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.
82¢ of each $1 spent went to programs.
$3.1M 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

FY2024 · 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
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.1M
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
2 mo
of spending, in cash
Plus $140.0M in investments, Pt X · Ln 11–13
Fine: 2.2 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
98% of total assets
Concern: liabilities are 98% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$406.6M
-24% vs prior year
Spent
$514.2M
To programs
82%
Net assets
$31.8M
By yearFY2020–FY2025
Revenue
$406.6M
FY2024▼ -24%
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
$514.2M
FY2024▼ -17%
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
$31.8M
FY2024▼ -65%
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 FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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

82 cents of each dollar spent went to programs.

Program services 82% · $423.4M Management & general 18% · $90.9M

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

33 people listed on the 990; $3.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Physician
$501,081Pt VII · Sec A
$478,864Pt VII · Sec A
CEO Phoe/Pot
$390,896Pt VII · Sec A
VP CFO Phoen
$296,329Pt VII · Sec A
VP Cno Phoen
$278,198Pt VII · Sec A
CEO Thp Term
$262,820Pt VII · Sec A
$260,007Pt VII · Sec A
Physician
$243,426Pt 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 · $157.3M · in their own filed words · FY2023
01

Er/Nursing Inpatient & Outpatient Program

Phoenixville hospital: phoenixville hospital emergency department provides emergency, urgent and primary care services to the community "24/7/365" regardless of ability to pay. Phoenixville hospital also provides immediate access through its emergency department to ancillary services, from surgeons to all areas of specialty care.

$81.3Mprogram expense
02

Operating Room Services

Phoenixville hospital: phoenixville hospital's surgical department provides surgical services to the community in both an inpatient and outpatient setting. These services include: cariology, cardio, thoracis, ent, orthopedics, gynecology, obstetrics, urology, pain management, plastic, podiatry, neuro and general surgery.

$52.4Mprogram expense
03

Radiology/Imaging Program

Phoenixville hospital: phoenixville hospital radiology department provides imaging services to the community in both an inpatient and outpatient setting in two locations. These services include but are not limited to PET/CT scans, ultrasounds, CT scans, mris, nuclear medicine, interventional radiology and mammograms.

$23.6Mprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$406.6M
Ln 12
Fees for servicesLn 2g$361.4M
Other incomeLn 4–11$37.8M
Investment incomeLn 3$7.2M
Money outPt IX
$514.2M
Ln 25
Programscol B$423.4M
Managementcol C$90.9M
Owns and owesPt X
$31.8M
net assets · Ln 32
Cash and savingsLn 1–2$95.0M
Total assetsLn 16$1.6B
LiabilitiesLn 26$1.6B
PeoplePt VI, VII
33
listed · VII A
PaidVII A10
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$179K
Government grantsLn 1e$132K
Fees for servicesLn 2g$361.4M
Investment incomeLn 3$7.2M
Other incomeLn 4–11$37.8M
Gains on assetsLn 7$3.8M
Total revenueLn 12$406.6M
Assets in detailPt X, end of year
CashLn 1$95.0M
SavingsLn 2$3K
Cash and savings togetherLn 1–2$95.0M
InvestmentsLn 11–13$140.0M
Land, buildings, equipmentLn 10c$95.5M
Other assetsLn 15$1.22B
Total assetsLn 16$1.6B
LiabilitiesLn 26$1.6B
Net assetsLn 32$31.8M
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 FY24End FY24
Cash and savingsLn 1–2$138.7M$95.0M
InvestmentsLn 11–13$123.1M$140.0M
Land, buildings, equipmentLn 10c$99.5M$95.5M
Total assetsLn 16$1.71B$1.63B
LiabilitiesLn 26$1.62B$1.60B
Net assetsLn 32$90.0M$31.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$755K$755K
Pay of disqualified personsLn 6$762K$762K
Other salaries and wagesLn 7$157.3M$153.7M$3.6M
Pension plan contributionsLn 8$2.7M$2.6M$146K
Other employee benefitsLn 9$25.8M$25.2M$648K
Payroll taxesLn 10$11.3M$10.9M$374K
Legal feesLn 11b$854K$854K
Lobbying feesLn 11d$16K$16K
Investment management feesLn 11f$1.2M$1.2M
Other fees for servicesLn 11g$57.7M$57.1M$578K
Advertising and promotionLn 12$197K$197K
Information technologyLn 14$17K$17K
OccupancyLn 16$21.3M$20.9M$354K
TravelLn 17$101K$99K$2K
InterestLn 20$28.3M$28.3M
Depreciation, depletion and amortizationLn 22$6.2M$6.2M
InsuranceLn 23$20.3M$20.3M
Other expenses (24a–d)Ln 24$171.1M$90.1M$81.0M
All other expensesLn 24e$8.5M$8.0M$449K
Total functional expensesLn 25$514.2M$423.4M$90.9M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $502.4M$500.0M$2.4M$53.4M 990 PDF
FY2024 Viewing $406.6M$514.2M−$107.6M$31.8M 990 PDF
FY2023 $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 FY2024 990 (6 parts)
Part I · Summary $406,600,464 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,104,877$178,662
I-9 Program service revenuePrior year $418,465,699$361,356,566
I-10 Investment incomePrior year $84,093,302$7,217,207
I-11 Other revenuePrior year $26,907,925$37,848,029
I-12 Total revenuePrior year $531,571,803$406,600,464
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $243,467,772$198,644,159
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $376,302,932$315,579,314
I-18 Total expensesPrior year $619,770,704$514,223,473
I-19 Revenue less expensesPrior year −$88,198,901−$107,623,009
Part VI · Governance 9 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members9
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 $406,600,464 across 9 lines filed
Lines not itemized here account for $3,395,025 of total revenue; see the IRS return.
VIII-1e Government grants$131,934
VIII-1f All other contributions, gifts and grants$46,728
VIII-1h Total contributions, gifts and grants$178,662
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $361,970,395 · Unrelated business −$613,829$361,356,566
VIII-3 Investment incomeUnrelated business $1,761,443 · Excluded from tax $1,656,758$3,418,201
VIII-6 Net rental income or lossExcluded from tax $5,695,692$5,695,692
VIII-7 Net gain or loss on sales of assetsExcluded from tax $3,799,006$3,799,006
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $28,757,312$28,757,312
VIII-12 Total revenueRelated to mission $393,270,131 · Unrelated business $1,147,614 · Excluded from tax $12,004,057$406,600,464
Part IX · Statement of functional expenses $514,223,473 across 19 lines filed
IX-5 Pay of current officers, directors and key staffManagement $754,557$754,557
IX-6 Pay of disqualified personsManagement $761,742$761,742
IX-7 Other salaries and wagesPrograms $153,725,263 · Management $3,573,906$157,299,169
IX-8 Pension plan contributionsPrograms $2,551,313 · Management $145,609$2,696,922
IX-9 Other employee benefitsPrograms $25,169,504 · Management $647,898$25,817,402
IX-10 Payroll taxesPrograms $10,940,672 · Management $373,695$11,314,367
IX-11b Legal feesManagement $853,777$853,777
IX-11d Lobbying feesManagement $15,571$15,571
IX-11f Investment management feesManagement $1,159,896$1,159,896
IX-11g Other fees for servicesPrograms $57,074,369 · Management $578,030$57,652,399
IX-12 Advertising and promotionManagement $197,087$197,087
IX-14 Information technologyPrograms $16,510$16,510
IX-16 OccupancyPrograms $20,924,732 · Management $353,854$21,278,586
IX-17 TravelPrograms $98,972 · Management $2,214$101,186
IX-20 InterestPrograms $28,254,632$28,254,632
IX-22 Depreciation, depletion and amortizationPrograms $6,186,283$6,186,283
IX-23 InsurancePrograms $20,282,540$20,282,540
IX-24 Other expenses (24a–d)Programs $90,098,925 · Management $80,990,111$171,089,036
IX-24e All other expensesPrograms $8,043,170 · Management $448,641$8,491,811
IX-25 Total functional expensesPrograms $423,366,885 · Management $90,856,588 · Fundraising $0$514,223,473
Part X · Balance sheet $1,634,452,647 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $138,708,597$94,957,178
X-2 Savings and temporary cash investmentsStart of year $2,947$3,254
X-4 Accounts receivableStart of year $58,243,800$62,426,743
X-8 Inventories for sale or useStart of year $9,835,092$9,784,693
X-9 Prepaid expenses and deferred chargesStart of year $13,400,342$9,256,693
X-10c Land, buildings and equipment, netStart of year $99,537,185$95,481,868
X-11 Publicly traded securitiesStart of year $103,913,401$2,980,361
X-12 Other securities$100,651,391
X-13 Program-related investmentsStart of year $19,200,121$36,327,489
X-15 Other assetsStart of year $1,262,993,487$1,222,582,977
X-16 Total assetsStart of year $1,705,834,972$1,634,452,647
X-17 Accounts payable and accrued expensesStart of year $143,691,535$128,583,197
X-20 Tax-exempt bond liabilitiesStart of year $1,278,509,372$1,271,283,452
X-25 Other liabilitiesStart of year $193,593,003$202,755,326
X-26 Total liabilitiesStart of year $1,615,793,910$1,602,621,975
X-27 Net assets without donor restrictionsStart of year $89,961,738$31,777,078
X-28 Net assets with donor restrictionsStart of year $79,324$53,594
X-32 Total net assets or fund balancesStart of year $90,041,062$31,830,672
X-33 Total liabilities and net assetsStart of year $1,705,834,972$1,634,452,647
Part XI · Reconciliation of net assets $31,830,672 net assets at year end
XI-1 Total revenue$406,600,464
XI-2 Total expenses$514,223,473
XI-3 Revenue less expenses−$107,623,009
XI-4 Net assets at start of year$90,041,062
XI-5 Net unrealized gains (losses) on investments−$7,395,414
XI-8 Prior period adjustments$140,439
XI-9 Other changes in net assets$56,667,594
XI-10 Net assets at end of year$31,830,672

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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