Reading Hospital FY2021 filing

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Website: www.towerhealth.org/locations/Reading-Hospital the mission of Reading Hospital is to provide compassionate, accessible, high-quality, cost-effective healthcare to the community; to promote health; to education healthcare professionals; and to participate in appropriate clinical research. In addition to its primary role as a provider of direct care, Reading Hospital addresses issues outside that real that impact health and wellness. In fact, a key part of our mission means the reinvestment of resources into these efforts, which are collectively known as community benefit. We are proud to report that in our last fiscal year (fy2024), we committed nearly 168m to this cause. Reading hospital's community wellness department supports the hospital's community engagement and community benefit endeavors. The department's mission is three pronged and seeks to lead, partner, and invest in strategic health initiatives that target the underserved, address health disparities and social dete

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$13.4M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $182.3M a year · 14% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$13.4M
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$990.8M
94% of total assets
Concern: liabilities are 94% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 15 voting members
Worth a look: 7 of 15 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3B
+22% vs prior year
Spent
$1.1B
To programs
88%
Net assets
$65.4M
By yearFY2020–FY2025
Revenue
$1.3B
FY2021▲ +22%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.0B
FY2021$1.3B
FY2022$1.3B
FY2023$1.4B
FY2024$1.5B
FY2025$1.6B
Expenses
$1.1B
FY2021▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$971.5M
FY2021$1.1B
FY2022$1.1B
FY2023$1.2B
FY2024$1.3B
FY2025$1.4B
Net assets
$65.4M
FY2021▼ -53%
Tap a bar for its year
Net assets by fiscal year
FY2020$139.8M
FY2021$65.4M
FY2022−$322.7M
FY2023−$622.2M
FY2024−$570.6M
FY2025−$530.5M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1936.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $947.1M Management & general 12% · $129.5M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

35 people listed on the 990; $13.4M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Tower Hlth P
$1,853,435Pt VII · Sec A
$1,369,454Pt VII · Sec A
$1,081,662Pt VII · Sec A
EVP & CEO Rh
$995,458Pt VII · Sec A
EVP CMO Term
$878,955Pt VII · Sec A
EVP Business
$855,506Pt VII · Sec A
SVP Cno
$696,162Pt VII · Sec A
Board Member
$590,046Pt VII · Sec A

Charles Barbera MD’s $990K as Pres & CEO is at the 53rd percentile of top reported officer pay among 1747 $100M+ health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Clint Matthews—$269,231$1,397,087$2,418,853$1,853,435$1,980,329
Therese Sucher—$766,755$1,818,975$1,197,331$1,081,662$1,131,410
Gary F Conner——$131,206$1,026,036$1,369,454—
Dan Ahern———$1,129,933$855,506$841,489
Russell H Showers——$1,003,461$710,375$504,340—
William Jennings———$851,695$995,458$997,940
Charles Barbera MD$990,066$888,650$863,437$638,498$590,046—
Gary Conner—————$982,640

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Reading Hospital executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides compassionate, high-quality healthcare services, promotes community wellness, trains healthcare professionals, conducts clinical research, and offers specialized cancer treatment and support.

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3 programs · $275.1M · in their own filed words · FY2020
01

Inpatient Care

203,050 patient days reading hospital provides 725 beds for provision of comprehensive inpatient, outpatient, and emergent care. Inpatient care is provided in 2 critical care units, 2 intermediate care units, 3 acute rehabilitation units, and 13 medical surgical units with sub-specialties that include oncology, neurology, cardiology…

$165.5Mprogram expense
02

Operating Room

17,935 total surgeries reading hospital operates in a market served by nearly 20 specialty, investor-owned facilities, which carve out the best paying insurance plans, the highest margin procedures, and the least complicated patients to serve.

$56.2Mprogram expense
03

Mcglinn cancer institute 28,786 procedures the mcglinn cancer institute, located within the reading hospital, is primarily an out-patient facility which houses the sections of radiation oncology, HEMATOLOGY/ONCOLOGY, and gynecological oncology. The annual total of patients who are diagnosed AND/OR treated here approximates 1600.

$53.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$50K
Grants paid · 14 grants · $200K · 2021–2024
Tower Health Medical GroupPA · FY2024$66,240
Refresh BerksPA · FY2024$10,000
Reading Science CenterPA · FY2024$6,270
Co County Wellness ServicesPA · FY2024$6,000
The Salvation ArmyNY · FY2024$1,000
Tower Health Medical GroupPA · FY2023$58,880
Reading Science CenterPA · FY2023$5,080
The Salvation ArmyNY · FY2023$2,500
Tower Health Medical GroupPA · FY2022$11,520
Reading Rebels LLCFY2022$5,500
Tower Health Medical GroupPA · FY2021$5,640

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2022 · $58.1M federal money spent
Provider Relief FundDepartment of Health and Human Services · ALN 93.498 · Direct$50.4M
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$1.5M
Disaster Grants - Public Assistance (presidentially Declared Disasters)Department of Homeland Security · ALN 97.036 · Direct$1.5M
Covid-19 Testing for the UninsuredDepartment of Health and Human Services · ALN 93.461 · Direct$1.2M
Education Stabilization FundDepartment of Education · ALN 84.425 · Direct$1.0M

Plus 10 smaller programs.

The auditor reported no findings.

Year ending Jun 2021 · $104.1M federal money spent
Covid-19 Provider Relief FundDepartment of Health and Human Services · ALN 93.498 · Direct$97.7M
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$1.7M
Covid-19 Testing for the UninsuredDepartment of Health and Human Services · ALN 93.461 · Direct$1.4M
Accountable Health CommunitiesDepartment of Health and Human Services · ALN 93.650 · Direct$1.1M
Opioid StrDepartment of Health and Human Services · ALN 93.788 · Through PA Dept. of Drug and Alcohol Programs and 1 more$536K

Plus 10 smaller programs.

The auditor reported 1 finding: a material weakness in money controls, questioned costs.

Year ending Jun 2020 · $5.1M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$1.8M
Accountable Health CommunitiesDepartment of Health and Human Services · ALN 93.650 · Direct$1.1M
Covid-19 Testing for the UninsuredDepartment of Health and Human Services · ALN 93.461 · Direct$808K
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$454K
Grants to Provide Outpatient Early Intervention Services with Respect to HIV DiseaseDepartment of Health and Human Services · ALN 93.918 · Direct$323K

Plus 10 smaller programs.

The auditor reported: a weakness in money controls.

Year ending Jun 2019 · $3.8M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$1.8M
Accountable Health CommunitiesDepartment of Health and Human Services · ALN 93.650 · Direct$891K
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$514K
Grants to Provide Outpatient Early Intervention Services with Respect to HIV DiseaseDepartment of Health and Human Services · ALN 93.918 · Direct$349K
Opioid StrDepartment of Health and Human Services · ALN 93.788 · Through PA Dept of Drub and Alcohol Programs$85K

Plus 5 smaller programs.

The auditor reported: a weakness in money controls.

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.3B
Ln 12
Fees for servicesLn 2g$1.2B
Other incomeLn 4–11$59.0M
Gifts and grantsLn 1h$20.6M
Money outPt IX
$1.1B
Ln 25
Programscol B$947.1M
Managementcol C$129.5M
Owns and owesPt X
$65.4M
net assets · Ln 32
Cash and savingsLn 1–2$289K
Total assetsLn 16$1.1B
LiabilitiesLn 26$990.8M
PeoplePt VI, VII
35
listed · VII A
PaidVII A22
Voting boardVI 1a15
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$20.6M
Government grantsLn 1e$18.6M
Fees for servicesLn 2g$1.2B
Investment incomeLn 3$227K
Other incomeLn 4–11$59.0M
Gains on assetsLn 7−$240K
Total revenueLn 12$1.3B
Assets in detailPt X, end of year
CashLn 1$289K
Cash and savings togetherLn 1–2$289K
Accounts receivableLn 4$125.8M
Inventories for sale or useLn 8$51.2M
Prepaid expenses and deferred chargesLn 9$22.8M
Land, buildings, equipmentLn 10c$687.8M
Other assetsLn 15$168.4M
Total assetsLn 16$1.1B
LiabilitiesLn 26$990.8M
Net assetsLn 32$65.4M
OperationsPt I, VI
EmployeesI 57,276
VolunteersI 6209
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Hospital careSch H · share of total expense
Charity care at costPt I 7a$19.1M · 1.8%
Bad debtPt III 2$89.2M · 8.3%
Total community benefitPt I 7k$127.0M · 11.8%
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$551K$289K
Land, buildings, equipmentLn 10c$810.6M$687.8M
Total assetsLn 16$1.18B$1.06B
LiabilitiesLn 26$1.04B$990.8M
Net assetsLn 32$139.8M$65.4M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$6.5M$259K$6.2M
Pay of disqualified personsLn 6$8.1M$8.1M
Other salaries and wagesLn 7$388.8M$374.1M$14.7M
Pension plan contributionsLn 8$11.3M$10.6M$756K
Other employee benefitsLn 9$58.3M$54.4M$3.9M
Payroll taxesLn 10$29.2M$27.1M$2.0M
Legal feesLn 11b$10.6M$10.6M
Accounting feesLn 11c$1.3M$1.3M
Investment management feesLn 11f$420K$420K
Other fees for servicesLn 11g$118.2M$56.7M$61.5M
Advertising and promotionLn 12$3.4M$3.4M
Information technologyLn 14$53.5M$53.5M
OccupancyLn 16$17.8M$16.3M$1.4M
TravelLn 17$262K$207K$55K
InterestLn 20$30.0M$30.0M
Depreciation, depletion and amortizationLn 22$61.6M$61.6M
InsuranceLn 23$11.0M$11.0M
Other expenses (24a–d)Ln 24$230.5M$230.0M$532K
All other expensesLn 24e$35.9M$21.3M$14.6M
Total functional expensesLn 25$1.08B$947.1M$129.5M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 15, 2026 $1.6B$1.4B$221.6M−$530.5M 990 PDF
FY2024Filed with the IRS May 14, 2025 $1.5B$1.3B$263.4M−$570.6M 990 PDF
FY2023Filed with the IRS May 14, 2024 $1.4B$1.2B$173.5M−$622.2M 990 PDF
FY2022 $1.3B$1.1B$184.6M−$322.7M 990 PDF
FY2021 ViewingFiled with the IRS May 13, 2022 $1.3B$1.1B$187.3M$65.4M 990 PDF
FY2020Filed with the IRS May 12, 2021 $1.0B$971.5M$63.5M$139.8M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $1,263,841,038 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $57,246,426$20,605,743
I-9 Program service revenuePrior year $929,652,693$1,184,004,055
I-10 Investment incomePrior year $496,112$226,820
I-11 Other revenuePrior year $47,623,882$59,004,420
I-12 Total revenuePrior year $1,035,019,113$1,263,841,038
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $532,485,465$502,137,766
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $439,053,252$574,433,097
I-18 Total expensesPrior year $971,538,717$1,076,570,863
I-19 Revenue less expensesPrior year $63,480,396$187,270,175
Part VI · Governance 7 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,263,841,038 across 10 lines filed
Lines not itemized here account for $18,138,204 of total revenue; see the IRS return.
VIII-1d Related organizations$1,896,268
VIII-1e Government grants$18,558,303
VIII-1f All other contributions, gifts and grants$151,172
VIII-1h Total contributions, gifts and grants$20,605,743
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,184,004,055$1,184,004,055
VIII-3 Investment incomeExcluded from tax $467,143$467,143
VIII-6 Net rental income or lossExcluded from tax $4,425,334$4,425,334
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$240,323−$240,323
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,940,635 · Unrelated business $58,058 · Excluded from tax $32,442,189$36,440,882
VIII-12 Total revenueRelated to mission $1,204,136,803 · Unrelated business $1,946,091 · Excluded from tax $37,094,343$1,263,841,038
Part IX · Statement of functional expenses $1,076,570,863 across 19 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $259,216 · Management $6,237,817$6,497,033
IX-6 Pay of disqualified personsManagement $8,073,063$8,073,063
IX-7 Other salaries and wagesPrograms $374,085,978 · Management $14,698,806$388,784,784
IX-8 Pension plan contributionsPrograms $10,577,355 · Management $755,534$11,332,889
IX-9 Other employee benefitsPrograms $54,364,045 · Management $3,923,503$58,287,548
IX-10 Payroll taxesPrograms $27,144,658 · Management $2,017,791$29,162,449
IX-11b Legal feesManagement $10,575,322$10,575,322
IX-11c Accounting feesManagement $1,271,070$1,271,070
IX-11f Investment management feesManagement $420,000$420,000
IX-11g Other fees for servicesPrograms $56,673,578 · Management $61,539,777$118,213,355
IX-12 Advertising and promotionManagement $3,361,603$3,361,603
IX-14 Information technologyPrograms $53,453,933$53,453,933
IX-16 OccupancyPrograms $16,340,558 · Management $1,447,036$17,787,594
IX-17 TravelPrograms $207,035 · Management $55,442$262,477
IX-20 InterestPrograms $30,031,437$30,031,437
IX-22 Depreciation, depletion and amortizationPrograms $61,610,451$61,610,451
IX-23 InsurancePrograms $10,971,648$10,971,648
IX-24 Other expenses (24a–d)Programs $230,000,249 · Management $531,842$230,532,091
IX-24e All other expensesPrograms $21,333,844 · Management $14,608,272$35,942,116
IX-25 Total functional expensesPrograms $947,053,985 · Management $129,516,878 · Fundraising $0$1,076,570,863
Part X · Balance sheet $1,056,250,681 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $551,149$289,437
X-4 Accounts receivableStart of year $151,704,155$125,806,046
X-8 Inventories for sale or useStart of year $38,800,667$51,193,376
X-9 Prepaid expenses and deferred chargesStart of year $24,679,770$22,787,861
X-10c Land, buildings and equipment, netStart of year $810,622,949$687,787,408
X-15 Other assetsStart of year $157,355,062$168,386,553
X-16 Total assetsStart of year $1,183,713,752$1,056,250,681
X-17 Accounts payable and accrued expensesStart of year $199,564,821$332,661,945
X-25 Other liabilitiesStart of year $844,334,101$658,175,727
X-26 Total liabilitiesStart of year $1,043,898,922$990,837,672
X-27 Net assets without donor restrictionsStart of year $139,526,902$65,150,006
X-28 Net assets with donor restrictionsStart of year $287,928$263,003
X-32 Total net assets or fund balancesStart of year $139,814,830$65,413,009
X-33 Total liabilities and net assetsStart of year $1,183,713,752$1,056,250,681
Part XI · Reconciliation of net assets $65,413,009 net assets at year end
XI-1 Total revenue$1,263,841,038
XI-2 Total expenses$1,076,570,863
XI-3 Revenue less expenses$187,270,175
XI-4 Net assets at start of year$139,814,830
XI-5 Net unrealized gains (losses) on investments−$148,115
XI-9 Other changes in net assets−$261,523,881
XI-10 Net assets at end of year$65,413,009

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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