Cape Regional Medical Center

Organization Overview

Cape Regional Medical Center is located in Cape May Court House, NJ. The organization was established in 1952. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2022, Cape Regional Medical Center employed 1,218 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cape Regional Medical Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Cape Regional Medical Center generated $139.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $145.0m during the year ending 12/2022. While expenses have increased by 2.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE THE HIGHEST QUALITY HEALTHCARE TO OUR COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EXPENSES INCURRED IN PROVIDING INPATIENT, OUTPATIENT AND EMERGENCY MEDICALLY NECESSARY SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT (STATEMENT OF PROGRAM SERVICES) WHICH INCLUDES DETAILED INFORMATION REGARDING THE VARIOUS SERVICES PROVIDED BY THIS ORGANIZATION.


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Board, Officers & Key Employees

Name (title)Compensation
Joanne Carrocino Fache
President/ceo - Trustee
$853,045
Mark R Gill
VP Finance/cfo
$538,902
Samir Shaikh MD
VP Med Staff - Trustee
$0
Andrea Mccoy MD
Chief Medical Officer
$428,358
Byron K Hunter
VP Human Resources
$325,572
Richard W Wheatley
Chief Information Officer
$319,233

Outside Vendors & Contractors

Vendor Name (Service)Compensation
University Of Pennsylvania
Medical
$2,931,980
Crothall Healthcare
Environmental
$2,859,946
Jersey Urology Group
Medical
$2,190,000
Nj Healthcare Specialists Pc
Medical
$1,473,238
Cerner Health Services
It Consulting
$1,022,186
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$295,274
Related organizations$0
Government grants $2,250,729
All other contributions, gifts, grants, and similar amounts not included above$1,908,261
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$4,454,264
Total Program Service Revenue$130,789,117
Investment income $2,564,378
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$24,653
Net Gain/Loss on Asset Sales $1,601,426
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $13,690
Miscellaneous Revenue$0
Total Revenue $139,824,806

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$969,845,898
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$1,000,529,103
United Health Services Hospitals Inc
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$826,097,433
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$871,885,801
Vassar Brothers Medical Center
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$774,380,228
Good Samaritan Hosptial Medical Center
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$802,832,775
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$796,994,191
Jamaica Hospital Medical Center
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Tower Health
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$611,657,602
St Peters Hospital
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$713,213,196
Pennsylvania Hospital Of The Univ Of Pennsylvania Health System
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$733,725,377
Kennedy University Hospital Inc
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$722,110,488
White Plains Hospital Medical Center
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$782,363,978
The Unity Hospital Of Rochester
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$636,049,483
Mary Imogene Bassett Hospital
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$653,736,548
Rwj Barnabas Health Inc
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$644,768,822
Garnet Health Medical Center
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$615,559,035
Huntington Hospital Association
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$641,216,866
St Josephs Hospital Health Center
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$632,171,015

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