ALTAMED HEALTH SERVICES CORPORATION (EIN 952810095) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1970

Legal Domicile

Principal Officer

JOSE U ESPARZA

Phone

3237258751

Tax Period

2023-01-01 to 2023-12-31

ALTAMED HEALTH SERVICES CORPORATION, founded in 1970, is a large national nonprofit in the Health Care sector that reported $1.5B in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $1.4B left a modest 6% surplus.

Mission

: 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.VISION: TO BE THE LEADING COMMUNITY-BASED PROVIDER OF QUALITY HEALTH CARE AND HUMAN SERVICES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $66,923,695

Program Service Revenue $1,234,820,447

Investment Income $25,374,852

Other Revenue $153,660,628

TOTAL REVENUE $1,480,779,622

Expense Breakdown

Grants Paid $1,265,002

Salaries & Benefits $573,789,651

Fundraising Expenses $4,886,855

Program Expenses $1,223,496,704

Other Expenses $817,107,634

TOTAL EXPENSES $1,392,162,287

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,480,779,622	$1,249,678,105	+0.2%
Expenses	$1,392,162,287	$1,113,812,347	+0.2%
Net Income	$88,617,335	$135,865,758	-0.3%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

5735

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✓ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$3,651,460

Total Directors

Key Employees

$3,721,273

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICARDO ROBLES	BOARD SECRETARY	1.60	Officer Director	$0	$0	$0
MARIA GRIMALDO	CONSUMER BOARD MEMBER	1.20	Director	$0	$0	$0
JOSEPH GOMEZ	CONSUMER BOARD MEMBER	1.60	Director	$0	$0	$0
NADIA ALVAREZ	CONSUMER BOARD MEMBER	1.20	Director	$0	$0	$0
MARC VICTOR	BOARD MEMBER	1.20	Director	$0	$0	$0
JOSE AVALOS MD	BOARD CHAIR	1.60	Officer Director	$0	$0	$0
LUCY HERRERA	BOARD VICE-CHAIR	1.20	Officer Director	$0	$0	$0
VICTOR OLMOS	BOARD TREASURER	1.60	Officer Director	$0	$0	$0
MARIA CERVANTES	BOARD MEMBER	1.20	Director	$0	$0	$0
CASTULO DE LA ROCHA JD	PRESIDENT & CEO	40.00	Officer	$1,910,489	$26,929	$1,937,418
JOSE U ESPARZA	EVP FINANCE & CFO	40.00	Officer	$836,278	$21,809	$858,087
ZOILA ESCOBAR	EVP, CHIEF ADMIN OFFICER	40.00	Officer	$829,026	$26,929	$855,955
ANNA TRAN	SR. STRATEGY EXECUTIVE	40.00	Key Emp	$909,333	$28,430	$937,763
EFRAIN TALAMANTES	SVP, HS CHIEF OPERATING OFFICER	40.00	Key Emp	$716,353	$53,494	$769,847
ESIQUIO CASILLAS	VP, MEDICAL DIRECTOR, PACE	40.00	Key Emp	$683,847	$39,026	$722,873
RICO CRISTIAN	CHIEF MEDICAL OFFICER	40.00	Key Emp	$660,664	$53,498	$714,162
MARCO DE LA ROCHA	PRESIDENT OF AHN	40.00	Key Emp	$560,745	$15,883	$576,628
PARHAM NAGHDECHI	HOSPITALIST	40.00	Highest	$617,204	$53,498	$670,702
SEEMA KAMAL	SVP GENERAL COUNSEL	40.00	Highest	$652,191	$13,200	$665,391
CHRISTOPHER BUI	AVP, CHIEF MEDICAL OFFICER	40.00	Highest	$594,891	$15,893	$610,784
MELANIE LIN	MEDICAL DIRECTOR	80.00	Highest	$747,012	$21,135	$768,147
LUIS ONTIVEROS	STAFF PHYSICIAN	40.00	Highest	$608,260	$35,447	$643,707

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$1,480,779,622	$1,392,162,287	$1,519,511,621	$88,617,335
2022	$1,249,678,105	$1,113,812,347	$1,293,422,751	$135,865,758
2021	$1,054,136,361	$1,002,853,406	$1,171,212,102	$51,282,955
2020	$871,232,823	$800,489,035	$1,022,946,635	$70,743,788
2019	$702,094,093	$654,751,982	$860,392,869	$47,342,111
2018	$646,916,980	$560,011,673	$733,197,247	$86,905,307

ALTAMED HEALTH SERVICES CORPORATION