HYANNIS, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
CAPE COD HEALTHCARE (CCHC) IS THE LEADING PROVIDER OF HEALTHCARE SERVICES FOR RESIDENTS AND VISITORS OF CAPE COD. WITH MORE THAN 550 PHYSICIANS, NEARLY 5,000 EMPLOYEES AND 300 VOLUNTEERS, CAPE COD...
CAPE COD HEALTHCARE (CCHC) IS THE LEADING PROVIDER OF HEALTHCARE SERVICES FOR RESIDENTS AND VISITORS OF CAPE COD. WITH MORE THAN 550 PHYSICIANS, NEARLY 5,000 EMPLOYEES AND 300 VOLUNTEERS, CAPE COD HEALTHCARE HAS TWO ACUTE CARE HOSPITALS, CAPE COD HOSPITAL AND FALMOUTH HOSPITAL; VNA OF CAPE COD, THE CAPE'S LEADING PROVIDER OF HOMECARE AND HOSPICE SERVICES; SIX URGENT CARE CENTERS; A PRIMARY AND SPECIALTY CARE NETWORK; A SKILLED NURSING AND REHABILITATION FACILITY (JML CARE CENTER); AN ASSISTED LIVING FACILITY (HERITAGE AT FALMOUTH); AND NUMEROUS HEALTH SERVICES AND PROGRAMS. MAJOR SERVICE AREAS INCLUDE CARDIOVASCULAR SERVICES WITH INTERVENTIONAL CARDIOLOGY SUITES FOR EMERGENCY AND ELECTIVE ANGIOPLASTY, ELECTROPHYSIOLOGY AND CARDIAC REHABILITATION; INPATIENT AND OUTPATIENT SURGERY INCLUDING CARDIAC, ORTHOPEDIC AND NEUROSURGERY; CANCER SERVICES - MEDICAL ONCOLOGY AND RADIATION THERAPY; WOMEN'S HEALTH SERVICES, INCLUDING IMAGING, MATERNITY, BREAST HEALTH AND GYNECOLOGICAL CARE; ADVANCED DIAGNOSTIC IMAGING SERVICES, INCLUDING MRI, LOW-DOSE CT, DIGITAL X-RAY, PET, ULTRASOUND AND NUCLEAR MEDICINE; A BEHAVIORAL HEALTH CENTER WITH INPATIENT AND OUTPATIENT MENTAL HEALTH AND BEHAVIORAL HEALTH SERVICES; INFECTIOUS DISEASE CLINICAL SERVICES; PHYSICAL AND OCCUPATIONAL REHABILITATION PROGRAMS THAT FEATURE CARDIAC AND PULMONARY REHABILITATION PROGRAMS. IN FY24, THE TWO HOSPITALS HAD 23,551 ADMISSIONS, 659,603 OUTPATIENT VISITS, 958 BIRTHS, 15,019 SURGERIES, AND 112,716 EMERGENCY ROOM VISITS. THE URGENT CARE CENTERS HAD 127,810 VISITS OVER THE SAME PERIOD. THROUGH ITS COMMUNITY BENEFITS INITIATIVE, CCHC IS COMMITTED TO ENHANCING THE QUALITY OF AND ACCESS TO COMPREHENSIVE HEALTHCARE SERVICES FOR ALL CAPE COD RESIDENTS. THROUGH CONTINUOUS ASSESSMENT OF COMMUNITY NEEDS, COORDINATED PLANNING AND THE ALLOCATION OF RESOURCES, THIS COMMITMENT INCLUDES A SPECIAL FOCUS ON THE UNMET NEEDS OF THE FINANCIALLY DISADVANTAGED AND UNDERSERVED POPULATIONS ON CAPE COD. FROM THE PERIOD 10/1/2023 - 9/30/2024, CCHC COMMUNITY BENEFITS PROVIDED SUPPORT TO HEALTH AND HUMAN SERVICES ORGANIZATIONS AND ADDRESSED BARRIERS TO CARE BY ADDING SUPPORTIVE CONNECTORS IN THE CONTINUUM OF CARE. WE CONTINUED TO IMPLEMENT PROGRAMS AND PARTNER WITH COMMUNITY-BASED ORGANIZATIONS TO ADDRESS THE KEY THEMES AND PRIORITIES LISTED IN THE CURRENT COMMUNITY HEALTH NEEDS ASSESSMENT (CHNA). CCHC SUPPORTED PARTNERSHIPS WITH OVER 60 LOCAL NONPROFIT HEALTH AND HUMAN SERVICE ORGANIZATIONS AND A NETWORK OF FEDERALLY QUALIFIED HEALTH CENTERS THROUGH PROJECT SUPPORT AND GRANT INVESTMENTS TO IMPROVE THE HEALTH OF BARNSTABLE COUNTY RESIDENTS. HOSPITAL STAFF DEDICATED TIME AND EXPERTISE TO STRATEGIC PARTNERSHIPS, COALITIONS, AND TASK FORCE EFFORTS LOCALLY, REGIONALLY AND ACROSS MASSACHUSETTS. THIS YEAR (FY24) REPRESENTED THE MID-WAY POINT OF OUR CURRENT CHNA. THE KEY THEMES IDENTIFIED IN THE 2023-2025 CHNA INCLUDE HEALTHCARE ACCESS, HOUSING, BEHAVIORAL HEALTH, HEALTH EQUITY, ECONOMIC STRESS AND INSTABILITY, FOOD ACCESS, TRANSPORTATION, AGING, CHRONIC DISEASE, AND COVID IMPACT. AT THE HALFWAY MARK IN THE CURRENT CHNA, CCHC HAS TARGETED MANY OF THESE NEEDS. ONE OF THE KEY ACCOMPLISHMENTS OF THIS YEAR IS SETTING AND MEETING HEALTH EQUITY COMMUNITY BENEFITS INVESTMENT GOALS. CCHC COMMUNITY BENEFITS HAS BENCHMARKS IN PLACE TO HIT EACH YEAR TO ENSURE THE FINANCIAL INVESTMENTS WE MAKE IN THE COMMUNITY ALIGN WITH THE PERCENTAGE OF THE COUNTY'S POPULATION THAT IDENTIFY AS THE FOLLOWING HISTORICALLY UNDERINVESTED GROUPS: BLACK, BRAZILIAN/HISPANIC, LGBTQ+, PEOPLE WITH DISABILITIES, AND NON-ENGLISH SPEAKING AND/OR MIGRANT INDIVIDUALS. OTHER KEY ACCOMPLISHMENTS INCLUDE PROVIDING MILLIONS OF DOLLARS IN CHARITY CARE TO THE CAPE COD COMMUNITY, AS WELL AS INCREASING THE DIVERSITY OF OUR PROGRAMS AND PARTNERSHIPS TO ENSURE WE WORK WITH A BROAD RANGE OF ORGANIZATIONS AND PARTNERS THAT ARE INCLUSIVE ALONG THE LINES OF GEOGRAPHY, SERVICE LINE, RACE AND ETHNICITY, ORGANIZATION TYPE, ETC. THESE KEY ACCOMPLISHMENTS, AS WELL AS THE MANY OTHER COMMUNITY BENEFITS ACTIVITIES CCHC CONDUCTED THIS YEAR, WERE GUIDED BY THE FY24 STRATEGIC IMPLEMENTATION PLAN (SIP). EACH YEAR, THE SIP IS PUT TOGETHER WITH INPUT AND GUIDANCE FROM CCHC LEADERSHIP, THE COMMUNITY HEALTH COMMITTEE, AND OTHER COMMUNITY STAKEHOLDERS INCLUDING BARNSTABLE COUNTY HUMAN SERVICES AND BEHAVIORAL HEALTH SPECIALISTS. IT IDENTIFIES THE PRIORITIES, POTENTIAL PARTNERS, AND GOALS AND OBJECTIVES FOR THE IMPLEMENTATION PLAN WHICH WILL BE FOLLOWED IN THE NEXT REPORTING YEAR. THE PROVISION OF COMMUNITY BENEFITS IS AN IMPORTANT COMPONENT OF CCHC'S CHARITABLE ACTIVITIES TO ENSURE CCHC REMAINS STEADFAST TO THE MISSION AND REMAINS A STEWARD OF THE VALUABLE COMMUNITY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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