READING HOSPITAL (EIN 231352204) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1869

Legal Domicile

Principal Officer

CHARLES BARBERA MD

Phone

4846284307

Tax Period

2022-07-01 to 2023-06-30

READING HOSPITAL, founded in 1869, is a large national nonprofit in the Health Care sector that reported $1.4B in total revenue in fiscal year 2022. Expenses of $1.2B left a modest 13% surplus.

Mission

TO PROVIDE COMPASSIONATE, ACCESSIBLE, HIGH QUALITY, COST EFFECTIVE CARE TO THE COMMUNITY: TO PROMOTE HEALTH; TO EDUCATE HEALTHCARE PROFESSIONALS; AND TO PARTICIPATE IN APPROPRIATE CLINICAL RESEARCH.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $15,558,379

Program Service Revenue $1,273,344,542

Investment Income $2,278,752

Other Revenue $91,841,756

TOTAL REVENUE $1,383,023,429

Expense Breakdown

Grants Paid $90,265

Salaries & Benefits $595,905,806

Fundraising Expenses $0

Program Expenses $1,097,355,331

Other Expenses $613,555,625

TOTAL EXPENSES $1,209,551,696

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,383,023,429	$1,290,581,797	+0.1%
Expenses	$1,209,551,696	$1,105,982,377	+0.1%
Net Income	$173,471,733	$184,599,420	-0.1%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

7180

Volunteers

197

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$2,323,330

Total Directors

$3,409,221

Key Employees

$1,817,636

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THERESE SUCHER	INT CEO TERM	0.00		$1,818,975	$23,468	$1,842,443
CLINT MATTHEWS	TH PRES/CEO	0.00		$1,397,087	$11,881	$1,408,968
CHARLES BARBERA MD	PRES & CEO	52.00	Officer Director	$863,437	$208,950	$1,072,387
SUZANNE WENDEROTH MD	BOARD MEMBER	2.00	Director	$841,098	$203,065	$1,044,163
RUSSELL H SHOWERS	SVP CHIEF OF	50.00	Highest	$1,003,461	$19,558	$1,023,019
MARY AGNEW	SVP CNO TERM	0.00		$791,314	$23,454	$814,768
MICHELLE TRUPP	COO 8/22	52.00	Key Emp	$699,751	$87,215	$786,966
ROBERT EHINGER	CFO/TREAS 12	25.00	Officer	$673,463	$89,686	$763,149
DAVID A SCHLAPPY	VP CHIEF OF	50.00	Highest	$711,102	$37,986	$749,088
MARK G MARTENS	SVP CH ACAD	50.00	Highest	$606,634	$27,471	$634,105
WEI DU	SVP CHIEF AC	50.00	Highest	$516,465	$86,144	$602,609
MARK L MCNASH	SVP SUP SERV	0.00		$436,917	$78,656	$515,573
CECILIA SMITH DO	BOARD MEMB T	2.00	Director	$0	$20,228	$498,194
LISA HESS	VP MARKETING	50.00	Highest	$425,424	$54,148	$479,572
RON NUTTING MD	CMO TERM 11/	52.00	Key Emp	$443,276	$29,362	$472,638
JOHN CASEY MD	BOARD MEMBER	2.00	Director	$0	$62,878	$439,852
MARK REYNGOUDT	CFO/TREAS TE	52.00	Officer	$354,083	$36,610	$390,693
OLUBUMNI OJIKUTU MD	BOARD MEMBER	2.00	Director	$0	$33,402	$354,625
BARBARA ROMIG	CNO 8/22	52.00	Key Emp	$321,392	$10,850	$332,242
ROSEMARY WURSTER	CNO TERM 7/2	52.00	Key Emp	$203,362	$22,428	$225,790
MIN LEE	VP OPER TERM	52.00		$128,300	$9,029	$137,329
GARY F CONNER	EVP CFO TERM	0.00		$131,206	$2,970	$134,176
DONNA WALB	SECRETARY	40.00	Officer	$84,028	$13,073	$97,101
YAMIL SANCHEZ ED D	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL HAAS	BOARD MEMBER	2.00	Director	$0	$0	$0
DAN LANGDON	BOARD MEMBER	2.00	Director	$0	$0	$0
JOSHUA TICE MD	BOARD MEMBER	2.00	Director	$0	$0	$0
LATRICE MUMIN	BOARD MEMBER	2.00	Director	$0	$0	$0
JACQUELYN FETROW PHD	VICE CHAIR	2.00	Officer Director	$0	$0	$0
SUSAN LOONEY PHD	CHAIR	2.00	Officer Director	$0	$0	$0
JOHN WEIDENHAMMER	BOARD MEMBER	2.00	Director	$0	$0	$0
BEN ZINTAK	BOARD MEMBER	2.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,383,023,429	$1,209,551,696	$1,004,570,287	$173,471,733
2022	$1,290,581,797	$1,105,982,377	$1,060,006,522	$184,599,420
2021	$1,263,841,038	$1,076,570,863	$1,056,250,681	$187,270,175
2020	$1,035,019,113	$971,538,717	$1,183,713,752	$63,480,396
2019	$1,021,434,273	$895,857,466	$1,033,939,184	$125,576,807
2018	$986,682,160	$876,260,974	$911,411,555	$110,421,186

READING HOSPITAL