Stratum Health System Inc
- Assets
- $159.2m
- Revenue
- $60.3m
- Investments
- $0.0
- Employees
- 669
- Location
- Sarasota, FL
- Founding
- 03/2015
- Data as of
- 09/2021
- EIN
- 47-2508009
Organization Overview
Stratum Health System Inc is located in Sarasota, FL. The organization was established in 2015. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., under the broad grouping of Health Care and related organizations. As of 09/2021, Stratum Health System Inc employed 669 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stratum Health System 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 09/2021, Stratum Health System Inc generated $60.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $92.1m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
STRATUM HEALTH SYSTEMS HELPS PATIENTS MANAGE THEIR HEALTH CARE NEED WHEREVER THEY LIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STRATUM HEALTH SYSTEM PROVIDES MANAGEMENT & ADMINISTRATIVE SUPPORT SERVICES TO THE HEALTH CARE OPERATIONS OF ITS RELATED HEALTHCARE ORGANIZATIONS: TIDEWELL HOSPICE, INC., TIDEWELL HOME HEALTH, LLC DBA APPROVED HOME HEALTH, KB HEALTH SOLUTIONS, LLC AND CORPAS HOME HEALTH CARE, TOGETHER DBA AVIDITY HOME HEALTH, AND CONNEXIS MEDICAL SERVICES, LLC AS WELL AS OTHER RELATED ENTITIES. TIDEWELL HOSPICE, INC. PROVIDES A FULL SPECTRUM OF PROGRAMS AND SERVICES DESIGNED TO RESPOND TO THE NEEDS OF PATIENTS AND FAMILIES THAT ARE LIVING WITH ADVANCED ILLNESS. TIDEWELL HOSPICE'S MISSION IS HELPING PEOPLE LIVE WELL BY PROVIDING CARE, COMFORT AND COMPASSION. TIDEWELL HOSPICE PROVIDED 428,135 PATIENT DAYS OF HOSPICE CARE TO PATIENTS AND THEIR FAMILIES THROUGHOUT SARASOTA, MANATEE, CHARLOTTE AND DESOTO COUNTIES. STRATUM PROVIDES MANAGEMENT, ADMINISTRATIVE AND TECHNICAL SUPPORT SERVICES RELATED TO QUALITY, COMPLIANCE, MEDICAL RECORDS, TECHNOLOGY, HUMAN RESOURCES, BILLING, FINANCIAL SERVICES, CONSULTING AND OTHER AREAS AS NEEDED TO SUPPORT THE PATIENT CARE OPERATIONS.
KB HEALTH SOLUTIONS, LLC AND CORPAS HOME HEALTH CARE, LLC OPERATE TOGETHER DOING BUSINESS AS AVIDITY HOME HEALTH. AVIDITY IS A MEDICARE-CERTIFIED HOME HEALTH AGENCY THAT SERVES SOUTHWEST FLORIDA. THE AGENCY FOCUSES ON DELIVERING HOME HEALTHCARE SOLUTIONS WITH THE MISSION OF DELIVERING COMPASSIONATE CARE WITH EXCELLENCE. AVIDITY PROVIDES SKILLED NURSING CARE SUCH AS WOUND CARE, POST-SURGICAL CARE AND PATIENT EDUCATION, AS WELL AS PHYSICAL, OCCUPATIONAL AND SPEECH THERAPIES AND OTHER RELATED SERVICES. AVIDITY SERVED OVER 6,500 PATIENTS IN FY21 PROVIDING OVER 127,000 PATIENT CARE VISITS.
TIDEWELL HOME HEALTH, LLC DBA APPROVED HOME HEALTH PROVIDES PRIVATE DUTY HOME HEALTH SERVICES TO PATIENTS IN SARASOTA, MANATEE, AND CHARLOTTE COUNTIES. PRIVATE DUTY SERVICES INCLUDE MAINLY ASSISTANCE WITH ACTIVITIES OF DAILY LIVING SUCH AS ASSISTANCE WITH BATHING, EATING, DRESSING AND TRANSFERRING, ALLOWING PATIENTS TO REMAIN IN THEIR HOMES. ALSO PROVIDED IS SKILLED NURSING CARE THAT ALLOWS PATIENTS TO RECEIVE ASSISTANCE WITH NEEDS SUCH AS MEDICATION MANAGEMENT OR DRESSING CHANGES. THE MISSION OF APPROVED HOME HEALTH IS TO HELP PEOPLE SAFELY REMAIN IN THEIR HOMES BY PROVIDING PROFESSIONAL QUALITY CARE. THE ORGANIZATION HAS BEEN IN OPERATION FOR 30 YEARS AND SERVED MORE THAN 200 NEW CLIENTS DURING FY21 AND PROVIDED IN EXCESS OF 137,000 HOURS OF CARE.
CONNEXIS MEDICAL SERVICES, LLC EXISTS TO HELP EXPAND ACCESS TO QUALITY HEALTH CARE AND RELATED COMMUNITY SERVICES. THE PHILOSOPHY IS THAT ALL PEOPLE SHOULD HAVE ACCESS TO QUALITY CARE AND SERVICES THROUGHOUT THE CONTINUUM OF LIFE. PHYSICIAN CARE SERVICES WERE PROVIDED DURING FY21 WITH OVER 10,000 VISITS MADE TO HOMES, ASSISTED LIVING FACILITIES AND NURSING FACILITIES, COMPLEMENTING THE SERVICES OFFERED BY OTHER ENTITIES IN THE STRATUM SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Fleece President | Officer | 40 | $688,328 |
Dr Neville Sarkari Chief Medical Officer | Officer | 40 | $510,354 |
Kim Kane Former Home Health Dir Of Marketing | 40 | $318,519 | |
Saida Bouhamid Chief Mission Financial Officer | Officer | 20 | $317,901 |
R Scott Gassett Former Chief Innov & Bus Dev Officer | 40 | $271,713 | |
Phillip Fioret Primary Care Physician | 40 | $259,963 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Black Tree Healthcare Consulting Llc Billing Collections | 9/29/21 | $160,738 |
Solaris Rehab Llc Medical And Health Care | 9/29/21 | $1,010,075 |
Blalock Walters Held & Johnson Pa Professional Fees | 9/29/21 | $212,698 |
Arlynn Lee Hansell Therapy And More Llc Oasis & Coding Review | 9/29/21 | $247,125 |
Morgan Lewis & Bockius Llp Professional Fees | 9/29/21 | $121,920 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $711,017 |
| Government grants | $0 |
| 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 | $711,017 |
| Total Program Service Revenue | $47,452,551 |
| Investment income | $1,379,184 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $674,395 |
| Net Gain/Loss on Asset Sales | $10,068,765 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $60,285,912 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $40,452,539 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $182,118 |
| Fees for services: Accounting | $93,962 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $324,052 |
| Fees for services: Other | $36,710,680 |
| Advertising and promotion | $486,869 |
| Office expenses | $3,524,750 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,274,901 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,905 |
| Interest | $61,407 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,277,553 |
| Insurance | $374,735 |
| All other expenses | $1,020,706 |
| Total functional expenses | $92,079,620 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,350 |
| Savings and temporary cash investments | $7,700,496 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,638,088 |
| 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 | $918,861 |
| Net Land, buildings, and equipment | $38,842,880 |
| Investments—publicly traded securities | $92,721,147 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $11,368,777 |
| Other assets | $6,289 |
| Total assets | $159,197,888 |
| Accounts payable and accrued expenses | $5,803,848 |
| Grants payable | $0 |
| Deferred revenue | $742,410 |
| 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 | $3,100,710 |
| Unsecured mortgages and notes payable | $29,601 |
| Other liabilities | $712,470 |
| Total liabilities | $10,389,039 |
| Net assets without donor restrictions | $148,808,849 |
| 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 | $159,197,888 |
Grants Awarded
Over the last fiscal year, Stratum Health System Inc has awarded $3,354,822 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Sarasota, FL PURPOSE: TRANSFER OF FUNDS TO SUPPORTED ORGANIZATION | $3,129,822 |
Sarasota, FL PURPOSE: TRANSFER OF FUNDS TO SUPPORTED ORGANIZATION | $225,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Stratum Health System Inc has recieved totaling $69,911.
| Awarding Organization | Amount |
|---|---|
Tidewell Foundation Inc Sarasota, FL PURPOSE: SUPPORT FOR COMMUNITY PROGRAMS | $69,911 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northeast Georgia Health System Inc Gainesville, GA | $318,580,244 | $216,241,807 |
Stratum Health System Inc Sarasota, FL | $159,197,888 | $60,285,912 |
Partners Cooperative Inc Atlanta, GA | $31,995,139 | $51,075,752 |
Covenant Health And Community Services Inc Pensacola, FL | $26,538,010 | $23,118,935 |
Jupiter Medical Center Physicians Group Inc Jupiter, FL | $7,041,500 | $16,868,605 |
Florida Association Of Free And Charitable Clinics Inc Jacksonville, FL | $451,895 | $10,115,345 |
Phoebe Foundation Inc Albany, GA | $20,206,779 | $3,551,981 |
Impact Health Sharing Inc Davie, FL | $573,808 | $3,439,853 |
Visiting Nurse Association & Hospice Foundation Inc Vero Beach, FL | $33,852,759 | $9,788,467 |
Hebrew Homes Captive Services Inc N Miami Beach, FL | $1,581,867 | $2,469,567 |
Suncoast Health Council Inc St Petersburg, FL | $957,545 | $1,940,129 |
Kenyarelief Org Cullman, AL | $1,331,657 | $1,506,038 |