Cape Cod Healthcare Inc
- Assets
- $1.3b
- Revenue
- $986.6m
- Investments
- $678.1m
- Employees
- 5,712
- Location
- Hyannis, MA
- Founding
- 12/1985
- Data as of
- 09/2021
- EIN
- 90-0054984
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 09/2021, Cape Cod Healthcare Inc employed 5,712 individuals. This organization is a subordinate organization within 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 09/2021, Cape Cod Healthcare Inc generated $986.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $936.4m during the year ending 09/2021. While expenses have increased by 3.0% per year over the past 6 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 2018, Cape Cod Healthcare Inc has awarded 127 individual grants totaling $4,724,829. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
PATIENT SERVICES - SEE SCHEDULES H AND O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard B Zelman MD Physician | 40 | $1,740,412 | |
Michael O'boyle MD Physician | 40 | $1,032,255 | |
Paul Houle MD Physician | 40 | $976,523 | |
Gordon Nakata MD Physician | 40 | $969,323 | |
Daria Hanson MD Former Director, Med Psych | 0 | $633,334 | |
Molly Sullivan MD Trustee | Trustee | 40 | $537,258 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cape Cod Healthcare Inc Purchased Services | 9/29/21 | $89,888,667 |
Jorge Alfonso Md Hospice Medical Dir | 9/29/21 | $141,750 |
Island Home Medical Healthcare Products | 9/29/21 | $119,462 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,926,888 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,921,326 |
| Noncash contributions included in lines 1a–1f | $4,665,222 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,848,214 |
| Total Program Service Revenue | $904,358,281 |
| Investment income | $6,691,992 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $31,877,141 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $986,611,618 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,029,512 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,451,156 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $1,451,753 |
| Other salaries and wages | $400,907,879 |
| Pension plan accruals and contributions | $12,235,825 |
| Other employee benefits | $65,329,033 |
| Payroll taxes | $26,484,747 |
| Fees for services: Management | $7,981,744 |
| Fees for services: Legal | $329,005 |
| Fees for services: Accounting | $851,316 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $37,748 |
| Fees for services: Investment Management | $530,479 |
| Fees for services: Other | $48,510,197 |
| Advertising and promotion | $624,887 |
| Office expenses | $3,378,993 |
| Information technology | $3,642,081 |
| Royalties | $0 |
| Occupancy | $15,347,123 |
| Travel | $5,186,060 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,281,099 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,613,718 |
| Insurance | $2,336,120 |
| All other expenses | $24,478,798 |
| Total functional expenses | $936,401,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,313,433 |
| Savings and temporary cash investments | $1,430,789 |
| Pledges and grants receivable | $17,895,882 |
| Accounts receivable, net | $88,754,351 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $12,295,172 |
| Inventories for sale or use | $16,359,247 |
| Prepaid expenses and deferred charges | $2,642,458 |
| Net Land, buildings, and equipment | $285,436,457 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $678,110,812 |
| Investments—program-related | $457,072 |
| Intangible assets | $0 |
| Other assets | $108,809,898 |
| Total assets | $1,256,505,571 |
| Accounts payable and accrued expenses | $66,760,307 |
| Grants payable | $0 |
| Deferred revenue | $4,336,481 |
| Tax-exempt bond liabilities | $62,013,450 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $54,953,681 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $214,458,784 |
| Total liabilities | $402,522,703 |
| Net assets without donor restrictions | $767,635,071 |
| Net assets with donor restrictions | $86,347,797 |
| 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 | $1,256,505,571 |
Grants Awarded
Over the last fiscal year, Cape Cod Healthcare Inc has awarded $1,009,312 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
South Yarmouth, MA PURPOSE: SUBSTANCE USE PRVENT | $173,796 |
Harwich Port, MA PURPOSE: SPECIALTY HLTH NAVIG | $123,000 |
Hyannis, MA PURPOSE: HOMELESS HEALTHCARE | $95,000 |
CAPE & ISLANDS PLASTIC SURGERY PURPOSE: BRST CANCER RECONSTRUCT | $75,060 |
TOWN OF BARNSTABLE PURPOSE: CNA TRAINING | $70,000 |
Mattapan, MA PURPOSE: DENTAL HEALTH | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 23 grants that Cape Cod Healthcare Inc has recieved totaling $494,734.
| Awarding Organization | Amount |
|---|---|
Edward Bangs Kelley And Elza Kelley Foundation Inc South Yarmouth, MA PURPOSE: EXEMPT PURPOSE | $166,667 |
Alfred Bernhard Jacobsen Tr 1996 Brewster, MA PURPOSE: UNRESTRICTEDUNRESTRICTED | $45,642 |
Alfred Bernhard Jacobsen Tr 1996 Brewster, MA PURPOSE: UNRESTRICTED | $38,640 |
Zarkin Family Foundation Wilmington, DE PURPOSE: NURSES PROGRAM | $35,000 |
R K Mellon Family Foundation Pittsburgh, PA PURPOSE: OPERATIONS AT FALMOUTH HOSPITAL | $30,000 |
R K Mellon Family Foundation Pittsburgh, PA PURPOSE: OPERATIONS AT FALMOUTH HOSPITAL | $30,000 |
Endowment Analysis
| Beg. Balance | $43,621,431 |
| Earnings | $6,590,633 |
| Net Contributions | $1,039,075 |
| Other Expense | $1,116,495 |
| Ending Balance | $50,134,644 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cape Cod Healthcare Inc Hyannis, MA | $1,256,505,571 | $986,611,618 |
Hartford Health Care Corporation Hartford, CT | $2,668,436,051 | $551,640,424 |
Bon Secours Charity Health System Affiliated Group Suffern, NY | $223,032,633 | $606,730,244 |
Wyckoff Heights Medical Center Brooklyn, NY | $318,132,023 | $364,136,906 |
Albany Medical Center Glens Falls, NY | $356,058,419 | $346,451,670 |
Whidden Memorial Hospital Inc Malden, MA | $90,823,513 | $333,237,018 |
Centerlight Healthcare Inc Flushing, NY | $62,373,058 | $284,939,095 |
Albany Medical Center Saratoga Springs, NY | $380,815,690 | $338,787,899 |
Episcopal Health Services Inc Garden City, NY | $212,973,154 | $303,839,103 |
Mass General Brigham Incorporated Boston, MA | $523,876,840 | $299,721,576 |
Trinity Health Of New England Corporation Inc Hartford, CT | $683,679,706 | $237,315,884 |
Albany Med Health System Albany, NY | $312,546,209 | $222,722,582 |