CAPE REGIONAL HEALTH SYSTEM INC

EIN: 222629594 501(c)(3) Health Care

CAPE MAY COURT HOUSE, NJ

Total Revenue
$161,827
Total Expenses
$11,968
Total Assets
$66,130,182
Net Assets
$62,154,426
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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
NJ
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

TO CONTINUALLY DEVELOP AND OPERATE A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM.

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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%)

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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

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Governance

Voting Members
16
Independent Members
12
Employees
N/A
Volunteers
12

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
4
$861,896
Total Directors
17
$1,990,906
Key Employees
0
$0
Highest Compensated
0
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
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