Health Care
(E320)
IRS Verified
DX Registered
990 on File
ALTAMED HEALTH SERVICES CORP
Financial strength (30%)
71/100
Reliability (20%)
55/100
Effectiveness (25%)
88/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
To eliminate disparities in health care access and outcomes by providing superior quality health and human services through an integrated world-class delivery system for Latino, multi-ethnic and underserved communities in Southern California.
Financial Overview — FY 2023
$1480.8M
Total Revenue
$1392.2M
Total Expenses
$925.7M
Net Assets
5735
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
87.9%
Fundraising Efficiency
3240.8%
Operating Reserve
7.98x
Liability-to-Asset
39.1%
Revenue Diversification
83.4%
Executive Compensation
$7.4M
Compared with Peers
FY 2023
Compared with 1,811 similar organizations
(United States, Health Care, $100M and over in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
87.9% | 87.3% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
11.8% | 12.7% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.4% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
3240.8% | 478.2% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
8.0 mo | 6.0 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
39.1% | 46.1% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
83.4% | 96.8% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
18.5% | 6.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
25.0% | 6.6% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
6.0% | 1.3% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $1480.8M | $1392.2M | $925.7M | 87.9% | 5735 |
| 2022 | $1249.7M | $1113.8M | $776.5M | 89.3% | 4746 |
| 2021 | $1109.1M | $1002.9M | N/A | — | 4200 |
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