READING, PA
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)TOWER HEALTH, founded in 1982, is a major nonprofit in the Health Care sector that reported $531.6M in total revenue in fiscal year 2022. Revenue decreased 13% compared to the prior year. Expenses of $619.8M exceeded revenue, resulting in a 17% operating deficit.
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 (PARENT) IS A NON-PROFIT HEALTHCARE SYSTEM THAT PROVIDES CHARITABLE COMMUNITY-BASED HEALTHCARE SERVICES AND PROGRAMS TO IMPROVE THE HEALTH AND WELL-BEING OF THE PEOPLE AND THE COMMUNITIES IT SERVES IN THE GREATER BERKS, MONTGOMERY AND CHESTER AREAS THROUGH ITS SUBSIDIARIES (SEE FORM 990, SCHEDULE R). SUBSIDIARIES INCLUDE BUT ARE NOT LIMITED TO CHESTNUT HILL HOSPITAL, PHOENIXVILLE HOSPITAL, AND POTTSTOWN HOSPITAL, THE THREE OF WHICH ARE HELD IN SINGLE MEMBER LLCS THAT TOWER HEALTH IS THE SOLE MEMBER OF. AS A RESULT, THESE ARE TREATED AS DISREGARDED ENTITIES AND ALL OF THEIR INCOME AND ACTIVITIES ARE REPORTED ON TOWER HEALTH'S FORM 990. AS A PROVIDER OF DIRECT CARE, TOWER HEALTH ADDRESSES ISSUES OUTSIDE THAT REALM THAT IMPACT HEALTH AND WELLNE
ER/NURSING INPATIENT & OUTPATIENT PROGRAM: CHESTNUT HILL HOSPITAL: CHESTNUT HILL HOSPITAL (CHH) EMERGENCY DEPARTMENT PROVIDES EMERGENCY, URGENT AND PRIMARY CARE SERVICES TO THE COMMUNITY "24/7/365"...
ER/NURSING INPATIENT & OUTPATIENT PROGRAM: CHESTNUT HILL HOSPITAL: CHESTNUT HILL HOSPITAL (CHH) EMERGENCY DEPARTMENT PROVIDES EMERGENCY, URGENT AND PRIMARY CARE SERVICES TO THE COMMUNITY "24/7/365", REGARDLESS OF ABILITY TO PAY. CHH PROVIDES IMMEDIATE ACCESS THROUGH ITS EMERGENCY DEPARTMENT TO ALL SPECIALTY AREAS. CHH REMAINS COMMITTED TO THEIR GOAL OF SEEING PATIENTS IN 30 MINUTES OR LESS. EMERGENCY ROOM VISITS FOR FY23 WERE 20,643. CHESTNUT HILL HOSPITAL INPATIENT UNITS INCLUDE MEDICAL SURGICAL, TELEMETRY AND INTENSIVE CARE UNITS THAT PROVIDE ACUTE IN-PATIENT SERVICES SUCH AS LABORATORY, PHARMACY, PHYSICAL THERAPY, RESPIRATORY THERAPY, AND RADIOLOGY. TOTAL PATIENT DAYS FOR FY23 WERE 15,348. THE BEHAVIORAL HEALTH UNIT AT CHESTNUT HILL HOSPITAL PROVIDES 24 HOUR SUPERVISION, TREATMENT, STABILIZATION AND PLACEMENT FOR ADULTS AND OLDER ADULTS COPING WITH A VARIETY OF ISSUES, FOCUSING ON RETURNING THE INDIVIDUAL TO THE HIGHEST LEVEL OF FUNCTIONING POSSIBLE. TOTAL PATIENT DAYS FOR FY23 WERE 2,399. PHOENIXVILLE HOSPITAL: PHOENIXVILLE HOSPITAL EMERGENCY DEPARTMENT PROVIDES EMERGENCY, URGENT AND PRIMARY CARE SERVICES TO THE COMMUNITY "24/7/365" REGARDLESS OF ABILITY TO PAY. PHOENIXVILLE HOSPITAL ALSO PROVIDES IMMEDIATE ACCESS THROUGH ITS EMERGENCY DEPARTMENT TO ALL SPECIALTY SERVICES, FROM SURGEONS TO ALL AREAS OF SPECIALTY CARE. PHOENIXVILLE HOSPITAL HAS "24/7/365" ON-CALL CONSULTANTS FOR PEDIATRIC EMERGENCY CASES THROUGH ST. CHRISTOPHER'S HOSPITAL FOR CHILDREN. LOCAL EMS PROVIDERS RELY ON PHOENIXVILLE HOSPITAL FOR ON-GOING MEDICAL EDUCATION. EMERGENCY ROOM VISITS FOR FY23 WERE 25,542. PHOENIXVILLE HOSPITAL INPATIENT UNITS INCLUDE MEDICAL SURGICAL, TELEMETRY AND INTENSIVE CARE UNITS, LABOR AND DELIVERY, REHABILITATION, NURSERY AND NICU. THEY PROVIDE INPATIENT ACUTE SERVICES INCLUDING SUPPORT SUCH AS LABORATORY, PHARMACY, PHYSICAL THERAPY AND RADIOLOGY. TOTAL PATIENT DAYS FOR FY23 WERE 37,461. POTTSTOWN HOSPITAL: POTTSTOWN HOSPITAL EMERGENCY DEPARTMENT PROVIDES EMERGENCY, URGENT AND PRIMARY CARE SERVICES 24/7/365 TO THE COMMUNITY. THE EMERGENCY DEPARTMENT SERVES PATIENTS FROM BERKS, MONTGOMERY AND CHESTER COUNTIES. THE POTTSTOWN HOSPITAL EMERGENCY DEPARTMENT IS THE SECOND BUSIEST EMERGENCY DEPARTMENT IN MONTGOMERY COUNTY. THERE IS A FULL COMPLEMENT OF SPECIALTY SERVICES PROVIDED AT THE LOCAL AND/OR TERTIARY LEVEL WITH OUR SYSTEM HOSPITAL IN READING. EMERGENCY ROOM VISITS FOR FY23 WERE 33,103. POTTSTOWN HOSPITAL INPATIENT UNITS INCLUDE MEDICAL SURGICAL, TELEMETRY AND INTENSIVE CARE UNITS. THEY PROVIDE INPATIENT ACUTE SERVICES INCLUDING SUPPORT SUCH AS LABORATORY, PHARMACY, PHYSICAL THERAPY AND RADIOLOGY. TOTAL PATIENT DAYS FOR FY23 WERE 28,019. THE BEHAVIORAL HEALTH UNIT AT POTTSTOWN HOSPITAL PROVIDES 24/7/365 SUPERVISION, TREATMENT, STABILIZATION AND PLACEMENT FOR ADULTS AND GERIATRIC ADULTS COPING WITH A VARIETY OF ISSUES, FOCUSING ON RETURNING THE INDIVIDUAL TO THE HIGHEST LEVEL OF COGNITIVE FUNCTIONING POSSIBLE. TOTAL PATIENT DAYS FOR FY23 WERE 7,506.
OPERATING ROOM SERVICES: CHESTNUT HILL HOSPITAL: CHESTNUT HILL HOSPITAL'S SURGICAL DEPARTMENT PROVIDES SURGICAL SERVICES TO OUR COMMUNITY IN BOTH AN INPATIENT AND OUTPATIENT SETTING. SERVICES...
OPERATING ROOM SERVICES: CHESTNUT HILL HOSPITAL: CHESTNUT HILL HOSPITAL'S SURGICAL DEPARTMENT PROVIDES SURGICAL SERVICES TO OUR COMMUNITY IN BOTH AN INPATIENT AND OUTPATIENT SETTING. SERVICES INCLUDE: BARIATRICS, ENT, GASTROENTEROLOGY, GYNECOLOGY, ORTHOPEDICS, PAIN MANAGEMENT, PLASTICS, PODIATRY, PULMONOLOGY, THORACIC, UROLOGY, VASCULAR, AND GENERAL SURGERY. TOTAL PROCEDURES FOR FY23 WERE 1,639. PHOENIXVILLE HOSPITAL: PHOENIXVILLE HOSPITAL'S SURGICAL DEPARTMENT PROVIDES SURGICAL SERVICES TO THE COMMUNITY IN BOTH AN INPATIENT AND OUTPATIENT SETTING. THESE SERVICES INCLUDE: CARIOLOGY, CARDIO, THORACIS, ENT, ORTHOPEDICS, GYNECOLOGY, OBSTETRICS, UROLOGY, PAIN MANAGEMENT, PLASTIC, PODIATRY, NEURO AND GENERAL SURGERY. THE ROBOTICS SURGERY PROGRAM RECEIVED THE CENTER OF EXCELLENCE ACCREDITATION IN 2023. TOTAL PROCEDURES FOR FY23 WERE 8,316. POTTSTOWN HOSPITAL: POTTSTOWN HOSPITAL'S SURGICAL SERVICES DEPARTMENT PROVIDES EMERGENT, URGENT AND ELECTIVE SURGERIES TO THE COMMUNITY ON AN INPATIENT AND OUTPATIENT BASIS. EMERGENCY CASES CAN BE DONE 24/7/365 AND PATIENTS NEEDING A HIGHER LEVEL OF CARE CAN BE TRANSFERRED TO TERTIARY CENTERS IN THE AREA. POTTSTOWN HOSPITAL OFFERS, ORTHOPEDIC, VASCULAR, SPINE, ENT, MAXOFACIAL, PLASTIC, OB/GYN, OPHTHALMOLOGIC, UROLOGIC, PODIATRIC AND GENERAL SURGERY. TOTAL PROCEDURES FOR FY23 WERE 6,463.
RADIOLOGY/IMAGING PROGRAM: CHESTNUT HILL HOSPITAL: CHESTNUT HILL HOSPITAL RADIOLOGY DEPARTMENT PROVIDES IMAGING SERVICES TO THE COMMUNITY IN BOTH AN INPATIENT AND OUTPATIENT SETTING. THESE SERVICES...
RADIOLOGY/IMAGING PROGRAM: CHESTNUT HILL HOSPITAL: CHESTNUT HILL HOSPITAL RADIOLOGY DEPARTMENT PROVIDES IMAGING SERVICES TO THE COMMUNITY IN BOTH AN INPATIENT AND OUTPATIENT SETTING. THESE SERVICES INCLUDE BUT ARE NOT LIMITED TO PET SCANS, ULTRASOUNDS, CAT SCANS, MRIS, NUCLEAR MEDICINE, INTERVENTIONAL RADIOLOGY, AND MAMMOGRAMS. CHESTNUT HILL HOSPITAL PROVIDES FREE SCREENINGS THROUGHOUT THE COMMUNITY AND OFFERS FINANCIAL ASSISTANCE FOR MAMMOGRAMS VIA FUNDS RECEIVED AT LOCAL CHARITABLE EVENTS HOSTED/SPONSORED BY CHESTNUT HILL HOSPITAL. TOTAL PROCEDURES FOR FY23 WERE 49,493. PHOENIXVILLE HOSPITAL: PHOENIXVILLE HOSPITAL RADIOLOGY DEPARTMENT PROVIDES IMAGING SERVICES TO THE COMMUNITY IN BOTH AN INPATIENT AND OUTPATIENT SETTING IN TWO LOCATIONS. THESE SERVICES INCLUDE BUT ARE NOT LIMITED TO PET SCANS, ULTRASOUNDS, CT SCANS, MRIS, NUCLEAR MEDICINE, INTERVENTIONAL RADIOLOGY AND MAMMOGRAMS. PHOENIXVILLE HOSPITAL OFFERS FREE MAMMOGRAMS TO THE UNDERINSURED AND UNINSURED PATIENTS. TOTAL PROCEDURES FOR FY23 WERE 84,566. POTTSTOWN HOSPITAL: POTTSTOWN HOSPITAL RADIOLOGY DEPARTMENT PROVIDES IMAGING SERVICES TO THE COMMUNITY IN BOTH AN INPATIENT AND OUTPATIENT SETTING IN TWO LOCATIONS. THESE SERVICES INCLUDE BUT ARE NOT LIMITED TO PET SCANS, ULTRASOUNDS, CT SCANS, MRIS, NUCLEAR MEDICINE, INTERVENTIONAL RADIOLOGY AND MAMMOGRAMS. TOTAL PROCEDURES FOR FY23 WERE 85,135.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $531,571,803 | $611,657,602 | -0.1% |
| Expenses | $619,770,704 | $741,567,482 | -0.2% |
| Net Income | $-88,198,901 | $-129,909,880 | -0.3% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| THERESE SUCHER | FORMER EVP C | 50.00 |
|
$0 | $23,468 | $1,842,443 |
| CLINT MATTHEWS | FORMER PRES/ | 50.00 |
|
$0 | $11,881 | $1,408,968 |
| DAN AHERN | EVP BUSINESS | 50.00 |
Key Emp
|
$0 | $206,243 | $1,225,642 |
| SUZANNE WENDEROTH MD | EVP/CMO TOWE | 50.00 |
Key Emp
|
$0 | $203,065 | $1,044,163 |
| P SUE PERROTTY | CEO TOWER HE | 50.00 |
Officer
Director
|
$0 | $0 | $900,000 |
| MARY AGNEW | SVP CNO TERM | 50.00 |
Key Emp
|
$0 | $23,454 | $814,768 |
| ROBERT EHINGER | BOARD TREASU | 25.00 |
Officer
|
$0 | $89,686 | $763,149 |
| RICHARD T NEWELL JR | CEO PHOEN/PO | 50.00 |
Key Emp
|
$495,987 | $100,570 | $596,557 |
| JOHN CACCIAMANI | FORMER CEO C | 50.00 |
Key Emp
|
$483,687 | $98,491 | $582,178 |
| STEPHEN TULLMAN | FORMER CEO P | 50.00 |
|
$556,765 | $23,291 | $580,056 |
| MARK MCNASH | SVP SUPPORT | 50.00 |
Key Emp
|
$0 | $78,656 | $515,573 |
| MIKE EESLEY | CFO TH 6/22 | 50.00 |
Key Emp
|
$0 | $11,282 | $508,070 |
| JOHN CASEY MD | CEO THP | 50.00 |
Key Emp
|
$376,974 | $62,878 | $439,852 |
| RICHARD MCLAUGHLIN | VP CMO POTTS | 50.00 |
Highest
|
$392,172 | $36,973 | $429,145 |
| ROBERT MCMURTRIE | VP CMO PHOEN | 50.00 |
Highest
|
$376,668 | $29,388 | $406,056 |
| JOHN SCANLON | VP CMO CHEST | 50.00 |
Highest
|
$278,902 | $27,132 | $306,034 |
| SANDRA CRABTREE | VP CNO PHOEN | 50.00 |
Highest
|
$254,698 | $22,770 | $277,468 |
| MICHAEL SZYMANSKI | VP CFO PHOEN | 50.00 |
Key Emp
|
$243,250 | $13,314 | $256,564 |
| MICHAEL STERN | COO TH 9/22 | 50.00 |
Key Emp
|
$0 | $10,124 | $256,428 |
| ANN BLANKENHORN | VP CNO POTTS | 50.00 |
Highest
|
$164,038 | $5,349 | $169,387 |
| GARY F CONNER | FORMER EVP C | 50.00 |
|
$0 | $2,970 | $134,176 |
| TRACY DRUCKENMILLER | BOARD SECRET | 38.00 |
Officer
|
$0 | $19,532 | $125,207 |
| SEAN O'CONNELL | FORMER TREAS | 48.00 |
|
$0 | $0 | $103,052 |
| BARBARA ARNER | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| THEODORE AUMAN | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JIM BOSCOV | VICE CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANGEL HELM | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| MARY KARGBO | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| CHRIS G KRARAS | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| BRENT WAGNER MD | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| PETE MOLINARO | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| MEG MUELLER | CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| KAREN RIGHTMIRE | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM P THORNTON | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| DOUG TIEMAN | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| C THOMAS WORK | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| 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 | $531,571,803 | $619,770,704 | $1,705,834,972 | $-88,198,901 |
| 2022 | $611,657,602 | $741,567,482 | $1,615,200,431 | $-129,909,880 |
| 2021 | $562,187,138 | $741,697,972 | $1,567,530,050 | $-179,510,834 |
| 2020 | $534,049,241 | $742,766,413 | $1,916,208,118 | $-208,717,172 |
| 2019 | $599,341,349 | $695,383,340 | $1,785,046,902 | $-96,041,991 |
| 2018 | $603,474,938 | $476,337,839 | $2,024,107,424 | $127,137,099 |
Compare TOWER HEALTH with other nonprofits in Pennsylvania and across the country.