The mission of Tower Health is to provide compassionate, accessible, high quality, cost effective healthcare to the community; to promote Health; to educate healthcare professionals; and to participate in appropriate clinical research. Tower Health (parent) is a non-profit healthcare system that provides charitable community-based healthcare services and programs to improve the Health and well-being of the people and the communities IT serves in the greater berks, montgomery and chester areas through its subsidiaries (see form 990, schedule r). Subsidiaries include but are not limited to phoenixville hospital, and pottstown hospital, the two of which are held in single member llcs that Tower Health is the sole member of. As a result, these are treated as disregarded entities and all of their income and activities are reported on Tower health's form 990. As a provider of direct care, Tower Health addresses issues outside that realm that impact Health and wellness. In fact, a key part of

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
$3.6M 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

FY2023 · 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
1 of 6
filings with a surplus
Average deficit $118.6M a year · 23% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.6M
to officers and key staff · 0.6% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Fine: 2.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.6B
95% of total assets
Concern: liabilities are 95% of assets; over 80%.
Pt X · Ln 26
Independent board members
13
of 14 voting members
Looks good: 13 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$531.6M
-13% vs prior year
Spent
$619.8M
To programs
80%
Net assets
$90.0M
By yearFY2020–FY2025
Revenue
$531.6M
FY2023▼ -13%
Tap a bar for its year
Revenue by fiscal year
FY2020$534.0M
FY2021$562.2M
FY2022$611.7M
FY2023$531.6M
FY2024$406.6M
FY2025$502.4M
Expenses
$619.8M
FY2023▼ -16%
Tap a bar for its year
Expenses by fiscal year
FY2020$742.8M
FY2021$741.7M
FY2022$741.6M
FY2023$619.8M
FY2024$514.2M
FY2025$500.0M
Net assets
$90.0M
FY2023▲ +279%
Tap a bar for its year
Net assets by fiscal year
FY2020$132.5M
FY2021−$158.0M
FY2022−$50.4M
FY2023$90.0M
FY2024$31.8M
FY2025$53.4M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 Oct 1997.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $497.7M Management & general 20% · $122.1M

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

36 people listed on the 990; $3.6M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Former CEO P
$556,765Pt VII · Sec A
$495,987Pt VII · Sec A
Former CEO C
$483,687Pt VII · Sec A
VP CMO Potts
$392,172Pt VII · Sec A
$376,974Pt VII · Sec A
VP CMO Phoen
$376,668Pt VII · Sec A
VP CMO Chest
$278,902Pt VII · Sec A
VP Cno Phoen
$254,698Pt VII · Sec A

Richard McLaughlin’s $538K as CEO Phoe/Pot is at the 23rd 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
George a Jenckes MD————$368,381$643,059
Stephen Tullman——$556,765$538,281$472,501$514,275
Richard McLaughlin$538,143$390,896$392,172$414,165$400,991$397,864
Ziad Osman$517,300$501,081————
John Cacciamani—$195,625$483,687$499,257$478,683$449,499
Richard T Newell JR$190,006$478,864$495,987$492,015$473,781$427,172
John Casey MD—$262,820$376,974$391,418$326,746—
Robert McMurtrie——$376,668$386,031$286,953—

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.

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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, cost-effective healthcare and advanced medical imaging services, including free mammograms for uninsured patients, across inpatient and outpatient community hospital settings.

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Provided by the organization

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3 programs · $182.9M · in their own filed words · FY2022
01

Er/Nursing Inpatient & Outpatient Program

Chestnut hill hospital: chestnut hill hospital (CHH) emergency department provides emergency, urgent and primary care services to the community "24/7/365", regardless of ability to pay. CHH provides immediate access through its emergency department to all specialty areas.

$96.2Mprogram expense
02

Operating Room Services

Chestnut hill hospital: chestnut hill hospital's surgical department provides surgical services to our community in both an inpatient and outpatient setting. Services include: bariatrics, ent, gastroenterology, gynecology, orthopedics, pain management, plastics, podiatry, pulmonology, thoracic, urology, vascular, and general surgery.

$59.1Mprogram expense
03

Radiology/Imaging Program

Chestnut hill hospital: chestnut hill hospital radiology department provides imaging services to the community in both an inpatient and outpatient setting. These services include but are not limited to pet scans, ultrasounds, cat scans, mris, nuclear medicine, interventional radiology, and mammograms.

$27.6Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2020
Total grants receivedfrom 1 funder$1K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$531.6M
Ln 12
Fees for servicesLn 2g$418.5M
Investment incomeLn 3$84.1M
Other incomeLn 4–11$26.9M
Money outPt IX
$619.8M
Ln 25
Programscol B$497.7M
Managementcol C$122.1M
Owns and owesPt X
$90.0M
net assets · Ln 32
Cash and savingsLn 1–2$138.7M
Total assetsLn 16$1.7B
LiabilitiesLn 26$1.6B
PeoplePt VI, VII
36
listed · VII A
PaidVII A10
Voting boardVI 1a14
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.1M
Government grantsLn 1e$2.1M
Fees for servicesLn 2g$418.5M
Investment incomeLn 3$84.1M
Other incomeLn 4–11$26.9M
Gains on assetsLn 7$79.3M
Total revenueLn 12$531.6M
Assets in detailPt X, end of year
CashLn 1$138.7M
SavingsLn 2$3K
Cash and savings togetherLn 1–2$138.7M
InvestmentsLn 11–13$123.1M
Land, buildings, equipmentLn 10c$99.5M
Other assetsLn 15$1.26B
Total assetsLn 16$1.7B
LiabilitiesLn 26$1.6B
Net assetsLn 32$90.0M
OperationsPt I, VI
EmployeesI 52,765
VolunteersI 6133
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$43.7M$138.7M
InvestmentsLn 11–13$332.6M$123.1M
Land, buildings, equipmentLn 10c$142.9M$99.5M
Total assetsLn 16$1.62B$1.71B
LiabilitiesLn 26$1.67B$1.62B
Net assetsLn 32−$50.4M$90.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1.8M$1.8M
Pay of disqualified personsLn 6$337K$337K
Other salaries and wagesLn 7$194.3M$189.4M$4.8M
Pension plan contributionsLn 8$5.2M$5.0M$218K
Other employee benefitsLn 9$28.0M$27.0M$949K
Payroll taxesLn 10$13.8M$13.3M$511K
Legal feesLn 11b$341K$341K
Lobbying feesLn 11d$15K$15K
Investment management feesLn 11f$1.7M$1.7M
Other fees for servicesLn 11g$78.4M$77.5M$957K
Advertising and promotionLn 12$222K$222K
Information technologyLn 14$70K$70K
OccupancyLn 16$26.4M$25.8M$616K
TravelLn 17$171K$154K$17K
InterestLn 20$26.6M$26.6M
Depreciation, depletion and amortizationLn 22$6.8M$6.8M
InsuranceLn 23$89K$89K
Other expenses (24a–d)Ln 24$215.7M$106.7M$109.0M
All other expensesLn 24e$19.7M$19.2M$554K
Total functional expensesLn 25$619.8M$497.7M$122.1M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $502.4M$500.0M$2.4M$53.4M 990 PDF
FY2024 $406.6M$514.2M−$107.6M$31.8M 990 PDF
FY2023 Viewing $531.6M$619.8M−$88.2M$90.0M 990 PDF
FY2022 $611.7M$741.6M−$129.9M−$50.4M 990 PDF
FY2021 $562.2M$741.7M−$179.5M−$158.0M 990 PDF
FY2020 $534.0M$742.8M−$208.7M$132.5M 990 PDF

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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 FY2023 990 (6 parts)
Part I · Summary $531,571,803 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,653,339$2,104,877
I-9 Program service revenuePrior year $516,339,522$418,465,699
I-10 Investment incomePrior year $65,618,383$84,093,302
I-11 Other revenuePrior year $28,046,358$26,907,925
I-12 Total revenuePrior year $611,657,602$531,571,803
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $291,092,625$243,467,772
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $450,474,857$376,302,932
I-18 Total expensesPrior year $741,567,482$619,770,704
I-19 Revenue less expensesPrior year −$129,909,880−$88,198,901
Part VI · Governance 13 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members13
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 $531,571,803 across 9 lines filed
Lines not itemized here account for $3,998,230 of total revenue; see the IRS return.
VIII-1e Government grants$2,081,580
VIII-1f All other contributions, gifts and grants$23,297
VIII-1h Total contributions, gifts and grants$2,104,877
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $418,654,901 · Unrelated business −$189,202$418,465,699
VIII-3 Investment incomeUnrelated business $1,671,913 · Excluded from tax $3,155,040$4,826,953
VIII-6 Net rental income or lossExcluded from tax $3,520,242$3,520,242
VIII-7 Net gain or loss on sales of assetsExcluded from tax $79,266,349$79,266,349
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $19,389,453$19,389,453
VIII-12 Total revenueRelated to mission $441,049,115 · Unrelated business $1,482,711 · Excluded from tax $86,935,100$531,571,803
Part IX · Statement of functional expenses $619,770,704 across 19 lines filed
IX-5 Pay of current officers, directors and key staffManagement $1,793,640$1,793,640
IX-6 Pay of disqualified personsManagement $337,073$337,073
IX-7 Other salaries and wagesPrograms $189,442,083 · Management $4,842,182$194,284,265
IX-8 Pension plan contributionsPrograms $5,022,372 · Management $217,874$5,240,246
IX-9 Other employee benefitsPrograms $27,030,608 · Management $949,071$27,979,679
IX-10 Payroll taxesPrograms $13,322,281 · Management $510,588$13,832,869
IX-11b Legal feesManagement $341,420$341,420
IX-11d Lobbying feesManagement $15,053$15,053
IX-11f Investment management feesManagement $1,718,162$1,718,162
IX-11g Other fees for servicesPrograms $77,492,727 · Management $956,758$78,449,485
IX-12 Advertising and promotionManagement $222,113$222,113
IX-14 Information technologyPrograms $69,639$69,639
IX-16 OccupancyPrograms $25,831,401 · Management $616,279$26,447,680
IX-17 TravelPrograms $153,964 · Management $17,391$171,355
IX-20 InterestPrograms $26,618,337$26,618,337
IX-22 Depreciation, depletion and amortizationPrograms $6,782,304$6,782,304
IX-23 InsurancePrograms $89,068$89,068
IX-24 Other expenses (24a–d)Programs $106,688,136 · Management $108,977,424$215,665,560
IX-24e All other expensesPrograms $19,158,881 · Management $553,875$19,712,756
IX-25 Total functional expensesPrograms $497,701,801 · Management $122,068,903 · Fundraising $0$619,770,704
Part X · Balance sheet $1,705,834,972 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $43,666,807$138,708,597
X-2 Savings and temporary cash investmentsStart of year $111$2,947
X-4 Accounts receivableStart of year $68,191,143$58,243,800
X-8 Inventories for sale or useStart of year $18,991,093$9,835,092
X-9 Prepaid expenses and deferred chargesStart of year $22,848,111$13,400,342
X-10c Land, buildings and equipment, netStart of year $142,929,911$99,537,185
X-11 Publicly traded securitiesStart of year $357,265,297$103,913,401
X-13 Program-related investmentsStart of year −$24,652,484$19,200,121
X-15 Other assetsStart of year $985,960,442$1,262,993,487
X-16 Total assetsStart of year $1,615,200,431$1,705,834,972
X-17 Accounts payable and accrued expensesStart of year $181,359,772$143,691,535
X-20 Tax-exempt bond liabilitiesStart of year $1,284,254,118$1,278,509,372
X-25 Other liabilitiesStart of year $199,980,774$193,593,003
X-26 Total liabilitiesStart of year $1,665,594,664$1,615,793,910
X-27 Net assets without donor restrictionsStart of year −$50,463,457$89,961,738
X-28 Net assets with donor restrictionsStart of year $69,224$79,324
X-32 Total net assets or fund balancesStart of year −$50,394,233$90,041,062
X-33 Total liabilities and net assetsStart of year $1,615,200,431$1,705,834,972
Part XI · Reconciliation of net assets $90,041,062 net assets at year end
XI-1 Total revenue$531,571,803
XI-2 Total expenses$619,770,704
XI-3 Revenue less expenses−$88,198,901
XI-4 Net assets at start of year−$50,394,233
XI-5 Net unrealized gains (losses) on investments−$19,381,902
XI-9 Other changes in net assets$248,016,098
XI-10 Net assets at end of year$90,041,062

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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