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← READING HOSPITAL FOUNDATION

Form 990 for tax year 2024

Filed by READING HOSPITAL FOUNDATION.

Totals

Total revenue
$14,454,517
Total expenses
$5,743,704
Contributions and grants received
$11,342,442
Grants paid
$4,694,168
Program service revenue
$0
Investment income
$3,112,075
Other revenue
$0
Total assets, end of year
$59,182,100
Total liabilities, end of year
$304,400
Net assets or fund balances, end of year
$58,877,700
Program services expenses (Part IX)
$5,347,295
Management and general expenses
$176,352
Fundraising expenses
$220,057
Program service expenses (Part III)
$5,347,295

Program services were 93.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MICHAEL STERN

    BOARD MEMBER

    Total calculated
    $1,565,707
    From this org
    $0
    From related orgs
    $1,273,341
    Other
    $292,366
    Hours/week
    2 + 52 related

    Schedule J breakdown matched by us

    Base
    not reported + $926,352 related
    Bonus
    not reported + $346,299 related
    Other
    not reported + $690 related
    Deferred
    not reported + $258,325 related
    Nontaxable benefits
    not reported + $34,041 related
    Filer's total
    not reported + $1,565,707 related

  • DAN AHERN

    BOARD MEMB T

    Total calculated
    $1,306,746
    From this org
    $0
    From related orgs
    $1,090,396
    Other
    $216,350
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    not reported + $660,169 related
    Bonus
    not reported + $248,306 related
    Other
    not reported + $181,921 related
    Deferred
    not reported + $181,533 related
    Nontaxable benefits
    not reported + $34,817 related
    Filer's total
    not reported + $1,306,746 related

  • CHARLES BARBERA MD

    BOARD MEMBER

    Total calculated
    $1,229,468
    From this org
    $0
    From related orgs
    $990,066
    Other
    $239,402
    Hours/week
    2 + 52.5 related

    Schedule J breakdown matched by us

    Base
    not reported + $688,891 related
    Bonus
    not reported + $246,102 related
    Other
    not reported + $55,073 related
    Deferred
    not reported + $205,055 related
    Nontaxable benefits
    not reported + $34,347 related
    Filer's total
    not reported + $1,229,468 related

  • KATHERINE THORNTON

    PRESIDENT OF

    Total calculated
    $418,714
    From this org
    $367,602
    From related orgs
    $0
    Other
    $51,112
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $272,447
    Bonus
    $64,552
    Other
    $30,603
    Deferred
    $39,069
    Nontaxable benefits
    $12,043
    Filer's total
    $418,714

  • VINTI SHAH DO

    SECRETARY

    Total calculated
    $334,265
    From this org
    $0
    From related orgs
    $310,676
    Other
    $23,589
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    not reported + $226,337 related
    Bonus
    not reported + $57,040 related
    Other
    not reported + $27,299 related
    Deferred
    not reported + $4,189 related
    Nontaxable benefits
    not reported + $19,400 related
    Filer's total
    not reported + $334,265 related

  • ANTHONY DONATO MD

    BOARD MEMBER

    Total calculated
    $316,775
    From this org
    $0
    From related orgs
    $270,578
    Other
    $46,197
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    not reported + $221,303 related
    Bonus
    not reported + $10,815 related
    Other
    not reported + $38,460 related
    Deferred
    not reported + $11,972 related
    Nontaxable benefits
    not reported + $34,225 related
    Filer's total
    not reported + $316,775 related

  • CHRISSY AUMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • PAULA BARRETT

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • MARY ELLEN BATMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • BRIAN BOLAND

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JAMES BOSCOV

    BOARD MEMB T

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • RICHARD CLOSE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • PAUL COHN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • PETER CONNORS

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • MIKE ROMEO DO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • RICHARD EHST

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • KRISTI GAGE-LINDERMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • VICTOR HAMMEL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • CHRIS KRARAS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • P SUE PERROTTY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • KAREN RIGHTMIRE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JOHN SCHOLL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • NATASHJA SZORTYKA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DOUG TIEMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • MIKE TOLEDO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JOHN WEIDENHAMMER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 2.5 related

  • BUNNY ZINTAK

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 4
DAN AHERN 0 160,078 0 CHARLES BARBERA, MD 0 53,093 0 KATHERINE THORNTON 0 29,437 0
SCHEDULE J, PART III
SCHEDULE J, PART I, LINE 3 TOP MANAGEMENT COMPENSATION: AS PROVIDED IN THE FORM 990, SCHEDULE J INSTRUCTIONS, SINCE THE ORGANIZATION RELIES ON A RELATED ORGANIZATION WHICH USES ONE OR MORE OF THE METHODS DESCRIBED IN LINE 3 TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION, THIS QUESTION HAS BEEN LEFT UNANSWERED. REFER TO SCHEDULE O FOR A DESCRIPTION OF THE COMPENSATION REVIEW AND APPROVAL PROCESS. SCHEDULE J, PART I, LINE 4B TERMS AND CONDITIONS OF PLAN: 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 TOWER HEALTH CONTRIBUTIONS TO THE 457(F) DEFERRED COMPENSATION PLAN. THE EMPLOYEE MUST BE EMPLOYED BY DECEMBER 31ST 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 TOWER HEALTH 2) DUE TO DEATH OR DISABILITY 3) UPON TERMINATION OF EMPLOYMENT WITHOUT CAUSE

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.0
Source object
202611359349307466

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