Stratis Health
- Assets
- $5.3m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 40
- Location
- Minneapolis, MN
- Founding
- 12/1982
- Data as of
- 07/2021
- EIN
- 41-0971557
Organization Overview
Stratis Health is located in Minneapolis, MN. The organization was established in 1982. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 07/2021, Stratis Health employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stratis Health 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 07/2021, Stratis Health generated $5.8m 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 (16.0%) each year. All expenses for the organization totaled $6.0m during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (15.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Stratis Health has awarded 38 individual grants totaling $41,284,595. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LEADING COLLABORATION AND INNOVATION IN HEALTH CARE QUALITY AND SAFETY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer P Lundblad PHD MBA President & CEO | Officer | 40 | $270,886 |
Jane Pederson MD Chief Medical Quality Offi | 32 | $220,334 | |
Catherine Weik Mal Sphr Senior VP Admin | 40 | $183,356 | |
Elizabeth Jeppesen RN Bsn Senior VP Quality | 40 | $172,003 | |
Michael J Novak VP Finance/cfo | Officer | 40 | $154,713 |
Susan K Severson Cphit Cpehr VP Health Information Tech | 40 | $137,246 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,745,443 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,745,443 |
| Total Program Service Revenue | $2,054,732 |
| Investment income | $214 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,800,389 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $464,772 |
| Compensation of current officers, directors, key employees. | $188,560 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,691,516 |
| Pension plan accruals and contributions | $108,836 |
| Other employee benefits | $1,178,088 |
| Payroll taxes | $299,305 |
| Fees for services: Management | $17,167 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,421 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,167 |
| Fees for services: Other | $448,789 |
| Advertising and promotion | $0 |
| Office expenses | $54,960 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $353,875 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,730 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,513 |
| Insurance | $48,688 |
| All other expenses | $0 |
| Total functional expenses | $6,018,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $446,253 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $696,889 |
| Accounts receivable, net | $626,671 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $122,652 |
| Net Land, buildings, and equipment | $29,683 |
| Investments—publicly traded securities | $3,350,875 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,273,023 |
| Accounts payable and accrued expenses | $531,691 |
| Grants payable | $0 |
| Deferred revenue | $96,858 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $628,549 |
| Net assets without donor restrictions | $4,644,474 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,273,023 |
Grants Awarded
Over the last fiscal year, Stratis Health has awarded $1,001,015 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MPRO PURPOSE: SUBRECIPIENT ON CMS CONTRACT | $620,855 |
Madison, WI PURPOSE: SUBRECIPIENT ON CMS CONTRACT | $380,160 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Stratis Health has recieved totaling $245,000.
| Awarding Organization | Amount |
|---|---|
Ucare Minnesota Minneapolis, MN PURPOSE: FUNDING TO MAINTAIN AND EXPAND THE RESOURCE CENTERS LEADING ONLINE TOOLS TO BUILD SKILLS AND KNOWLEDGE. | $145,000 |
Ucare Foundation Minneapolis, MN PURPOSE: UPDATING CULTURE CARE CONNECTION WEBSITE TO PROVIDE AWARENESS OF HEALTH INEQUITIES | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sibley Medical Center Arlington, MN | $31,684,088 | $18,300,359 |
Be The Match Foundation Minneapolis, MN | $21,284,478 | $21,167,274 |
The Burke Foundation Inc Milwaukee, WI | $121,362,007 | $6,169,378 |
Stratis Health Minneapolis, MN | $5,273,023 | $5,800,389 |
Saint Therese St Louis Park, MN | $14,478,951 | $6,726,617 |
Vine And Branches Foundation Inc Brookfield, WI | $8,641,827 | $2,521,561 |
Association Of State Floodplain Managers Inc Madison, WI | $3,465,086 | $3,791,524 |
Hope Haven Support Foundation Rock Valley, IA | $16,499,629 | $3,667,660 |
Butler Family Foundation Dubuque, IA | $48,442,192 | $3,565,783 |
The Lifespace Foundation West Des Moines, IA | $10,594,688 | $4,860,714 |
Realty Holdings Inc Of The Quad Cities Community Foundation Bettendorf, IA | $2,330,664 | $13,430 |
Guardian Angels Of Elk River Inc Elk River, MN | $19,468,009 | $4,444,472 |