Tower Health Medical Group
501(c)(3) Donations tax-deductible
91% goes to programs $0 to raise $100 Thin reserves
Tower Health Medical Group is a 501(c)(3) organization based in West Reading, Pennsylvania, registered in 1984, with $217,574,823 in FY2023 revenue. CharityIndex grades it C, and it directs about 91% of spending to programs.
420 S 5th Ave, West Reading, PA, 19611 EIN 23-2266054 Since 1984
Revenue (FY2023)
$217.6M
▼ 3.4% vs prior year
Expenses (FY2023)
$379.5M
Net assets
-$28.3M
Employees
2,039
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
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 →C+Program efficiency40% of the rating91% to programs · $0 to raise $100
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 Medical Group: 91% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · -74% margin
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 Medical Group: 0 mo reserves · -74% margin earns a F on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
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 Medical Group: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
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 Medical Group: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
The region's premier physician-directed, multispecialty group of health care professionals who participate with tower health in managing population health and promoting wellness, and delivering health care.
What they do
Our acute hospitalist program is comprised largely of internal medicine physicians along with physician assistants and nurse practitioners at multiple tower health hospital locations. during fiscal year 2024, tower health medical group's acute hospitalist program provided efficient, high- quality, evidenced-based care through 258,913 visits to our system's hospitalized patients. this program accepts both medicare and medicaid patients.
Anesthesiologists and certified registered nurse anesthetists provided medical management and anesthetic care through 50,599 inpatient and outpatient surgical, procedural and labor and delivery cases at reading hospital and three local ambulatory surgery centers in fiscal year 2024. this program accepts both medicare and medicaid patients.
Expenses incurred in providing various other healthcare services to all individuals in a non-discriminatory manner regardless of race, color, creed, sex, national origin, or ability to pay. other physician services include: revenue expense ambulatory specialties 14,364,878 22,556,634 behavioral health sciences 4,243,474 8,073,375 cardiology 18,046,408 30,928,156 emergency 22,054,715 31,154,381 neurosciences 8,506,240 17,443,054 women's healthcare 18,808,504 30,763,603 oncology 582,424 1,190,069 orthopedics 2,810,259 4,648,047 pathology 3,822,965 5,097,124 pediatrics 8,253,472 11,845,874 radiology 17,165,968 21,296,302 support services 5,837,294, 19,390,951 sugical specialists 13,777,270 26,986,928 trauma 3,044,083 7,051,546 other 56,695 8,595
Contact & location
- Address
- 420 S 5th Ave, West Reading, PA, 19611
- City
- West Reading
- State
- Pennsylvania
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $52.8M (FY2013) to $217.6M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $70.7MNet assets -$28.3M
Operating margin
-74.4%
Spent more than it raised in the latest fiscal year.
Total assets
$42.3M
Total liabilities
$70.7M
Net assets
-$28.3M
Salaries & benefits
$287.5M
76% of expenses
Board members
10
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $217,574,823▼3.4% | $379,450,350▼6.4% | -$28,321,237▼9.5% | $42,348,535▼20.2% | 990 |
| 2022 | $225,322,702▼3.3% | $405,404,761▼4.7% | -$25,859,216▲22.0% | $53,078,225▼30.7% | 990 |
| 2021 | $233,011,515▼6.9% | $425,597,979▼10.1% | -$33,138,452▼6.0% | $76,584,160▼13.7% | 990 |
| 2020 | $250,280,722▲21.4% | $473,263,446▲4.0% | -$31,277,370▲7.6% | $88,789,275▲15.8% | 990 |
| 2019 | $206,214,211▼1.9% | $454,908,487▲20.3% | -$33,839,998▼1210% | $76,675,941▲59.0% | 990 |
| 2018 | $210,101,947▲13.2% | $378,163,902▲20.4% | $3,048,255▲130% | $48,230,901▲77.4% | 990 |
| 2017 | $185,640,961▲53.8% | $313,987,269▲58.9% | -$10,040,896▼262% | $27,182,573▲20.8% | 990 |
| 2016 | $120,709,791▲9.4% | $197,618,513▲16.2% | -$2,775,418▲63.7% | $22,493,052▲10.9% | 990 |
| 2015 | $110,340,738▲109% | $170,131,798▲81.9% | -$7,655,151▼18.5% | $20,279,584▲141% | 990 |
| 2013 | $52,773,547 | $93,515,268▲27.0% | -$6,460,753▼19.4% | $8,410,023▲75.0% | 990 |
| 2012 | — | $73,622,071▲9.6% | -$5,412,359▼43.7% | $4,805,443▼1.4% | 990 |
| 2011 | — | $67,146,371▲17.2% | -$3,766,982▼30.1% | $4,874,223▲12.4% | 990 |
| 2010 | — | $57,284,671▲20.4% | -$2,896,357▼82.3% | $4,335,853▼15.9% | 990 |
| 2009 | — | $47,595,933 | -$1,588,626 | $5,152,552 | 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.
Leadership & compensation (FY2023)
Highest-paid: Earl J Hope Md — $1,056,710 (0.28% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Earl J Hope Md | Physician | 50 | $1,056,710 |
| Shahin Manoochehri Md | Physician | 50 | $1,033,991 |
| Brandon Root Md | Physician | 50 | $1,029,662 |
| Thomas G Psarros Md | Physician | 50 | $1,002,210 |
| Herman C Lawson Md | Physician | 50 | $936,140 |
| Kristin Kearney | Svp Cfo | 52 | $493,517 |
| Theresa Fink | Former Svp C | 0 | $392,345 |
| Angel Helm | Board Memb T | 2 | — |
| Bernard Boulanger Md | Evp/ceo Prov | 25 | — |
| Brent Wagner Md | Board Member | 2 | — |
| Clint Matthews | Former Pres/ | 0 | — |
| Doug Tieman | Board Member | 2 | — |
| Jim Boscov | Vice Chair | 2 | — |
| Mary Kargbo | Board Member | 2 | — |
| Meg Mueller | Chair | 2 | — |
| Mike Eesley | Treasurer 7/ | 2 | — |
| Pete Molinaro | Board Member | 2 | — |
| P Sue Perrotty | Ceo Tower He | 2 | — |
| Robert Brigham Md | Board Member | 2 | — |
| Robert Ehinger | Former Treas | 0 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Univ of Penn Medical Group | Med Staff Serv | $2,284,198 |
| Hellman Heart LLC | Med Staff Serv | $688,500 |
| Trustees of the Univ of Pennsylvania | Med Staff Serv | $389,967 |
| Sotomayor Medical Practice | Med Staff Serv | $261,784 |
| James Byers III | Med Staff Serv | $259,000 |
Grants received · $76K total
3 grants to Tower Health Medical Group totaling $76K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Reading Hospital | Healthcare svcs | 2023 | $58,880 |
| Reading Hospital | Healthcare svcs | 2022 | $11,520 |
| Reading Hospital | Healthcare svcs | 2021 | $5,640 |
Frequently asked questions
- Is Tower Health Medical Group a legitimate nonprofit?
- Yes. Tower Health Medical Group is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-2266054, based in West Reading, Pennsylvania. Donations are tax-deductible.
- What is Tower Health Medical Group's EIN?
- Tower Health Medical Group's Employer Identification Number (EIN) is 23-2266054.
- How much revenue does Tower Health Medical Group report?
- Tower Health Medical Group reported $217,574,823 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Tower Health Medical Group's spending goes to programs?
- Tower Health Medical Group spends about 91% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Tower Health Medical Group have?
- CharityIndex grades Tower Health Medical Group C, based on program efficiency and fundraising cost.
- How much does Tower Health Medical Group's highest-paid employee make?
- The highest reported compensation on Tower Health Medical Group's latest Form 990 is $1,056,710, paid to Earl J Hope Md (Physician).
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Data for Tower Health Medical Group (EIN 23-2266054) 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.