2022-05-13T08:58:19-05:00 2021-06-30 135565207 KPMG LLP 8350 BROAD STREET STE 900 MCLEAN VA 22102 990 2020-07-01 473054125 READING HOSPITAL FOUNDATION READ 4846284307 PO BOX 16052 READING PA 196126052 P SUE PERROTTY TOWER HLTH PRES/CEO 4846284307 2022-05-13 true P SUE PERROTTY XXX-XX-XXXX ANDREW ROE P01876391 7032868000 2022-05-13 2020 2022-09-23 18:48:47Z KATHERINE THORNTON PO BOX 16052 READING PA 19612 5935033 false X SEE SUPPLEMENTAL DISCLOSURE X 2015 PA TO SUPPORT INNOVATION, EDUCATION, RESEARCH AND OVERALL IMPROVEMENT OF HEALTHCARE SERVICES IN SUPPORT OF READING HOSPITAL AND THE COMMUNITY. 23 17 4 17 0 1514642 5935033 0 0 0 1514642 5935033 663484 1896268 0 683416 576079 0 7568 148192 114663 1495092 2587010 19550 3348023 35868935 47702204 1099768 1524213 34769167 46177991 TO SUPPORT INNOVATION, EDUCATION, RESEARCH AND OVERALL IMPROVEMENT OF HEALTHCARE SERVICES IN SUPPORT OF READING HOSPITAL AND THE COMMUNITY. false false 2514385 1896268 THROUGH THE GENEROSITY OF THOUSANDS OF DONERS, THE READING HOSPITAL FOUNDATION WAS ABLE TO SUPPORT PROGRAMS AT READING HOSPITAL THAT WERE INNOVATIVE, EDUCATIONAL AND RESEARCH BASED. OVER THE LAST 22 MONTHS, OUR HOSPITAL, COMMUNITY, AND NATION HAVE FACED EXCEPTIONAL CHALLENGES. THROUGH IT ALL, THE GENEROSITY OF OUR BENEFACTORS HAS IMPROVED PATIENT CARE, ASSISTED COVID TREATMENT, PROVIDED FUNDING FOR MEDICAL RESEARCH, AND ALLOWED FOR CLINICAL EDUCATION TO ENSURE OUR HOSPITAL DELIVERS HEALTHCARE AT THE HIGHEST LEVEL IN OUR REGION. 2514385 true true false false false false false false false true false false false true true true false true false false false false false false false false false true false true false false false false false false false false false false false false false true true false false false true 0 0 false 4 true false false false false false false false false false false false false false false X 23 17 false false false false true true true true true false false true true true true true true true true false PA X ROBERT EHINGER SVP FIN OPERATIONS 4846288000 420 SOUTH 5TH AVENUE WEST READING PA 19611 GARY F CONNER BOARD/CFO TH 2.00 52.50 X 0 1369454 221759 WILLIAM JENNINGS BOARD/EVP & 2.00 52.50 X 0 995458 286428 DAN AHERN BOARD/EVP BU 2.00 50.50 X 0 855506 211047 KATHERINE THORNTON PRESIDENT OF 50.00 X X 288979 0 58635 VINTI SHAH DO BOARD MEMBER 2.00 48.00 X 0 287200 55927 LARRY ROTENBERG MD BOARD MEMBER 2.00 8.00 X 0 10220 -21029 JEFF RUSH CHAIRMAN 2.00 X X 0 0 0 PAUL COHN VICE CHAIRMA 2.00 X X 0 0 0 P MICHAEL EHLERMAN TREASURER 2.00 X X 0 0 0 BUNNY ZINTAK SECRETARY 2.00 X X 0 0 0 CHRISSY AUMAN BOARD MEMBER 2.00 X 0 0 0 PAULA BARRETT BOARD MEMBER 2.00 X 0 0 0 MARY ELLEN BATMAN BOARD MEMBER 2.00 X 0 0 0 JAMES BOSCOV BOARD MEMBER 2.00 4.00 X 0 0 0 RICHARD CLOSE BOARD MEMBER 2.00 X 0 0 0 RICHARD EHST BOARD MEMBER 2.00 X 0 0 0 VICTOR HAMMEL BOARD MEMBER 2.00 X 0 0 0 KATHY HERBEIN BOARD MEMBER 2.00 X 0 0 0 CHRIS KRARAS BOARD MEMBER 2.00 4.00 X 0 0 0 MARLIN MILLER BOARD MEMBER 2.00 X 0 0 0 KAREN RIGHTMIRE BOARD MEMBER 2.00 4.00 X 0 0 0 DAVID THUN BOARD MEMBER 2.00 X 0 0 0 MIKE TOLEDO BOARD MEMBER 2.00 X 0 0 0 JOHN WEIDENHAMMER BOARD MEMBER 2.00 2.50 X 0 0 0 C THOMAS WORK ESQ BOARD MEMBER 2.00 4.00 X 0 0 0 288979 3517838 812767 1 false true false 5935033 5935033 5935033 1896268 1896268 316560 284904 31656 198822 178940 19882 29636 26672 2964 31061 27955 3106 36002 32401 3601 21578 17786 3792 10730 6250 1451 3029 482 482 1138 1138 SOFTWARE SUPPLIES & MAINT 34604 34604 OTHER EXPENSES 5245 4975 270 OUTSIDE SERVICE EXPENSE 4377 3630 747 DUES AND SUBSCRIPTIONS 507 507 2587010 2514385 65057 7568 315983 658388 34604 17105353 21565614 18412995 25478202 35868935 47702204 1099768 1524213 1099768 1524213 X -841906 -1532648 35611073 47710639 34769167 46177991 35868935 47702204 X 3348023 9781560 -1720759 X false true X true false X X X 1 READING HOSPITAL 231352204 3 true 1896268 0 1 1896268 0 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17734395 3505810 3450713 27682 24663236 16549293 1699113 -492035 21976 17734395 16241891 1538398 -1210459 20538 16549293 16438515 -191643 4981 16241891 1.00000 false false TEMPORARY RESTRICTED FUNDS 24663235 LT PLEDGE RECEIVABLE 814967 25478202 PAYABLE TO AFFILIATES 1583128 OTHER - 457 PLAN 14839 GRANT PAYABLE -73754 1524213 X 1896268 1896268 4038765 4038765 5935033 2587010 2587010 2587010 SCHEDULE D, PAGE 3, PART X THE SYSTEM IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. ON SUCH A BASIS, THE EXEMPT ENTITIES DO NOT INCUR LIABILITY FOR FEDERAL INCOME TAXES, EXCEPT IN THE CASE OF UNRELATED BUSINESS INCOME. THE SYSTEM EVALUATES UNCERTAIN TAX POSITIONS USING A TWO-STEP APPROACH FOR RECOGNIZING AND MEASURING TAX BENEFITS TAKEN OR EXPECTED TO BE TAKEN IN AN UNRELATED BUSINESS ACTIVITY TAX RETURN AND DISCLOSURES REGARDING UNCERTAINTIES IN TAX POSITIONS. NO ADJUSTMENTS TO THE CONSOLIDATED FINANCIAL STATEMENTS WERE REQUIRED AS A RESULT OF THIS EVALUATION. SCHEDULE D, PAGE 4, PART XI, LINE 4B 4,038,765 SCHEDULE D, PAGE 4, PART XIII DONATIONS OF 4,038,765 WERE REPORTED AS EITHER TEMPORARILY OR PERMANENTLY RESTRICTED IF THEY WERE RECEIVED WITH DONOR STIPULATIONS THAT LIMIT THE USE OF THE DONATED ASSETS. WHEN A DONOR RESTRICTION EXPIRES, THAT IS, WHEN A STIPULATED TIME RESTRICTION ENDS OR PURPOSE RESTRICTION IS ACCOMPLISHED, TEMPORARILY RESTRICTED NET ASSETS ARE RECLASSIFIED AS UNRESTRICTED NET ASSETS AND REPORTED IN THE CONSOLIDATED STATEMENTS OF OPERATIONS AS NET ASSETS RELEASED FROM RESTRICTIONS. DONOR RESTRICTED DONATIONS WHOSE RESTRICTIONS ARE MET WITHIN THE SAME YEAR AS RECEIVED ARE REPORTED AS UNRESTRICTED DONATIONS IN THE ACCOMPANYING CONSOLIDATED STATEMENTS OF OPERATIONS. true READING HOSPITAL PO BOX 16052 READING PA 19612 231352204 501C3 1896268 SUPPORT 1 SCHEDULE I, PAGE 4, PART IV IN ORDER TO ENSURE THAT THE USE OF FUNDS ARE FOR CHARITABLE PURPOSES, GRANTS AND ASSISTANCE ARE ONLY PROVIDED TO INTERNAL REVENUE CODE SECTION 501(C)(3) SUPPORTED ORGANIZATIONS OF THE READING HOSPITAL FOUNDATION, A TYPE I SUPPORTING ORGANIZATION OPERATED, SUPERVISED, OR CONTROLLED BY ITS SUPPORTED ORGANIZATIONS. false true false false false false false false false GARY F CONNER BOARD/CFO TH END2/21 736896 632558 208112 13647 1591213 587504 WILLIAM JENNINGS BOARD/EVP & CEO RH 957635 37823 262416 24012 1281886 DAN AHERN BOARD/EVP BUS DEV TH 659166 196340 187035 24012 1066553 158984 KATHERINE THORNTON PRESIDENT OF RHF 262054 26925 45520 13115 347614 25789 VINTI SHAH DO BOARD MEMBER 231426 27600 28174 32367 23560 343127 SCHEDULE J, PAGE 1, PART I, LINE 4 GARY F. CONNER 0 587,504 0 DAN AHERN 0 158,984 0 KATHERINE THORNTON 0 25,789 0 SCHEDULE J, PART III SCHEDULE J, PART I, LINE 3 TOP MANAGEMENT COMPENSATION: AS PROVIDED IN THE FORM 990, SCHEDULE J INSTRUCTIONS, SINCE THE ORGANIZATION RELIES ON A RELATED ORGANIZATION WHICH USES ONE OR MORE OF THE METHODS DESCRIBED IN LINE 3 TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION, THIS QUESTION HAS BEEN LEFT UNANSWERED. REFER TO SCHEDULE O FOR A DESCRIPTION OF THE COMPENSATION REVIEW AND APPROVAL PROCESS. SCHEDULE J, PART I, LINE 4B TERMS AND CONDITIONS OF PLAN: THE 457(F) PLAN IS A TAX-DEFERRED RETIREMENT PLAN CONSISTING OF EMPLOYER CONTRIBUTIONS THAT ARE DESIGNED TO HELP SUPPLEMENT THE RETIREMENT SAVINGS FOR KEY EMPLOYEES. THE EMPLOYEE IS IMMEDIATELY ELIGIBLE TO RECEIVE TOWER HEALTH CONTRIBTUIONS TO THE 457(F) DEFERRED COMPENSATION PLAN. THE EMPLOYEE MUST BE EMPLOYED BY DECEMBER 31ST TO RECEIVE THE EMPLOYER CONTRIBUTION FOR THAT PLAN YEAR. THE EMPLOYEE SHALL BECOME 100% VESTED IN THE EMPLOYER CONTRIBUTION FOR THAT PLAN YEAR THREE YEARS AFTER THE CONTRIBUTION HAS BEEN MADE TO THE ACCOUNT. THE EMPLOYEE WILL ALSO BECOME 100% VESTED IN ALL OF THE EMPLOYER CONTRIBUTIONS: 1) UPON ATTAINING THE AGE 65 WHILE STILL EMPLOYED BY TOWER HEALTH 2) DUE TO DEATH OR DISABILITY 3) UPON TERMINATION OF EMPLOYMENT WITHOUT CAUSE PARTICIPATION IN PLAN: THE FOLLOWING INDIVIDUALS PARTICIPATED IN THE 457(F) DEFERRED COMPENSATION PLAN DURING THE CALENDAR YEAR 2020 BUT DID NOT RECEIVE A DISTRIBUTION. WILLIAM JENNINGS FORM 990 WEBSITE: WWW.TOWERHEALTH.ORG/READING-HOSPITAL-FOUNDATION FORM 990, PAGE 6, PART VI, LINE 6 THE SOLE MEMBER OF THE CORPORATION IS READING HOSPITAL, A PENNSYLVANIA NONPROFIT CORPORATION. FORM 990, PAGE 6, PART VI, LINE 7A IN ADDITION TO ALL MATTERS REQUIRED BY LAW OR BY OTHER PROVISIONS OF THE BYLAWS TO BE APPROVED BY THE SOLE MEMBER (READING HOSPITAL) OF THE CORPORATION, THE SOLE MEMBER MAY INITIATE AND IMPLEMENT ANY PROPOSAL WITH RESPECT TO THE ELECTION OR REMOVAL OF THE MEMBERS OF THE BOARD OF DIRECTORS OF THE CORPORATION. FORM 990, PAGE 6, PART VI, LINE 7B THE SOLE MEMBER (READING HOSPITAL) MAY INITIATE AND IMPLEMENT ANY PROPOSAL WITH RESPECT TO THE FOLLOWING, AND IF ANY PROPOSAL WITH RESPECT TO ANY OF THE FOLLOWING IS OTHERWISE INITIATED, IT SHALL NOT BECOME EFFECTIVE UNLESS APPROVED BY THE SOLE MEMBER OF THE CORPORATION: 1.THE AMENDMENT OF THE ARTICLES OF INCORPORATION, OR BYLAWS; 2.THE SALE, PURCHASE, LEASE, OR ENCUMBRANCE WITH DEBT, IN ANY WAY, OF REAL PROPERTY OF THE CORPORATION OR THE CREATION OF ANY ENCUMBRANCE UPON OR EXECUTION OF ANY DEBT INSTRUMENT AFFECTING OR RESTRICTING ANY ASSET OF THE CORPORATION IN EXCESS OF AN AMOUNT SPECIFIED FROM TIME TO TIME BY RESOLUTION OF THE SOLE MEMBER; 3.THE TRANSFER OF ANY ASSETS OF THE CORPORATION, EXCLUDING THE TRANSFER OF EQUIPMENT WHICH HAS SUCH A VALUE AS THE SOLE MEMBER MAY DESIGNATE FROM TIME TO TIME UPON THE PRESIDENT'S RECOMMENDATION; 4.THE ELECTION OR REMOVAL OF THE MEMBERS OF THE BOARD OF DIRECTORS OF THE CORPORATION; 5.THE APPROVAL OF THE ANNUAL OPERATING AND CAPITAL BUDGETS OF THE CORPORATION; 6.THE APPROVAL OF INVESTMENT ADVISORS, OUTSIDE LEGAL COUNSEL, AND AUDITORS FOR THE CORPORATION; 7.THE CREATION OR FORMATION OF A SUBSIDIARY OF THE CORPORATION; AND 8.THE APPROVAL OF NON-BUDGETED EXPENDITURES BY THE CORPORATION OF SUCH AMOUNT AS THE SOLE MEMBER MAY DESIGNATE FROM TIME TO TIME UPON THE PRESIDENT'S RECOMMENDATION. FORM 990, PAGE 6, PART VI, LINE 11B THE READING HOSPITAL FOUNDATION FORM 990 IS PREPARED BY HOSPITAL STAFF, REVIEWED BY AN EXTERNAL TAX ADVISOR AND POSTED ON A BOARD PORTAL FOR BOARD MEMBERS TO VIEW PRIOR TO FILING. MEMBERS ARE ALERTED TO INFORMATION AND NOTICES. A COPY OF FORM 990 IS AVAILABLE UPON REQUEST TO ANY BOARD MEMBER UNABLE TO VIEW FROM THE PORTAL. FORM 990, PAGE 6, PART VI, LINE 12C IT SHALL BE THE POLICY OF THE HOSPITAL AND CORRESPONDINGLY READING HOSPITAL FOUNDATION TO REQUIRE EACH BOARD MEMBER TO SUBMIT IN WRITING TO THE CHIEF EXECUTIVE OFFICER A LIST OF BUSINESS OR OTHER ORGANIZATIONS OF WHICH THE MEMBER, MEMBER'S SPOUSE, A DESCENDANT, OR A SPOUSE OF A DESCENDANT IS AN OFFICER, DIRECTOR, MEMBER EMPLOYEE OR OWNER WITH WHICH THE COMPANY MIGHT REASONABLY ENTER INTO A RELATIONSHIP OR A TRANSACTION IN WHICH THE BOARD MEMBER WOULD HAVE CONFLICTING INTERESTS. EACH YEAR A COPY OF THE WRITTEN STATEMENT WILL BE SENT TO THE BOARD MEMBER FOR UPDATING AND RESUBMISSION AND BY WHICH THE BOARD MEMBER SHALL CONFIRM HIS OR HER AWARENESS OF THIS POLICY. FORM 990, PAGE 6, PART VI, LINE 15A THE TOWER HEALTH BOARD OF DIRECTORS HAS DULY APPOINTED AN EXECUTIVE COMPENSATION COMMITTEE (THE "COMMITTEE"), WHICH IS RESPONSIBLE FOR THE REVIEW AND APPROVAL OF ALL COMPENSATION AND BENEFITS PROVIDED TO THE READING HOSPITAL FOUNDATION'S EXECUTIVE MANAGMENT. THE COMMITTEE WORKS WITH AN INDEPENDENT COMPENSATION CONSULTANT TO PREPARE AND REVIEW IN ADVANCE COMPREHENSIVE DATA SHOWING THE COMPENSATION PROVIDED BY SIMILARLY SITUATED ORGANIZATIONS FOR FUNCTIONALLY SIMILAR POSITIONS. FORM 990, PAGE 6, PART VI, LINE 15B THERE IS AN EXECUTIVE COMPENSATION STUDY COMPLETED BY THE COMPENSATION COMMITTEE. THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS ALL EXECUTIVE STAFF WAGES. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9 ASSETS RELEASED FROM RESTRICTIONS -1,720,759 TOWER HEALTH 420 SOUTH 5TH AVENUE WEST READING PA 19611 232201344 HEALTHCARE PA 501C3 12C NA false READING HOSPITAL 420 SOUTH 5TH AVENUE WEST READING PA 19611 231352204 HEALTHCARE PA 501C3 3 TOWER HLTH false THE FRIENDS OF THE READING HOSPITAL 420 SOUTH 5TH AVENUE WEST READING PA 19611 236026108 FUNDRAISE PA 501C3 10 RDG HOSP false THE RDG HOSPITAL & MED CENTER SELF- 420 SOUTH 5TH AVENUE WEST READING PA 19611 232087514 TRUST FUND PA 501C3 12B RDG HOSP false TOWER HEALTH MEDICAL GROUP 420 SOUTH 5TH AVENUE WEST READING PA 19611 232266054 HEALTHCARE PA 501C3 3 TOWER HLTH false TOWER HEALTH AT HOME 1170 BERKSHIRE BLVD WYOMISSING PA 19610 232469321 SUPPORTING PA 501C3 12B TOWER HLTH false THAH - ADVANTAGE HOME CARE 1170 BERKSHIRE BLVD WYOMISSING PA 19610 232469319 HEALTHCARE PA 501C3 3 THAH false TOWER HEALTH AT HOME - BERKS 1170 BERKSHIRE BLVD WYOMISSING PA 19610 231466250 HEALTHCARE PA 501C3 3 THAH false TOWER HEALTH AT HOME - POTTSTOWN 1170 BERKSHIRE BLVD WYOMISSING PA 19610 231352574 HEALTHCARE PA 501C3 3 THAH false SOUTHERN CHESTER CNTY MED BLDG 1 1015 WEST BALTIMORE PIKE WEST GROVE PA 19390 232200841 HEALTHCARE PA N/A false false READING - UPMC JOINT VENTURE LLC 600 GRANT STREET PITTSBURGH PA 15219 814566751 HEALTHCARE PA N/A false false TOWERUSP SURGERY CENTERS LLC 15305 DALLAS PARKWAY-SUITE 1600LB28 ADDISON TX 75001 364911103 HEALTHCARE PA N/A false false MEDICAL SCHOOL VENTURE LLC ELLIS PRES 3843 WEST CHESTER PIKE NEWTOWN SQUARE PA 19073 842638593 HEALTHCARE PA N/A false false TOWER HEALTH PPO PO BOX 14744 READING PA 19612 232430798 PPO PA NA C CORP false MEDICUS RESOURCE MANAGEMENT PO BOX 14744 READING PA 19612 232565297 CM REVIEW PA NA C CORP false TOWER HEALTH RECIPROCAL RISK 151 MEETING STREET SUITE 301 CHARLESTON SC 29401 822758845 INSURANCE SC NA C CORP false false true true false false false false false false false false false false false false false true false false