Gradian Health Systems Inc
- Assets
- $21.5m
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/2015
- Data as of
- 12/2021
- 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 12/2021, Gradian Health Systems Inc generated $7.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $8.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Gradian Health Systems Inc has awarded 91 individual grants totaling $1,666,086. 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
2021
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 SOLUTIONS, TRAINING, AND CUSTOMER SERVICE. SINCE 2011, GRADIAN HAS DEVELOPED AND DISTRIBUTED HIGH-QUALITY MEDICAL EQUIPMENT TO IMPROVE ANESTHESIA, CRITICAL CARE, AND OXYGEN THERAPY IN MORE THAN 35 COUNTRIES. GRADIAN SUPPORTS PRODUCT USERS THROUGH A ROBUST LOCAL CUSTOMER SERVICE MODEL, WHICH INCLUDES CLINICAL USER TRAINING AND ONGOING TECHNICAL SUPPORT. GRADIAN HAS OFFICES IN NEW YORK AND HAS A SUBSIDIARY IN KENYA, WITH OFFICES IN NAIROBI.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lina Sayed Ceo/director | 40 | $300,000 | |
David Etll COO | 40 | $221,292 | |
Hongmei Cao Finance Director | 40 | $132,000 | |
Sofia Stafford Director, Market Str | 40 | $106,250 | |
Cullen Ross Senior Product Manag | 40 | $98,125 | |
Emmanuel Montier Vice President, Finance And Adminis | 40 | $96,250 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nishitha Kulshreshtha | 12/30/21 | $175,000 |
Ali Sayed | 12/30/21 | $67,280 |
Nancy Knowles | 12/30/21 | $65,675 |
Pkf O'connor Davies Llp | 12/30/21 | $58,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,316,954 |
| Interest on Savings | $121 |
| 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 | -$44,885 |
| Other Income | -$12 |
| Total Revenue | $7,272,178 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $396,250 |
| Other employee salaries and wages | $1,333,345 |
| Pension plans, employee benefits | $490,293 |
| Interest | $0 |
| Taxes | $183 |
| Depreciation | $164,954 |
| Occupancy | $979,257 |
| Travel, conferences, and meetings | $383,671 |
| Printing and publications | $22,256 |
| Other expenses | $2,464,248 |
| Total operating and administrative expenses | $7,168,549 |
| Contributions, gifts, grants paid | $880,585 |
| Total expenses and disbursements | $8,049,134 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $877,886 |
| Savings and temporary cash investments | $222,013 |
| Net Accounts receivable | $455,294 |
| Net Pledges Receivable | $14,682,001 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $4,164,508 |
| Prepaid expenses and deferred charges | $484,081 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $504,158 |
| Other assets | $124,626 |
| Total assets | $21,514,567 |
| Accounts payable and accrued expenses | $408,727 |
| Grants payable | $0 |
| Deferred revenue | $64,524 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,491,611 |
| Total liabilities | $1,964,862 |
Grants Awarded
Over the last fiscal year, Gradian Health Systems Inc has awarded $880,585 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL INNOVATION CENTRE PURPOSE: TO PROVIDE OXYGEN CONCENTRATORS AND RELATED VENTILATION SUPPLIES AND EQUIPMENT TO NEPAL AND INDIA IN RESPONSE IN RESPONSE TO A SURGE IN COVID-19 CASES IN SPRING 2021 AND INCREASE HOSPITALS OXYGEN CAPACITY. | $347,913 |
PATAN ACADEMY OF HEALTH SCIENCES PURPOSE: TO PROVIDE OXYGEN CONCENTRATORS AND RELATED VENTILATION SUPPLIES AND EQUIPMENT TO NEPAL AND INDIA IN RESPONSE IN RESPONSE TO A SURGE IN COVID-19 CASES IN SPRING 2021 AND INCREASE HOSPITALS OXYGEN CAPACITY. | $294,901 |
MEDISPACE SOLUTIONS PURPOSE: TO PROVIDE OXYGEN CONCENTRATORS AND RELATED VENTILATION SUPPLIES AND EQUIPMENT TO NEPAL AND INDIA IN RESPONSE IN RESPONSE TO A SURGE IN COVID-19 CASES IN SPRING 2021 AND INCREASE HOSPITALS OXYGEN CAPACITY IN INDIA | $93,718 |
LEVY MWANAWASA UNIVERSITY TEACHING HOSPITAL PURPOSE: TO SUPPORT ZAMBIA'S COVID-19 RESPONSE AND INCREASE LEVY MWANAWASA UNIVERSITY TEACHING HOSPITAL OXYGEN CAPACITY. | $51,585 |
ASSOCIATION OF ANESTHESIOLOGISTS OF UGANDA PURPOSE: TO PROVIDE TRAINING FOR ANESTHESIA AND CRITICAL CARE PROVIDERS IN UGANDA. | $16,250 |
KISIIZI HOSPITAL PURPOSE: TO INCREASE ACCESS TO ANESTHESIA AND IMPROVE OUTCOMES OF SURGICAL PATIENTS IN LOW RESOURCE SETTINGS IN UGANDA | $13,622 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Gradian Health Systems Inc has recieved totaling $13,375,000.
| Awarding Organization | Amount |
|---|---|
Nick Simons Foundation New York, NY PURPOSE: TO SUPPORT GRADIAN'S MISSION TOSUPPLY MEDICAL EQUIPMENT IN LOW-RESOURCE HOSPITALS GLOBALLY | $6,500,000 |
Nick Simons Foundation New York, NY PURPOSE: TO SUPPORT GRADIAN'S MISSION TOSUPPLY MEDICAL EQUIPMENT IN LOW-RESOURCE HOSPITALS GLOBALLY (ROLLING PLEDGE) | $6,500,000 |
Nick Simons Foundation New York, NY PURPOSE: TO SUPPORT CAPITAL AND ADMINISTRATIVE COSTS TO PROVIDE OXYGEN CONCENTRATORS AND RELATED VENTILATION SUPPLIES AND EQUIPMENT FOR INDIA AND NEPAL IN RESPONSE TO COVID 19 | $375,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Visiting Nurse Association Of Southeastern Connecticut Inc Waterford, CT | $35,601,025 | $17,245,104 |
Spectrum Health Service Inc Philadelphia, PA | $21,459,031 | $22,165,615 |
Walpole Area Visiting Nurse Association Inc Walpole, MA | $9,639,737 | $11,196,875 |
Public Good Projects New York, NY | $3,040,032 | $8,988,626 |
Health Promotion Council Of Southeastern Pennsylvania Inc Philadelphia, PA | $4,768,529 | $8,462,838 |
Healthshare Of Southeastern Pennsylvania Inc Philadelphia, PA | $6,008,370 | $8,973,710 |
International Health Racquet And Sportsclub Association Boston, MA | $2,092,829 | $3,783,459 |
Global Healthy Living Foundationinc Upper Nyack, NY | $6,909,681 | $8,221,665 |
Gradian Health Systems Inc New York, NY | $21,514,567 | $7,272,178 |
Turnaround For Children Inc New York, NY | $10,240,102 | $6,726,239 |
Every Mother Counts New York, NY | $11,774,449 | $8,265,918 |
Kids Smiles Inc Norwood, PA | $2,528,024 | $5,826,185 |