2012-05-08T07:26:20-05:00 2011-06-30 990 2010-07-01 232087514 THE READING HOSPITAL & MEDICAL CENTER SELF-INSURANCE FUND READ 6109888114 PO BOX 6052 READING PA 196126052 RICHARD W JONES 6109888114 2012-05-03 false 2012-05-08 2010 2016-02-24 21:20:13Z CLINT MATTHEWS SEE SCHEDULE O SIXTH AVE SPRUCE ST WEST READING PA 19611 9058153 false X X 1978 PA TO SUPPORT THE OPERATIONS OF THE READING HOSPITAL & MEDICAL CENTER. 27 24 0 24 0 0 0 406686 588528 0 406686 588528 0 0 0 0 0 15000 15000 406686 573528 12716327 13293724 0 12716327 13293724 TO SUPPORT THE OPERATIONS OF THE READING HOSPITAL & MEDICAL CENTER. false false 15000 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 & MEDICAL CENTER, A 501 (C)(3) ORGANIZATION. IN FISCAL 2011 MOST CLAIMS WERE PAID DIRECTLY BY THE READING HOSPITAL & MEDICAL CENTER AND ARE REPORTED ON ITS FORM 990. 15000 true false false false false false false false false false false false false 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 false false true true false false false true 0 0 0 false false false false false false false false false false false X 27 24 false 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 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 BRUCE BENGSTON 1.00 X 0 0 0 ROBERT J GIBBLE 1.00 X 0 0 0 VICTOR HAMMEL 1.00 X 0 0 0 JULIA KLEIN 1.00 X 0 0 0 CHRIST G KRARAS 1.00 X 0 0 0 EDWARD T LENTZ 1.00 X 0 0 0 TERRENCE MCGLINN 1.00 X 0 0 0 MARGARET S MCSHANE 1.00 X 0 0 0 RICHARD M PALMER JR 1.00 X 0 0 0 JOHN ROLAND ESQ 1.00 X 0 0 0 ELIZABETH ROTHERMEL 1.00 X 0 0 0 JAY S SIDHU 1.00 X 0 0 0 C THOMAS WORK ESQ 1.00 X X 0 0 0 MICHAEL AVEDISSIAN MD 1.00 X 0 0 0 BRENT WAGNER MD 1.00 X 0 0 0 P MICHAEL EHLERMAN 1.00 X X 0 0 0 ELIZABETH EHLICH 1.00 X 0 0 0 SAMUEL A MCCULLOUGH 1.00 X 0 0 0 MARLIN MILLER JR 1.00 X 0 0 0 DAVID L THUN 1.00 X 0 0 0 KAREN RITEMYRE 1.00 X 0 0 0 THOMAS FLYNN 1.00 X 0 0 0 BEN ZINTAK 1.00 X 0 0 0 MT BANK 1.00 X 0 54663 0 STEVEN I FINKEL 1.00 X 0 5747069 55963 CLINT MATTHEWS 60.00 X 0 0 0 THERESE SUCHER 50.00 X 0 0 0 RICHARD W JONES 50.00 X 0 0 0 SCOTT R WOLFE 1.00 X 0 2308403 20652 CHARLES B SULLIVAN 1.00 X 0 103130 0 8213265 76615 true true true 433421 433421 8624732 8469625 155107 155107 155107 588528 588528 CLAIMS PAID 15000 15000 15000 15000 0 0 12716327 13293724 12716327 13293724 0 0 X 12716327 13293724 12716327 13293724 12716327 13293724 X 573528 3869 X false false false X X X false false false THE READING HOSPITAL & MEDICAL CENTER 231352204 3 true true true 0 1 X X X X X X true true false false false false false false false STEVEN I FINKEL 350877 131050 5265142 55963 5803032 CLINT MATTHEWS THERESE SUCHER RICHARD W JONES SCOTT R WOLFE 290073 172500 1845830 20652 2329055 CHARLES B SULLIVAN 103130 103130 SEVERANCE, NONQUALIFIED, AND EQUITY-BASED PAYMENTS SCHEDULE J, PAGE 1, PART I, LINE 4 STEVEN I FINKEL 0 5,204,110 0 SCOTT R WOLFE 343,242 1,400,000 0 OTHER ADDITIONAL INFORMATION SCHEDULE J, PART III THE PERSONNEL SERVING IN THE CAPACITY OF PRESIDENT & CEO, COO AND CFO WERE EMPLOYED BY FTI CONSULTING OF BOSTON DURING FISCAL 2011. INDIVIDUAL COMPENSATION WAS NOT AVAILABLE FROM FTI. FTI WAS PAID 7,057,685 FOR THESE AND OTHER CONSULTANTS IN FISCAL 2011. ADDITIONAL INFORMATION FORM 990 CLINT MATTHEWS WORKED IN THE CAPACITY OF CEO FOR TRHMC, A RELATED ENTITY, DURING FY 2011 WHILE EMPLOYED BY FTI CONSULTING OF BOSTON, MA. THERESE SUCHER WORKED IN THE CAPACITY OF COO FOR TRHMC, A RELATED ENTITY, DURING FY 2011 WHILE EMPLOYED BY FTI CONSULTING OF BOSTON, MA. RICHARD W. JONES WORKED IN THE CAPACITY OF CFO FOR TRHMC, A RELATED ENTITY, DURING FY 2011 WHILE EMPLOYED BY FTI CONSULTING OF BOSTON, MA. 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. 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 & MEDICAL CENTER'S SELF-INSURANCE PROGRAM ADMINISTRATOR IS EMPOWERED TO DIRECT THE TRUSTEE TO MAKE PAYMETS 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 THE READING HOSPITAL. 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 HOSPITAL. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS POSTED ON A WEBSITE FOR BOARD MEMBERS. MEMBERS ARE ALERTED TO INFORMATION AND NOTICES. A COPY OF THE 990 IS MADE AVAILABLE 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 ANDRESUBMISSION 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 HOSPITAL'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 5 NET CHANGE IN PRINCIPAL CASH THE READING HOSPITAL SIXTH AVE SPRUCE ST WEST READING PA 19611 232201344 SUPPORTING PA 501C3 11C NA false THE READING HOSPITAL & MEDICAL CEN SIXTH AVE SPRUCE ST WEST READING PA 19611 231352204 HEALTHCARE PA 501C3 3 TRH true THE FRIENDS OF THE READING HOSPITAL SIXTH AVE SPRUCE ST WEST READING PA 19611 236026108 SUPPORTING PA 501C3 11B TRH true THE RDG HOSPITAL & MED CENTER WORKE SIXTH AVE SPRUCE ST WEST READING PA 19611 223054717 TRUST FUND PA 501C3 11B TRH true READING PROFESSIONAL SERVICES SIXTH AVE SPRUCE ST WEST READING PA 19611 232266054 HEALTHCARE PA 501C3 3 MG true THE RDG HOSPITAL MEDICAL GROUP SIXTH AVE SPRUCE ST WEST READING PA 19611 205095905 HEALTHCARE PA 501C3 3 TRH true THE HIGHLANDS AT WYOMISSING 2000 CAMBRIDGE AVE WYOMISSING PA 19610 222790840 RETIREMENT PA 501C3 9 TRH 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