Civic Intelligence

Reading Hospital

990 • Fiscal year 2013 • EIN 23-1352204

Jul 01, 2012 to Jun 30, 2013 • Filed on Feb 17, 2014

PO Box 1605219612-6052
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

89th percentile

0.83x

Higher debt load relative to assets than 89% of similar nonprofits.

2013 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

21st percentile

1.2%

Faster asset growth than 21% of similar nonprofits.

2013 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$926,283,621

Up $11,248,345 (+1.2%) from 2012

Net Assets

Up

$154,287,232

Up $89,543,747 (+138%) from 2012

Liabilities

Down

$771,996,389

Down $78,295,402 (-9.2%) from 2012

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$726,859,236

Down $5,805,725 (-0.8%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0B$1.0B$0-$1.0BAssets 2010: $819,810,830Liabilities 2010: $827,961,527Net Assets 2010: -$8,150,6972010Assets 2011: $855,456,958Liabilities 2011: $793,836,701Net Assets 2011: $61,620,2572011Assets 2012: $915,035,276Liabilities 2012: $850,291,791Net Assets 2012: $64,743,4852012Assets 2013: $926,283,621Liabilities 2013: $771,996,389Net Assets 2013: $154,287,2322013Assets 2014: $855,324,800Liabilities 2014: $801,285,912Net Assets 2014: $54,038,8882014Assets 2015: $873,905,806Liabilities 2015: $807,041,841Net Assets 2015: $66,863,9652015Assets 2016: $895,645,440Liabilities 2016: $979,458,830Net Assets 2016: -$83,813,3902016Assets 2017: $846,227,245Liabilities 2017: $876,533,515Net Assets 2017: -$30,306,2702017Assets 2018: $911,411,555Liabilities 2018: $745,458,126Net Assets 2018: $165,953,4292018Assets 2019: $1,033,939,184Liabilities 2019: $789,607,224Net Assets 2019: $244,331,9602019Assets 2020: $1,183,713,752Liabilities 2020: $1,043,898,922Net Assets 2020: $139,814,8302020Assets 2021: $1,056,250,681Liabilities 2021: $990,837,672Net Assets 2021: $65,413,0092021Assets 2022: $1,060,006,522Liabilities 2022: $1,382,700,921Net Assets 2022: -$322,694,3992022Assets 2023: $1,004,570,287Liabilities 2023: $1,626,785,095Net Assets 2023: -$622,214,8082023Assets 2024: $1,022,464,769Liabilities 2024: $1,593,015,406Net Assets 2024: -$570,550,6372024

Highlighted filing

2013

Assets$926,283,621
Liabilities$771,996,389
Net Assets$154,287,232

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0B$1.5B$1.0B$500M$0Expenses 2010: $669,865,1652010Expenses 2011: $694,396,3132011Revenue 2012: $811,499,191Expenses 2012: $732,664,961Net Income 2012: $78,834,2302012Expenses 2013: $726,859,2362013Revenue 2014: $803,742,627Expenses 2014: $778,819,984Net Income 2014: $24,922,6432014Revenue 2015: $797,380,256Expenses 2015: $782,782,563Net Income 2015: $14,597,6932015Revenue 2016: $869,081,227Expenses 2016: $794,834,324Net Income 2016: $74,246,9032016Revenue 2017: $925,976,260Expenses 2017: $849,833,785Net Income 2017: $76,142,4752017Revenue 2018: $986,682,160Expenses 2018: $876,260,974Net Income 2018: $110,421,1862018Revenue 2019: $1,021,434,273Expenses 2019: $895,857,466Net Income 2019: $125,576,8072019Revenue 2020: $1,035,019,113Expenses 2020: $971,538,717Net Income 2020: $63,480,3962020Revenue 2021: $1,263,841,038Expenses 2021: $1,076,570,863Net Income 2021: $187,270,1752021Revenue 2022: $1,290,581,797Expenses 2022: $1,105,982,377Net Income 2022: $184,599,4202022Revenue 2023: $1,383,023,429Expenses 2023: $1,209,551,696Net Income 2023: $173,471,7332023Revenue 2024: $1,521,841,456Expenses 2024: $1,258,437,533Net Income 2024: $263,403,9232024

Highlighted filing

2013

Revenue-
Expenses$726,859,236
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Feb 17, 2014
Return Version
2012v2.3
Gross Receipts
$806,347,423
Mission and Program Overview

Mission

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 educate 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 realm that impact health and wellness. In fact, a key part of our mission means the reinvestment of our resources into these efforts, which are collectively known as community benefit. 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 and address health disparities and social determinants of health. The community wellness department also manages the community health needs as

Major Activities

Activity 2
Emergency care - 130,755 emergency room visits rh emergency department provides emergent, urgent and primary care services to our community "24/7/365," regardless of ability to pay. Volume to rh emergency department ranks it among the top three in the state of pennsylvania year after year. As the area's only accredited trauma center, rh also provides immediate access through its emergency department to all speciality srevices, from trauma surgeons to plastic surgeons, and all areas of sepciality care. In addition to its trauma certification, rh is the only hospital in the region to have made a commitment to accrediated care in stroke and chest pain. Following the relocation of the other hospital in the city to a new suburban campus, rh is fulfilling its committment to serve the underserved population of the city.
Activity 3
Pharmacy - 6,906,045 drugs dispensed rh provides acess to needed prescriptions for those patients who cannot afford their medication. Each month rh absorbs the cost of prescription medication for patients of rh with no prescription coverage. Rh recognizes the important role of patient compliance with their treatment, including taking medication as prescribed, and recognizes that patients without the ability to pay for those medications will simply not comply. To ensure optimal patient health and the best patient outcomes, rh absorbs the costs of these medications as part of our exempt purpose in our community.
Filing and Contact Details

Filer

EIN
23-1352204
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IRS990/Activity2/Description0EMERGENCY CARE - 130,755 EMERGENCY ROOM VISITS RH EMERGENCY DEPARTMENT PROVIDES EMERGENT, URGENT AND PRIMARY CARE SERVICES TO OUR COMMUNITY "24/7/365," REGARDLESS OF ABILITY TO PAY. VOLUME TO RH EMERGENCY DEPARTMENT RANKS IT AMONG THE TOP THREE IN THE STATE OF PENNSYLVANIA YEAR AFTER YEAR. AS THE AREA'S ONLY ACCREDITED TRAUMA CENTER, RH ALSO PROVIDES IMMEDIATE ACCESS THROUGH ITS EMERGENCY DEPARTMENT TO ALL SPECIALITY SREVICES, FROM TRAUMA SURGEONS TO PLASTIC SURGEONS, AND ALL AREAS OF SEPCIALITY CARE. IN ADDITION TO ITS TRAUMA CERTIFICATION, RH IS THE ONLY HOSPITAL IN THE REGION TO HAVE MADE A COMMITMENT TO ACCREDIATED CARE IN STROKE AND CHEST PAIN. FOLLOWING THE RELOCATION OF THE OTHER HOSPITAL IN THE CITY TO A NEW SUBURBAN CAMPUS, RH IS FULFILLING ITS COMMITTMENT TO SERVE THE UNDERSERVED POPULATION OF THE CITY.
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IRS990/Form990PartVIISectionA/OtherCompensation170
IRS990/Form990PartVIISectionA/OtherCompensation180
IRS990/Form990PartVIISectionA/OtherCompensation190
IRS990/Form990PartVIISectionA/OtherCompensation200
IRS990/Form990PartVIISectionA/OtherCompensation210
IRS990/Form990PartVIISectionA/OtherCompensation220
IRS990/Form990PartVIISectionA/OtherCompensation230
IRS990/Form990PartVIISectionA/OtherCompensation240
IRS990/Form990PartVIISectionA/OtherCompensation250
IRS990/Form990PartVIISectionA/OtherCompensation260
IRS990/Form990PartVIISectionA/OtherCompensation270
IRS990/Form990PartVIISectionA/OtherCompensation280
IRS990/Form990PartVIISectionA/OtherCompensation29147948
IRS990/Form990PartVIISectionA/OtherCompensation30142458
IRS990/Form990PartVIISectionA/OtherCompensation3150548
IRS990/Form990PartVIISectionA/OtherCompensation3244890
IRS990/Form990PartVIISectionA/OtherCompensation3315637
IRS990/Form990PartVIISectionA/OtherCompensation3455507
IRS990/Form990PartVIISectionA/OtherCompensation3517278
IRS990/Form990PartVIISectionA/OtherCompensation360
IRS990/Form990PartVIISectionA/OtherCompensation3735115
IRS990/Form990PartVIISectionA/OtherCompensation3815722
IRS990/Form990PartVIISectionA/OtherCompensation3928289
IRS990/Form990PartVIISectionA/OtherCompensation400
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization01018668
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization1786801
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization20
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization30
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization40
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization50
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization60
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization70
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization80
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization90
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization100
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization110
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization120
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization130
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization140
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization150
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization160
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization170
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization180
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization190
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization200
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization210
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization220
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization230
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization240
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization250
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization260
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization270
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization280
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization29640907
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization30519045
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization31310916
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization32237756
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization33233743
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization34485984
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization35390871
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization36381074
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization37379985
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization38365855
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization39487962
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization40334198
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs00
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs10
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs20
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs30
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs40
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs50
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs60
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs70
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs80
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs90
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs100
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs110
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs120
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs130
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs140
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs150
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs160
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs170
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs180
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs190
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs200
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs210
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs220
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs230
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs240
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs250
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs260
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs270
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs280
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs290
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs300
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs310
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs320
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs330
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs340
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs350
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs360
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs370
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs380
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs390
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs400
IRS990/Form990PartVIISectionA/Title0PRESIDENT &
IRS990/Form990PartVIISectionA/Title1DIR. OF SURG
IRS990/Form990PartVIISectionA/Title2BOARD MEMBER
IRS990/Form990PartVIISectionA/Title3BOARD MEMBER
IRS990/Form990PartVIISectionA/Title4BOARD MEMBER
IRS990/Form990PartVIISectionA/Title5BOARD MEMBER
IRS990/Form990PartVIISectionA/Title6BOARD MEMBER
IRS990/Form990PartVIISectionA/Title7BOARD MEMBER
IRS990/Form990PartVIISectionA/Title8BOARD MEMBER
IRS990/Form990PartVIISectionA/Title9BOARD MEMBER
IRS990/Form990PartVIISectionA/Title10VICE CHAIR
IRS990/Form990PartVIISectionA/Title11BOARD MEMBER
IRS990/Form990PartVIISectionA/Title12BOARD MEMBER
IRS990/Form990PartVIISectionA/Title13BOARD MEMBER
IRS990/Form990PartVIISectionA/Title14BOARD MEMBER
IRS990/Form990PartVIISectionA/Title15BOARD MEMBER
IRS990/Form990PartVIISectionA/Title16BOARD MEMBER
IRS990/Form990PartVIISectionA/Title17BOARD MEMBER
IRS990/Form990PartVIISectionA/Title18BOARD MEMBER
IRS990/Form990PartVIISectionA/Title19BOARD MEMBER
IRS990/Form990PartVIISectionA/Title20CHAIRMAN
IRS990/Form990PartVIISectionA/Title21BOARD MEMBER
IRS990/Form990PartVIISectionA/Title22VICE CHAIRMA
IRS990/Form990PartVIISectionA/Title23BOARD MEMBER
IRS990/Form990PartVIISectionA/Title24BOARD MEMBER
IRS990/Form990PartVIISectionA/Title25BOARD MEMBER
IRS990/Form990PartVIISectionA/Title26BOARD MEMBER
IRS990/Form990PartVIISectionA/Title27BOARD MEMBER
IRS990/Form990PartVIISectionA/Title28BOARD MEMBER
IRS990/Form990PartVIISectionA/Title29COO
IRS990/Form990PartVIISectionA/Title30CFO
IRS990/Form990PartVIISectionA/Title31SENIOR VP PL
IRS990/Form990PartVIISectionA/Title32VICE PRESIDE
IRS990/Form990PartVIISectionA/Title33VICE PRESIDE
IRS990/Form990PartVIISectionA/Title34PHYSICIAN
IRS990/Form990PartVIISectionA/Title35PHYSICIAN
IRS990/Form990PartVIISectionA/Title36PHYSICIAN
IRS990/Form990PartVIISectionA/Title37PHYSICIAN
IRS990/Form990PartVIISectionA/Title38PHYSICIAN

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1,022$1,593$571$1,522$1,258$263
2023Detailed filing. Detailed filing data is available for this year.$1,005$1,627$622$1,383$1,210$173
2022Detailed filing. Detailed filing data is available for this year.$1,060$1,383$323$1,291$1,106$185
2021Detailed filing. Detailed filing data is available for this year.$1,056$991$65.4$1,264$1,077$187
2020Detailed filing. Detailed filing data is available for this year.$1,184$1,044$140$1,035$972$63.5
2019Detailed filing. Detailed filing data is available for this year.$1,034$790$244$1,021$896$126
2018Detailed filing. Detailed filing data is available for this year.$911$745$166$987$876$110
2017Detailed filing. Detailed filing data is available for this year.$846$877$30.3$926$850$76.1
2016Detailed filing. Detailed filing data is available for this year.$896$979$83.8$869$795$74.2
2015Detailed filing. Detailed filing data is available for this year.$874$807$66.9$797$783$14.6
2014Detailed filing. Detailed filing data is available for this year.$855$801$54.0$804$779$24.9
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$926$772$154$727
2012Summary only. Only limited summary data is available for this year.$915$850$64.7$811$733$78.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$855$794$61.6$694
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$820$828$8.15$670