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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Joanne Carrocino Fache President/ceo - Trustee | OfficerTrustee | 55 | $853,045 |
Mark R Gill VP Finance/cfo | Officer | 55 | $538,902 |
Samir Shaikh MD VP Med Staff - Trustee | Trustee | 55 | $0 |
Andrea Mccoy MD Chief Medical Officer | Officer | 55 | $428,358 |
Byron K Hunter VP Human Resources | Officer | 55 | $325,572 |
Richard W Wheatley Chief Information Officer | Officer | 55 | $319,233 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
University Of Pennsylvania Medical | 12/30/22 | $2,931,980 |
Crothall Healthcare Environmental | 12/30/22 | $2,859,946 |
Jersey Urology Group Medical | 12/30/22 | $2,190,000 |
Nj Healthcare Specialists Pc Medical | 12/30/22 | $1,473,238 |
Cerner Health Services It Consulting | 12/30/22 | $1,022,186 |
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $8,613 |
Grants and other assistance to domestic individuals. | $18,702 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $3,731,177 |
Compensation of current officers, directors, key employees. | $935,935 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $55,308,504 |
Pension plan accruals and contributions | $2,365,629 |
Other employee benefits | $8,828,757 |
Payroll taxes | $3,601,548 |
Fees for services: Management | $996,542 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $439,898 |
Fees for services: Lobbying | $39,490 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $413,513 |
Fees for services: Other | $19,584,325 |
Advertising and promotion | $219,401 |
Office expenses | $3,286,456 |
Information technology | $2,072,425 |
Royalties | $0 |
Occupancy | $2,184,789 |
Travel | $594,358 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $912,196 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $7,335,096 |
Insurance | $1,570,139 |
All other expenses | $674,132 |
Total functional expenses | $145,027,442 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $242,522 |
Savings and temporary cash investments | $46,705 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $14,285,483 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $647,043 |
Inventories for sale or use | $3,250,666 |
Prepaid expenses and deferred charges | $3,286,928 |
Net Land, buildings, and equipment | $45,540,182 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $85,414,775 |
Intangible assets | $0 |
Other assets | $3,183,670 |
Total assets | $155,897,974 |
Accounts payable and accrued expenses | $16,997,894 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $27,004,819 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $22,447,549 |
Total liabilities | $66,450,262 |
Net assets without donor restrictions | $87,228,379 |
Net assets with donor restrictions | $2,219,333 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $155,897,974 |