Civic Intelligence

Reading Health System

990T • Fiscal year 2022 • EIN 23-2201344

Jul 01, 2021 to Jun 30, 2022 • Filed on May 11, 2023

Organization ProfileWWW.TOWERHEALTH.ORG

View Organization Page

PO Box 16052Reading, PA 19612-6052

(484) 628-8000

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Balance Sheet

Assets

-

No earlier filing loaded for comparison.

Net Assets

-

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses

Revenue

-

No earlier filing loaded for comparison.

Expenses

-

No earlier filing loaded for comparison.

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.

$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

Latest loaded filing

2024

Assets$1,634,452,647
Liabilities$1,602,621,975
Net Assets$31,830,672
Open 2024 Filing

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

Latest loaded filing

2024

Revenue$406,600,464
Expenses$514,223,473
Net Income-$107,623,009
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 11, 2023
Return Version
2021v4.3
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

Filer Name
Tower Health
EIN
23-2201344
Phone
4846288000
Address
PO BOX 16052, READING, PA 19612-6052

Signing Officer

Name
P Sue Perrotty
Title
President/CEO
Phone
4846288000
Signed
2023-05-11
Discuss with paid preparer
Yes

Preparer

Firm
Kpmg Llp
Address
1601 MARKET STREET, PHILADELPHIA, PA 19103-2499
Preparer
Tess Fanning
Phone
2672567000
Raw XML Appendix171 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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ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990TFacts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
-
Liabilities
-
Net assets
-
Revenue
-
Expenses
-
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
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.
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