Gradian Health Systems Inc
- Assets
- $33.5m
- Revenue
- $17.2m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/2015
- Data as of
- 12/2023
- EIN
- 27-2092828
Organization Overview
Gradian Health Systems Inc is located in New York, NY. The organization was established in 2015. According to its NTEE Classification (E70) the organization is classified as: Public Health, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gradian Health Systems Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Gradian Health Systems Inc generated $17.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $8.6m during the year ending 12/2023. While expenses have increased by 10.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Gradian Health Systems Inc has awarded 99 individual grants totaling $1,750,428. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRADIAN HEALTH SYSTEMS, INC. (GRADIAN) IS A NONPROFIT MEDICAL TECHNOLOGY COMPANY THAT WORKS IN PARTNERSHIP WITH HEALTHCARE PROVIDERS TO DESIGN AND INTRODUCE USER-CENTRIC SOLUTIONS THAT ADDRESS GAPS IN TECHNOLOGY, TRAINING, AND CUSTOMER SERVICE. SINCE 2011, GRADIAN HAS DEVELOPED HIGH-QUALITY MEDICAL EQUIPMENT TO IMPROVE ANESTHESIA AND CRITICAL CARE AND HAS DISTRIBUTED THIS EQUIPMENT ACROSS MORE THAN 35 LOW-INCOME COUNTRIES WITH POOR INFRASTRUCTURE. GRADIAN SUPPORTS PRODUCT USERS THROUGH A ROBUST LOCAL SERVICE MODEL, WHICH INCLUDES CLINICAL USER TRAINING AND ONGOING TECHNICAL SUPPORT. GRADIAN IS HEADQUARTERED IN NEW YORK, USA AND HAS A SUBSIDIARY WITH OFFICES IN NAIROBI, KENYA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James H Simons Chairperson | 1 | $0 | |
Marilyn H Simons Director | 1 | $0 | |
David Ellis Acker Director | 1 | $0 | |
Dr Nils Daulaire Director | 1 | $0 | |
Marina Shmoukler Director | 1 | $0 | |
Lina Sayed Ceo/director | 40 | $370,600 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nishitha Kulshreshtha | 12/30/23 | $198,000 |
Diaspora African Forum Foundation | 12/30/23 | $120,000 |
Pkf O'connor Davies Llp | 12/30/23 | $69,996 |
Dr Arthur Kwizera | 12/30/23 | $77,050 |
Riti Karnad | 12/30/23 | $102,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $18,525,572 |
| Interest on Savings | $3,081 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | -$1,315,477 |
| Other Income | $35 |
| Total Revenue | $17,213,211 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $437,683 |
| Other employee salaries and wages | $1,954,060 |
| Pension plans, employee benefits | $671,847 |
| Interest | $569 |
| Taxes | $122 |
| Depreciation | $167,811 |
| Occupancy | $911,198 |
| Travel, conferences, and meetings | $505,053 |
| Printing and publications | $4,529 |
| Other expenses | $2,599,253 |
| Total operating and administrative expenses | $8,564,920 |
| Contributions, gifts, grants paid | $44,815 |
| Total expenses and disbursements | $8,609,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $577,983 |
| Savings and temporary cash investments | $222,397 |
| Net Accounts receivable | $161,729 |
| Net Pledges Receivable | $24,529,502 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $4,083,366 |
| Prepaid expenses and deferred charges | $786,005 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $317,222 |
| Other assets | $2,790,716 |
| Total assets | $33,468,920 |
| Accounts payable and accrued expenses | $1,278,017 |
| Grants payable | $0 |
| Deferred revenue | $107,576 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $4,630,204 |
| Total liabilities | $6,015,797 |
Grants Awarded
Over the last fiscal year, Gradian Health Systems Inc has awarded $44,815 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MINISTRY OF HEALTH PURPOSE: TO SUPPORT CARE FOR PATIENTS AT THE HOSPITAL SPECIALIZING IN TREATMENT OF SPINAL CORD INJURIES | $22,772 |
MUHIMBILI NATIONAL HOSPITAL PURPOSE: TO SUPPORT CARE FOR PATIENTS AT THE HOSPITAL SPECIALIZING IN TREATMENT OF SPINAL CORD INJURIES | $13,500 |
PRESIDENT'S OFFICE AND LOCAL GOVERNMENT PURPOSE: TO INCREASE ACCESS TO CRITICAL CARE AND ESTABLISH PARTNERSHIP | $4,400 |
ROOF ABOVE INC PURPOSE: MATCHING GIFT | $600 |
NICK SIMONS INSTITUTE PURPOSE: TO INCREASE ACCESS TO CRITICAL CARE AND ESTABLISH PARTNERSHIP | $3,543 |