Stratis Health is located in Bloomington, 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 07/2022, 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 07/2022, Stratis Health generated $6.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.7%) each year. All expenses for the organization totaled $6.3m during the year ending 07/2022. As we would expect to see with falling revenues, expenses have declined by (13.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Stratis Health has awarded 43 individual grants totaling $41,349,595. 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
2022
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kenneth Johnson MBA Director, Chair (through 12/31/21), Immediate Past | OfficerTrustee | 2 | $0 |
Renee Frauendienst RN Bsn Cpi Director, Vice Chair (through 12/31/21) Chair (as | OfficerTrustee | 2 | $0 |
Arthur Berman MBA Director, Treasurer (through 12/31/21) | OfficerTrustee | 2 | $0 |
David Satin MD Director, Secretary (through 12/31/21) | OfficerTrustee | 2 | $0 |
Ruby Schoen Aprn Cnp Director, Vice Chair (as Of 1/1/22) | OfficerTrustee | 2 | $0 |
Jamie Carsello Director, Treasurer (as Of 1/1/22) | OfficerTrustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $5,060,103 |
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 | $5,060,103 |
Total Program Service Revenue | $1,289,662 |
Investment income | $1 |
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 | $6,349,766 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $66,700 |
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. | $472,571 |
Compensation of current officers, directors, key employees. | $191,724 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,744,598 |
Pension plan accruals and contributions | $120,652 |
Other employee benefits | $1,196,803 |
Payroll taxes | $276,661 |
Fees for services: Management | $0 |
Fees for services: Legal | $855 |
Fees for services: Accounting | $28,532 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $624,176 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $288,574 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $29,007 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $30,427 |
Insurance | $52,047 |
All other expenses | $203,060 |
Total functional expenses | $6,272,457 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $472,275 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $748,838 |
Accounts receivable, net | $725,432 |
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 | $81,388 |
Net Land, buildings, and equipment | $79,889 |
Investments—publicly traded securities | $3,105,768 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $5,213,590 |
Accounts payable and accrued expenses | $522,024 |
Grants payable | $0 |
Deferred revenue | $101,502 |
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 | $90,886 |
Other liabilities | $0 |
Total liabilities | $714,412 |
Net assets without donor restrictions | $4,499,178 |
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 | $5,213,590 |
Over the last fiscal year, Stratis Health has awarded $65,000 in support to 5 organizations.
Grant Recipient | Amount |
---|---|
ANNEX TEEN CLINIC PURPOSE: GRANT FOR BUILDING HEALTHIER COMMUNITIES IN MINNESOTA | $10,000 |
NATIVE AMERICAN COMMUNITY CLINIC PURPOSE: GRANT FOR BUILDING HEALTHIER COMMUNITIES IN MINNESOTA | $10,000 |
PILLSBURY UNITED COMMUNITIES PURPOSE: GRANT FOR BUILDING HEALTHIER COMMUNITIES IN MINNESOTA | $20,000 |
VISIONS MERGING (DBA GRAY MATTER) PURPOSE: GRANT FOR BUILDING HEALTHIER COMMUNITIES IN MINNESOTA | $10,000 |
HUE-MAN PARTNERSHIPS PURPOSE: GRANT FOR BUILDING HEALTHIER COMMUNITIES IN MINNESOTA | $15,000 |