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Nonprofit · EIN 23-2266054

TOWER HEALTH MEDICAL GROUP

Tax-exempt · WEST READING, PA 19611

Financials

$225.3M$405.4M2022$217.6M$379.5M2023$223.2M$386.8M2024
Revenue Expenses · by fiscal year end
Financials of TOWER HEALTH MEDICAL GROUP by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$223,182,300$386,786,022-$163,603,722$45,465,395$75,093,033-$29,627,638
June 30, 2024990$217,574,823$379,450,350-$161,875,527$42,348,535$70,669,772-$28,321,237
June 30, 2023990$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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
MICHAEL STERNPRES/CEO 2/2
Trustee or director, Officer
2$0$1,273,341$292,366
P SUE PERROTTYPRES/CEO T 2
Trustee or director, Officer
2$0$1,246,887$0
SUZANNE WENDEROTHFORMER EVP P
Former
–$0$1,027,732$212,361
BERNARD BOULANGER MDEVP/CEO PROV
Key employee
25$0$942,238$211,367
MIKE EESLEYTREASURER
Officer
2$0$958,182$180,695
BRANDON ROOT MDPHYSICIAN
Highest-paid employee
50$1,006,559$0$44,399
UDAY DASIKA MDPHYSICIAN
Highest-paid employee
50$980,570$0$43,188
SHAHIN MANOOCHEHRI MDPHYSICIAN
Highest-paid employee
50$987,393$0$19,125
HERMAN C LAWSON MDPHYSICIAN
Highest-paid employee
50$944,434$0$44,739
EARL J HOPE MDPHYSICIAN
Highest-paid employee
50$953,397$0$35,424
ROBERT EHINGERFORMER TREAS
Former
0$0$652,533$96,059
KRISTIN KEARNEYSVP CFO
Officer
26$534,556$0$81,668
SUSAN HEFFNERSVP COO 11/2
Key employee
50$316,995$0$20,323
TRACY DRUCKENMILLERSECRETARY T
Officer
2$0$116,971$27,983
THERESA QUITINSKYSECRETARY 6/
Officer
2$0$79,664$15,957
9 more people on this return
NameTitleHours / weekCompensation
THEODORE AUMANBOARD MEMBER
Trustee or director
2$0
JIM BOSCOVVICE CHAIR
Trustee or director, Officer
2$0
MARY KARGBOBOARD MEMBER
Trustee or director
2$0
BRENT WAGNER MDBOARD MEMBER
Trustee or director
2$0
ROBERT BRIGHAM MDBOARD MEMBER
Trustee or director
2$0
PETE MOLINAROBOARD MEMBER
Trustee or director
2$0
MEG MUELLERCHAIR
Trustee or director, Officer
2$0
WILLIAM P THORNTONBOARD MEMBER
Trustee or director
2$0
DOUG TIEMANBOARD MEMBER
Trustee or director
2$0
990 for the year ended June 30, 2024: 24 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
SUZANNE WENDEROTHEVP/CEO PROV
Former
0$0$935,298$204,225
EARL J HOPE MDPHYSICIAN
Highest-paid employee
50$1,056,710$0$30,287
BRANDON ROOT MDPHYSICIAN
Highest-paid employee
50$1,029,662$0$37,320
SHAHIN MANOOCHEHRI MDPHYSICIAN
Highest-paid employee
50$1,033,991$0$16,248
THOMAS G PSARROS MDPHYSICIAN
Highest-paid employee
50$1,002,210$0$30,496
HERMAN C LAWSON MDPHYSICIAN
Highest-paid employee
50$936,140$0$14,123
MIKE EESLEYTREASURER 7/
Officer
2$0$903,826$12,591
BERNARD BOULANGER MDEVP/CEO PROV
Key employee
25$0$698,488$206,132
P SUE PERROTTYCEO TOWER HE
Trustee or director, Officer
2$0$900,000$0
ROBERT EHINGERFORMER TREAS
Former
0$0$599,547$91,244
KRISTIN KEARNEYSVP CFO
Officer
52$493,517$0$71,554
THERESA FINKFORMER SVP C
Former
0$392,345$0$17,586
CLINT MATTHEWSFORMER PRES/
Former
0$0$269,231$7,912
TRACY DRUCKENMILLERSECRETARY
Officer
2$0$106,105$21,812
THEODORE AUMANBOARD MEMBER
Trustee or director
2$0$0$0
JIM BOSCOVVICE CHAIR
Trustee or director, Officer
2$0$0$0
ANGEL HELMBOARD MEMB T
Trustee or director
2$0$0$0
MARY KARGBOBOARD MEMBER
Trustee or director
2$0$0$0
BRENT WAGNER MDBOARD MEMBER
Trustee or director
2$0$0$0
ROBERT BRIGHAM MDBOARD MEMBER
Trustee or director
2$0$0$0
PETE MOLINAROBOARD MEMBER
Trustee or director
2$0$0$0
MEG MUELLERCHAIR
Trustee or director, Officer
2$0$0$0
WILLIAM P THORNTONBOARD MEMBER
Trustee or director
2$0$0$0
DOUG TIEMANBOARD MEMBER
Trustee or director
2$0$0$0
990 for the year ended June 30, 2023: 27 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
THOMAS G PSARROS MDPHYSICIAN
Highest-paid employee
50$1,641,795$0$37,405
CLINT MATTHEWSPRES & CEO T
Former
2$0$1,397,087$11,881
JOHN A BRACA III MDPHYSICIAN
Highest-paid employee
50$1,146,608$0$36,204
BRANDON ROOT MDPHYSICIAN
Highest-paid employee
50$1,094,829$0$36,973
SHAHIN MANOOCHEHRI MDPHYSICIAN
Highest-paid employee
50$1,076,318$0$17,435
SUZANNE WENDEROTHEVP/CEO PHYS
Key employee
2$0$841,098$203,065
HERMAN C LAWSON MDPHYSICIAN
Highest-paid employee
50$956,329$0$11,135
P SUE PERROTTYCEO TOWER HE
Trustee or director, Officer
2$0$900,000$0
THERESA FINKSVP COO
Key employee
52$780,373$0$35,470
ROBERT EHINGERTREASURER
Officer
2$0$673,463$89,686
KRISTIN KEARNEYSVP CFO
Officer
52$434,175$0$71,818
GARY F CONNERTREAS. TERM
Former
2$0$131,206$2,970
TRACY DRUCKENMILLERSECRETARY
Officer
2$0$105,675$19,532
SEAN O'CONNELLTREAS TERM 8
Former
2$0$103,052$0
BARBARA ARNERBOARD MEMBER
Trustee or director
2$0$0$0
THEODORE AUMANBOARD MEMBER
Trustee or director
2$0$0$0
JIM BOSCOVVICE CHAIR
Trustee or director, Officer
2$0$0$0
ANGEL HELMBOARD MEMBER
Trustee or director
2$0$0$0
MARY KARGBOBOARD MEMBER
Trustee or director
2$0$0$0
CHRIS KRARASBOARD MEMBER
Trustee or director
2$0$0$0
BRENT WAGNER MDBOARD MEMBER
Trustee or director
2$0$0$0
PETE MOLINAROBOARD MEMBER
Trustee or director
2$0$0$0
MEG MULLERCHAIR
Trustee or director, Officer
2$0$0$0
KAREN RIGHTMIREBOARD MEMBER
Trustee or director
2$0$0$0
WILLIAM P THORNTONBOARD MEMBER
Trustee or director
2$0$0$0
DOUG TIEMANBOARD MEMBER
Trustee or director
2$0$0$0
C THOMAS WORKBOARD 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
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.

990 for the year ended June 30, 2025

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 4,056
    Expenses $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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 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

FormYear endedRevenueExpensesAssetsReturn
990June 2025$223,182,300$386,786,022$45,465,395IRS
990June 2024$217,574,823$379,450,350$42,348,535IRS
990June 2023$225,322,702$405,404,761$53,078,225XML
990June 2022$233,011,515$425,597,979$76,584,160IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 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.

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