Tower Health is a 501(c)(3) organization based in Reading, Pennsylvania, registered in 1997, with $406,600,464 in FY2023 revenue. CharityIndex grades it C+, and it directs about 82% of spending to programs.
Revenue (FY2023)
$406.6M
▼ 23.5% vs prior year
Health median: $840K
Expenses (FY2023)
$514.2M
Net assets
$31.8M
Employees
3,452
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Tower Health: 82% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Tower Health: 1 mo reserves · -26% margin earns a D on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Tower Health: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Tower Health: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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The mission of tower health is to provide compassionate, accessible, high quality, cost effective healthcare to the community.
Operating room services: 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 fy24 were 9,117. 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 fy24 were 4,973.
Radiology/imaging program: 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/ct 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 fy24 were 87,802. 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/ct scans, ultrasounds, ct scans, mris, nuclear medicine, interventional radiology and mammograms. total procedures for fy24 were 89,699.
Expenses incurred in providing various other medically necessary healthcare services to all individuals in a non-discriminatory manner regardless of race, color, creed, sex, national origin, or ability to pay. services include but are not limited to: phoenixville hospital: phoenixville hospital provides outpatient services for laboratory, radiology patients and dialysis patients. cancer center patients receive outpatient services based on their treatment plan. cardio-pulmonary patients utilize the 1st floor rehabilitation gym for prescribed and monitored outpatient exercise. total procedures for fy24 were 347,708. phoenixville hospital oncology services department provides medical oncology and radiation therapy services to the community. we provide charity services to our service area who meet our charity policy guidelines. targeted therapies in our recently renovated infusion suite selectively affect only the cells related to a particular cancer, causing less damage and fewer side effects to surrounding non-cancerous cells and body systems than traditional chemotherapy drugs. phoenixville hospital actively participates in a number of preventive and treatment clinical trials through the cancer trial support unit (ctsu). total procedures for fy24 were 9,502 phoenixville hospital provides pharmacy support to all inpatients and cancer center patients with their pharmaceutical needs. pottstown hospital: pottstown hospital provides outpatient services for laboratory, radiology, wound care and pt/ot/speech therapy patients. total procedures for fy24 were 435,390 pottstown hospital cancer center provides inpatient, outpatient and infusion services to oncology patients in the community. the pottstown hospital cancer center offers a robust service line inclusive of medical and radiation oncology with rapid arc technology with linear accelerator and cyberknife capabilities. the pottstown hospital cancer center is a five-time recipient of the american college of surgeons council on cancer outstanding achievement award. there are only 4 cancer centers in the united states who have achieved this distinction. pottstown hospital actively participates in a number of preventive and trea
Revenue grew from $54.1M (FY2013) to $406.6M (FY2023) across 11 reported years.
Financial snapshot
Operating margin
-26.5%
Spent more than it raised in the latest fiscal year.
Total assets
$1.6B
Total liabilities
$1.6B
Net assets
$31.8M
Salaries & benefits
$198.6M
39% of expenses
Board members
10
9 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $406,600,464▼23.5% | $514,223,473▼17.0% | $31,830,672▼64.6% | $1,634,452,647▼4.2% | 990 |
| 2022 | $531,571,803▼13.1% | $619,770,704▼16.4% | $90,041,062▲279% | $1,705,834,972▲5.6% | 990 |
| 2021 | $611,657,602▲8.8% | $741,567,482 | -$50,394,233▲68.1% | $1,615,200,431▲3.0% | 990 |
| 2020 | $562,187,138▲5.3% | $741,697,972▼0.1% | -$157,954,362▼219% | $1,567,530,050▼18.2% | 990 |
| 2019 | $534,049,241▼10.9% | $742,766,413▲6.8% | $132,517,088▼73.8% | $1,916,208,118▲7.3% | 990 |
| 2018 | $599,341,349▼0.7% | $695,383,340▲46.0% | $505,957,312▼35.3% | $1,785,046,902▼11.8% | 990 |
| 2017 | $603,474,938▲996% | $476,337,839▲7587% | $782,400,120▼11.9% | $2,024,107,424▲34.4% | 990 |
| 2016 | $55,052,982▲1813% | $6,196,547▼15.2% | $887,809,420▲10.5% | $1,506,270,845▲3.9% | 990 |
| 2015 | $2,877,821▼92.4% | $7,304,043▼7.1% | $803,702,057▼4.3% | $1,450,160,993▼2.0% | 990 |
| 2014 | $37,751,968▼30.2% | $7,859,371▲144% | $839,871,958▼9.4% | $1,479,124,047▼6.0% | 990 |
| 2013 | $54,094,478 | $3,222,856▲60.8% | $926,581,499▲11.9% | $1,573,850,225▲5.8% | 990 |
| 2012 | — | $2,004,000▲106% | $828,162,820▲1.6% | $1,487,171,859▲5.1% | 990 |
| 2010 | — | $975,136▼90.9% | $815,132,516▲8.3% | $1,414,819,391▲4.2% | 990 |
| 2009 | — | $10,749,914 | $752,630,999 | $1,357,473,295 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Highest-paid: Ziad Osman — $501,081 (0.10% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Ziad Osman | Physician | 50 | $501,081 |
| Richard T Newell Jr | Ceo Potts Te | 50 | $478,864 |
| Richard Mclaughlin | Ceo Phoe/pot | 50 | $390,896 |
| Michael Szymanski | Vp Cfo Phoen | 50 | $296,329 |
| Sandra Crabtree | Vp Cno Phoen | 50 | $278,198 |
| John Casey Md | Ceo Thp Term | 50 | $262,820 |
| Scott Resweber | Physician | 50 | $260,007 |
| Ajay Jani | Physician | 50 | $243,426 |
| Paul Chwiecko | Physician | 50 | $237,165 |
| John Cacciamani | Former Ceo C | 0 | $195,625 |
| Angel Helm | Board Mem Te | 2 | — |
| Ann Blankenhorn | Former Cno P | 0 | — |
| Bernard Boulanger | Evp/ceo Prov | 25 | — |
| Brent Wagner Md | Board Member | 2 | — |
| Clint Matthews | Former Pres/ | 0 | — |
| Dan Ahern | Evp Business | 50 | — |
| Doug Tieman | Board Member | 2 | — |
| Jim Boscov | Vice Chair | 2 | — |
| Mark Mcnash | Svp Support | 50 | — |
| Mary Agnew | Svp Cno Term | 0 | — |
| Contractor | Services | Paid |
|---|---|---|
| Amn Healthcare Inc | Med Staff Serv | $9,659,216 |
| Na Partners In Anesthesia LLC | Anesthesia Serv | $4,673,512 |
| Society Hill Anesthesia Consultants | Anesthesia Serv | $3,341,875 |
| Virtual Radiologic Prof of Nj | Physician Serv | $1,720,669 |
| Berks Schuylkill Respiratory Spec | Med Staff Serv | $1,675,792 |
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Data for Tower Health (EIN 23-2201344) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.