Stratis Health
Nonprofit profile at a glance
- EIN
- 410971557
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Bloomington, MN, USA
- Phone
- 9528543306
- Rating
- 66
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Philanthropy, Voluntarism, and Grantmaking Foundations N.E.C.
Reported finances
- Revenue
- $6,775,937
- Expenses
- $7,519,115
- Assets
- $4,956,232
- Liabilities
- $856,248
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
23 people listed
Executive titles in this filing
- JENNIFER P LUNDBLAD PHD MBA (PRESIDENT & CEO)
Highest reported compensation
- JENNIFER P LUNDBLAD PHD MBA (PRESIDENT & CEO): $360,587 total reported compensation
- CATHERINE WEIK MAL SPHR (SENIOR VP, ADMINISTRATION/COMPLIANCE OFFICER): $252,303 total reported compensation
- JANE PEDERSON MD (CHIEF MEDICAL QUALITY OFFICER): $237,095 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Stratis health is a non-profit organization that leads collaboration and innovation is health care quality and safety, and serves as a trusted expert in facilitating improvement for people and communities.
What it reported doing in 2024
See schedule o.
Operating model
- Revenue model
- Grant-funded. 89% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 48
- Transparency & Controls: 87
- Accountability: 100
- Sustainability: 20
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 56.2%; rating input score 56
- Program expense ratio: 50.7%; rating input score 51
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -11%; rating input score 12; 12th percentile among comparable filings
- Total-asset coverage ratio: 0.66; rating input score 24; 24th percentile among comparable filings
- Liabilities to assets ratio: 0.17; rating input score 47; 47th percentile among comparable filings
- Officer compensation ratio: 21.3%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: -11.5% per year; rating input score 0; 2nd percentile among comparable filings
- Revenue growth: -3.9% per year; rating input score 0; 4th percentile among comparable filings
- Asset growth: -3.8% per year; rating input score 0; 5th percentile among comparable filings
Details
- Where the money goes: 56.2% of revenue deployed · 50.7% of spending went to programs
- Governance: 15 of 15 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $3.8M in reported program spending
- Leadership: top reported pay $361K · 23 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $142K reported
- Consistency: 28 of 28 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 11 filed money-flow records
- Related organizations: 5 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 56/100.
- Review — Financial Efficiency: Program expense ratio scored 51/100.
- High — Sustainability: Operating margin scored 12/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 24/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 11/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 47/100.