2014-04-28T08:26:21-05:00 2013-06-30 990 2012-07-01 232087514 THE READING HOSPITAL & MEDICAL CENTER SELF-INSURANCE FUND READ 4846288445 PO BOX 16052 READING PA 196126052 RICHARD W JONES 4846288445 2014-02-17 false 2014-04-28 2012 2015-11-30 17:44:51Z CLINT MATTHEWS SEE SCHEDULE O SIXTH AVE SPRUCE ST WEST READING PA 19611 8700308 false X X 1983 PA TO SUPPORT THE OPERATIONS OF THE READING HOSPITAL. 21 18 0 18 0 0 0 612064 712009 0 612064 712009 0 0 0 0 0 0 0 612064 712009 13908392 18233837 0 13908392 18233837 TO SUPPORT THE OPERATIONS OF THE READING HOSPITAL. false false PAYMENTS OF GENERAL AND PROFESSIONAL LIABILITY CLAIMS THE SELF-INSURANCE FUND IS A RESERVE USED EXCLUSIVELY FOR THE ASSOCIATED COSTS OF PROFESSIONAL AND GENERAL LIABILITY CLAIMS BROUGHT AGAINST THE READING HOSPITAL, A 501 (C)(3) ORGANIZATION. IN THIS FISCAL YEAR'S TAX RETURN ALL CLAIMS WERE PAID DIRECTLY BY THE READING HOSPITAL AND ARE REPORTED ON ITS FORM 990. true false false false false false false false false false false false false false false false false true false false false false false false false false false false false true false false false false false false false false false false false false false true true true false false true 0 0 0 false false false false false false false false false false false X 21 18 true true false false false true true true true false false true true true true true true true true false X RICHARD W JONES CFO 6109888114 SIXTH AVE SPRUCE ST WEST READING PA 19611 CLINT MATTHEWS 60.00 X X 0 1018668 287948 ROBERT BRIGHAM 40.00 X 0 786801 15722 LIL MURPHY 1.00 X 0 0 0 JOHN WEIDENHAMMER 1.00 X 0 0 0 KAREN RITEMYRE 1.00 X 0 0 0 BEN ZINTAK 1.00 X 0 0 0 BARBARA ARNER 1.00 X 0 0 0 THEODORE AUMAN 1.00 X 0 0 0 MARY ELLEN BATMAN 1.00 X 0 0 0 VICTOR HAMMEL 1.00 X 0 0 0 BRUCE BENGSTON 1.00 X 0 0 0 CHRIST G KRARAS 1.00 X 0 0 0 ROBERT GIBBLE 1.00 X 0 0 0 TERRENCE MCGLINN 1.00 X 0 0 0 JULIA KLEIN 1.00 X 0 0 0 EDWARD LENTZ 1.00 X 0 0 0 MARGARET MCSHANE 1.00 X 0 0 0 ROBERT PALMER 1.00 X 0 0 0 JOHN ROLAND ESQ 1.00 X 0 0 0 C THOMAS WORK ESQ 1.00 X X 0 0 0 JAY SIDHU 1.00 X 0 0 0 BRENT WAGNER MD 1.00 X 0 0 0 P MICHAEL EHLERMAN 1.00 X 0 0 0 SAMUEL MCCULLOUGH 1.00 X 0 0 0 DAVID THUN 1.00 X 0 0 0 MARLIN MILLER JR 1.00 X 0 0 0 THOMAS FLYNN 1.00 X 0 0 0 ELIZABETH ROTHERMAL 1.00 X 0 0 0 ELIZABETH EHLICH 1.00 X 0 0 0 MT BANK 5.00 X 0 62032 0 THERESE SUCHER 50.00 X 0 640907 147948 RICHARD W JONES 50.00 X 0 519045 142458 SCOTT R WOLFE 0.00 X 0 334198 0 3361651 594076 true true false 648368 648368 8051940 7988299 63641 63641 63641 712009 712009 0 0 0 0 13908392 18233837 13908392 18233837 0 0 X 13908392 18233837 13908392 18233837 13908392 18233837 X 712009 3613436 X false false X X X false false false READING HOSPITAL 231352204 3 true true true 3613436 1 3613436 X X X X X X true true false false false false false true false CLINT MATTHEWS 860788 110000 47880 270000 17948 1306616 ROBERT BRIGHAM 713061 70000 3740 15722 802523 THERESE SUCHER 494095 107500 39312 130000 17948 788855 RICHARD W JONES 453450 50000 15595 118750 23708 661503 SCOTT R WOLFE 334198 334198 SEVERANCE, NONQUALIFIED, AND EQUITY-BASED PAYMENTS SCHEDULE J, PAGE 1, PART I, LINE 4 CLINT MATTHEWS 0 270,000 0 THERESE SUCHER 0 130,000 0 RICHARD W. JONES 0 118,750 0 SCOTT R WOLFE 334,198 0 0 NON-FIXED PAYMENTS PROVIDED SCHEDULE J, PAGE 1, PART I, LINE 7 CERTAIN EMPLOYEES ARE ABLE TO ACHIEVE BONUSES BASED UPON PRE-ESTABLISHED TARGETS THAT CAN INVOLVE PATIENT SATISFACTION SCORES, QUALITY INITIATIVES, IMPLEMENTATION OF NEW PROGRAMS AND SERVICES AND FINANCIAL METRICS. OTHER ADDITIONAL INFORMATION SCHEDULE J, PART III THIS ORGANIZATION DOES NOT PAY THE COMPENSATION REPORTED FROM RELATED ENTITIES. THE COMPENSATION OF EXECUTIVES IS DETERMINED BY THE READING HEALTH SYSTEM'S BOARD OF DIRECTORS, WHICH 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 HOSPITAL'S EXECUTIVE MANAGEMENT. THE COMMITTEE HAS ADOPTED A WRITTEN EXECUTIVE COMPENSATION PHILOSOPHY STATEMENT AND AN EXECUTIVE COMPENSATION COMMITTEE CHARTER GOVERNING THE WORK AND REVIEW PROCESS OF THE COMMITTEE. THE COMMITTEE FOLLOWS THE PROCEDURES DESCRIBED IN THE PHILOSOPHY STATEMENT AND THE CHARTER WHEN IT REVIEWS AND APPROVES THE COMPENSATION AND EMPLOYEE BENEFITS PROVIDED TO THE HOSPITAL'S SENIOR MANAGEMENT, INCLUDING THE CHIEF EXECUTIVE OFFICER AND THE CHIEF FINANCIAL OFFICER. THE COMMITTEE'S REVIEW ANALYZES EVERY ELEMENT OF COMPENSATION, INCLUDING CURRENT AND DEFERRED COMPENSATION, AND BENEFITS, INCLUDING QUALIFIED AND NON-QUALIFIED BENEFITS. THE COMMITTEE CONDUCTS ITS REVIEW AND APPROVAL PROCESS AT LEAST ANNUALLY, AND APPROVES COMPENSATION AND BENEFITS ONLY TO THE EXTENT THAT THE COMMITTEE HAS CONCLUDED THAT THE COMPENSATION AND BENEFITS CONSTITUTE NO MORE THAN REASONABLE COMPENSATION FOR EACH EXECUTIVE. THE COMMITTEE CONSISTS ENTIRELY OF DISINTERESTED MEMBERS OF THE BOARD, AND 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. THE COMMITTEE ALSO PREPARES A TIMELY AND THOROUGH WRITTEN RECORD OF ITS DELIBERATIONS AND CONCLUSIONS. AS A RESULT, THE COMMITTEE'S REVIEW PROCESS IS DESIGNED TO SATISFY THE PROCEDURAL CRITERIA NECESSARY TO QUALIFY FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER THE FEDERAL INCOME TAX LAW INTERMEDIATE SANCTIONS RULES. EXPLANATION ON VOLUNTEERS AND TYPES OF SERVICES OR BENEFITS FORM 990, PAGE 1, PART I, LINE 6 ALL VOLUNTEERS ARE UNCOMPENSATED MEMBERS OF THE BOARD OF DIRECTORS. RELATED PARTY INFORMATION AMONG OFFICERS FORM 990, PAGE 6, PART VI, LINE 2 TERRENCE MC GLINN THEODORE AUMAN FAMILY RELATIONSHIP MANAGEMENT DELEGATED FORM 990, PAGE 6, PART VI, LINE 3 THE MANAGEMENT OF THE TRUST IS CONDUCTED BY M&T BANK IN ACCORDANCE WITH AND SUBJECT TO THE CONDITIONS OF THE TRUST AGREEMENT. THE TRUST AGREEMENT PROVIDES THAT THE READING HOSPITAL'S SELF-INSURANCE PROGRAM ADMINISTRATOR IS EMPOWERED TO DIRECT THE TRUSTEE TO MAKE PAYMENTS FROM THE TRUST ESTATE TO SUCH PERSONS, IN SUCH MANNER, AND IN SUCH AMOUNTS AS SHALL BE REQUIRED BY LAW. ELECTION OF MEMBERS AND THEIR RIGHTS FORM 990, PAGE 6, PART VI, LINE 7A THE SOLE MEMBER OF THE CORPORATION (HEREIN REFERRED TO AS "MEMBER") SHALL BE READING HEALTH SYSTEM. THE MANAGEMENT OF THE CORPORATION SHALL BE VESTED IN THE BOARD OF DIRECTORS ELECTED BY THE MEMBER. DECISIONS SUBJECT TO APPROVAL OF MEMBERS FORM 990, PAGE 6, PART VI, LINE 7B THE MANAGEMENT OF THE CORPORATION SHALL BE VESTED IN THE BOARD OF DIRECTORS ELECTED BY THE MEMBER WHO IS THE READING HEALTH SYSTEM. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS PREPARED BY HOSPITAL STAFF POSTED ON A WEBSITE FOR BOARD MEMBERS TO REVIEW PRIOR TO FILING. MEMBERS ARE ALERTED TO INFORMATION AND NOTICES. A COPY OF THE 990 IS MAILED TO ANY BOARD MEMBER UNABLE TO VIEW THIS SITE. ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C IT SHALL BE THE POLICY OF THE HOSPITAL AND CORRESPONDINGLY THE TRHMC SIF 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 MEMBERS SPOUSE IS AN OFFICER, DIRECTOR, MEMBER EMPLOYEE OR OWNER (10% OR GREATER SHARE) 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 AWARENESS OF THIS POLICY. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A THE READING HEALTH SYSTEM'S 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 HOSPITAL'S EXECUTIVE MANAGEMENT. THE COMMITTEE HAS ADOPTED A WRITTEN EXECUTIVE COMPENSATION PHILOSOPHY STATEMENT AND AN EXECUTIVE COMPENSATION COMMITTEE CHARTER GOVERNING THE WORK AND REVIEW PROCESS OF THE COMMITTEE. THE COMMITTEE FOLLOWS THE PROCEDURES DESCRIBED IN THE PHILOSOPHY STATEMENT AND THE CHARTER WHEN IT REVIEWS AND APPROVES THE COMPENSATION AND EMPLOYEE BENEFITS PROVIDED TO THE HOSPITAL'S SENIOR MANAGEMENT, INCLUDING THE CHIEF EXECUTIVE OFFICER AND THE CHIEF FINANCIAL OFFICER. THE COMMITTEE'S REVIEW ANALYZES EVERY ELEMENT OF COMPENSATION, INCLUDING CURRENT AND DEFERRED COMPENSATION, AND BENEFITS, INCLUDING QUALIFIED AND NON-QUALIFIED BENEFITS. THE COMMITTEE CONDUCTS ITS REVIEW AND APPROVAL PROCESS AT LEAST ANNUALLY, AND APPROVES COMPENSATION AND BENEFITS ONLY TO THE EXTENT THAT THE COMMITTEE HAS CONCLUDED THAT THE COMPENSATION AND BENEFITS CONSTITUTE NO MORE THAN REASONABLE COMPENSATION FOR EACH EXECUTIVE. THE COMMITTEE CONSISTS ENTIRELY OF DISINTERESTED MEMBERS OF THE BOARD, AND 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. THE COMMITTEE ALSO PREPARES A TIMELY AND THOROUGH WRITTEN RECORD OF ITS DELIBERATIONS AND CONCLUSIONS. AS A RESULT, THE COMMITTEE'S REVIEW PROCESS IS DESIGNED TO SATISFY THE PROCEDURAL CRITERIA NECESSARY TO QUALIFY FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER THE FEDERAL INCOME TAX LAW INTERMEDIATE SANCTIONS RULES. COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B SAME RESPONSE AS LINE 15A. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. OTHER CHANGES IN NET ASSETS EXPLANATION FORM 990, PART XI, LINE 9 NET RECEIPTS/DISBURSEMENTS/ADJUSTMENTS 3,613,436 THIS FUND IS PART OF READING HOSPITAL'S BALANCE SHEET AND A CASH TRANSFER OF 3,613,436 WAS MADE TO INCREASE THE RESERVE BALANCES READING HEALTH SYSTEM SIXTH AVE SPRUCE ST WEST READING PA 19611 232201344 SUPPORTING PA 501C3 11C NA false READING HOSPITAL SIXTH AVE SPRUCE ST WEST READING PA 19611 231352204 HEALTHCARE PA 501C3 3 RHS true THE FRIENDS OF THE READING HOSPITAL SIXTH AVE SPRUCE ST WEST READING PA 19611 236026108 SUPPORTING PA 501C3 11B RHS true THE RDG HOSPITAL & MED CENTER WORKE SIXTH AVE SPRUCE ST WEST READING PA 19611 223054717 TRUST FUND PA 501C3 11B RHS true READING PROFESSIONAL SERVICES SIXTH AVE SPRUCE ST WEST READING PA 19611 232266054 HEALTHCARE PA 501C3 3 RHS true THE RDG HOSPITAL MEDICAL GROUP SIXTH AVE SPRUCE ST WEST READING PA 19611 205095905 HEALTHCARE PA 501C3 3 RHS true THE HIGHLANDS AT WYOMISSING 2000 CAMBRIDGE AVE WYOMISSING PA 19610 222790840 RETIREMENT PA 501C3 9 RHS true THE READING HOSPITAL SURGICENTER AT 2603 KEISER BLVD WYOMISSING PA 19610 582682467 SURGERY PA N/A false false MC REALTY CORP 627 NORTH FOURTH STREET READING PA 19601 232607292 REALESTATE PA N/A false false false false false false false false false false false false false false false false false false false true THE READING HOSPITAL Q 3613436