Stratis Health
- Assets
- $5.2m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 40
- Location
- Bloomington, MN
- Founding
- 12/1982
- Data as of
- 07/2022
- EIN
- 41-0971557
Organization Overview
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.
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Board, Officers & Key Employees
| 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 |
Financial Statements
| 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 |
Grants Awarded
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 |