Civic Intelligence

Reading Health System

990 • Fiscal year 2016 • EIN 23-2201344

Jul 01, 2015 to Jun 30, 2016 • Filed on May 09, 2017

PO Box 16052Reading, PA 19612-6052

(484) 628-4307

Siviq Scores

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

Liabilities / Assets

57th percentile

0.45x

Higher debt load relative to assets than 57% of similar nonprofits.

2016 filings • 501(c)3 • $1B+ nonprofits • Source year 2016

Liabilities / Revenue

100th percentile

224.63x

Higher debt load relative to revenue than 100% of similar nonprofits.

2016 filings • 501(c)3 • $1B+ nonprofits • Source year 2016

Net Margin

1st percentile

-154%

Higher net margin than 1% of similar nonprofits.

2016 filings • 501(c)3 • $1B+ nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

22nd percentile

-2.0%

Faster asset growth than 22% of similar nonprofits.

2016 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2015 to 2016

Revenue Growth

1st percentile

-92%

Faster revenue growth than 1% of similar nonprofits.

2016 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2015 to 2016

Assets

Down

$1,450,160,993

Down $28,963,054 (-2.0%) from 2015

Net Assets

Down

$803,702,057

Down $36,169,901 (-4.3%) from 2015

Liabilities

Up

$646,458,936

Up $7,206,847 (+1.1%) from 2015

Revenue

Down

$2,877,821

Down $34,874,147 (-92%) from 2015

Expenses

Down

$7,304,043

Down $555,328 (-7.1%) from 2015

Net Income

Down

-$4,426,222

Down $34,318,819 (-115%) from 2015

Historical Trend

Balance Sheet Trend

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

2016

Assets$1,450,160,993
Liabilities$646,458,936
Net Assets$803,702,057

Operations Trend

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

2016

Revenue$2,877,821
Expenses$7,304,043
Net Income-$4,426,222
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 9, 2017
Return Version
2015v3.0
Gross Receipts
$726,986,015
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.

As a health care system parent company, the reading health system is dedicated to providing high quality and accessible health care that meets the needs of the people and communities it serves.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$885,530,605$725,821,015▼ $159,709,590
Accounts Receivable$517,466,491$668,492,808▲ $151,026,317
Land, Buildings, and Equipment, Net$42,298,684$41,142,517▼ $1,156,167
Savings and Temporary Cash Investments$18,746,638$176▼ $18,746,462
Total Assets$1,479,124,047$1,450,160,993▼ $28,963,054
Other Assets Total$15,081,629$14,704,477▼ $377,152
Liabilities
Tax Exempt Bond Liabilities$587,902,712$583,767,729▼ $4,134,983
Other Liabilities$48,433,045$58,946,864▲ $10,513,819
Accounts Payable and Accrued Expenses$2,916,332$3,744,343▲ $828,011
Total Liabilities$639,252,089$646,458,936▲ $7,206,847
Net Assets / Fund Balance
Unrestricted Net Assets$839,871,958$803,702,057▼ $36,169,901
Total Net Assets Fund Balance$839,871,958$803,702,057▼ $36,169,901
Total Liabilities and Net Assets / Fund Balance$1,479,124,047$1,450,160,993▼ $28,963,054

Asset Categories

AssetBook ValueDepreciationBasis
Land$38,653,631-$38,653,631
Equipment$2,488,886$1,659,258$4,148,144
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Clint MatthewsPresident &-$2,544,446$2,544,446
Clint MatthewsPresident & CEO$386,231$118,033$504,264

Board Members and Trustees

NameTitle
Brent Wagner MdChairman
Victor HammelVice Chairma
Adam Sigal MdBoard Member
Anne Flynn MdBoard Member
Ben ZintakBoard Member
Brian HardBoard Member
C Thomas Work EsqBoard Member
Chris G KrarasBoard Member
David L ThunBoard Member
Glenn MoyerBoard Member
John Casey MdBoard Member
John WeidenhammerBoard Member
Karen RightmireBoard Member
Kristen Sandel MdBoard Member
Meg MuellerBoard Member
Robert Brigham MdBoard Member
Theodore AumanBoard Member
Tom Flynn PhdBoard Member
Geroge a Jenckes MdCEO of Rhp
Gary F ConnerCFO
Richard W JonesFormer CFO
Kathleen WetzelSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,340,355
Investment Income
$1,537,466
Other Revenue
$0
Change in Net Assets
$-4,426,222
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,965,040
Salaries, Compensation, and Employee Benefits$2,339,003
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees-$3,132,000-$3,132,000
Other Salaries and Wages$1,838,749--$1,838,749
Depreciation Depletion$829,629--$829,629
Other Employee Benefits$457,605--$457,605
Fees for Services Other-$343,054-$343,054
Other Expenses$117,392--$117,392
Fees for Services Legal-$80,000-$80,000
Payroll Taxes$42,649--$42,649
Insurance-$7,511-$7,511
Travel$7,463--$7,463
Total Functional Expenses$3,741,478$3,562,565$0$7,304,043
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Swap Contract$58,946,864

Bond Issues

BondIssuerIssuedIssue PricePurpose
BBerks County Muncipal Authority2012-06-28$479,354,940SEE PART VI
CThe Berks County Municipal Authorit2016-05-16$175,165,000Refund prior issue (6/28/12)
ABerks County Municipal Authority2009-07-15$132,197,073SEE PART VI

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$479,394,377$475,845,944$176,616,667$3,523,736
C$175,165,000$174,200,000-$964,718
A$132,199,246$115,519,863$26,055,000$1,712,133

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The sole member of the corporation shall consist of the members of the board of directors of the corporation.

Form 990, Page 6, Part VI, Line 7A

The management of the corporation shall be vested in the board of directors who serves as the sole member.

Form 990, Page 6, Part VI, Line 7B

The management of the corporation shall be vested in the board of directors who serve as the sole member.

Form 990, Page 6, Part VI, Line 11B

The form 990 is prepared by hospital staff,reviewed by an external tax advisor and posted on a website for board members prior to filing. Members are alerted to information and notices. A copy of the 990 is mailed to any board member unable to view this site.

Form 990, Page 6, Part VI, Line 12C

It shall be the policy of the hospital to require each board member to submit in writing to the chief executive officer a list of business or other organizations of which the member or member's spouse is an officer, director, member employee or owner (35% or greater share) with which the company might reasonably enter into a relationship or a transaction in which the board member would have conflicting interests. Each year a copy of the written statement will be sent to the board member for updating and resubmission and by which the board member shall confirm his awareness of this policy.

Form 990, Page 6, Part VI, Line 15A

The reading health system's board of directors has duly appointed an executive compensation committee (the "committee"), which is responsible for the review and approval of all compensation and benefits provided to the hospital's executive management. The committee has adopted a written executive compensation philosophy statement and an executive compensation committee charter governing the work and review process of the committee. The committee follows the procedures described in the philosophy statement and the charter when it reviews and approves the compensation and employee benefits provided to the hospital's senior management, including the chief executive officer and the chief financial officer. The committee's review analyzes every element of compensation, including current and deferred compensation, and benefits, including qualified and non-qualified benefits. The committee conducts its review and approval process at least annually, and approves compensation and benefits only to the extent that the committee has concluded that the compensation and benefits constitute no more than reasonable compensation for each executive. The committee consists entirely of disinterested members of the board, and the committee works with an independent compensation consultant to prepare and review in advance comprehensive data showing the compensation provided by similarly situated organizations for functionally similar positions. The committee also prepares a timely and thorough written record of its deliberations and conclusions. As a result, the committee's review process is designed to satisfy the procedural criteria necessary to qualify for the rebuttable presumption of reasonableness under the federal income tax law intermediate sanctions rules.

Form 990, Page 6, Part VI, Line 15B

Same response as line 15a.

Form 990, Page 6, Part VI, Line 19

The organization does not make its governing documents, conflicts of interest policy and financial statements available to the public.

Filing and Contact Details

Filer

Filer Name
Reading Health System
EIN
23-2201344
Phone
4846284307
Address
PO BOX 16052, READING, PA 19612-6052

Signing Officer

Name
Gary F Conner
Title
CFO
Phone
4846284307
Signed
2017-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Clint Matthews
Formed
1982
Legal Domicile
Pa
Voting Board Members
19
Independent Board Members
14
Employees
0
Volunteers
15

Preparer

Firm
Pricewaterhousecoopers Llp
Address
2001 MARKET ST SUITE 1800, PHILADELPHIA, PA 19103
Preparer
Pricewaterhousecoopers LLC
Phone
2673303000
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

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. Diversity and consumer engagement position was created to support reading health system's community engagement endeavors. This department will be responsible for delivery of strategic health services for underserved population. 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. 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 reading health system helps financially support berks community health center, which is a federally qualified health center. Berks community health center is located in an area that treats underserved members of our community, which results in greater access for those served. 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 assessment advisory board, these organizations engaged public health management company to conduct a health survey of berks county residents this summer. Reading hospital also conducted a separate research project targeting individuals who live in the city of reading. Results from both initiatives, along with anecdotal information on service utilization and gaps, will drive future community benefit activities. Community benefit total: 170,647,127 (fiscal year 2016) direct patient care unreimbursed medicare: 48.4 million (estimated: 49,000 individuals) the difference between medicare charges and medicare payments and the actual cost of providing patient care. Unreimbursed medicaid: 55.5 million (estimated: 37,400 individuals) the difference between medical assistance charges and medicaid payments and the actual cost of providing patient care. Bad debt: 9.2 million the cost of providing care to patients whom we believe would qualify for financial assistance under our charity care

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IRS990/ActivityOrMissionDesc0AS A HEALTH CARE SYSTEM PARENT COMPANY, THE READING HEALTH SYSTEM IS DEDICATED TO PROVIDING HIGH QUALITY AND ACCESSIBLE HEALTH CARE THAT MEETS THE NEEDS OF THE PEOPLE AND COMMUNITIES IT SERVES.
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IRS990/Desc0REINVESTING 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 170 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. DIVERSITY AND CONSUMER ENGAGEMENT POSITION WAS CREATED TO SUPPORT READING HEALTH SYSTEM'S COMMUNITY ENGAGEMENT ENDEAVORS. THIS DEPARTMENT WILL BE RESPONSIBLE FOR DELIVERY OF STRATEGIC HEALTH SERVICES FOR UNDERSERVED POPULATION. 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. 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 READING HEALTH SYSTEM HELPS FINANCIALLY SUPPORT BERKS COMMUNITY HEALTH CENTER, WHICH IS A FEDERALLY QUALIFIED HEALTH CENTER. BERKS COMMUNITY HEALTH CENTER IS LOCATED IN AN AREA THAT TREATS UNDERSERVED MEMBERS OF OUR COMMUNITY, WHICH RESULTS IN GREATER ACCESS FOR THOSE SERVED. 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 ASSESSMENT ADVISORY BOARD, THESE ORGANIZATIONS ENGAGED PUBLIC HEALTH MANAGEMENT COMPANY TO CONDUCT A HEALTH SURVEY OF BERKS COUNTY RESIDENTS THIS SUMMER. READING HOSPITAL ALSO CONDUCTED A SEPARATE RESEARCH PROJECT TARGETING INDIVIDUALS WHO LIVE IN THE CITY OF READING. RESULTS FROM BOTH INITIATIVES, ALONG WITH ANECDOTAL INFORMATION ON SERVICE UTI
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT &
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt20SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt21CEO OF RHP
IRS990/Form990PartVIISectionAGrp/TitleTxt22FORMER CFO
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IRS990/FormationYr01982
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IRS990/FundraisingActivitiesInd0false
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IRS990/IRPDocumentCnt00
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IRS990/LandBldgEquipAccumDeprecAmt01659258
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IRS990/LandBldgEquipCostOrOtherBssAmt042801775
IRS990/LegalDomicileStateCd0PA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0724108194
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IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
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IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0AS A HEALTH CARE SYSTEM PARENT COMPANY, THE READING HEALTH SYSTEM IS DEDICATED TO PROVIDING HIGH QUALITY AND ACCESSIBLE HEALTH CARE THAT MEETS THE NEEDS OF THE PEOPLE AND COMMUNITIES IT SERVES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0839871958
IRS990/NetAssetsOrFundBalancesEOYAmt0803702057
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt018630403
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt018630403
IRS990/NetUnrlzdGainsLossesInvstAmt0-31743679
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IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt015081629
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0457605
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0457605
IRS990/OtherExpensesGrp/Desc0SOFTWARE
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt0447991
IRS990/OtherExpensesGrp/ProgramServicesAmt1117392
IRS990/OtherExpensesGrp/TotalAmt0447991
IRS990/OtherExpensesGrp/TotalAmt1117392
IRS990/OtherLiabilitiesGrp/BOYAmt048433045
IRS990/OtherLiabilitiesGrp/EOYAmt058946864
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01838749
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IRS990/PartialLiquidationInd0false
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IRS990/PayrollTaxesGrp/ProgramServicesAmt042649
IRS990/PayrollTaxesGrp/TotalAmt042649
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0CLINT MATTHEWS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0621400
IRS990/ProgramServiceRevenueGrp/BusinessCd1621990
IRS990/ProgramServiceRevenueGrp/Desc0UTILIZATION MGMT FEES
IRS990/ProgramServiceRevenueGrp/Desc1JOINT VENTURES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02523782
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1-1183427
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02523782
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1-1183427
IRS990/ProgSrvcAccomActy2Grp/Desc0READING HEALTH PARTNERS (RHP) IS A LIMITED LIABILITY COMPANY THAT FOR TAX PURPOSES IS A DISREGARDED ENTITY. RHP WAS FORMED TO DEVELOP A PHYSICIAN NETWORK TO WORK IN CONJUNCTION WITH READING HEALTH SYSTEM TO IMPLEMENT A CLINICAL INTEGRATION PROGRAM. CLINICAL INTEGRATION IS THE IMPLEMENTATION OF AN ACTIVE AND ONGOING PROGRAM TO EVALUATE AND MODIFY PRACTICE PATTERNS BY THE NETWORK'S PHYSICIAN PARTICIPANTS AND CREATE A HIGH DEGREE OF INTERDEPENDENCE AND COOPERATION AMONG THE PHYSICIANS TO CONTROL COSTS AND IMPROVE THE QUALITY AND EFFICIENCY OF HEALTH CARE FOR THE NETWORK'S PHYSICIAN PARTICIPANTS AND THE ENTIRE HEALTH CARE COMMUNITY WE SERVE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt03741478
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt02523782
IRS990/ProgSrvcAccomActy3Grp/Desc0READING HEALTH SYSTEM HAS INVESTED IN VARIOUS JOINT VENTURES THAT PROVIDE DRUG INFUSION THERAPY SERVICES, BEHAVIORAL HEALTH SERVICES AND HOME HEALTH SERVICES TO OUR PATIENT POPULATION.
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0-1183427
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt033843463
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IRS990/PYSalariesCompEmpBnftPaidAmt03148987
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-4426222
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
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IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType3FuncIntGrp/AppointElectMajorityOfficerInd0true
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ExerciseDirectionPoliciesInd0true
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ParentSupportedOrgInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd0true
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd0true
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE CAPITAL COMMITTEE IS COMPRISED OF MEMBERS OF THE SUPPORTETD ORGANIZATIONS AS WELL AS THE SUPPORTING ORGANIZATION. BECAUSE OF THIS OVERLAP, THE SUPPORTED ORGANIZATIONS HAVE A SIGNIFICANT VOICE IN THE SUPPORTING ORGANIZATION'S INVESTMENT POLICIES AND IN DIRECTING THE USE OF THE ORGANIZATION'S INCOME AND ASSETS DURING THE TAX YEAR. THE CAPITAL RESOURCE COMMITTEE MEETS EVERY 2 MONTHS. INVESTMENT PRESENATATIONS ARE MADE, ISSUES ARE DISCUSSED AND MINUTES ARE TAKEN BY THE DIRECTOR OF TREASURY. ANY SUBSEQUENT FOLLOW-UP ORDERED BY THE COMMITTEE IS COORDINATED BY THE DIRECTOR OF TREASURY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE BOARD OF DIRECTORS FOR THE EACH SUPPORTED ORGANIZATION IS ELECTED BY THE READING HEALTH SYSTEM AT THE ANNUAL MEETING.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2SUPPORTING ORGANIZATIONS FOLLOW POLICIES AND PROCEDURES SET BY THE READING HEALTH SYSTEM.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION D, LINE 3
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION E, LINE 3A
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2PART IV, SECTION E, LINE 3B
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt03
IRS990ScheduleA/SupportedOrganizationsTotalCnt03
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0231352204
IRS990ScheduleA/SupportedOrgInformationGrp/EIN1232266054
IRS990ScheduleA/SupportedOrgInformationGrp/EIN2205095905

Document Assets

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Filings

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