Stratacor

Not tax-deductible

Minneapolis, MN501(c)(4)Since 1996EIN 41-1852523Revenue $1.2B in FY2024

On file with the IRSdeltadentalmn.org500 Washington Ave S Ste 2060, 55415-1163 · Minneapolis, MNTax-exempt since Jun 1997

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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.

99¢ of each $1 spent went to programs.
$10.9M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $8.7M a year · under 1% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$10.9M
to officers and key staff · 0.9% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Fine: 0.6 months of spending in cash, plus $354.0M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$73.5M
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 14 voting members
Looks good: 9 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2B
+3% vs prior year
Spent
$1.2B
To programs
99%
Net assets
$395.1M
By yearFY2020–FY2024
Revenue
$1.2B
FY2024▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$993.7M
FY2021$1.2B
FY2022$1.1B
FY2023$1.2B
FY2024$1.2B
Expenses
$1.2B
FY2024▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$962.9M
FY2021$1.1B
FY2022$1.1B
FY2023$1.2B
FY2024$1.2B
Net assets
$395.1M
FY2024▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$384.6M
FY2021$414.0M
FY2022$350.4M
FY2023$377.0M
FY2024$395.1M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1997.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $1.2B Management & general 1% · $16.1M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

27 people listed on the 990; $10.9M paid to officers and key staff.

Part VII, Section A · reportable compensation
Chair/CEO/President
$3,646,131Pt VII · Sec A
$1,854,548Pt VII · Sec A
$1,345,141Pt VII · Sec A
$649,227Pt VII · Sec A
Chief Acctg Officer, Asst Treasurer
$628,282Pt VII · Sec A
SR VP & Insurance Division COO
$507,939Pt VII · Sec A
SVP, Gen. Counsel & Privacy Officer
$488,936Pt VII · Sec A
VP of Technology
$469,731Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Rodney a Young$3,646,131$2,510,954$2,155,976$1,952,199$1,683,190
Tamera K Robinson$1,854,548$1,320,859$1,059,289$957,487$826,637
Stephanie a Albert$1,345,141$898,305$717,051$609,749$507,764
Michael J McGuire——$508,915$1,077,543$761,087
Kathleen J Eiland-Madison$649,227$513,221$425,706$317,747—
Joseph P Lally Exec Dir——$638,775——
Carol M Houghtby Watson SVP$628,282————
Carol M Houghtby Watson—$514,703$434,418$385,334—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides dental and health service benefits, grants, and care access through its network of nonprofit subsidiaries to promote community oral health and wellness.

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Provided by the organization

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1 program · $1.2B · in their own filed words · FY2024
01

Stratacor is the parent of delta dental of minnesota, delta dental of minnesota foundation, delta dental of nebraska 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.

$1.2Bprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 98 grants · $1.8M · 2020–2024
Portico HealthnetMN · FY2024$33,500
The Sanneh Foundation INCMN · FY2024$25,500
University of St ThomasMN · FY2024$15,000
Bolder OptionsMN · FY2024$14,435
Unitemized GrantFY2024$14,250
Ann Bancroft FoundationMN · FY2024$14,250
The Rae Mackenzie Group INCFY2024$12,500
Minnesota Sports and EventsMN · FY2024$12,500
Individual RecipientFY2024$9,000
Hennepin Health FoundationMN · FY2024$7,500
Houston County Public Health & Human ServicesFY2024$7,500
See all 98 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.2B
Ln 12
Fees for servicesLn 2g$1.2B
Investment incomeLn 3$6.4M
Other incomeLn 4–11$6.4M
Money outPt IX
$1.2B
Ln 25
Programscol B$1.2B
Managementcol C$16.1M
Owns and owesPt X
$395.1M
net assets · Ln 32
Cash and savingsLn 1–2$66.4M
Total assetsLn 16$468.6M
LiabilitiesLn 26$73.5M
PeoplePt VI, VII
27
listed · VII A
PaidVII A25
Voting boardVI 1a14
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.2B
Investment incomeLn 3$6.4M
Other incomeLn 4–11$6.4M
Gains on assetsLn 7$2.3M
Total revenueLn 12$1.2B
Assets in detailPt X, end of year
CashLn 1$35.1M
SavingsLn 2$31.3M
Cash and savings togetherLn 1–2$66.4M
InvestmentsLn 11–13$354.0M
Land, buildings, equipmentLn 10c$3.2M
Other assetsLn 15$9.7M
Total assetsLn 16$468.6M
LiabilitiesLn 26$73.5M
Net assetsLn 32$395.1M
OperationsPt I, VI
EmployeesI 5157
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$54.9M$66.4M
InvestmentsLn 11–13$337.8M$354.0M
Land, buildings, equipmentLn 10c$4.7M$3.2M
Total assetsLn 16$458.5M$468.6M
LiabilitiesLn 26$81.5M$73.5M
Net assetsLn 32$377.0M$395.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$506K$506K
Grants to domestic individualsLn 2$14K$14K
Pay of current officers, directors and key staffLn 5$5.1M$5.1M
Other salaries and wagesLn 7$13.2M$12.3M$924K
Pension plan contributionsLn 8$756K$703K$53K
Other employee benefitsLn 9$2.5M$2.3M$175K
Payroll taxesLn 10$955K$888K$67K
Management feesLn 11a$23.9M$23.9M
Legal feesLn 11b$61K$61K
Accounting feesLn 11c$77K$77K
Investment management feesLn 11f$178K$178K
Other fees for servicesLn 11g$2.5M$2.5M
Advertising and promotionLn 12$413K$413K
Office expensesLn 13$2.9M$2.4M$540K
Information technologyLn 14$1.4M$1.4M
OccupancyLn 16$898K$898K
TravelLn 17$112K$112K
Conferences, conventions and meetingsLn 19$37K$37K
Depreciation, depletion and amortizationLn 22$772K$772K
InsuranceLn 23$733K$733K
Other expenses (24a–d)Ln 24$1.17B$1.16B$1.7M
All other expensesLn 24e$2.7M$2.7M
Total functional expensesLn 25$1.23B$1.21B$16.1M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.2B$1.2B$13.3M$395.1M 990 PDF
FY2023 $1.2B$1.2B$18.9M$377.0M 990 PDF
FY2022 $1.1B$1.1B−$42.7M$350.4M 990 PDF
FY2021 $1.2B$1.1B$23.5M$414.0M 990 PDF
FY2020 $993.7M$962.9M$30.7M$384.6M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,239,267,986 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,190,318,493$1,226,481,984
I-10 Investment incomePrior year $4,049,086$6,399,075
I-11 Other revenuePrior year $11,377,604$6,386,927
I-12 Total revenuePrior year $1,205,745,183$1,239,267,986
I-13 Grants and similar amounts paidPrior year $545,960$520,389
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $18,359,687$22,566,566
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,167,932,183$1,202,900,899
I-18 Total expensesPrior year $1,186,837,830$1,225,987,854
I-19 Revenue less expensesPrior year $18,907,353$13,280,132
Part VI · Governance 9 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,239,267,986 across 6 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,225,289,357 · Unrelated business $1,192,627$1,226,481,984
VIII-3 Investment incomeExcluded from tax $4,117,920$4,117,920
VIII-6 Net rental income or lossUnrelated business $1,824$1,824
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,281,155$2,281,155
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $6,385,103$6,385,103
VIII-12 Total revenueRelated to mission $1,225,289,357 · Unrelated business $1,194,451 · Excluded from tax $12,784,178$1,239,267,986
Part IX · Statement of functional expenses $1,225,987,854 across 22 lines filed
IX-1 Grants to domestic organizationsPrograms $506,139$506,139
IX-2 Grants to domestic individualsPrograms $14,250$14,250
IX-5 Pay of current officers, directors and key staffManagement $5,146,384$5,146,384
IX-7 Other salaries and wagesPrograms $12,281,498 · Management $924,414$13,205,912
IX-8 Pension plan contributionsPrograms $703,023 · Management $52,915$755,938
IX-9 Other employee benefitsPrograms $2,328,517 · Management $175,264$2,503,781
IX-10 Payroll taxesPrograms $887,732 · Management $66,819$954,551
IX-11a Management feesPrograms $23,924,708$23,924,708
IX-11b Legal feesManagement $60,619$60,619
IX-11c Accounting feesManagement $76,752$76,752
IX-11f Investment management feesManagement $177,832$177,832
IX-11g Other fees for servicesPrograms $2,549,906$2,549,906
IX-12 Advertising and promotionManagement $412,533$412,533
IX-13 Office expensesPrograms $2,366,365 · Management $540,449$2,906,814
IX-14 Information technologyManagement $1,432,999$1,432,999
IX-16 OccupancyManagement $897,522$897,522
IX-17 TravelManagement $112,418$112,418
IX-19 Conferences, conventions and meetingsManagement $37,107$37,107
IX-22 Depreciation, depletion and amortizationManagement $771,576$771,576
IX-23 InsuranceManagement $732,605$732,605
IX-24 Other expenses (24a–d)Programs $1,164,331,657 · Management $1,730,971$1,166,062,628
IX-24e All other expensesManagement $2,744,880$2,744,880
IX-25 Total functional expensesPrograms $1,209,893,795 · Management $16,094,059 · Fundraising $0$1,225,987,854
Part X · Balance sheet $468,613,191 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $41,725,749$35,054,661
X-2 Savings and temporary cash investmentsStart of year $13,128,922$31,297,648
X-4 Accounts receivableStart of year $35,175,114$34,065,134
X-9 Prepaid expenses and deferred chargesStart of year $1,565,189$1,362,312
X-10c Land, buildings and equipment, netStart of year $4,668,821$3,164,295
X-12 Other securitiesStart of year $337,836,515$354,001,607
X-15 Other assetsStart of year $24,397,856$9,667,534
X-16 Total assetsStart of year $458,498,166$468,613,191
X-17 Accounts payable and accrued expensesStart of year $74,704,056$66,827,018
X-19 Deferred revenueStart of year $83,447$83,447
X-25 Other liabilitiesStart of year $6,754,233$6,629,719
X-26 Total liabilitiesStart of year $81,541,736$73,540,184
X-32 Total net assets or fund balancesStart of year $376,956,430$395,073,007
X-33 Total liabilities and net assetsStart of year $458,498,166$468,613,191
Part XI · Reconciliation of net assets $395,073,007 net assets at year end
XI-1 Total revenue$1,239,267,986
XI-2 Total expenses$1,225,987,854
XI-3 Revenue less expenses$13,280,132
XI-4 Net assets at start of year$376,956,430
XI-5 Net unrealized gains (losses) on investments$4,088,056
XI-9 Other changes in net assets$748,389
XI-10 Net assets at end of year$395,073,007

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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