Reading Hospital & Medical Center Workers Compensation Fund
Nonprofit profile at a glance
- EIN
- 223054717
- IRS 990 coverage
- 2010–2015
- Forms available
- Form 990 2015
- Location
- Reading, PA, USA
- Phone
- 4846284307
- Rating
- 31
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Hospitals and Related Primary Medical Care Facilities
Reported finances
- Revenue
- $335,438
- Expenses
- $0
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.
Leadership & pay
26 people listed
Executive titles in this filing
- CLINT MATTHEWS (PRESIDENT &)
Highest reported compensation
- CLINT MATTHEWS (PRESIDENT &): $2,544,446 total reported compensation
- THERESE SUCHER (COO): $1,351,119 total reported compensation
- ROBERT BRIGHAM MD (BOARD MEMBER): $1,095,639 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Self funded workers' compensation claims program.
What it reported doing in 2015
Reserve for payment of workers' compensation claims and related expenses for employees associated with reading health system.
Operating model
- Revenue model
- Investment-supported. 100% of the money available for current operations came from recurring investment income.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
REVIEW - Most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 52
- Accountability: 65
- Sustainability: NotEnoughData
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 85.7%; rating input score 86; 2nd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: No; rating input score 0
Accountability
- Independent voting board: 63.6%; rating input score 64; 16th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: Limited
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: 8.7% per year; rating input score 100; 70th percentile among comparable filings
- Asset growth: -12.6% per year; rating input score 0; 10th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed
- Governance: 14 of 22 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $2.5M · 26 people listed · 0 of 6 pay-setting controls reported
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 6 filing years from 2010 to 2015
- Contacts: How to reach this organization
- Related organizations: 9 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- High — Transparency & Controls: Related-party transparency scored 0/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- High — Growth: Asset growth scored 0/100.