READING, PA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)READING HOSPITAL FOUNDATION, founded in 2015, is a mid-sized nonprofit in the Health Care sector that reported $14.5M in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.7M, a strong 60% operating margin.
TO SUPPORT INNOVATION, EDUCATION, RESEARCH AND OVERALL IMPROVEMENT OF HEALTHCARE SERVICES IN SUPPORT OF READING HOSPITAL AND THE COMMUNITY.
THE READING HOSPITAL FOUNDATION ACHIEVED REMARKABLE SUCCESS IN FY25, ADVANCING PATIENT CARE THROUGH STRATEGIC FUNDRAISING INITIATIVES THAT ADDRESSED CRITICAL HEALTHCARE NEEDS ACROSS MULTIPLE SERVICE...
THE READING HOSPITAL FOUNDATION ACHIEVED REMARKABLE SUCCESS IN FY25, ADVANCING PATIENT CARE THROUGH STRATEGIC FUNDRAISING INITIATIVES THAT ADDRESSED CRITICAL HEALTHCARE NEEDS ACROSS MULTIPLE SERVICE AREAS. THE FOUNDATION'S FLAGSHIP ACCOMPLISHMENT WAS SECURING FUNDING FOR A NEW ELECTROPHYSIOLOGY (EP) LAB, BRINGING STATE-OF-THE-ART CARDIAC TECHNOLOGY TO THE COMMUNITY. THIS ADVANCED FACILITY WILL SIGNIFICANTLY ENHANCE THE HOSPITAL'S ABILITY TO DIAGNOSE AND TREAT COMPLEX HEART RHYTHM DISORDERS, PROVIDING PATIENTS WITH ACCESS TO CUTTING-EDGE CARDIOVASCULAR CARE WITHOUT THE NEED TO TRAVEL TO DISTANT MEDICAL CENTERS. RECOGNIZING THE VITAL CONNECTION BETWEEN NUTRITION AND WELLNESS, THE FOUNDATION LAUNCHED THE GROUNDBREAKING FOOD AS MEDICINE PROGRAM. THIS COMPREHENSIVE INITIATIVE PROVIDES PATIENTS WITH HEALTHY FOOD OPTIONS AND NUTRITIONAL EDUCATION, SPECIFICALLY TARGETING THE IMPROVEMENT OF OBESITY, DIABETES, AND HEART DISEASE OUTCOMES. THE FOUNDATION'S COMMITMENT TO SERVING VULNERABLE POPULATIONS WAS DEMONSTRATED THROUGH ITS SUPPORT OF STREET MEDICINE, ENSURING HEALTHCARE REACHES THOSE WHO MIGHT OTHERWISE GO WITHOUT MEDICAL ATTENTION. ADDITIONAL FUNDING PRIORITIES INCLUDED ADVANCING NURSING EDUCATION TO STRENGTHEN THE HOSPITAL'S WORKFORCE CAPABILITIES, UPGRADING NICU EQUIPMENT TO PROVIDE THE HIGHEST STANDARD OF CARE FOR THE REGION'S MOST FRAGILE PATIENTS, AND SUPPORTING THE REHABILITATION HOSPITAL'S MISSION TO HELP PATIENTS REGAIN INDEPENDENCE AND QUALITY OF LIFE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $14,454,517 | $10,365,030 | +0.4% |
| Expenses | $5,743,704 | $5,486,280 | +0.0% |
| Net Income | $8,710,813 | $4,878,750 | +0.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MICHAEL STERN | BOARD MEMBER | 2.00 |
Director
|
$0 | $292,366 | $1,565,707 |
| DAN AHERN | BOARD MEMB T | 2.00 |
Director
|
$0 | $216,350 | $1,306,746 |
| CHARLES BARBERA MD | BOARD MEMBER | 2.00 |
Director
|
$0 | $239,402 | $1,229,468 |
| KATHERINE THORNTON | PRESIDENT OF | 50.00 |
Officer
Director
|
$367,602 | $51,112 | $418,714 |
| VINTI SHAH DO | SECRETARY | 2.00 |
Officer
Director
|
$0 | $23,589 | $334,265 |
| ANTHONY DONATO MD | BOARD MEMBER | 2.00 |
Director
|
$0 | $46,197 | $316,775 |
| CHRISSY AUMAN | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| PAULA BARRETT | CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARY ELLEN BATMAN | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| BRIAN BOLAND | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JAMES BOSCOV | BOARD MEMB T | 2.00 |
Director
|
$0 | $0 | $0 |
| RICHARD CLOSE | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| PAUL COHN | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| PETER CONNORS | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MIKE ROMEO DO | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| RICHARD EHST | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| KRISTI GAGE-LINDERMAN | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| VICTOR HAMMEL | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| CHRIS KRARAS | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| P SUE PERROTTY | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| KAREN RIGHTMIRE | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JOHN SCHOLL | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| NATASHJA SZORTYKA | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| DOUG TIEMAN | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| MIKE TOLEDO | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JOHN WEIDENHAMMER | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| BUNNY ZINTAK | VICE CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $14,454,517 | $5,743,704 | $59,182,100 | $8,710,813 |
| 2024 | $10,365,030 | $5,486,280 | $52,486,273 | $4,878,750 |
| 2023 | $6,540,439 | $2,553,655 | $46,301,720 | $3,986,784 |
| 2022 | $4,003,191 | $2,618,899 | $40,674,865 | $1,384,292 |
| 2021 | $5,935,033 | $2,587,010 | $47,702,204 | $3,348,023 |
| 2020 | $1,514,642 | $1,495,092 | $35,868,935 | $19,550 |
| 2019 | $4,709,232 | $2,973,668 | $35,628,110 | $1,735,564 |
| 2018 | $1,846,236 | $803,563 | $32,808,032 | $1,042,673 |
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