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Nonprofiteer
← COOPER UNIVERSITY HOSPITAL CAPE REGIONAL INC

Form 990 for tax year 2022

Filed by COOPER UNIVERSITY HOSPITAL CAPE REGIONAL INC.

Totals

Total revenue
$139,824,806
Total expenses
$145,027,442
Contributions and grants received
$4,454,264
Grants paid
$27,315
Program service revenue
$130,789,117
Investment income
$4,165,804
Other revenue
$415,621
Total assets, end of year
$155,897,974
Total liabilities, end of year
$66,450,262
Net assets or fund balances, end of year
$89,447,712
Program services expenses (Part IX)
$109,589,724
Management and general expenses
$35,437,718
Fundraising expenses
$0
Program service expenses (Part III)
$109,589,724

Program services were 75.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $295,274

  • 1e · Government grants (contributions)

    $2,250,729

  • 1f · All other contributions, gifts and grants

    $1,908,261

  • 2a · Program service revenue: NET PATIENT SERVICE REVENUE

    total $127,603,681 · related or exempt $127,603,681

  • 2b · Program service revenue: OTHER HEALTHCARE RELATED REVENUE

    total $3,185,436 · related or exempt $3,185,436

  • 3 · Investment income

    total $2,564,378 · excluded $2,564,378

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $95,260

  • 6b · Less rental expenses

    real property $119,913

  • 6c · Rental income or loss

    real property -$24,653 · personal property $0

  • 6d · Net rental income or loss

    total -$24,653 · excluded -$24,653

  • 7a · Gross sales of assets other than inventory

    securities $1,601,426

  • 7c · Gain or loss

    securities $1,601,426

  • 7d · Net gain or loss

    total $1,601,426 · excluded $1,601,426

  • 8a · Fundraising events: gross income

    $60,474

  • 8a · Fundraising events: contributions included on line 1c

    $295,274

  • 8b · Fundraising events: direct expenses

    $60,474

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $107,208

  • 10b · Cost of goods sold

    $93,517

  • 10c · Net income from sales of inventory

    total $13,690 · excluded $13,690

  • 11a · Other revenue: CAFETERIA/VENDING MACHINE REVENUE

    total $405,872 · excluded $405,872

  • 11b · Other revenue: PATIENT TELEPHONE REVENUE

    total $20,712 · excluded $20,712

  • 11e · Other revenue, total

    $426,584

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,613 · program services $8,613

  • 2 · Grants to domestic individuals

    total $18,702 · program services $18,702

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $3,731,177 · program services $2,795,242 · management and general $935,935

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $55,308,504 · program services $41,434,815 · management and general $13,873,689

  • 8 · Pension plan contributions

    total $2,365,629 · program services $1,772,230 · management and general $593,399

  • 9 · Other employee benefits

    total $8,828,757 · program services $6,614,135 · management and general $2,214,622

  • 10 · Payroll taxes

    total $3,601,548 · program services $2,698,129 · management and general $903,419

  • 11a · Fees: management

    total $996,542 · program services $746,567 · management and general $249,975

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $439,898 · program services $329,553 · management and general $110,345

  • 11d · Fees: lobbying

    total $39,490 · program services $29,584 · management and general $9,906

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $413,513 · program services $309,787 · management and general $103,726

  • 11g · Fees: other

    total $19,584,325 · program services $14,671,756 · management and general $4,912,569 · fundraising $0

  • 12 · Advertising and promotion

    total $219,401 · program services $164,366 · management and general $55,035

  • 13 · Office expenses

    total $3,286,456 · program services $2,462,075 · management and general $824,381

  • 14 · Information technology

    total $2,072,425 · program services $1,552,574 · management and general $519,851

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $2,184,789 · program services $1,636,752 · management and general $548,037

  • 17 · Travel

    total $594,358 · program services $445,268 · management and general $149,090

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $912,196 · program services $683,379 · management and general $228,817

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $7,335,096 · program services $5,495,147 · management and general $1,839,949

  • 23 · Insurance

    total $1,570,139 · program services $1,176,282 · management and general $393,857

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $21,791,837 · program services $16,325,532 · management and general $5,466,305

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $4,465,982 · program services $3,345,727 · management and general $1,120,255

  • 24c · Other expenses: PHYSICIAN SERVICES

    total $3,725,000 · program services $3,725,000

  • 24d · Other expenses: MEDICAL STAFF EXPENSES

    total $858,933 · program services $643,477 · management and general $215,456

  • 24e · All other expenses

    total $674,132 · program services $505,032 · management and general $169,100

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,934,122 · end of year $242,522

  • 2 · Savings and temporary cash investments

    beginning of year $46,695 · end of year $46,705

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $16,541,959 · end of year $14,285,483

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $1,113,470 · end of year $647,043

  • 8 · Inventories for sale or use

    beginning of year $3,578,818 · end of year $3,250,666

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,372,405 · end of year $3,286,928

  • 10a · Land, buildings and equipment: cost or other basis

    $225,095,325

  • 10b · Land, buildings and equipment: accumulated depreciation

    $179,555,143

  • 10c · Land, buildings and equipment, net

    beginning of year $46,828,737 · end of year $45,540,182

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $119,351,970 · end of year $85,414,775

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $3,775,779 · end of year $3,183,670

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,091,719 · end of year $16,997,894

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $23,117,612 · end of year $27,004,819

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $51,308,062 · end of year $22,447,549

  • 27 · Net assets without donor restrictions

    beginning of year $104,768,747 · end of year $87,228,379

  • 28 · Net assets with donor restrictions

    beginning of year $1,257,815 · end of year $2,219,333

Mission and programs · 2022

Mission

THE MISSION OF CAPE REGIONAL MEDICAL CENTER, INC. ("CRMC") IS TO SERVE ITS COMMUNITY BY PROVIDING THE HIGHEST QUALITY AND MOST COST EFFECTIVE HEALTHCARE TO ALL. CRMC IS COMMITTED TO PROVIDING COMPREHENSIVE, QUALITY HEALTHCARE SERVICES, WHICH IMPROVE AND SUSTAIN THE HEALTH STATUS OF THE RESIDENTS PRIMARILY IN SOUTHERN NEW JERSEY. CRMC ASSURES ACCESSIBLE, COMPASSIONATE HEALTHCARE SERVICES THAT HONOR THE DIGNITY OF EVERY PERSON. CRMC WILL BE A LEADER IN DEFINING THE COMMUNITY'S HEALTHCARE NEEDS, IN PROVIDING APPROPRIATE SOLUTIONS, AND DEVELOPING A COMPREHENSIVE CONTINUUM OF CARE INCLUDING EDUCATION, PREVENTION, DISEASE MANAGEMENT AND RESTORATIVE PROGRAMS. PLEASE REFER TO THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT INCLUDED IN SCHEDULE O.

Activities or mission (Part I)

TO PROVIDE THE HIGHEST QUALITY HEALTHCARE TO OUR COMMUNITY.

  • EXPENSES INCURRED IN PROVIDING INPATIENT, OUTPATIENT AND EMERGENCY MEDICALLY NECESSARY 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 (STATEMENT OF PROGRAM SERVICES) WHICH INCLUDES DETAILED INFORMATION REGARDING THE VARIOUS SERVICES PROVIDED BY THIS ORGANIZATION.

    Expenses $109,589,724 · Grants $27,315 · Revenue $130,789,117

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Joanne Carrocino Fache

    PRESIDENT/CEO - TRUSTEE

    Total calculated
    $922,606
    From this org
    $853,045
    From related orgs
    $0
    Other
    $69,561
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $695,595
    Bonus
    $111,683
    Other
    $45,767
    Deferred
    $48,816
    Nontaxable benefits
    $20,745
    Filer's total
    $922,606
  • Mark R Gill

    VP FINANCE/CFO

    Total calculated
    $605,846
    From this org
    $538,902
    From related orgs
    $0
    Other
    $66,944
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $479,936
    Bonus
    $45,341
    Other
    $13,625
    Deferred
    $31,993
    Nontaxable benefits
    $34,951
    Filer's total
    $605,846
  • Samir Shaikh MD

    VP MED STAFF - TRUSTEE

    Total calculated
    $542,238
    From this org
    $0
    From related orgs
    $475,589
    Other
    $66,649
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $364,472 related
    Bonus
    $0 + $110,776 related
    Other
    $0 + $341 related
    Deferred
    $0 + $9,150 related
    Nontaxable benefits
    $0 + $57,499 related
    Filer's total
    $0 + $542,238 related
  • Andrea McCoy MD

    CHIEF MEDICAL OFFICER

    Total calculated
    $493,484
    From this org
    $428,358
    From related orgs
    $0
    Other
    $65,126
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $390,921
    Bonus
    $34,669
    Other
    $2,768
    Deferred
    $13,562
    Nontaxable benefits
    $51,564
    Filer's total
    $493,484
  • Byron K Hunter

    VP HUMAN RESOURCES

    Total calculated
    $416,524
    From this org
    $325,572
    From related orgs
    $0
    Other
    $90,952
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $297,472
    Bonus
    $26,059
    Other
    $2,041
    Deferred
    $37,389
    Nontaxable benefits
    $53,563
    Filer's total
    $416,524
  • Richard W Wheatley

    CHIEF INFORMATION OFFICER

    Total calculated
    $370,288
    From this org
    $319,233
    From related orgs
    $0
    Other
    $51,055
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $291,940
    Bonus
    $22,995
    Other
    $4,298
    Deferred
    $15,909
    Nontaxable benefits
    $35,146
    Filer's total
    $370,288
  • Thomas J Piratzky CFRE

    EXC DIR - CAPE REGIONAL FDN

    Total calculated
    $317,944
    From this org
    $279,228
    From related orgs
    $0
    Other
    $38,716
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $240,550
    Bonus
    $27,671
    Other
    $11,007
    Deferred
    $4,984
    Nontaxable benefits
    $33,732
    Filer's total
    $317,944
  • Adrienne Abbot

    CHIEF NURSING OFFICER

    Total calculated
    $314,877
    From this org
    $269,892
    From related orgs
    $0
    Other
    $44,985
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $247,384
    Bonus
    $20,943
    Other
    $1,565
    Deferred
    $8,427
    Nontaxable benefits
    $36,558
    Filer's total
    $314,877
  • Anne M Bologno

    VP PHYS INTEGRATION

    Total calculated
    $289,608
    From this org
    $242,978
    From related orgs
    $0
    Other
    $46,630
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $209,806
    Bonus
    $32,320
    Other
    $852
    Deferred
    $12,936
    Nontaxable benefits
    $33,694
    Filer's total
    $289,608
  • Richard Artymowicz Pharm D

    DIRECTOR OF PHARMACY

    Total calculated
    $267,212
    From this org
    $211,284
    From related orgs
    $0
    Other
    $55,928
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $191,333
    Bonus
    $15,506
    Other
    $4,445
    Deferred
    $5,158
    Nontaxable benefits
    $50,770
    Filer's total
    $267,212
  • James Nuss Pharm D

    PHARMACIST

    Total calculated
    $254,034
    From this org
    $196,703
    From related orgs
    $0
    Other
    $57,331
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $167,622
    Bonus
    $0
    Other
    $29,081
    Deferred
    $9,946
    Nontaxable benefits
    $47,385
    Filer's total
    $254,034
  • Thomas Sigmund

    DIRECTOR OF FINANCE

    Total calculated
    $244,917
    From this org
    $187,083
    From related orgs
    $0
    Other
    $57,834
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $166,617
    Bonus
    $19,822
    Other
    $644
    Deferred
    $6,818
    Nontaxable benefits
    $51,016
    Filer's total
    $244,917
  • Susan Johnson Pharm D

    PHARMACIST

    Total calculated
    $243,083
    From this org
    $211,682
    From related orgs
    $0
    Other
    $31,401
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $192,963
    Bonus
    $0
    Other
    $18,719
    Deferred
    $0
    Nontaxable benefits
    $31,401
    Filer's total
    $243,083
  • Veneracion Lowrie

    REGISTERED NURSE

    Total calculated
    $218,709
    From this org
    $186,259
    From related orgs
    $0
    Other
    $32,450
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $155,819
    Bonus
    $29,648
    Other
    $792
    Deferred
    $418
    Nontaxable benefits
    $32,032
    Filer's total
    $218,709
  • Joanne Vaul

    FORMER KE/CURRENT PART-TIME EE

    Total calculated
    $123,581
    From this org
    $123,581
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

    Schedule J breakdown matched by us

    Base
    $99,013
    Bonus
    $23,000
    Other
    $1,568
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $123,581
  • Richard A Michner MD

    VP MEDICAL STAFF - TRUSTEE

    Total calculated
    $2,500
    From this org
    $2,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Richard Werman Do

    TRUSTEE

    Total calculated
    $2,500
    From this org
    $2,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Garry Gilbert

    CHAIRMAN - TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Robert A Fineberg Esq

    VICE CHAIRMAN - TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Henry S Brzyski

    SECRETARY/TREASURER - TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Ralph Autuore

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Ellen Kravet Burke

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Thomas F Dierkes Do

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Mary Anne Francisco RN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Herbert L Hornsby Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Pastor Willie Johnson Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Barbara St Clair

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Suzanne Walters

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • William Wenzel Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Bill Yoh

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 6a · Pay contingent on this organization's net earnings
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I; QUESTION 4B
THE DEFERRED COMPENSATION AMOUNT REPORTED IN SCHEDULE J, PART II, COLUMN C FOR THE FOLLOWING INDIVIDUALS INCLUDES UNVESTED BENEFITS IN AN INTERNAL REVENUE CODE SECTION 457(F) PLAN (NON-QUALIFIED DEFERRED COMPENSATION PLAN) WHICH ARE SUBJECT TO A SUBSTANTIAL RISK OF COMPLETE FORFEITURE. ACCORDINGLY, THE INDIVIDUALS MAY NEVER ACTUALLY RECEIVE THIS UNVESTED BENEFIT AMOUNT. THE AMOUNTS OUTLINED HEREIN WERE NOT INCLUDED IN EACH INDIVIDUAL'S 2022 FORM W-2, BOX 5 AS TAXABLE MEDICARE WAGES: JOANNE CARROCINO, FACHE, $45,356; MARK R. GILL, $34,311, AND BYRON K. HUNTER, $21,166.
SCHEDULE J, PART I; QUESTION 6A
THE DEFERRED COMPENSATION AMOUNT REPORTED IN SCHEDULE J, PART II, COLUMN C MAY INCLUDE ADDITIONAL CONTRIBUTIONS MADE BY CAPE REGIONAL MEDICAL CENTER ("CRMC") TO EMPLOYEES THAT PARTICIPATE IN THE CRMC INTERNAL REVENUE CODE SECTION 403(B) DEFINED CONTRIBUTION RETIREMENT PLAN. ACCORDING TO ARTICLE 35 OF CRMC'S COLLECTIVE BARGAINING AGREEMENT, IF CRMC'S AUDITED INCOME FROM OPERATIONS AS REPORTED IN ITS AUDITED FINANCIAL STATEMENTS EXCEEDS CERTAIN THRESHOLDS OUTLINED IN THE COLLECTIVE BARGAINING AGREEMENT, CRMC WILL CONTRIBUTE ADDITIONAL FUNDS INTO EACH PARTICIPATING MEMBER'S INTERNAL REVENUE CODE SECTION 403(B) DEFINED CONTRIBUTION RETIREMENT PLAN ACCOUNT.
SCHEDULE J, PART I; QUESTION 7
CERTAIN INDIVIDUALS INCLUDED IN SCHEDULE J, PART II RECEIVED A BONUS DURING CALENDAR YEAR 2022 WHICH AMOUNTS WERE INCLUDED IN COLUMN B(II) HEREIN AND IN EACH INDIVIDUAL'S 2022 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES. PLEASE REFER TO THIS SECTION OF THE FORM 990, SCHEDULE J FOR THIS INFORMATION BY PERSON BY AMOUNT.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • CRPT MGMT SVCS LLC

    MANAGMENT SVCS · NJ

    Directly controlled by NA

  • CR MIRACLES

    FITNESS CENTER · NJ

    Directly controlled by NA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CAPE REGIONAL HEALTH ENTERPRISES

    C CORP. · HEALTHCARE MGT · NJ

    Directly controlled by NA

  • CAPE CARDIOLOGY ASSOCIATES INC

    C CORP. · HEALTHCARE SVCS · NJ

    Directly controlled by NA

  • CAPE IMAGING SERVICES

    C CORP. · HEALTHCARE SVCS · NJ

    Directly controlled by NA

  • CAPE PHYSICIANS ASSOCIATES PA

    C CORP. · HEALTHCARE SVCS · NJ · 100% owned · share of income $31,430,626 · share of assets $6,955,035 · controlled entity

    Directly controlled by CRMC

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202343189349307604

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