ALTAMED FOUNDATION

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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

1987

Legal Domicile

Principal Officer

ZOILA D ESCOBAR

Phone

3236222443

Tax Period

2023-01-01 to 2023-12-31

ALTAMED FOUNDATION, founded in 1987, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.3M, a strong 70% operating margin.

Mission

TO SUPPORT THE ACTIVITIES AND PURPOSES OF ALTAMED HEALTH SERVICES CORPORATION, A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION "AHSC", A SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION.

Program Service Accomplishments

Program 1

Expenses: $574,089

PROGRAMS PILLAR.THE ALTAMED FOUNDATION CULTIVATES SEVERAL PIPELINE PROGRAMS THAT ALLOW FUTURE GENERATIONS TO THRIVE OUTSIDE OF OUR CLINICS. PROGRAMS SUCH AS THE ESCALERA PROGRAM OFFERS 50 STUDENTS TO BECOME THE NEXT GENERATION OF HEALTH CARE LEADERS THROUGH, INDIVIDUAL COUNSELING, CAREER PLANNING RESOURCES, NETWORKING OPPORTUNITIES, FINANCIAL AID, AND STEM AWARENESS. OUR YOUTH CHAMPIONS PROGRAM ALLOWED FOR 416 STUDENTS TO ATTEND 26 VIRTUAL PERSONAL DEVELOPMENT SESSIONS, SIX GO AND SEE EXPERIENCES, AND THE CREATION OF A BOOK CLUB TO KEEP STUDENTS AND ALUMNI ENGAGED. 378 PROVIDERS RECEIVED HEALTH EDUCATION IN TOPICS INCLUDING CARDIOLOGY AND NUTRITION.

Program 2

Expenses: $439,536

EQUITY PILLAR.THE ALTAMED FOUNDATION ACHIEVES GOOD HEALTH BEYOND THE CARE OUR PATIENTS RECEIVE IN OUR HEALTH CENTERS, AND ADDRESSES DISPARITIES IN ACCESS TO CARE. WHEN PATIENTS ARE SUPPORTED BY...

EQUITY PILLAR.THE ALTAMED FOUNDATION ACHIEVES GOOD HEALTH BEYOND THE CARE OUR PATIENTS RECEIVE IN OUR HEALTH CENTERS, AND ADDRESSES DISPARITIES IN ACCESS TO CARE. WHEN PATIENTS ARE SUPPORTED BY DOCTORS AND NURSES WHO UNDERSTAND THEM, AS WELL AS HAVE ACCESS TO HEALTHY FOOD, A ROOF OVER THE HEADS, A LIVING WAGE, AND A PLACE TO TURN TO WHEN IN NEED, THEY AND THEIR COMMUNITIES CAN FLOURISH. THESE FUNDS WERE ALLOCATED TO OUR CIVIC ENGAGEMENT EFFORTS, WHICH SCALED OUR EFFORTS AMONG OTHER COMMUNITY HEALTH CARE CENTERS THROUGHOUT CALIFORNIA, ALSO REACHING OVER 40 REGIONAL ASSOCIATIONS AND 100 PROMOTERS (COMMUNITY HEALTH WORKERS), IN PARTNERSHIP WITH CALIFORNIA PRIMARY CARE ASSOCIAION.

Program 3

Expenses: $286,145

HEALTH PILLAR.THE ALTAMED FOUNDATION KEEPS FAMILIES HEALTHY AND HAPPY THROUGH PRIMARY CARE PRACTICES, SUCH AS RESTORING AND IMPROVING RATES OF BASIC SCREENINGS AND CHRONIC DISEASE MANAGEMENT AND...

HEALTH PILLAR.THE ALTAMED FOUNDATION KEEPS FAMILIES HEALTHY AND HAPPY THROUGH PRIMARY CARE PRACTICES, SUCH AS RESTORING AND IMPROVING RATES OF BASIC SCREENINGS AND CHRONIC DISEASE MANAGEMENT AND PROGRAMS THAT TARGET THE UNIQUE NEEDS OF WOMEN AND CHILDREN. PROGRAMS RANGING FROM CARDIOLOGY PROGRAMS, BEHAVIORIAL HEALTH TO SUPPORITING HEALTH CARE SERVICES THAT TEENS AND YOUNG ADULTS TO TAKE CONTROL OF THEIR PHYSICAL, MENTAL, AND SEXUAL AND REPRODUCTIVE HEALTH.THESE FUNDS IMPACTED 381 STUDENTS AT LOS ANGELES BASED ELEMENTARY SCHOOLS RECEIVED SCHOOL-BASED BEHAVIORAL HEALTH CARE; 618 PATIENTS RECEIVED BOOKS THROUGH PHYSICAN-BASED REACH OUT & READ.

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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 $3,842,857

Program Service Revenue $0

Investment Income $915,577

Other Revenue $0

TOTAL REVENUE $4,758,434

Expense Breakdown

Grants Paid $1,381,859

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,446,727

Other Expenses $64,868

TOTAL EXPENSES $1,446,727

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,758,434	$4,288,307	+0.1%
Expenses	$1,446,727	$1,338,564	+0.1%
Net Income	$3,311,707	$2,949,743	+0.1%

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

N/A

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

$1,708,626

Total Directors

$3,642,548

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEJANDRA VELAZQUEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
AVO ASHKHARIKIAN	BOARD MEMBER(UNTIL 2/13/23)	1.00	Director	$0	$0	$0
BERTHA AGUIRRE	SECRETARY	1.00	Officer Director	$0	$0	$0
BRUCE PANSKY	BOARD MEMBER(UNTIL 6/20/23)	1.00	Director	$0	$0	$0
CASTULO DE LA ROCHA JD	BOARD MEMBER	3.00	Director	$0	$23,433	$1,933,922
CELIA HUBER	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID LIZARRAGA LHD	BOARD MEMBER	1.00	Director	$0	$0	$0
DR THOMAS ROSENTHAL	BOARD MEMBER	1.00	Director	$0	$0	$0
DUANE SAIKAMI	BOARD MEMBER	1.00	Director	$0	$0	$0
FRED FLORES	BOARD MEMBER	1.00	Director	$0	$0	$0
HAIG YOUREDJIAN	BOARD MEMBER	1.00	Director	$0	$0	$0
HENRY HERNANDEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
HENRY HOLGUIN ESQ	BOARD MEMBER(UNTIL 2/14/23)	1.00	Director	$0	$0	$0
HON ANTONIO VILLARAIGOSA	BOARD MEMBER	1.00	Director	$0	$0	$0
HON TERESA SANCHEZ-GORDON	BOARD MEMBER(UNTIL 2/14/23)	1.00	Director	$0	$0	$0
HON WILLIAM DE LA PENA MD	BOARD MEMBER(UNTIL 11/24/23)	1.00	Director	$0	$0	$0
JACK CLINE JR	BOARD MEMBER	1.00	Director	$0	$0	$0
JACKY DILFER	BOARD MEMBER	1.00	Director	$0	$0	$0
JAVIER ANGULO	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF WEISS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN EK	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSE U ESPARZA	CFO	1.00	Officer Director	$0	$19,889	$856,167
JULIEANN K COYNE	CHAIR	1.00	Officer Director	$0	$0	$0
LORENA PLASCENCIA	BOARD MEMBER	1.00	Director	$0	$0	$0
MARCOS GONZALEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
MARILYN WALLACE	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY ANN WALKER	BOARD MEMBER	1.00	Director	$0	$0	$0
PAMELA JUNG	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICIA GLASER	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICK RYAN	BOARD MEMBER	1.00	Director	$0	$0	$0
RAUL ANAYA	IMMEDIATE PAST CHAIR	1.00	Director	$0	$0	$0
RICHARD GOMEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
SAMI FREEDMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
VINCENT CORTES	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ZOILA D ESCOBAR EDD	PRESIDENT	4.00	Officer Director	$0	$23,433	$852,459

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	$4,758,434	$1,446,727	$56,772,372	$3,311,707
2022	$4,288,307	$1,338,564	$53,375,634	$2,949,743
2021	$50,244,569	$20,000	$50,224,569	$50,224,569