STRATUM HEALTH SYSTEM INC (EIN 472508009) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Phone

9415525900

Tax Period

2023-10-01 to 2024-09-30

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.

Mission

STRATUM HEALTH SYSTEMS HELPS PATIENTS MANAGE THEIR HEALTH CARE NEED WHEREVER THEY LIVE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,000,000

Program Service Revenue $32,402,550

Investment Income $11,721,130

Other Revenue $208,878

TOTAL REVENUE $46,332,558

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,618,845

Fundraising Expenses $0

Program Expenses $27,115,727

Other Expenses $8,307,598

TOTAL EXPENSES $34,926,443

Year-over-Year Comparison

	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%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

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

Governance

Voting Members

Independent Members

Employees

459

Volunteers

210

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$2,051,802

Total Directors

$418,963

Key Employees

$266,180

Highest Compensated

reported

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

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

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

STRATUM HEALTH SYSTEM INC