Empath Health

Legal name: Stratum Health System Inc

Nonprofit profile at a glance

EIN
472508009
IRS 990 coverage
2015–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Clearwater, FL, US
Phone
(727) 467-7423
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Nonmonetary Support N.E.C.

Official website

Reported finances

Revenue
$14,103,046
Expenses
$8,207,905
Assets
$162,043,298
Liabilities
$27,450,462

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • JONATHAN FLEECE (PRESIDENT/CEO)

Highest reported compensation

  • JONATHAN FLEECE (PRESIDENT/CEO): $792,410 total reported compensation
  • TARRAH L LOWRY (CHIEF OPERATING OFFICER): $671,396 total reported compensation
  • SAIDA BOUHAMID (CFO): $508,497 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Redefining Health Care as Full Life Care. Here for all stages of care, for all dimensions of well-being and for all aspects dear to one's life.

What it reported doing in 2024

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 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.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% 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

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Assets have declined or grown slowly and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 63
  • Transparency & Controls: 100
  • Accountability: 90
  • Sustainability: 84
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 71.2%; rating input score 71
  • Program expense ratio: 71.1%; rating input score 71
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 6 of 6 controls in place; rating input score 100
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 83.3%; rating input score 83; 17th 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: 41.8%; rating input score 92; 92nd percentile among comparable filings
  • Total-asset coverage ratio: 19.74; rating input score 96; 96th percentile among comparable filings
  • Liabilities to assets ratio: 0.17; rating input score 63; 63rd percentile among comparable filings
  • Officer compensation ratio: 6.2%; rating input score 41; 41st percentile among comparable filings

Growth

  • Program expense growth: 9.7% per year; rating input score 100; 69th percentile among comparable filings
  • Revenue growth: 3.8% per year; rating input score 100; 32nd percentile among comparable filings
  • Asset growth: -0.2% per year; rating input score 0; 10th percentile among comparable filings

Details

  • What they do: 15 programs and campaigns described on the official site · 5 operating locations identified
  • Where the money goes: 71.2% of revenue deployed · 71.1% of spending went to programs
  • Governance: 5 of 6 board members independent · 9 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $5.8M in reported program spending
  • Leadership: top reported pay $792K · 10 people listed · 6 of 6 pay-setting controls reported
  • Consistency: 30 of 30 current checks pass
  • Schedules: 6 filed schedules · includes major donors, executive pay, and related organizations
  • Filing history: 10 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 28 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Officer compensation ratio scored 41/100.