Cape Cod Healthcare Inc
82% goes to programs $0 to raise $100 Strong reserves
Cape Cod Healthcare Inc is a 501(c)(3) organization based in Hyannis, Massachusetts, registered in 1985, with $162,733,699 in FY2023 revenue. CharityIndex grades it A, and it directs about 82% of spending to programs.
297 North Street Building 3, Hyannis, MA, 02601 EIN 22-2600704 Since 1985
Revenue (FY2023)
$162.7M
▲ 10.3% vs prior year
Health median: $840K
Expenses (FY2023)
$152.0M
Net assets
$293.1M
Employees
390
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
B+Program efficiency40% of the rating82% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Cape Cod Healthcare Inc: 82% to programs · $0 to raise $100 earns a B+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating23 mo reserves · +7% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Cape Cod Healthcare Inc: 23 mo reserves · +7% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Cape Cod Healthcare Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Cape Cod Healthcare Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
See schedule o
Contact & location
- Address
- 297 North Street Building 3, Hyannis, MA, 02601
- City
- Hyannis
- State
- Massachusetts
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $58.6M (FY2013) to $162.7M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $222.0MNet assets $293.1M
Operating margin
6.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$515.1M
Total liabilities
$222.0M
Net assets
$293.1M
Salaries & benefits
$49.8M
33% of expenses
Board members
16
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $162,733,699▲10.3% | $151,986,695▲7.2% | $293,119,205▲17.3% | $515,131,694▲11.1% | 990 |
| 2022 | $147,583,312▲8.1% | $141,737,210▲10.4% | $249,943,983▲9.2% | $463,459,033▲9.5% | 990 |
| 2021 | $136,489,603▼3.8% | $128,342,065▲0.9% | $228,874,355▼12.4% | $423,418,157▼5.3% | 990 |
| 2020 | $141,942,221▲21.9% | $127,164,508▲18.7% | $261,135,041▲10.9% | $447,036,647▲5.4% | 990 |
| 2019 | $116,473,308▲2.3% | $107,085,940▲0.5% | $235,448,289▲3.5% | $424,302,862▲5.1% | 990 |
| 2018 | $113,859,108▼5.3% | $106,556,752▲30.7% | $227,452,303▼3.5% | $403,786,407▲1.6% | 990 |
| 2017 | $120,248,216▲55.4% | $81,511,525▲13.1% | $235,610,782▲10.7% | $397,483,660▲14.7% | 990 |
| 2016 | $77,403,271▲20.4% | $72,066,117▲19.6% | $212,741,154▲22.9% | $346,544,186▲26.6% | 990 |
| 2015 | $64,296,495▲31.9% | $60,249,509▲32.7% | $173,116,714▲9.2% | $273,712,011▲9.6% | 990 |
| 2014 | $48,736,000▼16.8% | $45,394,028▼16.7% | $158,546,788▼1.8% | $249,657,904▲9.1% | 990 |
| 2013 | $58,593,159 | $54,515,433▲77.0% | $161,403,393▲11.0% | $228,783,560▲12.0% | 990 |
| 2012 | — | $30,802,738▼13.4% | $145,443,278▲5.5% | $204,220,000▲4.9% | 990 |
| 2011 | — | $35,575,399▲11.5% | $137,913,831▲22.7% | $194,680,808▲33.8% | 990 |
| 2010 | — | $31,907,681▲7.0% | $112,425,144▲23.4% | $145,495,235▼0.3% | 990 |
| 2009 | — | $29,824,810 | $91,097,218 | $145,892,352 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Michael K Lauf — $1,821,543 (1.20% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Michael K Lauf | President/ceo/trustee | 5 | $1,821,543 |
| Lori Jewett | Chief Operating Officer | 5 | $649,685 |
| Richard Silveria | Svp Finance/cfo | 5 | $621,401 |
| William Agel Md | Chief Medical Officer | 5 | $583,471 |
| John Paul Solverson | Svp/chief Information Officer | 5 | $546,119 |
| Michael G Jones Esq | Svp/clo/co-clerk | 5 | $517,829 |
| Jean Butler | Svp Finance | 5 | $413,144 |
| Christopher M Lawson | Svp/chief Development Officer | 5 | $393,224 |
| Michelle Skarbek | Vp Human Resources | 5 | $365,840 |
| Christian Brown | Svp Managed Care (until 5/24) | 4 | $355,402 |
| Elizabeth Dunton | Vp Employed Physician Group | 5 | $354,934 |
| Kumara D Sidhartha | See Schedule O | 5 | $341,207 |
| Michael Bachstein | Vp Facilities Management | 5 | $341,157 |
| Carter Hunt | Chief Operating Officer Fh | 5 | $340,025 |
| C Jeffrey Siegert Md | Trustee (as of 1/24) | 2 | $176,750 |
| Stephen Brooks Md | Trustee (as of 8/24) | 2 | $87,463 |
| Joseph Gergyes Md | Trustee (until 1/24) | 2 | $947 |
| Alexander Adduci Md | Trustee | 2 | — |
| Benjamin Levin Md | Physician | 0 | — |
| Bruce Johnston | See Schedule O | 5 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Cape Cod Emergency Associates LLP | Medical Services | $22,522,517 |
| Cape Cod Anesthesia Associates Inc | Medical Services | $7,540,102 |
| Optum360 LLC | Consulting | $6,391,503 |
| Hospital Billing Collection Svc | Consulting | $3,759,499 |
| Choate Hall Stewart LLP | Legal Fees | $2,490,212 |
Grants received · $193K total
14 grants to Cape Cod Healthcare Inc totaling $193K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $12,349 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $15,000 |
| Donor Advised Charitable Giving | Health | 2022 | $10,250 |
| T Rowe Price Program For Charitable Giving Inc | General operating | 2022 | $10,000 |
| Donor Advised Charitable Giving | Health | 2020 | $20,000 |
| Donor Advised Charitable Giving | Health | 2020 | $20,000 |
| Donor Advised Charitable Giving | Health | 2018 | $12,000 |
| Jewish Communal Fund | General support | 2018 | $10,000 |
| Cape Cod Healthcare Inc | General support | 2017 | $24,945 |
| National Philanthropic Tr | Public, societal benefit | 2017 | $20,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2017 | $8,000 |
| President and Fellows of Harvard College | Community gifts and charitable contributions | 2016 | $10,000 |
| Donor Advised Charitable Giving | Health & human services | 2016 | $10,000 |
| National Philanthropic Tr | Health | 2014 | $10,000 |
Grants made · $284K in FY2023
7 grants totaling $284K in FY2023. All grants made by Cape Cod Healthcare Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Barnstable County Sheriff's Office | Cmed services | $158,000 |
| Cape Cod Chamber of Commerce | Contribution | $50,000 |
| Cape Cod Baseball League Inc | Marketing event sponsorship | $25,000 |
| Nami Cape Cod Inc | Event sponsorship | $25,000 |
| Cape Kid Meals Inc | Marketing event sponsorship | $10,000 |
| Physician Health Services Inc | Contribution | $10,000 |
| Falmouth Chamber of Commerce | Marketing event sponsorship | $6,000 |
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Frequently asked questions
- Is Cape Cod Healthcare Inc a legitimate nonprofit?
- Yes. Cape Cod Healthcare Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 22-2600704, based in Hyannis, Massachusetts. Donations are tax-deductible.
- What is Cape Cod Healthcare Inc's EIN?
- Cape Cod Healthcare Inc's Employer Identification Number (EIN) is 22-2600704.
- How much revenue does Cape Cod Healthcare Inc report?
- Cape Cod Healthcare Inc reported $162,733,699 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Cape Cod Healthcare Inc's spending goes to programs?
- Cape Cod Healthcare Inc spends about 82% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Cape Cod Healthcare Inc have?
- CharityIndex grades Cape Cod Healthcare Inc A, based on program efficiency and fundraising cost.
- How much does Cape Cod Healthcare Inc's highest-paid employee make?
- The highest reported compensation on Cape Cod Healthcare Inc's latest Form 990 is $1,821,543, paid to Michael K Lauf (President/ceo/trustee).
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Data for Cape Cod Healthcare Inc (EIN 22-2600704) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.