The hospital, which is part of West Reading, Pa.-based Tower Health, gained nonprofit certification from Montgomery County Court in 2021, the report said. If the decision is upheld, Pottstown School District would gain at least $900,000 annually in additional tax revenue.
The decision stems from former Tower Health CEO’s Clint Matthews’ “eye-popping” compensation package. Since 40 percent of his pay depended on financial results, Tower Health didn’t meet the criteria for being considered a nonprofit, the report said.
The hospital has yet to appeal the decision.
