Nonprofit · EIN 23-2266054
TOWER HEALTH MEDICAL GROUP
Tax-exempt · WEST READING, PA 19611
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $223,182,300 | $386,786,022 | -$163,603,722 | $45,465,395 | $75,093,033 | -$29,627,638 |
| June 30, 2024 | 990 | $217,574,823 | $379,450,350 | -$161,875,527 | $42,348,535 | $70,669,772 | -$28,321,237 |
| June 30, 2023 | 990 | $225,322,702 | $405,404,761 | -$180,082,059 | $53,078,225 | $78,937,441 | -$25,859,216 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $66,240
- Program service revenue
- $217,709,408
- Investment income
- $111,144
- Net rental income
- $55,001
- Other revenue
- $5,295,508
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,043,699
- Other salaries and wages
- $247,544,972
- Salaries, compensation and benefits (total)
- $289,566,629
- Professional fundraising fees
- $0
- Occupancy
- $9,488,055
- Travel
- $69,785
- Depreciation
- $1,852,414
- Program services (functional)
- $361,617,052
- Management and general (functional)
- $25,168,970
Balance sheet and other
- Total assets, start of year
- $42,348,535
- Total assets, end of year
- $45,465,395
- Total liabilities, end of year
- $75,093,033
- Net assets, end of year
- -$29,627,638
- Land, buildings and equipment
- $11,552,446
- Net assets without donor restrictions
- -$29,627,638
- Gross receipts
- $223,182,300
- Employees
- 1,821
- Volunteers
- 9
- Year formed
- 1983
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHAEL STERN | PRES/CEO 2/2 Trustee or director, Officer | 2 | $0 | $1,273,341 | $292,366 |
| P SUE PERROTTY | PRES/CEO T 2 Trustee or director, Officer | 2 | $0 | $1,246,887 | $0 |
| SUZANNE WENDEROTH | FORMER EVP P Former | – | $0 | $1,027,732 | $212,361 |
| BERNARD BOULANGER MD | EVP/CEO PROV Key employee | 25 | $0 | $942,238 | $211,367 |
| MIKE EESLEY | TREASURER Officer | 2 | $0 | $958,182 | $180,695 |
| BRANDON ROOT MD | PHYSICIAN Highest-paid employee | 50 | $1,006,559 | $0 | $44,399 |
| UDAY DASIKA MD | PHYSICIAN Highest-paid employee | 50 | $980,570 | $0 | $43,188 |
| SHAHIN MANOOCHEHRI MD | PHYSICIAN Highest-paid employee | 50 | $987,393 | $0 | $19,125 |
| HERMAN C LAWSON MD | PHYSICIAN Highest-paid employee | 50 | $944,434 | $0 | $44,739 |
| EARL J HOPE MD | PHYSICIAN Highest-paid employee | 50 | $953,397 | $0 | $35,424 |
| ROBERT EHINGER | FORMER TREAS Former | 0 | $0 | $652,533 | $96,059 |
| KRISTIN KEARNEY | SVP CFO Officer | 26 | $534,556 | $0 | $81,668 |
| SUSAN HEFFNER | SVP COO 11/2 Key employee | 50 | $316,995 | $0 | $20,323 |
| TRACY DRUCKENMILLER | SECRETARY T Officer | 2 | $0 | $116,971 | $27,983 |
| THERESA QUITINSKY | SECRETARY 6/ Officer | 2 | $0 | $79,664 | $15,957 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THEODORE AUMAN | BOARD MEMBER Trustee or director | 2 | $0 |
| JIM BOSCOV | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| MARY KARGBO | BOARD MEMBER Trustee or director | 2 | $0 |
| BRENT WAGNER MD | BOARD MEMBER Trustee or director | 2 | $0 |
| ROBERT BRIGHAM MD | BOARD MEMBER Trustee or director | 2 | $0 |
| PETE MOLINARO | BOARD MEMBER Trustee or director | 2 | $0 |
| MEG MUELLER | CHAIR Trustee or director, Officer | 2 | $0 |
| WILLIAM P THORNTON | BOARD MEMBER Trustee or director | 2 | $0 |
| DOUG TIEMAN | BOARD MEMBER Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 24 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SUZANNE WENDEROTH | EVP/CEO PROV Former | 0 | $0 | $935,298 | $204,225 |
| EARL J HOPE MD | PHYSICIAN Highest-paid employee | 50 | $1,056,710 | $0 | $30,287 |
| BRANDON ROOT MD | PHYSICIAN Highest-paid employee | 50 | $1,029,662 | $0 | $37,320 |
| SHAHIN MANOOCHEHRI MD | PHYSICIAN Highest-paid employee | 50 | $1,033,991 | $0 | $16,248 |
| THOMAS G PSARROS MD | PHYSICIAN Highest-paid employee | 50 | $1,002,210 | $0 | $30,496 |
| HERMAN C LAWSON MD | PHYSICIAN Highest-paid employee | 50 | $936,140 | $0 | $14,123 |
| MIKE EESLEY | TREASURER 7/ Officer | 2 | $0 | $903,826 | $12,591 |
| BERNARD BOULANGER MD | EVP/CEO PROV Key employee | 25 | $0 | $698,488 | $206,132 |
| P SUE PERROTTY | CEO TOWER HE Trustee or director, Officer | 2 | $0 | $900,000 | $0 |
| ROBERT EHINGER | FORMER TREAS Former | 0 | $0 | $599,547 | $91,244 |
| KRISTIN KEARNEY | SVP CFO Officer | 52 | $493,517 | $0 | $71,554 |
| THERESA FINK | FORMER SVP C Former | 0 | $392,345 | $0 | $17,586 |
| CLINT MATTHEWS | FORMER PRES/ Former | 0 | $0 | $269,231 | $7,912 |
| TRACY DRUCKENMILLER | SECRETARY Officer | 2 | $0 | $106,105 | $21,812 |
| THEODORE AUMAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| JIM BOSCOV | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| ANGEL HELM | BOARD MEMB T Trustee or director | 2 | $0 | $0 | $0 |
| MARY KARGBO | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| BRENT WAGNER MD | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| ROBERT BRIGHAM MD | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| PETE MOLINARO | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| MEG MUELLER | CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| WILLIAM P THORNTON | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| DOUG TIEMAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 27 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| THOMAS G PSARROS MD | PHYSICIAN Highest-paid employee | 50 | $1,641,795 | $0 | $37,405 |
| CLINT MATTHEWS | PRES & CEO T Former | 2 | $0 | $1,397,087 | $11,881 |
| JOHN A BRACA III MD | PHYSICIAN Highest-paid employee | 50 | $1,146,608 | $0 | $36,204 |
| BRANDON ROOT MD | PHYSICIAN Highest-paid employee | 50 | $1,094,829 | $0 | $36,973 |
| SHAHIN MANOOCHEHRI MD | PHYSICIAN Highest-paid employee | 50 | $1,076,318 | $0 | $17,435 |
| SUZANNE WENDEROTH | EVP/CEO PHYS Key employee | 2 | $0 | $841,098 | $203,065 |
| HERMAN C LAWSON MD | PHYSICIAN Highest-paid employee | 50 | $956,329 | $0 | $11,135 |
| P SUE PERROTTY | CEO TOWER HE Trustee or director, Officer | 2 | $0 | $900,000 | $0 |
| THERESA FINK | SVP COO Key employee | 52 | $780,373 | $0 | $35,470 |
| ROBERT EHINGER | TREASURER Officer | 2 | $0 | $673,463 | $89,686 |
| KRISTIN KEARNEY | SVP CFO Officer | 52 | $434,175 | $0 | $71,818 |
| GARY F CONNER | TREAS. TERM Former | 2 | $0 | $131,206 | $2,970 |
| TRACY DRUCKENMILLER | SECRETARY Officer | 2 | $0 | $105,675 | $19,532 |
| SEAN O'CONNELL | TREAS TERM 8 Former | 2 | $0 | $103,052 | $0 |
| BARBARA ARNER | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| THEODORE AUMAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| JIM BOSCOV | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| ANGEL HELM | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| MARY KARGBO | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| CHRIS KRARAS | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| BRENT WAGNER MD | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| PETE MOLINARO | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| MEG MULLER | CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| KAREN RIGHTMIRE | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| WILLIAM P THORNTON | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| DOUG TIEMAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| C THOMAS WORK | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 420 S 5TH AVE, WEST READING, PA 19611-2143
- Principal officer (990 for 2024)
- MICHAEL STERN, PO BOX 16052, READING, PA 196126052
- Signed the 990
- MICHAEL STERN, PRES/CEO TH
- Phone
- (484) 628-4307
- Website
- WWW.TOWERHEALTH.ORG/THMG
- Return prepared by
- KPMG LLP
Mission
TOWER HEALTH MEDICAL GROUP IS THE REGION'S PREMIER PHYSICIAN-DIRECTED, MULTI-SPECIALTY GROUP OF HEALTH CARE PROFESSIONALS WHO PARTICIPATE WITH TOWER HEALTH IN MANAGING POPULATION HEALTH AND PROMOTING WELLNESS, DELIVERING HEALTH CARE THAT IS READILY ACCESSIBLE, COMPASSIONATE, AND OF THE HIGHEST QUALITY AND VALUE, AND ENGAGING IN CLINICAL RESEARCH AND THE EDUCATION OF HEALTH CARE PROFESSIONALS AND OUR COMMUNITIES.
Program accomplishments
- OUR PRIMARY CARE PROGRAM IS COMPRISED OF INTERNAL MEDICINE AND FAMILY PRACTICE PHYSICIANS, PHYSICIAN ASSISTANTS, AND NURSE PRACTITIONERS THROUGHOUT 33 LOCATIONS IN BERKS, CHESTER, MONTGOMERY AND PHILADELPHIA COUNTIES. DURING FISCAL YEAR 2025, TOWER HEALTH MEDICAL GROUP'S PRIMARY CARE PROGRAM PROVIDED CARE THROUGH 251,802 PATIENT VISITS TO PATIENTS OF ALL AGES WITH A FOCUS ON WELLNESS AND DISEASE MANAGEMENT. ALL LOCATIONS ACCEPT BOTH MEDICARE AND MEDICAID PATIENTS.Expenses $61,158,409 · revenue $37,105,509
- 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 2025, TOWER HEALTH MEDICAL GROUP'S ACUTE HOSPITALIST PROGRAM PROVIDED EFFICIENT, HIGH- QUALITY, EVIDENCED-BASED CARE THROUGH 266,363 VISITS TO OUR SYSTEM'S HOSPITALIZED PATIENTS. THIS PROGRAM ACCEPTS BOTH MEDICARE AND MEDICAID PATIENTS.Expenses $53,516,926 · revenue $25,389,918
- ANESTHESIOLOGISTS AND CERTIFIED REGISTERED NURSE ANESTHETISTS PROVIDED MEDICAL MANAGEMENT AND ANESTHETIC CARE THROUGH 50,584 INPATIENT AND OUTPATIENT SURGICAL, PROCEDURAL AND LABOR AND DELIVERY CASES AT READING HOSPITAL AND THREE LOCAL AMBULATORY SURGERY CENTERS IN FISCAL YEAR 2025. THIS PROGRAM ACCEPTS BOTH MEDICARE AND MEDICAID PATIENTS.Expenses $32,031,118 · revenue $13,014,428
- 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 15,708,532 23,550,491 BEHAVIORAL HEALTH SCIENCES 3,753,940 6,897,957 CARDIOLOGY 18,212,711 25,371,178 EMERGENCY 22,874,900 33,573,909 NEUROSCIENCES 9,670,311 17,951,187 WOMEN'S HEALTHCARE 21,187,735 34,566,813 ONCOLOGY 684,273 1,478,119 ORTHOPEDICS 3,283,335 5,095,779 PATHOLOGY 3,875,761 5,202,518 PEDIATRICS 8,391,616 12,669,009 RADIOLOGY 17,152,117 22,580,774 SUPPORT SERVICES 6,177,379 17,250,197 SURGICAL SPECIALISTS 13,561,640 26,708,470 TRAUMA 3,026,747 7,112,874 OTHER 45,208 4,056Expenses $214,910,599 · revenue $147,440,060
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-2266054
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Hospital or medical research organization
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1984
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $45,465,395
- Income (IRS master file)
- $223,182,300
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $223,182,300 | $386,786,022 | $45,465,395 | IRS |
| 990 | June 2024 | $217,574,823 | $379,450,350 | $42,348,535 | IRS |
| 990 | June 2023 | $225,322,702 | $405,404,761 | $53,078,225 | XML |
| 990 | June 2022 | $233,011,515 | $425,597,979 | $76,584,160 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-2266054).
Questions about TOWER HEALTH MEDICAL GROUP
- What is the EIN of TOWER HEALTH MEDICAL GROUP?
- The employer identification number (EIN) of TOWER HEALTH MEDICAL GROUP is 23-2266054.
- Is TOWER HEALTH MEDICAL GROUP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to TOWER HEALTH MEDICAL GROUP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TOWER HEALTH MEDICAL GROUP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TOWER HEALTH MEDICAL GROUP due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TOWER HEALTH MEDICAL GROUP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of TOWER HEALTH MEDICAL GROUP?
- The 990 for the year ended June 30, 2025 names MICHAEL STERN.
- Who are the officers and directors of TOWER HEALTH MEDICAL GROUP?
- The 990 for the year ended June 30, 2025 lists 24 people; 7 received compensation from the organization.
- How much revenue does TOWER HEALTH MEDICAL GROUP have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $223,182,300, expenses of $386,786,022 and total assets of $45,465,395 at year end.
Other nonprofits in WEST READING
- READING HOSPITAL EIN 23-1352204 · last filed 990 for 2025
- TOWER HEALTH AT HOME EIN 23-1466250 · last filed 990 for 2024
- MASONIC CENTER FOUNDATION OF READING PA EIN 23-1518895 · last filed 990 for 2025
- BREAST CANCER SUPPORT SERVICES OF BERKS COUNTY EIN 23-2762595 · last filed 990 for 2024
- WEST READING COMMUNITY REVITALIZATION FOUNDATION EIN 23-2959713 · last filed 990 for 2024
- ACTION CHAPEL PENNSYLVANIA EIN 46-5615982 · last filed 990-EZ for 2024
- ART PLUS GALLERY EIN 23-3039301 · last filed 990-EZ for 2025
- VOLUNTEER FIREMENS RELIEF ASSOCIATION OF WEST READING BERKS EIN 47-2611480 · last filed 990-EZ for 2024