CAPE CANAVERAL HOSPITAL INC

EIN: 592477479 501(c)(3) Health Care

ROCKLEDGE, FL

Total Revenue
$197,725,415
Total Expenses
$190,601,421
Total Assets
$487,459,807
Net Assets
$112,126,184
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
FL
Principal Officer
TAYLOR K SMITH
Phone
3214345150
Tax Period
2022-10-01 to 2023-09-30

CAPE CANAVERAL HOSPITAL INC, founded in 1984, is a major nonprofit in the Health Care sector that reported $197.7M in total revenue in fiscal year 2022. Expenses of $190.6M left a modest 4% surplus.

Mission

OUR TEAM IMPROVING THE WELLNESS AND HEALTH OF YOU AND YOUR FAMILY THROUGH EXCELLENT AND COMPASSIONATE HEALTH CARE.

Program Service Accomplishments

Program 1
Expenses: $159,226,937 Revenue: $196,229,990

HEALTH FIRST'S CAPE CANAVERAL HOSPITAL (CCH) IS A FULL SERVICE, NOT-FOR-PROFIT HOSPITAL FEATURING A CERTIFIED BABY-FRIENDLY MOTHER/BABY UNIT, FULLY EQUIPPED SURGICAL SERVICES, A STATE-OF-THE-ART...

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HEALTH FIRST'S CAPE CANAVERAL HOSPITAL (CCH) IS A FULL SERVICE, NOT-FOR-PROFIT HOSPITAL FEATURING A CERTIFIED BABY-FRIENDLY MOTHER/BABY UNIT, FULLY EQUIPPED SURGICAL SERVICES, A STATE-OF-THE-ART CANCER PROGRAM AND FULL-SERVICE LABORATORY. CCH FEATURES 150 BEDS AND HAS OVER 200 HIGHLY SKILLED ATTENDING PHYSICIANS.THE WOMEN'S DIAGNOSTIC CENTER FEATURES STATE-OF-THE-ART, PERSONALIZED SERVICES INCLUDING DIGITAL MAMMOGRAPHY, ULTRASOUND, STEREOTACTIC BREAST BIOPSY, AND MRI BREAST IMAGING AND IS ACCREDITED BY THE AMERICAN COLLEGE OF RADIOLOGY AND THE U.S. FOOD AND DRUG ADMINISTRATION. AS PART OF THE WOMEN'S SERVICE LINE, THERE WERE APPROXIMATELY 814 BIRTHS DURING THE FISCAL YEAR.THE FACILITY ALSO OPERATES A SEVEN-SUITE OPERATING ROOM, TWO-SUITE CATH LAB, TWO-SUITE GASTROINTESTINAL (GI)/ENDOSCOPY AREA THAT ARE AVAILABLE FOR BOTH INPATIENT AND OUTPATIENT PROCEDURES. CCH ALSO BOASTS VITALWATCH EICU, WHICH COMBINES TELEMEDICINE, SOFTWARE AND 24/7 ELECTRONIC MONITORING TECHNOLOGY.ADDITIONALLY, CCH INCLUDES A 24-BED EMERGENCY DEPARTMENT AND AN ADJOINING SIX-STORY MEDICAL PLAZA THAT INCLUDES PHYSICIAN'S OFFICES, A CONFERENCE CENTER, PRE-OPERATIVE TESTING, OUTPATIENT REGISTRATION FOR LABORATORY TESTING AND SAME-DAY SURGERY, AS WELL AS A HEALTH RESOURCE CENTER FOR THE COMMUNITY.CCH RECEIVED A 5-STAR RATING BY THE CENTERS FOR MEDICARE & MEDICAID SERVICES IN 2023 AND IS ACCREDITED BY THE JOINT COMMISSION AS A PRIMARY STROKE CENTER. AS PART OF THE U.S. NEWS & WORLD REPORT TOP HOSPITALIST LIST, CCH EARNED A HIGH PERFORMANCE RATING FOR HEART ATTACK CARE.CCH PROVIDES QUALITY MEDICAL HEALTHCARE REGARDLESS OF RACE, CREED, GENDER, NATIONAL ORIGIN, DISABILITY, AGE, OR ABILITY TO PAY, ALTHOUGH REIMBURSEMENT FOR SERVICES RENDERED IS CRITICAL TO THE OPERATION AND STABILITY OF THE HOSPITAL.IT IS RECOGNIZED THAT NOT ALL INDIVIDUALS POSSESS THE ABILITY TO PURCHASE ESSENTIAL MEDICAL SERVICES AND FURTHER, THAT OUR MISSION IS TO SERVE THE COMMUNITY WITH RESPECT TO PROVIDING HEALTHCARE SERVICES AND HEALTHCARE EDUCATION.IN KEEPING WITH THE HOSPITAL'S COMMITMENT, TO SERVE ALL MEMBERS OF ITS COMMUNITY:(1) FREE CARE AND/OR SUBSIDIZED CARE IS PROVIDED WHERE THE NEED AND/ORINABILITY TO PAY EXISTS AS DETERMINED BY HEALTH FIRST'S FINANCIAL ASSISTANCE POLICY.(2) CARE IS PROVIDED AT BELOW COST TO PERSONS COVERED BY GOVERNMENTALPROGRAMS SUCH AS MEDICARE AND MEDICAID.(3) FREE WELLNESS AND HEALTH ACTIVITIES AND PROGRAMS ARE PROVIDED TO THE COMMUNITY. THESE ACTIVITIES INCLUDE WELLNESS PROGRAMS, COMMUNITY EDUCATION PROGRAMS, SPECIAL PROGRAMS FOR ELDERLY, HANDICAPPED, ANDMENTALLY UNDERSERVED ALONG WITH A VARIETY OF BROAD COMMUNITY SUPPORT ACTIVITIES.AS A NOT-FOR-PROFIT HOSPITAL, CCH IS SUPPORTED IN PART BY CONTRIBUTIONS TO THE HEALTH FIRST FOUNDATION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $690,623
Program Service Revenue $196,236,201
Investment Income $362,086
Other Revenue $436,505
TOTAL REVENUE $197,725,415

Expense Breakdown

Grants Paid $137,910
Salaries & Benefits $86,034,633
Fundraising Expenses $0
Program Expenses $159,226,937
Other Expenses $104,428,878
TOTAL EXPENSES $190,601,421

Year-over-Year Comparison

2022 2021 Change
Revenue $197,725,415 $191,003,314 +0.0%
Expenses $190,601,421 $173,890,561 +0.1%
Net Income $7,123,994 $17,112,753 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
9
Employees
N/A
Volunteers
198

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
9
$5,514,313
Total Directors
13
$3,694,041
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN P JOHNSON PRESIDENT/CEO HFI (END 02/2023) 2.00
Officer Director
$0 $25,072 $2,208,499
BRETT A ESROCK EXEC VP CFO/COO/ASST TREAS (BEG 01/2023) 5.00
Officer Director
$0 $26,499 $761,751
SHERRI CAPLAN DO MEDICAL STAFF PRES (END 12/2022) 1.00
Director
$0 $16,872 $563,767
TAYLOR K SMITH CHAIR/ INTERIM CEO HFI (BEG 02/2023) 2.00
Officer Director
$0 $0 $61,634
JAMES C SHAW VICE CHAIR 1.00
Officer Director
$0 $0 $25,837
JOSEPH GURRI MD TRUSTEE 1.00
Director
$0 $0 $20,735
DANA S KILBORNE TREASURER 1.00
Officer Director
$0 $0 $18,000
LARRY S BISHOP MD TRUSTEE (BEG 10/2021) 1.00
Director
$0 $0 $13,559
ROBERT K HENRY TRUSTEE 1.00
Director
$0 $0 $12,368
ALAN L PRESTWOOD TRUSTEE 1.00
Director
$0 $0 $7,891
SCOTT T MIKUEN SECRETARY 1.00
Officer Director
$0 $0 $0
KIM K PATRICK TRUSTEE 1.00
Director
$0 $0 $0
HANY GUIRGIS MD MEDICAL STAFF PRES CCH (BEG 1/2023) 1.00
Director
$0 $0 $0
MICHAEL A SCIALDONE EVP/CFO HFI (END 01/2023) 2.00
Officer
$0 $21,100 $917,976
NICHOLAS W ROMANELLO ESQ ASSISTANT SECRETARY 2.00
Officer
$0 $29,300 $765,983
JEFFREY C STALNAKER MD SR VP CCO/ INTERIM CEO HOSP (BEG 01/2023) 2.00
Officer
$0 $24,632 $754,633
ANITA A DHOPLE PHYSICIAN ADVISOR 40.00
Highest
$0 $22,873 $339,333
DANIEL R BOWEN HOSPITAL ADMINISTRATOR 40.00
Highest
$0 $8,908 $282,905
CLAY D SMITH RN 40.00
Highest
$0 $26,386 $235,214
EDWARDS B ROBERTS II VP OF NURSING COMM HOSPITAL 40.00
Highest
$0 $24,978 $214,167
MICHELLE S ROGERS SYS DIR HOME CARE PRIVATE 40.00
Highest
$0 $24,876 $215,943
JAMES S MITCHELL III FORMER EXEC VP/COO HFI (EN 0.00
$0 $5,007 $330,404
MARTIN W ISENMAN MD FORMER TRUSTEE (END 9/2021 0.00
$0 $0 $19,132
JOHN F BREITFELLER FORMER V CHAIR (END 9/2020 0.00
$0 $0 $14,356
DALE A DETTMER ESQ FORMER TRUSTEE (END 9/2019 0.00
$0 $0 $13,968
PAMELA A GATTO FORMER TRUSTEE (END 9/2021 0.00
$0 $0 $11,172
VICTOR M VARGAS FORMER MED AFFAIRS COMM. HOSP (END 07/22) 0.00
$0 $18,853 $423,175
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
2024 No data No data No data No data
2023 $197,725,415 $190,601,421 $487,459,807 $7,123,994
2022 $191,003,314 $173,890,561 $488,118,537 $17,112,753
2021 $177,946,199 $152,575,539 $195,965,388 $25,370,660
2020 $155,511,680 $167,984,292 $176,309,303 $-12,472,612
2019 $158,056,191 $147,404,060 $191,622,015 $10,652,131
2018 $149,568,549 $136,371,488 $185,468,061 $13,197,061
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