THE READING HOSPITAL & MEDICAL CENTER SELF-INSURANCE FUND

EIN: 232087514 501(c)(3)

READING, PA

Total Revenue
$57,616
Total Expenses
$228,000
Total Assets
$11,505,869
Net Assets
N/A
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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
1983
Legal Domicile
PA
Principal Officer
CHARLES BARBERA
Phone
4846284307
Tax Period
2022-07-01 to 2023-06-30

THE READING HOSPITAL & MEDICAL CENTER SELF-INSURANCE FUND, founded in 1983, is a micro nonprofit that reported $58K in total revenue in fiscal year 2022. Revenue fell 84% from the prior year — a significant decline worth monitoring. Expenses of $228K exceeded revenue, resulting in a 296% operating deficit.

Mission

TO SUPPORT THE OPERATIONS OF THE READING HOSPITAL.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $57,616
Other Revenue $0
TOTAL REVENUE $57,616

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $228,000
Other Expenses $228,000
TOTAL EXPENSES $228,000

Year-over-Year Comparison

2022 2021 Change
Revenue $57,616 $369,915 -0.8%
Expenses $228,000 $-61,000 -4.7%
Net Income $-170,384 $430,915 -1.4%
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

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Governance

Voting Members
13
Independent Members
9
Employees
N/A
Volunteers
9

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
3
$1,072,387
Total Directors
14
$3,409,221
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES BARBERA PRESIDENT & 0.50
Officer Director
$0 $208,950 $1,072,387
SUZANNE WENDEROTH MD BOARD MEMBER 0.50
Director
$0 $203,065 $1,044,163
CECILIA SMITH DO BOARD MEMB T 0.50
Director
$0 $20,228 $498,194
JOHN CASEY MD BOARD MEMBER 0.50
Director
$0 $62,878 $439,852
OLUBUMNI OJIKUTU MD BOARD MEMBER 0.50
Director
$0 $33,402 $354,625
WILMINGTON TRUST TRUSTEE 5.00
$0 $0 $30,241
YAMIL SANCHEZ ED D BOARD MEMBER 0.50
Director
$0 $0 $0
SUSAN LOONEY JD EDD CHAIR 0.50
Officer Director
$0 $0 $0
LATRICE MUMIN EDD BOARD MEMBER 0.50
Director
$0 $0 $0
DAN LANGDON BOARD MEMBER 0.50
Director
$0 $0 $0
JOSHUA TICE MD BOARD MEMBER 0.50
Director
$0 $0 $0
MICHAEL HAAS MD BOARD MEMBER 0.50
Director
$0 $0 $0
JACQUE FETROW PHD VICE CHAIR 0.50
Officer Director
$0 $0 $0
JOHN WEIDENHAMMER BOARD MEMBER 0.50
Director
$0 $0 $0
BEN ZINTAK BOARD MEMBER 0.50
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 $57,616 $228,000 $11,505,869 $-170,384
2022 $369,915 $-61,000 $18,787,856 $430,915
2021 $467,143 $319,027 $19,454,992 $148,116
2020 $493,779 $846,970 $19,911,964 $-353,191
2019 $421,610 $768,743 $19,739,995 $-347,133
2018 $385,630 No data $19,566,350 No data
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