2019-04-30T12:57:13-05:00 2018-06-30 134008324 PRICEWATERHOUSECOOPERS LLP 2001 MARKET ST STE 1800 PHILADELPHIA PA 19103 990 2017-07-01 473054125 READING HOSPITAL FOUNDATION READ 4846284307 PO BOX 16052 READING PA 196126052 GARY F CONNER EXECUTIVE VP CFO 4846284307 2019-04-30 true MATTHEW D PETROSKI P00853132 2673303000 2019-04-30 167.68.16.49 2019-04-30 12:57:13 CD P 8AE7A7985622D0299A6D121F26C0752C747F2B2F 389016A9205CDDBE911302A3A824BEE521AEA736 2017 2020-01-14 16:20:31Z CLINT MATTHEWS PO BOX 16052 READING PA 196126052 1846236 false X X 2015 PA TO SUPPORT INNOVATION, EDUCATION, RESEARCH AND OVERALL IMPROVEMENT OF HEALTHCARE SERVICES IN SUPPORT OF READING HOSPITAL AND THE COMMUNITY. 22 16 3 16 0 1846236 0 0 0 1846236 196898 0 468641 487810 0 0 93491 118855 562132 803563 -562132 1042673 -1043203 32808032 11075 11765 -1054278 32796267 X TO SUPPORT INNOVATION, EDUCATION, RESEARCH AND OVERALL IMPROVEMENT OF HEALTHCARE SERVICES IN SUPPORT OF READING HOSPITAL AND THE COMMUNITY. false false 196898 196898 THE GENEROSITY OF THOUSANDS OF DONORS THROUGH THE READING HOSPITAL FOUNDATION RECEIVED 3.2 MILLION DURING FISCAL YEAR 2018. DONATIONS HELPED TO SUPPORT THE BUILDING OF THE THERAPEUTIC HEALING GARDEN AT THE READING HOSPITAL REHABILITATION AT WYOMISSING; PROVIDING CRITICAL REHABILITATIVE CARE NECESSARY FOR COMPREHENSIVE RECOVERY AFTER SURGURY OR INJURY. A LEGACY WALL WAS BUILT TO COMMEMORATE READING HOSPITAL'S 150TH ANNIVERSARY AND SUPPORT WAS PROVIDED TO THE STREET MEDICINE PROGRAM. THE CORE PHILOSPHY OF STREET MEDICINE IS TO DEVELOP A RELATIONSHIP WITH THOSE SLEEPING ON THE STREETS THAT WILL HELP THEM TO LIVE HEALTHIER LIVES. FUNDS SUPPORTED THE PURCHASE OF MEDICATION AND EQUIPMENT, AND PAID THE SALARY OF A FULL-TIME NURSE CARE NAVIGATOR. 490768 196898 EXPENSES ARE FOR THE DAILY OPERATIONS OF THE READING HOSPITAL FOUNDATION TO CARRY OUT ITS PURPOSE TO SUPPORT INNOVATION, EDUCATION, RESEARCH AND OVERALL IMPROVEMENT OF HEALTHCARE SERVICES IN SUPPORT OF READING HOSPITAL AND THE COMMUNITY. 490768 196898 687666 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 true false false true 0 0 false 3 true false false false false false false false false false false false false false false X 22 16 false false true false false false false true true false false true true true true true true true true false PA X GARY CONNER 4846288000 420 SOUTH 5TH AVENUE WEST READING PA 19611 CLINT MATTHEWS PRESIDENT & 2.00 58.00 X X 0 2009603 429965 GARY F CONNER EXECUTIVE VP 52.00 2.00 X X 0 793626 182057 DAN AHERN EVP BUSINESS 2.00 48.00 X X 0 719763 167651 DAVID GEORGE MD FACP BOARD MEMBER 2.00 48.00 X 0 388516 82955 KATHERINE THORNTON PRESIDENT OF 40.00 0.00 X X 252249 0 44529 LARRY ROTENBERG MD BOARD MEMBER 2.00 8.00 X 0 32085 -53200 CHRIS KRARAS CHAIRMAN 2.00 X X 0 0 0 DAVID THUN VICE-CHAIR 2.00 X X 0 0 0 PAUL COHN TREASURER 2.00 X X 0 0 0 MARY ELLEN BATMAN BOARD MEMBER 2.00 X 0 0 0 JIM BOSCOV BOARD MEMBER 2.00 X 0 0 0 P MICHAEL EHLERMAN BOARD MEMBER 2.00 X 0 0 0 RICHARD EHST BOARD MEMBER 2.00 X 0 0 0 JACK W GRUBER MD 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 MARLIN MILLER BOARD MEMBER 2.00 X 0 0 0 KAREN RIGHTMIRE BOARD MEMBER 2.00 6.00 X 0 0 0 JEFF RUSH BOARD MEMBER 2.00 X 0 0 0 BRENT WAGNER MD BOARD MEMBER 2.00 4.00 X 0 0 0 C THOMAS WORK ESQ BOARD MEMBER 2.00 4.00 X 0 0 0 BUNNY ZINTAK BOARD MEMBER 2.00 X 0 0 0 252249 3943593 853957 1 false true false 1846236 1846236 1846236 196898 196898 252250 201800 50450 179755 143804 35951 22482 17986 4496 33323 26659 6664 34152 27322 6830 6991 5593 1398 35 35 SOFTWARE SUPPLIES & MAINT 46054 46054 OUTSIDE SERVICE EXPENSE 26938 21550 5388 DUES AND SUBSCRIPTIONS 3500 3500 EDUCATION MEETING EXPENSE 650 650 535 535 803563 687666 115897 0 -1043203 -1459630 16986571 17281091 -1043203 32808032 11075 11765 11075 11765 X -1054278 -1660942 17470638 16986571 -1054278 32796267 -1043203 32808032 X 1042673 1374665 31433207 X false true X true false X X X 4 READING HOSPITAL 231352204 3 true 196898 0 TOWER HEALTH MEDICAL GROUP 232266054 3 true 0 0 THE HIGHLANDS AT WYOMISSING 222790840 10 true 0 0 TOWER HEALTH PARTNERS 463459501 3 true 0 0 4 196898 0 true false false false false false false false false false false false false false false false false true false PART IV, SECTION A, LINE 5A READING HEALTH PHYSICIAN NETWORK, A SUPPORTED ORGANIZATION, CHANGED ITS NAME TO TOWER HEALTH MEDICAL GROUP. 16438515 -191643 4981 16241891 1.00000 false false TEMPORARY RESTRICTED FUNDS 16241891 LT PLEDGE RECEIVABLE 1039200 17281091 OTHER - 457 PLAN 11765 11765 X 196898 196898 1649338 1649338 1846236 606665 606665 196898 196898 803563 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 AND 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. ON DECEMBER 22, 2017, THE PRESIDENT SIGNED INTO LAW H.R.1, ORIGINALLY KNOWN AS THE TAX CUTS AND JOBS ACT. THE NEW LAW INCLUDES SEVERAL PROVISIONS THAT RESULT IN SUBSTANTIAL CHANGES TO THE TAX TREATMENT OF TAX-EXEMPT ORGANIZATIONS AND THEIR DONORS. THE SYSTEM HAS REVIEWED THESE PROVISIONS AND THE POTENTIAL IMPACT AND CONCLUDED THE ENACTMENT OF H.R. 1 WILL NOT HAVE A MATERIAL IMPACT ON THE OPERATIONS OF THE SYSTEM. SCHEDULE D, PAGE 4, PART XIII DONATIONS ARE REPORTED AS EITHER TEMPORARILY OR PERMANENTLY RESTRICTED IF THEY ARE 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 196898 CASH 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 CLINT MATTHEWS PRESIDENT & CEO 1039833 630000 339770 393225 36740 2439568 307431 GARY F CONNER EXECUTIVE VP CFO 562886 201058 29682 167213 14844 975683 DAN AHERN EVP BUSINESS DEVELOP 454012 158866 106885 146555 21096 887414 95969 DAVID GEORGE MD FACP BOARD MEMBER 297338 79513 11665 68933 14022 471471 KATHERINE THORNTON PRESIDENT OF RHF 210145 41654 450 31321 13208 296778 SCHEDULE J, PAGE 1, PART I, LINE 4 CLINT MATTHEWS 0 307,431 0 DAN AHERN 0 95,969 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 2017 BUT DID NOT RECEIVE A DISTRIBUTION. KATHERINE THORNTON DAVID GEORGE, MD FACP GARY F. CONNER FORM 990, PAGE 2, PART III, LINE 4D EXPENSES ARE FOR THE DAILY OPERATIONS OF THE READING HOSPITAL FOUNDATION TO CARRY OUT ITS PURPOSE TO SUPPORT INNOVATION, EDUCATION, RESEARCH AND OVERALL IMPROVEMENT OF HEALTHCARE SERVICES IN SUPPORT OF READING HOSPITAL AND THE COMMUNITY. FORM 990, PAGE 6, PART VI, LINE 4 ON OCTOBER 1, 2017, THE READING HEALTH SYSTEM FOUNDATION FILED ARTICLES OF AMENDMENT WITH THE PENNSYLVANIA DEPARTMENT OF STATE BUREAU OF CORPORATIONS AND CHARITABLE ORGANIZATION INDICATING THAT THE ORGANIZATION'S NAME SHALL BE READING HOSPITAL FOUNDATION. ADDITIONALLY, ON OCTOBER 1, 2017 THE READING HEALTH SYSTEM FOUNDATION'S BYLAWS WERE AMENDED AND RESTATED TO REFLECT THAT THE SOLE MEMBER OF THE CORPORATION SHALL BE READING HOSPITAL. 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 OR MEMBER'S SPOUSE 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 INDEPENDENT COMPENSATION COMMITTEE IS RESPONSIBLE FOR THE REVIEW AND APPROVAL OF ALL COMPENSATION AND BENEFITS PROVIDED. 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 TRANSFERRED FROM READING HOSPITAL 44,408,460 ASSETS RELEASED FROM RESTRICTIONS -12,975,253 TOTAL 31,433,207 TOWER HEALTH 420 SOUTH 5TH AVENUE WEST READING PA 19611 232201344 SUPPORTING PA 501C3 12C NA false READING HOSPITAL 420 SOUTH 5TH AVENUE WEST READING PA 19611 231352204 HEALTHCARE PA 501C3 3 TOWER HLTH true THE FRIENDS OF THE READING HOSPITAL 420 SOUTH 5TH AVENUE WEST READING PA 19611 236026108 SUPPORTING PA 501C3 12B TOWER HLTH true THE RDG HOSPITAL & MED CENTER SELF- 420 SOUTH 5TH AVENUE WEST READING PA 19611 232087514 TRUST FUND PA 501C3 12B TOWER HLTH true TOWER HEALTH MEDICAL GROUP 420 SOUTH 5TH AVENUE WEST READING PA 19611 232266054 HEALTHCARE PA 501C3 3 TOWER HLTH true THE HIGHLANDS AT WYOMISSING 2000 CAMBRIDGE AVE WYOMISSING PA 19610 222790840 RETIREMENT PA 501C3 10 TOWER HLTH true SOUTHERN CHESTER CNTY MED BLDG 1 1015 WEST BALTIMORE PIKE WEST GROVE PA 19390 232200841 HEALTHCARE PA N/A false false TOWER HEALTH PPO FKA BHP PO BOX 14744 READING PA 19612 232430798 PPO PA NA C CORP true MEDICUS RESOURCE MANAGEMENT PO BOX 14744 READING PA 19612 232565297 CM REVIEW PA NA C CORP true TOWER HEALTH RECIPROCAL RISK 151 MEETING STREET SUITE 301 CHARLESTON SC 29401 822758845 INSURANCE SC NA C CORP true false true false false false false false false true false false false false false false false true false false READING HOSPITAL Q 606665 G/L TRANSACTIONS READING HOSPITAL I 34449663 SALE READING HOSPITAL B 196898 CASH SCHEDULE R SCHEDULE R, PART II IDENTIFICATION OF RELATED TAX-EXEMPT ORGANIZATIONS: THE HIGHLANDS OF WYOMISSING CHOSE TO OPERATE UNDER LOCAL OWNERSHIP, SEPARATE FROM TOWER HEALTH AS OF 9/30/17. SCHEDULE R, PART V TRANSACTIONS WITH RELATED ORGANIZATIONS: INVESTMENT PORTFOLIO WAS SOLD BY THE READING HOSPITAL AND PURCHASED BY READING HOSPITAL FOUNDATION ON MARCH 5, 2018.