CAPE COD HEALTHCARE INC (EIN 222600704) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

MICHAEL K LAUF

Phone

5087711800

Tax Period

2023-10-01 to 2024-09-30

CAPE COD HEALTHCARE INC, founded in 1984, is a major nonprofit in the Health Care sector that reported $162.7M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $152.0M left a modest 7% surplus.

Mission

CAPE COD HEALTHCARE, THE LEADING PROVIDER OF HEALTHCARE SERVICES ON CAPE COD, COORDINATES AND DELIVERS THE HIGHEST QUALITY, ACCESSIBLE HEALTH SERVICES WHICH ENHANCE THE HEALTH OF ALL CAPE COD RESIDENTS AND VISITORS. THE MISSION OF CAPE COD HEALTHCARE IS TO COORDINATE AND DELIVER THE HIGHEST QUALITY, ACCESSIBLE HEALTH SERVICES, WHICH ENHANCE THE HEALTH OF ALL CAPE COD RESIDENTS AND VISITORS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $385,326

Program Service Revenue $150,335,142

Investment Income $12,013,231

Other Revenue $0

TOTAL REVENUE $162,733,699

Expense Breakdown

Grants Paid $413,443

Salaries & Benefits $49,799,786

Fundraising Expenses $0

Program Expenses $124,801,785

Other Expenses $101,773,466

TOTAL EXPENSES $151,986,695

Year-over-Year Comparison

	2023	2022	Change
Revenue	$162,733,699	$147,583,312	+0.1%
Expenses	$151,986,695	$141,737,210	+0.1%
Net Income	$10,747,004	$5,846,102	+0.8%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

390

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$2,912,798

Total Directors

$4,300,064

Key Employees

$2,722,878

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL K LAUF	PRESIDENT/CEO/TRUSTEE	5.0	Officer Director	$1,821,543	$-186,604	$1,634,939
ALEXANDER ADDUCI MD	TRUSTEE	2.0	Director	$0	$47,346	$1,280,938
LORI JEWETT	CHIEF OPERATING OFFICER	5.0	Highest	$649,685	$75,636	$725,321
RICHARD SILVERIA	SVP FINANCE/CFO	5.0	Officer	$621,401	$66,667	$688,068
JOHN HOSTETTER MD	TRUSTEE	2.0	Director	$0	$48,196	$677,377
WILLIAM AGEL MD	CHIEF MEDICAL OFFICER	5.0	Highest	$583,471	$63,978	$647,449
JOHN PAUL SOLVERSON	SVP/CHIEF INFORMATION OFFICER	5.0	Key Emp	$546,119	$63,867	$609,986
MICHAEL G JONES ESQ	SVP/CLO/CO-CLERK	5.0	Officer	$517,829	$71,962	$589,791
BENJAMIN LEVIN MD	PHYSICIAN	0.0		$0	$45,236	$514,671
JEAN BUTLER	SVP FINANCE	5.0	Key Emp	$413,144	$52,037	$465,181
CHRISTOPHER M LAWSON	SVP/CHIEF DEVELOPMENT OFFICER	5.0	Key Emp	$393,224	$61,069	$454,293
MICHELLE SKARBEK	VP HUMAN RESOURCES	5.0	Key Emp	$365,840	$59,545	$425,385
CARTER HUNT	CHIEF OPERATING OFFICER FH	5.0	Highest	$340,025	$62,590	$402,615
CHRISTIAN BROWN	SVP MANAGED CARE (UNTIL 5/24)	4.0	Key Emp	$355,402	$45,346	$400,748
ELIZABETH DUNTON	VP EMPLOYED PHYSICIAN GROUP	5.0	Highest	$354,934	$26,523	$381,457
MICHAEL BACHSTEIN	VP FACILITIES MANAGEMENT	5.0	Highest	$341,157	$26,603	$367,760
KUMARA D SIDHARTHA	SEE SCHEDULE O	5.0	Key Emp	$341,207	$26,078	$367,285
JOSEPH GERGYES MD	TRUSTEE (UNTIL 1/24)	2.0	Director	$947	$41,003	$337,668
C JEFFREY SIEGERT MD	TRUSTEE (AS OF 1/24)	2.0	Director	$176,750	$63	$281,679
STEPHEN BROOKS MD	TRUSTEE (AS OF 8/24)	2.0	Director	$87,463	$0	$87,463
BRUCE JOHNSTON	SEE SCHEDULE O	5.0	Officer Director	$0	$0	$0
RAMANI AYER	TREASURER (UNTIL 5/24)/TRUSTEE	5.0	Officer Director	$0	$0	$0
LAWRENCE CAPODILUPO	TRUSTEE	2.0	Director	$0	$0	$0
SHARON KENNEDY	TRUSTEE	2.0	Director	$0	$0	$0
E JAMES MULCAHY JR	TRUSTEE (UNTIL 5/24)	2.0	Director	$0	$0	$0
NATHAN RUDMAN MD	TRUSTEE	2.0	Director	$0	$0	$0
ROBERT TALERMAN	SEE SCHEDULE O	2.0	Officer Director	$0	$0	$0
ROBERT WILSTERMAN MD	TRUSTEE	2.0	Director	$0	$0	$0
KEVIN VILSAINT MD	TRUSTEE	2.0	Director	$0	$0	$0
ROBIN DEVEREUX	SEE SCHEDULE O	2.0	Officer Director	$0	$0	$0
LINDA TILTON GIBSON	TRUSTEE	2.0	Director	$0	$0	$0
GARY SHEEHAN	TRUSTEE (AS OF 5/24)	2.0	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$162,733,699	$151,986,695	$515,131,694	$10,747,004
2023	$147,583,312	$141,737,210	$463,459,033	$5,846,102
2022	$136,489,603	$128,342,065	$423,418,157	$8,147,538
2021	$141,942,221	$127,164,508	$447,036,647	$14,777,713
2020	$116,473,308	$107,085,940	$424,302,862	$9,387,368
2019	$113,859,108	$106,556,752	$403,786,407	$7,302,356
2018	$120,248,216	$81,511,525	$397,483,660	$38,736,691

CAPE COD HEALTHCARE INC