2024-05-14T09:37:38-04:00 2023-06-30 135565207 KPMG LLP 1601 MARKET STREET PHILADELPHIA PA 19103 990 2022-07-01 232087514 THE READING HOSPITAL & MEDICAL CENTER SELF-INSURANCE FUND READ 4846284307 PO BOX 16052 READING PA 196126052 P SUE PERROTTY CEO TOWER HEALTH 4846284307 2024-05-14 true P SUE PERROTTY 999009999 false PHILLIP E GROFF P01247783 2672567000 2024-05-14 2022 2023-04-26 12:10:37Z CHARLES BARBERA PO BOX 16052 READING PA 196126052 21938291 false X X 1983 PA TO SUPPORT THE OPERATIONS OF THE READING HOSPITAL. 13 9 0 9 0 0 0 369915 57616 0 369915 57616 0 0 0 0 0 -61000 228000 -61000 228000 430915 -170384 18787856 11505869 18787856 11505869 0 TO SUPPORT THE OPERATIONS OF THE READING HOSPITAL. false false 228000 PAYMENTS OF GENERAL AND PROFESSIONAL LIABILITY CLAIMS: THE SELF-INSURANCE FUND IS A RESERVE USED EXCLUSIVELY FOR THE ASSOCIATED COSTS OF PROFESSIONAL AND GENERAL LIABILITY CLAIMS BROUGHT AGAINST THE READING HOSPITAL, A 501 (C)(3) ORGANIZATION. 228000 true false false false false false false false false false false false false false true true true true false false false false false false false false false false false true false false false false false false false false false false false false false true true false false false true 0 0 0 false false false false false false false false false false false false false false X 13 9 false true false false false true true true false false false true true true true true true true true false PA X JOSHUA TICE MD 4846284307 PO BOX 16052 READING PA 196126052 CHARLES BARBERA PRESIDENT & 0.50 54.00 X X 0 863437 208950 SUZANNE WENDEROTH MD BOARD MEMBER 0.50 52.00 X 0 841098 203065 CECILIA SMITH DO BOARD MEMB T 0.50 50.00 X 0 477966 20228 JOHN CASEY MD BOARD MEMBER 0.50 52.00 X 0 376974 62878 OLUBUMNI OJIKUTU MD BOARD MEMBER 0.50 50.00 X 0 321223 33402 WILMINGTON TRUST TRUSTEE 5.00 X 0 30241 0 YAMIL SANCHEZ ED D BOARD MEMBER 0.50 2.00 X 0 0 0 SUSAN LOONEY JD EDD CHAIR 0.50 2.00 X X 0 0 0 LATRICE MUMIN EDD BOARD MEMBER 0.50 2.00 X 0 0 0 DAN LANGDON BOARD MEMBER 0.50 2.00 X 0 0 0 JOSHUA TICE MD BOARD MEMBER 0.50 2.00 X 0 0 0 MICHAEL HAAS MD BOARD MEMBER 0.50 2.00 X 0 0 0 JACQUE FETROW PHD VICE CHAIR 0.50 2.00 X X 0 0 0 JOHN WEIDENHAMMER BOARD MEMBER 0.50 4.00 X 0 0 0 BEN ZINTAK BOARD MEMBER 0.50 2.00 X 0 0 0 2910939 528523 false true false 301640 301640 21636651 21880675 -244024 -244024 -244024 57616 57616 CLAIMS PAID 228000 228000 228000 228000 0 0 2809279 590801 65804 54992 15912773 10860076 18787856 11505869 18787856 11505869 18787856 11505869 X 0 0 18787856 11505869 -170384 170384 X false true X true false X X 1 READING HOSPITAL READING HOSPITAL 231352204 3 true 0 0 1 0 true false false false false false false false false false false false false false false true DUE TO READING HOSPITAL 11505869 11505869 X -112768 -170384 -170384 57616 57616 228000 228000 228000 SCHEDULE D, PAGE 3, PART X THE ORGANIZATION IS INCLUDED IN TOWER HEALTH AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS. THE FOLLOWING TEXT IS FROM THE ASC 740 (FIN 48) FOOTNOTE. THE SYSTEM IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. ON SUCH A BASIS, THE EXEMPT ENTITIES DO NOT INCUR LIABILITY FOR FEDERAL INCOME TAXES, EXCEPT IN THE CASE OF UNRELATED BUSINESS INCOME. THE SYSTEM EVALUATES UNCERTAIN TAX POSITIONS USING A TWO-STEP APPROACH FOR RECOGNIZING AND MEASURING TAX BENEFITS TAKEN OR EXPECTED TO BE TAKEN IN AN UNRELATED BUSINESS ACTIVITY TAX RETURN AND DISCLOSURES REGARDING UNCERTAINTIES IN TAX POSITIONS. NO ADJUSTMENTS TO THE CONSOLIDATED FINANCIAL STATEMENTS WERE REQUIRED AS A RESULT OF THIS EVALUATION. false true false false false false false false false CHARLES BARBERA PRESIDENT & CEO 661541 55207 146689 182071 26879 1072387 71418 SUZANNE WENDEROTH MD BOARD MEMBER 658407 83401 99290 176245 26820 1044163 97970 CECILIA SMITH DO BOARD MEMB TERM 9/22 432801 45165 10675 9553 498194 JOHN CASEY MD BOARD MEMBER 374994 1980 44245 18633 439852 OLUBUMNI OJIKUTU MD BOARD MEMBER 306939 14284 6523 26879 354625 SCHEDULE J, PAGE 1, PART I, LINE 4 CHARLES BARBERA 0 71,418 0 SUZANNE WENDEROTH, MD 0 97,970 0 SCHEDULE J, PART III PART I, LINE 4B THE 457(F) PLAN IS A TAX-DEFERRED RETIREMENT PLAN CONSISTING OF EMPLOYER CONTRIBUTIONS THAT ARE DESIGNED TO HELP SUPPLEMENT THE RETIREMENT SAVINGS FOR KEY EMPLOYEES. THE EMPLOYEE IS IMMEDIATELY ELIGIBLE TO RECEIVE READING HOSPITAL CONTRIBUTIONS TO THE 457(F) DEFERRED COMPENSATION PLAN. THE EMPLOYEE MUST BE EMPLOYED ON DECEMBER 31 TO RECEIVE THE EMPLOYER CONTRIBUTION FOR THAT PLAN YEAR. THE EMPLOYEE SHALL BECOME 100% VESTED IN THE EMPLOYER CONTRIBUTION FOR THAT PLAN YEAR THREE YEARS AFTER THE CONTRIBUTION HAS BEEN MADE TO THE ACCOUNT. THE EMPLOYEE WILL ALSO BECOME 100% VESTED IN ALL OF THE EMPLOYER CONTRIBUTIONS: 1) UPON ATTAINING THE AGE 65 WHILE STILL EMPLOYED BY READING HOSPITAL 2) DUE TO DEATH OR DISABILITY 3) UPON TERMINATION OF EMPLOYMENT WITHOUT CAUSE PARTICIPATION IN PLAN: THE FOLLOWING INDIVIDUAL PARTICIPATED IN THE 457(F) DEFERRED COMPENSATION PLAN DURING THE CALENDAR YEAR 2022 BUT DID NOT RECEIVE A DISTRIBUTION. JOHN D. CASEY, MD THIS ORGANIZATION DOES NOT PAY THE COMPENSATION REPORTED FROM RELATED ENTITIES. THE COMPENSATION OF EXECUTIVES IS DETERMINED BY READING HOSPITAL'S BOARD OF DIRECTORS, WHICH 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 1, PART I, LINE 6 ALL VOLUNTEERS ARE UNCOMPENSATED MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI LINE 9 - TRUSTEES WHO CANNOT BE REACHED WILMINGTON TRUST RODNEY SQUARE NORTH 1100 NORTH MARKET STREET WILMINGTON, DE 19890-001 FORM 990, PAGE 6, PART VI, LINE 3 THE MANAGEMENT OF THE TRUST IS CONDUCTED BY WILMINGTON TRUST IN ACCORDANCE WITH AND SUBJECT TO THE CONDITIONS OF THE TRUST AGREEMENT. THE TRUST AGREEMENT PROVIDES THAT THE READING HOSPITAL'S SELF-INSURANCE PROGRAM ADMINISTRATOR IS EMPOWERED TO DIRECT THE TRUSTEE TO MAKE PAYMENTS FROM THE TRUST ESTATE TO SUCH PERSONS, IN SUCH MANNER, AND IN SUCH AMOUNTS AS SHALL BE REQUIRED BY LAW. FORM 990, PAGE 6, PART VI, LINE 7A THE SOLE MEMBER OF THE TRUST (HEREIN REFERRED TO AS "MEMBER") SHALL BE READING HOSPITAL. THE MANAGEMENT OF THE TRUST SHALL BE VESTED IN THE BOARD OF DIRECTORS ELECTED BY THE MEMBER. FORM 990, PAGE 6, PART VI, LINE 7B THE MANAGEMENT OF THE TRUST SHALL BE VESTED IN THE BOARD OF DIRECTORS ELECTED BY THE MEMBER WHO IS READING HOSPITAL. FORM 990, PAGE 6, PART VI, LINE 8B NO COMMITTEE OF THE BOARD SHALL, OTHER THAN PURSUANT TO RESOLUTION OF THE BOARD OR OTHERWISE, EXERCISE ANY OF THE POWERS OR AUTHORITY VESTED BY THE BYLAWS IN THE BOARD AS SUCH, BUT ANY COMMITTEE OF THE BOARD MAY MAKE RECOMMENDATIONS TO THE BOARD CONCERNING THE BOARD'S EXERCISE OF SUCH POWERS AND AUTHORITY. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS PREPARED BY HOSPITAL STAFF AND REVIEWED BY EXTERNAL TAX ADVISORS, PRIOR TO FILING WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C IT SHALL BE THE POLICY OF THE HOSPITAL AND CORRESPONDINGLY THE TRHMC SIF 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, DESCENDANT'S OR A SPOUSE OF A DESCENDANT 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. PROCEDURES FOR ADDRESSING A CONFLICT OF INTEREST: A. AFTER THE BOARD OR COMMITTEE HAS DETERMINED THAT A MEMBER IS INDEED CONFLICTED, THE CONFLICTED PERSON MAY BE COUNTED IN DETERMINING WHETHER THERE IS A QUORUM TO ACT, BUT MAY NOT VOTE UPON THE MATTER. THE CONFLICTED MEMBER, OR A CONFLICTED OFFICER WHO IS NOT A MEMBER, MAY NEVERTHELESS MAKE A PRESENTATION TO THE BOARD OR COMMITTEE ON THE MATTER BUT, AFTER THE PRESENTATION, THE CONFLICTED PERSON SHALL LEAVE THE MEETING DURING THE DISCUSSION OF AND VOTE ON THE MATTER. B. THE BOARD OR COMMITTEE CHAIR MAY APPOINT ONE OR MORE DISINTERESTED PERSONS TO INVESTIGATE POSSIBLE RESOLUTIONS OF THE MATTER THAT ARE DEVOID OF THE CONFLICT OF INTEREST. C. THE BOARD OR COMMITTEE SHALL EXERCISE DUE DILIGENCE TO DETERMINE WHETHER READING HOSPITAL CAN ADDRESS THE MATTER MORE ADVANTAGEOUSLY BY MEANS THAT AVOID THE CONFLICT OF INTEREST. D. IF THE MATTER CANNOT BE ADDRESSED MORE ADVANTAGEOUSLY BY MEANS THAT AVOID THE CONFLICT OF INTEREST, OR IF OTHER APPROACHES TO RESOLUTION ARE IMPRACTICAL UNDER THE CIRCUMSTANCES, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE PROPOSED TRANSACTION OR CONTRACT IS IN READING HOSPITAL'S BEST INTERESTS, WHETHER IT IS FAIR AND REASONABLE, AND WHETHER TO ENTER INTO IT. E. IF THE BOARD DETERMINES THAT THERE HAS BEEN A VIOLATION OF THIS POLICY, THE BOARD SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION, WHICH MAY INCLUDE REMOVAL (IF THE INTERESTED PERSON IS A BOARD OR COMMITTEE MEMBER) OR TERMINATION (IF THE INTERESTED PERSON IS AN EMPLOYEE). INTENTIONALLY OR REPEATEDLY FAILING TO ADHERE TO THIS POLICY IS GROUNDS FOR REMOVAL FROM THE BOARD AND ITS COMMITTEES. FORM 990, PAGE 6, PART VI, LINE 15A THE ORGANIZATION DOES NOT COMPENSATE ITS OWN CEO/EXECUTIVE DIRECTOR OR OTHER OFFICERS OR KEY EMPLOYEES. THEIR POSITIONS ARE COMPENSATED BY A RELATED ORGANIZATION. READING HOSPITAL'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. TOWER HEALTH 420 SOUTH 5TH AVENUE WEST READING PA 19611 232201344 HEALTHCARE PA 501C3 12C NA false READING HOSPITAL 420 SOUTH 5TH AVENUE WEST READING PA 19611 231352204 HEALTHCARE PA 501C3 3 TOWER HLTH false THE FRIENDS OF THE READING HOSPITAL 420 SOUTH 5TH AVENUE WEST READING PA 19611 236026108 FUNDRAISE PA 501C3 10 RDG HOSP true TOWER HEALTH MEDICAL GROUP 420 SOUTH 5TH AVENUE WEST READING PA 19611 232266054 HEALTHCARE PA 501C3 3 TOWER HLTH true READING HOSPITAL FOUNDATION 420 SOUTH 5TH AVENUE WEST READING PA 19611 473054125 SUPPORTING PA 501C3 12A RDG HOSP true TOWER HEALTH AT HOME 420 SOUTH 5TH AVENUE WEST READING PA 19611 231466250 HEALTHCARE PA 501C3 3 TOWER HLTH true THAH-ADVANTAAGE HOME CARE 420 SOUTH 5TH AVENUE WEST READING PA 19611 232469319 HEALTHCARE PA 501C3 3 THAH true SOUTHERN CHESTER CNTY MED BLDG 1 1015 WEST BALTIMORE PIKE WEST GROVE PA 19390 232200841 HEALTHCARE PA N/A false false READING - UPMC JOINT VENTURE LLC 600 GRANT STREET PITTSBURGH PA 15219 814566751 HEALTHCARE PA N/A false false TOWER HEALTH PPO FKA BHP PO BOX 14744 READING PA 19612 232430798 PPO PA NA C CORP false MEDICUS RESOURCE MANAGEMENT PO BOX 14744 READING PA 19612 232565297 CM REVIEW PA NA C CORP false TOWER HEALTH RECIPROCAL RISK 151 MEETING STREET SUITE 301 CHARLESTON SC 29401 822758845 INSURANCE SC NA C CORP false false false false false false false false false false false false false false false true false false false false