Altamed Health Services Corporation
Altamed Health Services Corporation reported $1.72 billion in revenue and $1.65 billion in expenses for calendar year 2024. Of every $100 it spent, $87.36 went to program services, $12.34 to management and general costs and $0.30 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 82.8% of the total. The highest compensation it reported for one person was $1,949,272 (PRESIDENT & CEO). 1,294 people received more than $100,000 in reportable compensation. Revenue rose 97% between 2020 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $1.65BFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $1.72BThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 87.4% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 12.3% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.3% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.08 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 3.4% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 2.2% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 82.8% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $1,949,272 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.12% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 1,294 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 7.3 | 6.6 |
| Independent voting board members Part VI 1a–1b | 11 of 11 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseMedical & dental Services Altamed operates 40 primary care and dental clinics in los angeles county (33 clinics) and orange county (7 clinics), in addition to two mobile units that offer medical, dental, and community outreach services. In 2024, altamed provided a medical home to over 500,000 patients residing primarily in historically underinvested immigrant communities in which its residents face stubborn obstacles to care and positive health outcomes including disproportionately higher chronic disease burdens. Over 76,000 children and adults accessed oral Health Services through altamed's…
Senior Services Altamed's 16 programs of all-inclusive care for the elderly (pace) sites allow over 5,000 nursing-home eligible frail and elderly seniors and disabled adults to continue safely living in their communities. Pace's uniquely integrative model addresses participants' complex and comprehensive medical and social needs by surrounding the pace member with a team of interdisciplinary, culturallyresponsive care providers that include physicians, nurses, pharmacists, social workers, nutritionists, therapists, and health educators. Services include primary care/geriatric medicine…
Hiv care and services with over two decades of experience providing comprehensive HIV care, altamed serves more than 1,500 patients each year through four dedicated HIV primary care clinics in los angeles and orange counties. It has established itself as a longstanding provider supported by multi-year federal, state, and local funding. In addition to outpatient medical care, altamed offers a full range of HIV services. These include benefits specialty services that help patients navigate public programs and health coverage, as well as oral Health Services tailored to the specific needs of…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & CEO Officer, 40.00 hrs/week | $1,925,688 | $0 | $23,584 | $1,949,272 |
| SR. STRATEGY EXECUTIVE Key employee, 40.00 hrs/week | $1,024,088 | $0 | $30,156 | $1,054,244 |
| EVP, CHIEF ADMIN OFFICER Officer, 40.00 hrs/week | $904,246 | $0 | $23,584 | $927,830 |
| EVP FINANCE & CFO Officer, 40.00 hrs/week | $898,376 | $0 | $20,703 | $919,079 |
| SVP, MEDICAL DIRECTOR, PACE Key employee, 40.00 hrs/week | $833,613 | $0 | $39,042 | $872,655 |
| CHIEF MEDICAL OFFICER Key employee, 40.00 hrs/week | $765,820 | $0 | $41,177 | $806,997 |
| SVP, HS CHIEF OPERATING OF Key employee, 40.00 hrs/week | $750,289 | $0 | $39,027 | $789,316 |
| STAFF PHYSICIAN Highest compensated employee, 80.00 hrs/week | $723,740 | $0 | $32,941 | $756,681 |
1,294 people received more than $100,000 in reportable compensation from Altamed Health Services Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $8.0M (Part IX, line 5).
5 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b11 · 11 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26Yes
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 56,287
- Volunteers Part I, line 611
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| CHILDREN HOSPITAL LOS ANGELES MEDICAL GR Medical service | $19,475,780 |
| ULTRACARE SERVICES LLC Staffing agency | $10,534,333 |
| PRO PARK LLC Transportation service | $5,739,791 |
| WILLIAMS SERVICES Facility service | $3,733,470 |
| ENABLE DENTAL INC Dental service | $2,827,179 |
Individuals listed as contractors are left out. 88 contractors were paid more than $100,000 in all.
Private foundation grants it received
14 private foundations reported grants to Altamed Health Services Corporation totaling $366K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Altamed Health Services Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Altamed Health Services Corporation, you can publish a response that is linked from this page.
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Of every $100 Altamed Health Services Corporation spent in 2024, $87.36 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Hennepin Healthcare SystemMinneapolis, MN · revenue $1.71B · programs 89.2% · 2024
- Ann & Robert H Lurie Children's Hospital of ChicagoChicago, IL · revenue $1.73B · programs 86.2% · FY2025
- Summa Health Group ReturnAkron, OH · revenue $1.69B · programs 85.5% · 2024
- Gundersen Lutheran Medical CenterLA Crosse, WI · revenue $1.73B · programs 97.6% · FY2025
- Willis-Knighton Medical CenterShreveport, LA · revenue $1.69B · programs 81.6% · FY2025
Questions people ask
How much of Altamed Health Services Corporation's spending goes to programs?
In calendar year 2024, Altamed Health Services Corporation reported that 87.4% of its $1.65 billion in expenses went to program services, 12.3% to management and general and 0.3% to fundraising (Form 990, Part IX).
How much does Altamed Health Services Corporation pay its top executive?
The largest total compensation Altamed Health Services Corporation reported for one person in calendar year 2024 was $1,949,272, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Altamed Health Services Corporation get its money?
Of $1.72 billion in revenue in calendar year 2024, 3.4% came from contributions and grants (including 2.2% from government grants) and 82.8% from program service revenue (Form 990, Part VIII).
Is Altamed Health Services Corporation a registered charity?
The IRS lists EIN 95-2810095 as a 501(c)(3) organization (hospital or medical research organization), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202533219349322468 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202403209349325780 · read the filing
- 2022: Form 990 for calendar year 2022, object 202313199349331361 · read the filing
- 2021: Form 990 for calendar year 2021, object 202213129349303941 · read the filing
- 2020: Form 990 for calendar year 2020, object 202132989349301853 · read the filing
All filings for EIN 95-2810095: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.