2012-10-15T09:43:42-05:00 2011-12-31 990 2011-01-01 223054717 THE READING HOSPITAL & MEDICAL CENTER WORKER'S COMP FUND READ 6109888114 PO BOX 16052 READING PA 196126052 RICHARD W JONES 6109888114 2012-10-15 2012-10-15 2011 2016-02-24 21:20:13Z CLINT MATTHEWS SEE SCHEDULE O PO BOX 16052 READING PA 196126052 350896 false X X 1998 PA SELF FUNDED WORKERS' COMPENSATION CLAIMS PROGRAM. 28 28 0 28 0 0 0 367594 333530 17366 367594 350896 0 0 0 0 0 0 0 367594 350896 7826054 8254630 0 7826054 8254630 SELF FUNDED WORKERS' COMPENSATION CLAIMS PROGRAM. false false RESERVE FOR PAYMENT OF WORKERS' COMPENSATION CLAIMS AND RELATED EXPENSES FOR EMPLOYEES ASSOCIATED WITH A CHARITABLE HOSPITAL AND CERTAIN AFFILIATES. 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 false false false false true 0 0 true 0 false false false false false false false false false false false false false X 28 28 false true false false false false false true true false false true true true true true false false false false X THE READING HOSPITAL & MEDICAL CENTER 6109888181 SIXTH AVE SPRUCE WEST READING PA 19611 THOMAS FLYNN 1.00 X 0 0 0 LIL MURPHY 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 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 RIGHTMIRE 1.00 X 0 0 0 JOHN WEIDENHAMMER 1.00 X 0 0 0 BEN ZINTAK 1.00 X 0 0 0 RICHARD J MABLE 50.00 X 0 262128 46988 CARL J SEIDL 60.00 X 0 235568 41358 MARGARET M BLIGH 50.00 X 0 231360 43807 DONNA F WEBER X 0 225279 41643 SCOTT R WOLFE 0.00 X 0 2812586 1000 CHARLES B SULLIVAN X 0 2012336 0 PAUL J TOBUREN X 0 252797 22567 GERALD P MALICK X 0 105152 633 6137206 197996 true true false 285458 285458 46364 1708 46364 1708 48072 48072 ACCRETED DISCOUNTS 17366 17366 17366 350896 350896 0 0 0 0 7826054 8254630 7826054 8254630 0 0 X 7826054 8254630 7826054 8254630 7826054 8254630 350896 77680 X X false true true X false X X X false false false THE READING HOSPITAL & MEDICAL CENTER 231352204 3 true true true 0 1 false true false false false false false false false RICHARD J MABLE 211550 41055 9523 46988 309116 CARL J SEIDL 196489 37285 1794 41358 276926 MARGARET M BLIGH 191814 37397 2149 43807 275167 DONNA F WEBER 187709 35815 1755 41643 266922 SCOTT R WOLFE 670550 2142036 1000 2813586 CHARLES B SULLIVAN 40207 1972129 2012336 PAUL J TOBUREN 185552 16511 50734 22567 275364 GERALD P MALICK 58566 46491 95 633 105785 SEVERANCE, NONQUALIFIED, AND EQUITY-BASED PAYMENTS SCHEDULE J, PAGE 1, PART I, LINE 4 SCOTT R WOLFE 0 2,142,036 0 CHARLES B SULLIVAN 0 1,972,129 0 OTHER ADDITIONAL INFORMATION SCHEDULE J, PART III THE READING HOSPITAL PROVIDES CERTAIN SUPPLEMENTAL RETIREMENT BENEFITS TO ITS OFFICERS AND KEY EMPLOYEES. THESE BENEFITS ARE PROVIDED THROUGH A NONQUALIFIED DEFERRED COMPENSATION PLAN, UNDER WHICH THE BENEFITS BEING EARNED ARE SUBJECT TO A "SUBSTANTIAL RISK OF FORFEITURE." THE SUPPLEMENTAL RETIREMENT BENEFITS ARE STRUCTED TO PROVIDE A RETENTION INCENTIVE THAT HAS BEEN DETERMINED BY THE COMPENSATION REVIEW COMMITTEE OF THE HOSPITAL'S BOARD TO BE OF SUBSTANTIAL VALUE TO THE HOSPITAL. ACCORDINGLY, TO BECOME ENTITLED TO THE BENEFITS PROVIDED, EACH COVERED EMPLOYEE MUST MEET SUBSTANTIAL REQUIREMENTS RELATING TO FUTURE EMPLOYMENT AND A TWO-YEAR NONCOMPETITION COVENANT THAT REQUIRES REPAYMENT OF THE ENTIRE RETIREMENT BENEFIT TO THE HOSPITAL FOLLOWING MOST FORMS OF EMPLOYMENT TERMINATION IF THE EMPLOYEE COMPETES WITH THE READING HOSPITAL. UNTIL THOSE REQUIREMENTS ARE SATISFIED, AN EMPLOYEE IS NOT ENTITLED TO THESE AMOUNTS. FOR EXAMPLE, IF MR. WOLFE WERE TO HAVE TERMINATED EMPLOYMENT VOLUNTARILY IN THE YEAR TO WHICH THIS RETURN APPLIES, THE SUPPLEMENTAL RETIREMENT BENEFITS HE HAS EARNED WOULD NOT HAVE BEEN PAID OUT. IT SHOULD ALSO BE NOTED THAT THESE SUPPLEMENTAL RETIREMENT BENEFITS ARE PART OF A RETIREMENT PROGRAM THAT PROVIDES RETIREMENT INCOME FOR ALL YEARS OF SERVICE THAT THE EMPLOYEE PROVIDES TO THE HOSPITAL. ANY RETIREMENT BENEFITS SHOULD BE VIEWED AS APPLYING TO THE ENTIRE LENGTH OF THE EMPLOYEE'S SERVICE FOR THE HOSPITAL (FOR EXAMPLE, MR. SULLIVAN HAD 32 YEARS OF SERVICE AND MR. WOLFE HAS HAD 19 YEARS OF SERVICE WITH THE HOSPITAL). THE COMPENSATION REVIEW COMMITTEE APPROVES ALL RETIREMENT BENEFITS, TOGETHER WITH ALL OTHER FORMS OF COMPENSATION AND BENEFITS FOR THESE AND OTHER EXECUTIVES, IN A MANNER INTENDED TO QUALIFY FOR THE REBUTTABLE SANCTIONS RULES OF FEDERAL INCOME TAX LAW. THE FOLLOWING LISTED INDIVIDUALS PARTICIPATED IN THE SUPPLEMENTAL PLAN IN 2011: CHARLES B. SULLIVAN AND SCOTT R. WOLFE. THE AMOUNT OF ADDITIONAL BENEFIT EARNED, BUT NEITHER VESTED NOR PAID OUT, IS INCLUDED IN THE AMOUNTS OF ADDITIONAL BENEFIT THAT BECAME TAXABLE DUE TO BECOMING VESTED IN 2011 (AND THAT WAS INCLUDED ON THE INDIVIDUAL'S FORM W-2 FOR 2011) IS INCLUDED IN THE AMOUNTS REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III). ADDITIONAL INFORMATION FORM 990 EXPENSES PAID FOR THE WORKERS' COMP FUND BY THE READING HOSPITAL & MEDICAL CENTER AND REPORTED ON ITS FORM 990. CLAIMS PAID 3,023,491.07 MARSH USA 6,325.00 EMPLOYER'S ALLIANCE FEES 42,500.00 COMMOMWEALTH OF PA 24,055.25 CLINT MATTHEWS WAS IN THE CAPACITY OF CEO DURING FISCAL 2012 WHILE EMPLOYED BY FTI CONSULTING OF BOSTON, MA. INDIVIDUAL COMPENSATION IS NOT AVAILABLE FROM FTI. FTI WAS PAID 9,215,978. EXPLANATION ON VOLUNTEERS AND TYPES OF SERVICES OR BENEFITS FORM 990, PAGE 1, PART I, LINE 6 UNCOMPENSATED MEMBER 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 PAYMENTS FROM THE TRUST ESTATE TO SUCH PERSONS, IN SUCH MANNER, AND IN SUCH AMOUNTS AS SHALL BE REQUIRED BY LAW. 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 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 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 (10% OR GREATER SHARE) WITH WHICH THE COMPANY MIGHT REASONABLY ENTER INTO A RELATIONSHIP OR A TRANACTION 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. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES SELECT GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. ADDITIONAL INFORMATION FORM 990, PART XII THE READING HOSPITAL & MEDICAL CENTER WORKERS' COMP FUND IS NOT AUDITED AS A STAND ALONE ENTITY. HOWEVER, SINCE IT IS LISTED ON THE BALANCE SHEET OF TRHMC, IT IS REVIEWED AS PART OF ITS AUDIT AT JUNE 30 EACH YEAR. THE READING HOSPITAL SIXTH AVE SPRUCE ST WEST READING PA 19611 232201344 PARENT CO. PA 501 C3 11C N/A false THE READING HOSPITAL & MEDICAL CENT SIXTH AVE SPRUCE ST WEST READING PA 19611 231352204 HOSPITAL PA 501 C3 3 TRH false THE FRIENDS OF TRHMC SIXTH AVE SPRUCE ST WEST READING PA 19611 236026108 SUPPORT PA 501 C3 11B TRH false TRHMC SELF INSURANCE FUND SIXTH AVE SPRUCE ST WEST READING PA 19611 232087514 SUPPORT PA 501 C3 11B TRHMC false READING PROFESSIONAL SERVICES SIXTH AVE SPRUCE ST WEST READING PA 19611 232266054 HEALTHCARE PA 501 C3 3 TRH false READING HOSP MEDICAL GROUP SIXTH AVE SPRUCE ST WEST READING PA 19611 205095905 HEALTHCARE PA 501 C3 3 TRH false TRH SURGICENTER AT SPRING RIDGELLC 2603 KEISER BLVD WYOMISSING PA 19610 582682467 SURGERY DE N/A false false MC REALTY CORP 627 NORTH FOURTH STREET READING PA 19601 232607292 REALESTATE PA N/A C CORP false false false false false false false false false false false false false false false false false false