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Filing year 2023

READING HOSPITAL

Reading, Pennsylvania·EIN 23-1352204·NTEE E220 · Health Care·501(c)(3)
Total revenue
$1.5B
Total assets
$1B
Total expenses
$1.3B
Reported officers
31
Mission

WEBSITE: WWW.TOWERHEALTH.ORG/LOCATIONS/READING-HOSPITAL THE MISSION OF READING HOSPITAL IS TO PROVIDE COMPASSIONATE, ACCESSIBLE, HIGH-QUALITY, COST-EFFECTIVE HEALTHCARE TO THE COMMUNITY; TO PROMOTE HEALTH; TO EDUCATION HEALTHCARE PROFESSIONALS; AND TO PARTICIPATE IN APPROPRIATE CLINICAL RESEARCH. IN ADDITION TO ITS PRIMARY ROLE AS A PROVIDER OF DIRECT CARE, READING HOSPITAL ADDRESSES ISSUES OUTSIDE THAT REAL THAT IMPACT HEALTH AND WELLNESS. IN FACT, A KEY PART OF OUR MISSION MEANS THE REINVESTMENT OF RESOURCES INTO THESE EFFORTS, WHICH ARE COLLECTIVELY KNOWN AS COMMUNITY BENEFIT. WE ARE PROUD TO REPORT THAT IN OUR LAST FISCAL YEAR (FY2023), WE COMMITTED NEARLY 159.5M TO THIS CAUSE. READING HOSPITAL'S COMMUNITY WELLNESS DEPARTMENT SUPPORTS THE HOSPITAL'S COMMUNITY ENGAGEMENT AND COMMUNITY BENEFIT ENDEAVORS. THE DEPARTMENT'S MISSION IS THREE PRONGED AND SEEKS TO LEAD, PARTNER, AND INVEST IN STRATEGIC HEALTH INITIATIVES THAT TARGET THE UNDERSERVED, ADDRESS HEALTH DISPARITIES AND SOCIAL DE

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 21 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Health Care organizations in Pennsylvania.

Board Member
Above 90th percentile
$1.1M
$1.3M
Base
$657k
Bonus
$200k
Other
$78k
Benefits
$27k
Pres & CEO
Above 90th percentile
$1.1M
$1.2M
Base
$692k
Bonus
$140k
Other
$57k
Benefits
$27k
COO
Above 90th percentile
$821k
$916k
Base
$511k
Bonus
$153k
Other
$68k
Benefits
$1k
Int CEO Term
Above 90th percentile
$783k
$874k
Base
Bonus
Other
$767k
Benefits
$16k
Cfo/treas
Officer (Unspecified)
$691k
$771k
Base
$407k
Bonus
$124k
Other
$68k
Benefits
$18k
SVP Chief Ac
Senior Vice President
75th to 90th percentile
$589k
$657k
Base
$499k
Bonus
Other
$2k
Benefits
$1k
Svp/chief Pe
Highest Compensated Employee
75th to 90th percentile
$563k
$629k
Base
$470k
Bonus
Other
$690
Benefits
$10k
SVP Rev Cycl
Senior Vice President
75th to 90th percentile
$555k
$619k
Base
$354k
Bonus
Other
$118k
Benefits
$19k
SVP CIO
Chief Information Officer
75th to 90th percentilevs Health Care peers nationwide
$489k
$546k
Base
$392k
Bonus
Other
$1k
Benefits
$17k
Cno Term
Key Employee
75th to 90th percentile
$443k
$495k
Base
$358k
Bonus
$72k
Other
$2k
Benefits
$521
VP Marketing
Board Vice President
75th to 90th percentile
$427k
$477k
Base
$112k
Bonus
$71k
Other
$231k
Benefits
$8k
CMO Term
Former Officer/director/trustee
75th to 90th percentile
$423k
$472k
Base
Bonus
Other
$406k
Benefits
$17k
VP Rev Integ
Board Vice President
75th to 90th percentile
$407k
$454k
Base
$316k
Bonus
$64k
Other
$450
Benefits
$19k
SVP Sup Serv
Senior Vice President
Median to 75th percentile
$386k
$431k
Base
$65k
Bonus
$171k
Other
$137k
Benefits
$8k
Cfo/treas Te
Former Officer/director/trustee
75th to 90th percentile
$353k
$395k
Base
Bonus
Other
$330k
Benefits
$24k
Interim Cno
Key Employee
Median to 75th percentile
$302k
$337k
Base
$243k
Bonus
$49k
Other
$548
Benefits
$1k
Th Pres/ceo
Former Officer/director/trustee
75th to 90th percentile
$277k
$309k
Base
Bonus
Other
$269k
Benefits
SVP Cno Term
Senior Vice President
Median to 75th percentile
$273k
$305k
Base
Bonus
Other
$264k
Benefits
$9k
Secretary
Secretary (Operational)
75th to 90th percentile
$100k
$111k
Board Member
25th percentile to median
$48k
$54k
Board Member
25th percentile to median
$34k
$38k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 10 unpaid individuals.

Browse compensation in Health Care

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at READING HOSPITAL equaled 0.1% of the organization's total expenses. The median for health care organizations is 4%.

This organization (2023)
0.1%
Sector median
4%
Middle half of sector
1% to 13%

Based on 13,830 health care organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Down 38%
from 2022

From $1.8M in 2022 to $1.1M in 2023.

$1.8M
2022
$1.1M
2023
In today's dollarsEst.
Down 40% in real terms$2.1M to $1.3M

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Member pay rose 9% from 2022 to 2023, while revenue rose 10%.

$1M in 2022 to $1.1M in 2023.
  • Chief Executive Officer pay fell 40% from 2022 to 2023.
  • Chief Operating Officer pay rose 4% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about READING HOSPITAL

What does the Board Member of READING HOSPITAL earn?

In 2023, the Board Member of READING HOSPITAL received $1,139,523 in total compensation. This pay is in the top 10% for Board Member roles among Health Care organizations in Pennsylvania: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Board Member pay at READING HOSPITAL compare with similar nonprofits?

Compared with the same role at Health Care organizations in Pennsylvania, the 2023 pay of the Board Member at READING HOSPITAL falls in the top 10%. In 2023, the highest total compensation at READING HOSPITAL equaled 0.1% of the organization's total expenses. The median for health care organizations is 4%.

What are READING HOSPITAL's revenue and expenses?

In 2023, READING HOSPITAL reported $1.5B in total revenue and $1.3B in total expenses on its IRS Form 990.

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