ALTAMED HEALTH SERVICES CORPORATION

EIN: 952810095 501(c)(3) Health Care

LOS ANGELES, CA

Total Revenue
$1,480,779,622
Total Expenses
$1,392,162,287
Total Assets
$1,519,511,621
Net Assets
$925,741,286
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
CA
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 UNDERSERVED COMMUNITIES IN SOUTHERN CALIFORNIA.

Program Service Accomplishments

Program 1
Expenses: $812,466,567 Revenue: $810,619,417

MEDICAL & DENTAL SERVICES ALTAMED OPERATES 38 PRIMARY CARE AND DENTAL CLINICS IN LOS ANGELES COUNTY (29 CLINICS) AND ORANGE COUNTY (9 CLINICS), IN ADDITION TO TWO MOBILE UNITS THAT OFFER MEDICAL...

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MEDICAL & DENTAL SERVICES ALTAMED OPERATES 38 PRIMARY CARE AND DENTAL CLINICS IN LOS ANGELES COUNTY (29 CLINICS) AND ORANGE COUNTY (9 CLINICS), IN ADDITION TO TWO MOBILE UNITS THAT OFFER MEDICAL, DENTAL, AND COMMUNITY OUTREACH SERVICES. IN 2023, ALTAMED PROVIDED A MEDICAL HOME TO OVER 275,000 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 65,000 CHILDREN AND ADULTS ACCESSED ORAL HEALTH SERVICES THROUGH ALTAMED'S 10 DENTAL CLINICS, 2 MOBILE MEDICAL/DENTAL UNIT, AND 6 PORTABLE ORAL HEALTH UNITS THAT PROVIDED ORAL EXAMS, FLUORIDE TREATMENTS, PROPHYLAXIS, RESTORATIVE SERVICES, REHABILITATIVE SERVICES, EXTRACTIONS/OTHER SURGERY PROCEDURES, SEALANTS, AND EMERGENCY SERVICES. INDEPENDENT PROVIDERS CONTRACTED THROUGH ALTAMED'S INDEPENDENT PRACTICE ASSOCIATION (IPA) AND PRACTICING IN ALTAMED CATCHMENT AREAS ALSO SERVED AN ADDITIONAL 87,000 PATIENTS THROUGHOUT LOS ANGELES AND ORANGE COUNTIES IN 2023. THESE PATIENTS SERVED OUTSIDE OF ALTAMED CLINIC WALLS RECEIVED CARE AND COORDINATION THROUGH AN ALTAMED IPA PHYSICIAN NETWORK THAT INCLUDES PRIMARY CARE PHYSICIANS, SPECIALISTS AND SUB-SPECIALISTS--INCLUDING DENTISTRY, INFECTIOUS DISEASES, PEDIATRIC ENDOCRINOLOGY, AND PSYCHIATRYAND ANCILLARY SERVICE PROVIDERS SUCH AS SKILLED NURSING FACILITIES, RADIOLOGY, HOME HEALTH, HOSPICE, URGENT CARE, PHYSICAL THERAPY, AND PHARMACIES.

Program 2
Expenses: $385,605,453 Revenue: $421,006,993

SENIOR SERVICES ALTAMED'S 11 PROGRAMS OF ALL-INCLUSIVE CARE FOR THE ELDERLY (PACE) SITES ALLOW OVER 4,000 NURSING-HOME ELIGIBLE FRAIL AND ELDERLY SENIORS AND DISABLED ADULTS TO CONTINUE SAFELY LIVING...

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SENIOR SERVICES ALTAMED'S 11 PROGRAMS OF ALL-INCLUSIVE CARE FOR THE ELDERLY (PACE) SITES ALLOW OVER 4,000 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, NURSING CARE, REHABILITATION THERAPY, FAMILY SUPPORT INTERVENTIONS, COUNSELING, MEDICATION MANAGEMENT, NUTRITION EDUCATION, SOCIAL ACTIVITIES, AND "DOOR THROUGH DOOR" TRANSPORTATION SERVICES TO PARTICIPANTS' HOMES AND TO SPECIALTY CARE MEDICAL APPOINTMENTS. COORDINATED SERVICES ENSURE THE MEMBER CONTINUES TO ENJOY THE BENEFITS AND COMFORTS OF AGING IN PLACE, AS LONG AS POSSIBLE. THE PACE MODEL EMBODIES THE PHILOSOPHY OF CARE AND THE CORE VALUES OF ALTAMED: PATIENTCENTERED AND ENGAGING, PACE IS RESPONSIVE TO THE RANGE OF WHOLE-PERSON NEEDS OF ITS PATIENTS BEYOND MEDICAL CARE THAT INCLUDE ONGOING SOCIAL, EMOTIONAL, SPIRITUAL, AND CULTURAL NOURISHMENT TO KEEP THEM HEALTHY, ACTIVE, AND OUT OF EMERGENCY ROOMS AND EXTENDED HOSPITAL STAYS.

Program 3
Expenses: $14,587,957 Revenue: $3,194,037

HIV CARE AND SERVICES THE DIVISION OF HIV SERVICES, ALSO KNOWN AS "DVL" (DANIEL V. LARA CLINIC) AT ALTAMED, HAS PROVIDED COMPREHENSIVE SERVICES FOR PEOPLE LIVING WITH HIV, AND OTHER INFECTIOUS...

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HIV CARE AND SERVICES THE DIVISION OF HIV SERVICES, ALSO KNOWN AS "DVL" (DANIEL V. LARA CLINIC) AT ALTAMED, HAS PROVIDED COMPREHENSIVE SERVICES FOR PEOPLE LIVING WITH HIV, AND OTHER INFECTIOUS DISEASES INCLUDING HEPATITIS, STI'S AND TUBERCULOSIS FOR THE PAST 30 YEARS.IN 2023, DVL SERVED OVER 2,200 INDIVIDUALS AT FOUR CLINIC LOCATIONS; LOS ANGELES/COMMERCE, LOS ANGELES/PICO PASSSONS, EL MONTE AND ANAHEIM. IN ADDITION, DVL PROVIDES FULL WRAP AROUND SERVICES TO THE HIV POPULATION, INCLUDING INTENSIVE CASE MANAGEMENT, HOME BASED SERVICES, BENEFITS SPECIALTY SERVICES, SUBSTANCE USE TREATMENT, AND MENTAL HEALTH. THE DIVISION'S PREVENTION PROGRAMS OFFER COMPREHENSIVE OUTREACH AND EDUCATIONAL PROGRAMS, INCLUDING PREP AND PEP, NOW PRESCRIBED AT ALL ALTAMED PRIMARY CARE CLINICS. IN 2023, THE DVL PREVENTION TEAM REPRESENTED ALTAMED AT OVER THREE DOZEN COMMUNITY / HEALTH AND WELLNESS EVENTS IN LOS ANGELES AND ORANGE COUNTY; CONDUCTING OVER 2,600 RAPID HIV TESTS.

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Trantor Score

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

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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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Governance

Voting Members
9
Independent Members
9
Employees
5735
Volunteers
9

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
7
$3,651,460
Total Directors
9
$0
Key Employees
5
$3,721,273
Highest Compensated
5
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
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