Management Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Loretto Management Corporation, you can publish a response that is linked from this page.
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Of every $100 Loretto Management Corporation spent in 2024, $74.47 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of Loretto Management Corporation's spending goes to programs?
In calendar year 2024, Loretto Management Corporation reported that 74.5% of its $30.4 million in expenses went to program services, 25.5% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Loretto Management Corporation pay its top executive?
The largest total compensation Loretto Management Corporation reported for one person in calendar year 2024 was $637,588, for the role of CEO/PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Loretto Management Corporation get its money?
Of $28.3 million in revenue in calendar year 2024, 0.0% came from contributions and grants and 94.1% from program service revenue (Form 990, Part VIII).
Is Loretto Management Corporation a registered charity?
The IRS lists EIN 22-2873640 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202513179349305371 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202433199349311413 · read the filing
- 2022: Form 990 for calendar year 2022, object 202312869349301516 · read the filing
- 2021: Form 990 for calendar year 2021, object 202322779349300302 · read the filing
- 2020: Form 990 for calendar year 2020, object 202302779349300205 · read the filing
All filings for EIN 22-2873640: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.