READING HOSPITAL FOUNDATION (EIN 473054125) - 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

2015

Legal Domicile

Principal Officer

KATHERINE THORNTON

Phone

4846284307

Tax Period

2024-07-01 to 2025-06-30

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.

Mission

TO SUPPORT INNOVATION, EDUCATION, RESEARCH AND OVERALL IMPROVEMENT OF HEALTHCARE SERVICES IN SUPPORT OF READING HOSPITAL AND THE COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $11,342,442

Program Service Revenue $0

Investment Income $3,112,075

Other Revenue $0

TOTAL REVENUE $14,454,517

Expense Breakdown

Grants Paid $4,694,168

Salaries & Benefits $731,335

Fundraising Expenses $220,057

Program Expenses $5,347,295

Other Expenses $318,201

TOTAL EXPENSES $5,743,704

Year-over-Year Comparison

	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%

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

N/A

Volunteers

N/A

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

$752,979

Total Directors

$5,171,675

Key Employees

Highest Compensated

reported

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

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	$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

READING HOSPITAL FOUNDATION