TOWER HEALTH

EIN: 232201344 501(c)(3) Health Care

READING, PA

Total Revenue
$531,571,803
Total Expenses
$619,770,704
Total Assets
$1,705,834,972
Net Assets
$90,041,062
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
PA
Principal Officer
P SUE PERROTTY
Phone
4846284307
Tax Period
2022-07-01 to 2023-06-30

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.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $96,183,844 Revenue: $132,454,730

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"...

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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.

Program 2
Expenses: $59,052,742 Revenue: $46,789,675

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...

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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.

Program 3
Expenses: $27,646,551 Revenue: $73,170,396

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...

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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.

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Trantor Score

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $2,104,877
Program Service Revenue $418,465,699
Investment Income $84,093,302
Other Revenue $26,907,925
TOTAL REVENUE $531,571,803

Expense Breakdown

Grants Paid $0
Salaries & Benefits $243,467,772
Fundraising Expenses $0
Program Expenses $497,701,801
Other Expenses $376,302,932
TOTAL EXPENSES $619,770,704

Year-over-Year Comparison

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%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
13
Employees
4985
Volunteers
121

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
5
$1,788,356
Total Directors
14
$900,000
Key Employees
10
$6,239,795
Highest Compensated
5
reported
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
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 $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
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