Stratacor
- Assets
- $481.5m
- Revenue
- $1.2b
- Investments
- $348.8m
- Employees
- 157
- Location
- Minneapolis, MN
- Founding
- 06/1997
- Data as of
- 12/2021
- EIN
- 41-1852523
Organization Overview
Stratacor is located in Minneapolis, MN. The organization was established in 1997. According to its NTEE Classification (E02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Health Care and related organizations. As of 12/2021, Stratacor employed 157 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stratacor is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Stratacor generated $1.2b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $1.1b during the year ending 12/2021. While expenses have increased by 1.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Stratacor has awarded 91 individual grants totaling $1,526,325. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE VARIOUS DENTAL SERVICE BENEFITS, RELATED HEALTH SERVICE BENEFITS AND ACCESS TO THE SAME TO PROMOTE THE ORAL HEALTH, HEALTH AND SOCIAL WELFARE OF THE COMMUNITIES SERVICED THROUGH ITS SUBSIDIARIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMPANY IS THE PARENT OF DELTA DENTAL OF MINNESOTA, DELTA DENTAL OF MINNESOTA FOUNDATION AND HEALTH VENTURES NETWORK, EACH OF WHICH ARE NOT FOR PROFIT SUBSIDIARIES ORGANIZED TO PROMOTE ORAL HEALTH, HEALTH AND/OR ACCESS TO THE SAME IN THE COMMUNITIES WE SERVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rodney A Young CEO & President, Vice Chair | OfficerTrustee | 22.3 | $1,952,199 |
Michael J Mcguire COO (through 11/2021) | Officer | 15 | $1,077,543 |
Tamera K Robinson Evp & Cfo/assistant Treasurer | Officer | 21.4 | $957,487 |
Stephanie A Albert VP & General Counsel/ Asst Secretary | Officer | 20.9 | $609,749 |
Forrest M Flint VP Strategy & Innovation | 16.5 | $412,151 | |
Carol M Houghtby Watson VP And Cao | 19.7 | $385,334 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pdg Pa Dental Claims | 12/30/21 | $41,386,612 |
Northland Dental Partners Dental Claims | 12/30/21 | $19,165,530 |
Dental Specialists Of Minnesota Pllc Dental Claims | 12/30/21 | $6,589,786 |
Decare Dental Llc Dental Services | 12/30/21 | $5,518,938 |
Modern Dental Professionals Minnesota Pc Dental Claims | 12/30/21 | $5,632,190 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| 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 | $0 |
| Total Program Service Revenue | $1,143,011,003 |
| Investment income | $1,331,570 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,382 |
| Net Gain/Loss on Asset Sales | $5,462,186 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,160,728,022 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $577,959 |
| Grants and other assistance to domestic individuals. | $13,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,911,874 |
| Compensation of current officers, directors, key employees. | $203,831 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,689,126 |
| Pension plan accruals and contributions | $356,304 |
| Other employee benefits | $2,588,679 |
| Payroll taxes | $438,563 |
| Fees for services: Management | $320,860 |
| Fees for services: Legal | $244,257 |
| Fees for services: Accounting | $56,553 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $119,909 |
| Fees for services: Other | $26,058,406 |
| Advertising and promotion | $275,662 |
| Office expenses | $2,384,501 |
| Information technology | $1,192,419 |
| Royalties | $0 |
| Occupancy | $865,219 |
| Travel | $2,295 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,036 |
| Interest | $9,361 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,642,428 |
| Insurance | $406,796 |
| All other expenses | $1,285,022 |
| Total functional expenses | $1,137,185,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $54,960,605 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,888,305 |
| 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 | $1,141,832 |
| Net Land, buildings, and equipment | $9,990,292 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $348,809,157 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,728,742 |
| Total assets | $481,518,933 |
| Accounts payable and accrued expenses | $67,220,315 |
| Grants payable | $0 |
| Deferred revenue | $83,447 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $180,485 |
| Total liabilities | $67,484,247 |
| Net assets without donor restrictions | $0 |
| 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 | $414,034,686 |
| Total liabilities and net assets/fund balances | $481,518,933 |
Grants Awarded
Over the last fiscal year, Stratacor has awarded $457,175 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: NCAA WOMEN'S FINAL FOUR AND 50TH ANNIVERSARY OF TITLE IX | $62,500 |
St Paul, MN PURPOSE: DENTAL PREVENTION FOR INDIVIDUALS WITH SERIOUS AND PERSISTENT MENTAL ILLNESS | $50,000 |
Saint Paul, MN PURPOSE: PARTNERSHIP FOR A CONNECTED MN - TECHNOLOGY ACCESS FOR LOW-INCOME CHILDREN AND FAMILIES | $50,000 |
St Paul, MN PURPOSE: INSURANCE AND DENTAL CARE COORDINATION FOR LOW-INCOME INDIVIDUALS AND FAMILIES | $50,000 |
Washington, DC PURPOSE: BRIDGE TO BENEFITS - SUPPORT FOR PUBLIC PROGRAM NAVIGATION TOOL | $30,000 |
Maplewood, MN PURPOSE: CHILDREN AND FAMILY'S ORAL HEALTH EDUCATION | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa Health System West Des Moines, IA | $1,741,446,215 | $439,634,452 |
Lakeland Care Incorporated Fond Du Lac, WI | $68,677,020 | $359,024,489 |
Trinity Health Minot, ND | $47,519,080 | $127,823,873 |
Prairie Ridge Health Inc Columbus, WI | $115,722,421 | $72,093,110 |
Shell Oil Dental Assistance Plan Des Moines, IA | $11,886,850 | $30,530,213 |
Rhsc Inc Minneapolis, MN | $4,939,885 | $27,287,465 |
Northwood Deaconess Health Center Northwood, ND | $11,795,273 | $15,734,544 |
North Point Health & Wellness Center Inc Minneapolis, MN | $5,610,178 | $11,038,360 |
Agrisafe Network Inc Peosta, IA | $594,997 | $1,212,292 |
Empira Inc Roseville, MN | $125,166 | $0 |
Minnesota Community Healthcare Network Minneapolis, MN | $117,827 | $562,621 |
Riverwood Medical Properties Llc Aitkin, MN | $5,040,628 | $126,000 |