Altamed Health Services Corporation
Current Fiscal Year
Fiscal Year Start Date: January 1, 2026
Fiscal Year End Date: December 31, 2026
Projected Revenue: $2,028,906,741
Projected Expense: $2,028,906,741
Revenue vs. Expense ($)
Expense Breakdown: 2024 (%)
| Administration Expense | 0.1% |
| Program Expense | 87.4% |
| Fundraising Expense | 0.1% |
Expense Breakdown: 2023 (%)
| Administration Expense | 0.0% |
| Program Expense | 0.0% |
| Fundraising Expense | 0.0% |
Expense Breakdown: 2022 (%)
| Administration Expense | 0.0% |
| Program Expense | 0.0% |
| Fundraising Expense | 0.0% |
990 Tax Form Newest 990 Year opens each June
Prior Three Years Total Revenue and Expense Totals
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Revenue | $1,720,050,956 | $1,480,779,622 | $1,249,678,105 |
| Total Expenses | $1,651,636,796 | $1,392,162,287 | $1,113,812,347 |
Prior Three Years Revenue Sources
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Foundation and Corporation Contributions | - | - | - |
| Government Contributions | $37,904,541 | - | - |
| Federal | - | - | - |
| State | - | - | - |
| Local | - | - | - |
| Unspecified | - | - | - |
| Individual Contributions | - | - | - |
| Indirect Public Support | - | - | - |
| Earned Revenue | $1,423,360,913 | $1,234,820,447 | $1,042,173,219 |
| Investment Income, Net of Losses | $38,957,332 | - | - |
| Membership Dues | - | - | - |
| Special Events | - | - | - |
| Revenue In-Kind | $45,442 | - | - |
| Other Revenue | $198,919,984 | - | - |
Prior Three Years Expense Allocations by Type
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Program Expense | $1,442,846,726 | - | - |
| Administration Expense | $1,859,300 | - | - |
| Fundraising Expense | $1,474,643 | - | - |
| Payments to Affiliates | - | - | - |
| Total Revenue/Total Expenses | 1.04 | 1.06 | 1.12 |
| Program Expense/Total Expenses | 87% | - | - |
| Fundraising Expense/Total Revenue | 0% | - | - |
Prior Three Years Assets and Liabilities
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,662,774,257 | $1,519,511,621 | $1,293,422,751 |
| Current Assets | $264,421,356 | - | - |
| Long-Term Liabilities | $238,078,144 | - | - |
| Current Liabilities | $377,912,252 | - | - |
| Total Net Assets | $1,011,571,849 | $925,741,286 | $776,450,137 |
Short Term Solvency
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets/Current Liabilities | 0.70 | - | - |
Long Term Solvency
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Long Term Liabilities/Total Assets | 14% | - | - |
Endowment/Capital Campaigns
Are you currently in a Capital Campaign? Yes
Capital Campaign Purpose:
A 6-year H.E.L.P. (Health, Equity, Life and Programs) Campaign. Raise endowment and operating funds to uplift our communities. The H.E.L.P. Campaign will strengthen prevention and early intervention, create more fair environments in which our patients live, help families avoid crises, and find innovative solutions.
Campaign Goal: $110,000,000
Capital Campaign Start Date: January 1, 2021
Capital Campaign End Date: December 31, 2027
Capital Campaign Raised-to-Date Amount: $82,500,000
CONTACT
Altamed Health Services Corporation
2040 Camfield Avenue
Commerce, CA 90040
Jackie Schlotthauer
foundationsubmissions@altamed.org
Phone: (323) 797-1349