LAKEWOOD RANCH, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)STRATUM HEALTH SYSTEM INC, founded in 2014, is a mid-sized nonprofit in the Health Care sector that reported $46.3M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11.4M, a strong 25% operating margin.
STRATUM HEALTH SYSTEM WAS CREATED TO ESTABLISH A COMPREHENSIVE SYSTEM ENABLING ACCESS TO POST-ACUTE HEALTH CARE SERVICES, BENEFITING THE COMMUNITY AND OTHER HEALTH CARE ORGANIZATIONS.
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...
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 433,839 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 EMPATH HOME HEALTH. EMPATH HOME HEALTH IS A MEDICARE-CERTIFIED HOME HEALTH AGENCY THAT SERVES SOUTHWEST...
KB HEALTH SOLUTIONS, LLC AND CORPAS HOME HEALTH CARE, LLC OPERATE TOGETHER DOING BUSINESS AS EMPATH HOME HEALTH. EMPATH HOME HEALTH 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. EMPATH HOME HEALTH 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 8,102 PATIENTS IN FY24 PROVIDING OVER 147,754 PATIENT CARE VISITS.
EMPATH PERSONAL CARE, 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...
EMPATH PERSONAL CARE, 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 33 YEARS AND SERVED MORE THAN 94 NEW CLIENTS DURING FY24 AND PROVIDED IN EXCESS OF 56,207 HOURS OF CARE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $46,332,558 | $34,718,621 | +0.3% |
| Expenses | $34,926,443 | $39,267,845 | -0.1% |
| Net Income | $11,406,115 | $-4,549,224 | -3.5% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CHRISTY HENDRICKS | CHIEF LEGAL OFFICER | 39.0 |
Officer
Director
|
$380,853 | $38,110 | $418,963 |
| JAN MILLER | CHAIR | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| KEVIN LOGAN | SECRETARY | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| THOMAS STUHLEY | VICE CHAIR | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| LINDA DE MELLO | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| MICHAEL USELTON | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| JONATHAN FLEECE | PRESIDENT/CEO | 20.0 |
Officer
|
$827,833 | $48,894 | $876,727 |
| PAULINE MAILEY | CHIEF NURSING OFFICER | 40.0 |
Officer
|
$241,483 | $28,948 | $270,431 |
| SAIDA BOUHAMID | CFO | 20.0 |
Officer
|
$447,125 | $38,556 | $485,681 |
| CECILLE RIGGS | SVP HOME HEALTH | 40.0 |
Key Emp
|
$229,231 | $36,949 | $266,180 |
| CHRISTOPHER MERRITT | SVP BUSINESS DEVELOPMENT - HOME HEALTH | 40.0 |
Highest
|
$166,177 | $3,015 | $169,192 |
| ERICA D RELL | PROFESSIONAL DEVELOPMENT LIASON | 40.0 |
Highest
|
$463,464 | $22,549 | $486,013 |
| JACQUELINE A BIK | CX - PRIMARY CARE PHYSIC | 40.0 |
Highest
|
$234,075 | $27,311 | $261,386 |
| JENNIFER M DAWES | PROFESSIONAL DEVELOPMENT LIASON | 40.0 |
Highest
|
$571,861 | $22,272 | $594,133 |
| TAYLOR D MEEKS | HH TERRITORY MANAGER | 40.0 |
Highest
|
$239,417 | $14,365 | $253,782 |
| CHARLES JOHNSON | FORMER CHIEF MISSION PEOPLE OFFICER | 40.0 |
|
$456,996 | $26,844 | $483,840 |
| DEBRA A MASON | FORMER PRESIDENT TIDEWELL FOUNDATION | 0.0 |
|
$0 | $0 | $219,939 |
| RAFAEL J SCIULLO | FORMER PRESIDENT | 0.0 |
|
$0 | $2,364 | $413,718 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $46,332,558 | $34,926,443 | $159,497,930 | $11,406,115 |
| 2023 | $34,718,621 | $39,267,845 | $136,520,395 | $-4,549,224 |
| 2022 | $64,895,933 | $70,534,759 | $149,098,432 | $-5,638,826 |
| 2021 | $60,285,912 | $92,079,620 | $159,197,888 | $-31,793,708 |
| 2020 | $46,132,974 | $44,236,737 | $204,934,383 | $1,896,237 |
| 2019 | $26,189,336 | $24,859,061 | $175,614,117 | $1,330,275 |
| 2018 | $28,607,805 | $16,946,722 | $174,118,809 | $11,661,083 |
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