Civic Intelligence

Reading Health System

990 • Fiscal year 2013 • EIN 23-2201344

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

Organization ProfileWWW.TOWERHEALTH.ORG

View Organization Page

PO Box 1605219612-6052
Siviq Scores

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

Liabilities / Assets

58th percentile

0.44x

Higher debt load relative to assets than 58% of similar nonprofits.

2013 filings • 501(c)3 • $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

40th percentile

6.4%

Faster asset growth than 40% of similar nonprofits.

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

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$1,487,171,859

Up $89,075,550 (+6.4%) from 2012

Net Assets

Up

$828,162,820

Up $116,438,263 (+16%) from 2012

Liabilities

Down

$659,009,039

Down $27,362,713 (-4.0%) from 2012

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$2,004,000

Down $39,394,104 (-95%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth40th percentile

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

$3.0B$2.0B$1.0B$0-$1.0BAssets 2010: $1,357,473,295Liabilities 2010: $604,842,296Net Assets 2010: $752,630,9992010Assets 2011: $1,414,819,391Liabilities 2011: $599,686,875Net Assets 2011: $815,132,5162011Assets 2012: $1,398,096,309Liabilities 2012: $686,371,752Net Assets 2012: $711,724,5572012Assets 2013: $1,487,171,859Liabilities 2013: $659,009,039Net Assets 2013: $828,162,8202013Assets 2014: $1,573,850,225Liabilities 2014: $647,268,726Net Assets 2014: $926,581,4992014Assets 2015: $1,479,124,047Liabilities 2015: $639,252,089Net Assets 2015: $839,871,9582015Assets 2016: $1,450,160,993Liabilities 2016: $646,458,936Net Assets 2016: $803,702,0572016Assets 2017: $1,506,270,845Liabilities 2017: $618,461,425Net Assets 2017: $887,809,4202017Assets 2018: $2,024,107,424Liabilities 2018: $1,241,707,304Net Assets 2018: $782,400,1202018Assets 2019: $1,785,046,902Liabilities 2019: $1,279,089,590Net Assets 2019: $505,957,3122019Assets 2020: $1,916,208,118Liabilities 2020: $1,783,691,030Net Assets 2020: $132,517,0882020Assets 2021: $1,567,530,050Liabilities 2021: $1,725,484,412Net Assets 2021: -$157,954,3622021Assets 2022: $1,615,200,431Liabilities 2022: $1,665,594,664Net Assets 2022: -$50,394,2332022Assets 2023: $1,705,834,972Liabilities 2023: $1,615,793,910Net Assets 2023: $90,041,0622023Assets 2024: $1,634,452,647Liabilities 2024: $1,602,621,975Net Assets 2024: $31,830,6722024

Highlighted filing

2013

Assets$1,487,171,859
Liabilities$659,009,039
Net Assets$828,162,820
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0B$500M$0-$500MExpenses 2010: $10,749,9142010Expenses 2011: $975,1362011Revenue 2012: $19,243,559Expenses 2012: $41,398,104Net Income 2012: -$22,154,5452012Expenses 2013: $2,004,0002013Revenue 2014: $54,094,478Expenses 2014: $3,222,856Net Income 2014: $50,871,6222014Revenue 2015: $37,751,968Expenses 2015: $7,859,371Net Income 2015: $29,892,5972015Revenue 2016: $2,877,821Expenses 2016: $7,304,043Net Income 2016: -$4,426,2222016Revenue 2017: $55,052,982Expenses 2017: $6,196,547Net Income 2017: $48,856,4352017Revenue 2018: $603,474,938Expenses 2018: $476,337,839Net Income 2018: $127,137,0992018Revenue 2019: $599,341,349Expenses 2019: $695,383,340Net Income 2019: -$96,041,9912019Revenue 2020: $534,049,241Expenses 2020: $742,766,413Net Income 2020: -$208,717,1722020Revenue 2021: $562,187,138Expenses 2021: $741,697,972Net Income 2021: -$179,510,8342021Revenue 2022: $611,657,602Expenses 2022: $741,567,482Net Income 2022: -$129,909,8802022Revenue 2023: $531,571,803Expenses 2023: $619,770,704Net Income 2023: -$88,198,9012023Revenue 2024: $406,600,464Expenses 2024: $514,223,473Net Income 2024: -$107,623,0092024

Highlighted filing

2013

Revenue-
Expenses$2,004,000
Net Income-
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Feb 17, 2014
Return Version
2012v2.3
Gross Receipts
$2,565,708,144
Mission and Program Overview

Mission

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 is a non-profit healthcare system consisting of directly and indirectly controlled entities (see form 990, schedule r for a listing of affilites), including but not limited to brandywine hospital, chestnut hill hospital, jennersville hospital, phoenixville hospital, and pottstown hospital. Tower health provides charitable community-based healthcare services and programs to improve the health and well-being of the people and communities it serves.

Filing and Contact Details

Filer

EIN
23-2201344
Raw XML AppendixShowing 400 of 870 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Description0REINVESTING RESOURCES INTO THE HEALTH OF OUR COMMUNITY: (SEE SCHEDULE O) ASK SOMEONE TO DEFINE A HEALTH SYSTEM'S ROLE IN THE COMMUNITY, AND MOST OFTEN YOU HEAR ABOUT SERVICES AND DEPARTMENTS, OR ABOUT DOCTORS, NURSES AND OTHER CAREGIVERS. IN ADDITION TO ITS PRIMARY ROLE AS A PROVIDER OF DIRECT CARE, READING HEALTH SYSTEM 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. WE ARE PROUD TO REPORT THAT IN OUR LAST FISCAL YEAR, WE COMMITTED APPROXIMATELY 151 MILLION TO THIS CAUSE. OUR CAREGIVERS AND SUPPORT STAFF PARTICIPATE IN HEALTH EDUCATION, FREE SCREENINGS, AND IMMUNIZATIONS. THEY SUPPORT ACTIVITIES FOR INDIVIDUALS WITH SERIOUS OR CHRONIC HEALTH CONDITIONS, ADVANCE SELF-CARE BY INCREASING HEALTHCARE KNOWLEDGE, AND ADDRESS SPECIFIC COMMUNITY NEEDS THROUGH AN ARRAY OF OTHER EDUCATIONAL, SERVICE AND OUTREACH ACTIVITIES. HERE ARE A FEW EXAMPLES OF WHY THESE PROGRAMS REPRESENT THE BEST OF ALL OF US, WORKING TOGETHER FOR THE HEALTH OF OUR COMMUNITY. MAKING BERKS COUNTY EVEN MORE HEARTSAFE HEARTSAFE BERKS COUNTY IS AN INNOVATIVE PROGRAM THAT PLACES AUTOMATIC EXTERNAL DEFIBRILLATORS (AEDS) IN KEY INSTITUTIONS THROUGHOUT THE COUNTY. AN AED CAN HELP REVIVE A PERSON WHOSE HEART HAS STOPPED BEFORE EMERGENCY MEDICAL PERSONNEL ARRIVE. THROUGH THE NEW EMPLOYEE ENGAGEMENT INITIATIVE, READING HEALTH EMPLOYEES GET THE OPPORTUNITY TO TAKE PAID TIME TO PARTICIPATE IN ONE COMMUNITY VOLUNTEER ACTIVITY EACH YEAR. SCREENINGS FOR BETTER HEALTH SCREENING TESTS CAN HELP FIND CANCER AT AN EARLY STAGE, BEFORE SYMPTOMS APPEAR. AS THE NATIONAL CANCER INSTITUTE EXPLAINS, WHEN ABNORMAL TISSUE OR CANCER IS FOUND EARLY, IT MAY BE EASIER TO TREAT OR CURE. EACH YEAR, WE OFFER POTENTIALLY LIFE-SAVING FREE CANCER SCREENINGS. THEY INCLUDE BREAST, CERVICAL, PROSTATE, SKIN, AND ORAL CANCERS. NOW IN ITS SEVENTH YEAR, OUR INJURY PREVENTION PROGRAM REACHES THOUSANDS OF AREA RESIDENTS, EDUCATING THEM IN SAFETY AS A WAY OF LIFE. THE GOAL IS TO PREVENT THOSE ACCIDENTS AND INJURIES THAT RESULT IN THE HIGHEST PATIENT VOLUME IN OUR TRAUMA CENTER. OUR TRAUMA CENTER'S EDUCATION COORDINATOR PARTICIPATES IN AND RECRUITS STAFF TO HELP WITH PROGRAMS SUCH AS: ""DARE TO PREPARE," A PROGRAM IN PARTNERSHIP WITH AAA AND THE PENNSYLVANIA DEPARTMENT OF TRANSPORTATION, WHICH ASSISTS PARENTS IN PREPARING TEENS FOR DRIVING BY REVIEWING RISKS AND DISTRACTIONS FOR NEW DRIVERS. "VISITS TO ELEMENTARY SCHOOLS TO REVIEW SAFETY ISSUES ON THE PLAYGROUND AND SCHOOL BUSES, AS WELL AS TO PROMOTE THE USE OF BIKE HELMETS. ""CARFIT" EDUCATIONAL EVENTS FOR OLDER DRIVERS, WHICH REVIEW A SENIOR'S DRIVING SKILLS AND DISTRACTIONS ON THE ROAD. AGING BODIES ARE MORE FRAGILE AND VULNERABLE IN A CAR CRASH, SO MAKING SURE A CAR IS PROPERLY "FITTED" FOR A SENIOR DRIVER GREATLY INCREASES THE DRIVER'S SAFETY. "FIRST AID STATIONS AT MAJOR COMMUNITY EVENTS, SUCH AS THE READING FAIR, MAPLE GROVE RACEWAY EVENTS, AND MID-ATLANTIC AIR MUSEUM'S WORLD WAR II WEEKEND. CREATING GREATER ACCESS IN PARTNERSHIP WITH LEADING COMMUNITY ORGANIZATIONS, READING HEALTH SYSTEM HELPED CREATE A FEDERALLY QUALIFIED HEALTH CENTER IN DOWNTOWN READING. THE NEW BERKS COMMUNITY HEALTH CENTER, LOCATED AT THE SITE OF THE FORMER READING HEALTH DISPENSARY, OPENED IN JUNE. A FORMAL MEMORANDUM OF AGREEMENT TRANSFERRED THE OPERATIONS OF THE DISPENSARY FROM READING HOSPITAL TO THE BOARD OF BCHC. BECAUSE FEDERALLY QUALIFIED HEALTH CENTERS RECEIVE HIGHER REIMBURSEMENT AND GRANTS FROM THE FEDERAL GOVERNMENT, THIS MOVE SHOULD RESULT IN GREATER ACCESS IN TERMS OF BOTH NUMBER OF PATIENTS SERVED AND TYPES OF SERVICES OFFERED TO UNDERSERVED MEMBERS OF THE COMMUNITY. ASKING THE QUESTIONS READING HEALTH SYSTEM JOINED WITH ST. JOSEPH MEDICAL CENTER, UNITED WAY OF BERKS COUNTY, AND BERKS COMMUNITY FOUNDATION TO CONDUCT A QUANTITATIVE SURVEY OF COMMUNITY NEEDS. UNDER THE GUIDANCE OF A COMMUNITY HEALTH NEEDS
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Document Assets

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Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,487,171,859
Liabilities
$659,009,039
Net assets
$828,162,820
Revenue
-
Expenses
$2,004,000
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1,634$1,603$31.8$407$514$108
2023Detailed filing. Detailed filing data is available for this year.$1,706$1,616$90.0$532$620$88.2
2022Detailed filing. Detailed filing data is available for this year.$1,615$1,666$50.4$612$742$130
2021Detailed filing. Detailed filing data is available for this year.$1,568$1,725$158$562$742$180
2020Detailed filing. Detailed filing data is available for this year.$1,916$1,784$133$534$743$209
2019Detailed filing. Detailed filing data is available for this year.$1,785$1,279$506$599$695$96.0
2018Detailed filing. Detailed filing data is available for this year.$2,024$1,242$782$603$476$127
2017Detailed filing. Detailed filing data is available for this year.$1,506$618$888$55.1$6.20$48.9
2016Detailed filing. Detailed filing data is available for this year.$1,450$646$804$2.88$7.30$4.43
2015Detailed filing. Detailed filing data is available for this year.$1,479$639$840$37.8$7.86$29.9
2014Detailed filing. Detailed filing data is available for this year.$1,574$647$927$54.1$3.22$50.9
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,487$659$828$2.00
2012Summary only. Only limited summary data is available for this year.$1,398$686$712$19.2$41.4$22.2
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,415$600$815$0.98
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,357$605$753$10.7