CAPE REGIONAL HEALTH SYSTEM INC

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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

JOANNE CARROCINO FACHE

Phone

6094632471

Tax Period

2023-01-01 to 2023-12-31

CAPE REGIONAL HEALTH SYSTEM INC, founded in 1984, is a small nonprofit in the Health Care sector that reported $162K in total revenue in fiscal year 2023. Revenue surged 315% from the prior year, signaling strong growth momentum. The organization ran a surplus of $150K, a strong 93% operating margin.

Mission

THE MISSION OF CAPE REGIONAL HEALTH SYSTEM, INC. IS TO CONTINUALLY DEVELOP AND OPERATE A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM WHICH INCLUDES CAPE REGIONAL MEDICAL CENTER, INC.; AN INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT HOSPITAL ORGANIZATION THAT PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR AABILITY TO PAY. PLEASE REFER TO THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT INCLUDED IN SCHEDULE O.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

EXPENSES INCURRED IN FUNCTIONING AS THE TAX-EXEMPT PARENT ORGANIZATION OF A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM WHICH INCLUDES CAPE REGIONAL MEDICAL CENTER, INC.; AN INTERNAL REVENUE...

EXPENSES INCURRED IN FUNCTIONING AS THE TAX-EXEMPT PARENT ORGANIZATION OF A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM WHICH INCLUDES CAPE REGIONAL MEDICAL CENTER, INC.; AN INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION THAT PROVIDES MEDICALLY NECESSARY HEALTHCARE 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.

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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 $0

Program Service Revenue $0

Investment Income $60,950

Other Revenue $100,877

TOTAL REVENUE $161,827

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $11,968

TOTAL EXPENSES $11,968

Year-over-Year Comparison

	2023	2022	Change
Revenue	$161,827	$38,985	+3.2%
Expenses	$11,968	$1,628	+6.4%
Net Income	$149,859	$37,357	+3.0%

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

N/A

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

$861,896

Total Directors

$1,990,906

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOANNE CARROCINO FACHE	TRUSTEE - PRESIDENT/CEO CRMC	55.0	Officer Director	$0	$101,700	$861,896
SAMIR SHAIKH MD	TRUSTEE	55.0	Director	$0	$70,046	$612,235
Tooba Fayyaz DO	Trustee- VP Medical Staff	55.0	Director	$0	$28,736	$508,533
RICHARD A MICHNER MD	TRUSTEE	1.0	Director	$0	$0	$8,242
GARRY GILBERT	CHAIRMAN - TRUSTEE	1.0	Officer Director	$0	$0	$0
ROBERT A FINEBERG ESQ	VICE CHAIRMAN - TRUSTEE	1.0	Officer Director	$0	$0	$0
HENRY S BRZYSKI	SECRETARY/TREASURER - TRUSTEE	1.0	Officer Director	$0	$0	$0
RALPH AUTUORE	TRUSTEE	1.0	Director	$0	$0	$0
ELLEN KRAVET BURKE	TRUSTEE	1.0	Director	$0	$0	$0
THOMAS F DIERKES DO	TRUSTEE	1.0	Director	$0	$0	$0
MARY ANN FRANCISCO RN	TRUSTEE	1.0	Director	$0	$0	$0
HERBERT L HORNSBY JR	TRUSTEE	1.0	Director	$0	$0	$0
PASTOR WILLIE JOHNSON JR	TRUSTEE	1.0	Director	$0	$0	$0
SUZANNA WALTERS	TRUSTEE	1.0	Director	$0	$0	$0
WILLIAM WENZEL JR	TRUSTEE	1.0	Director	$0	$0	$0
BILL YOH	TRUSTEE	1.0	Director	$0	$0	$0
BARBARA ST CLAIR	TRUSTEE (decd 1/2023)	1.0	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	No data	No data	No data	No data
2023	$161,827	$11,968	$66,130,182	$149,859
2022	$38,985	$1,628	$59,772,296	$37,357
2021	$110,762	$22,628	$56,644,845	$88,134
2020	$6,020	$14,423	$55,789,774	$-8,403
2019	$95,078	$21,911	$54,640,494	$73,167
2018	$94,047	$22,022	$46,907,750	$72,025