Cape Cod Healthcare Inc
- Assets
- $423.4m
- Revenue
- $136.5m
- Investments
- $209.0m
- Employees
- 328
- Location
- Hyannis, MA
- Founding
- 12/1985
- Data as of
- 09/2022
- EIN
- 22-2600704
Organization Overview
Cape Cod Healthcare Inc is located in Hyannis, MA. The organization was established in 1985. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 09/2023, Cape Cod Healthcare Inc employed 328 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Cape Cod Healthcare Inc 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 09/2022, Cape Cod Healthcare Inc generated $136.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $128.3m during the year ending 09/2022. While expenses have increased by 11.4% per year over the past 7 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.
Since 2016, Cape Cod Healthcare Inc has awarded 58 individual grants totaling $5,191,223. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael K Lauf President/ceo/trustee | OfficerTrustee | 5 | $1,695,289 |
Alexander Adduci MD Trustee (as Of 5/23) | Trustee | 2 | $0 |
Molly Sullivan MD Trustee (until 1/23) | Trustee | 2 | $0 |
Richard W Silveria SVP Finance/cfo | Officer | 5 | $617,651 |
William Agel MD Chief Medical Officer | 5 | $569,446 | |
John Paul Solverson Svp/chief Information Officer | Officer | 5 | $547,526 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cape Cod Emergency Associates Llc Medical Services | 9/29/23 | $19,817,095 |
Hospital Billing Collection Svc Consulting | 9/29/23 | $2,908,924 |
Cape Cod Anesthesia Associates Inc Medical Services | 9/29/23 | $3,917,500 |
Optum360 Llc Consulting | 9/29/23 | $5,991,140 |
Brigham Womens Physicians Organiz Medical Services | 9/29/23 | $2,231,844 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,247 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,247 |
| Total Program Service Revenue | $128,032,852 |
| Investment income | $4,717,554 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,737,950 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $136,489,603 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $263,343 |
| Grants and other assistance to domestic individuals. | $33,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,965,626 |
| Compensation of current officers, directors, key employees. | $5,965,626 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,044,416 |
| Pension plan accruals and contributions | $1,012,761 |
| Other employee benefits | $3,256,904 |
| Payroll taxes | $2,149,663 |
| Fees for services: Management | $17 |
| Fees for services: Legal | $1,035,399 |
| Fees for services: Accounting | $76,350 |
| Fees for services: Lobbying | $180,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $179,640 |
| Fees for services: Other | $1,782,134 |
| Advertising and promotion | $1,231,875 |
| Office expenses | $2,545,817 |
| Information technology | $13,580,754 |
| Royalties | $0 |
| Occupancy | $3,860,440 |
| Travel | $237,591 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $301,105 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,615,886 |
| Insurance | $621,834 |
| All other expenses | $1,702,221 |
| Total functional expenses | $128,342,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,049,392 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,371,480 |
| Inventories for sale or use | $957,655 |
| Prepaid expenses and deferred charges | $7,163,497 |
| Net Land, buildings, and equipment | $50,211,445 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $208,977,145 |
| Investments—program-related | $5,883,922 |
| Intangible assets | $0 |
| Other assets | $135,803,621 |
| Total assets | $423,418,157 |
| Accounts payable and accrued expenses | $57,110,764 |
| Grants payable | $0 |
| Deferred revenue | $120,573 |
| 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 | $3,250,667 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $134,061,798 |
| Total liabilities | $194,543,802 |
| Net assets without donor restrictions | $185,677,817 |
| Net assets with donor restrictions | $43,196,538 |
| 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 | $423,418,157 |
Grants Awarded
Over the last fiscal year, Cape Cod Healthcare Inc has awarded $311,700 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BARNSTABLE COUNTY SHERIFF'S OFFICE PURPOSE: CMED SERVICES | $158,000 |
CAMP HARBOR VIEW FOUNDATION INC PURPOSE: EVENT SPONSORSHIP | $30,000 |
CAPE COD BASEBALL LEAGUE INC PURPOSE: EVENT SPONSORSHIP | $25,000 |
RIVERVIEW SCHOOL INC PURPOSE: EVENT SPONSORSHIP | $15,000 |
NAMI CAPE COD INC (NATIONAL ALLIANCE ON MENTAL HE PURPOSE: EVENT SPONSORSHIP | $25,000 |
CAPE KIDS MEALS INC PURPOSE: EVENT SPONSORSHIP | $10,000 |