Altarum Institute
- Assets
- $56.6m
- Revenue
- $34.2m
- Investments
- $21.9m
- Employees
- 243
- Location
- Ann Arbor, MI
- Founding
- 02/1973
- Data as of
- 12/2021
- EIN
- 38-1983442
Organization Overview
Altarum Institute is located in Ann Arbor, MI. The organization was established in 1973. According to its NTEE Classification (U05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Science & Technology and related organizations. As of 12/2022, Altarum Institute employed 243 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Altarum Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Altarum Institute generated $34.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.1%) each year. All expenses for the organization totaled $38.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE THE HEALTH OF INDIVIDUALS WITH FEWER FINANCIAL RESOURCES AND THOSE DISENFRANCHISED BY THE SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALTARUM INSTITUTE DEVELOPS AND IMPLEMENTS SOLUTIONS TO IMPROVE THE HEALTH OF INDIVIDUALS WITH FEWER FINANCIAL RESOURCES AND THOSE DISENFRANCHISED BY THE SYSTEM. THREE OF ALTARUM'S 2022 MAJOR PROGRAMS INCLUDE:- MDHHS DATA HUB: PROVIDES INNOVATIVE PUBLIC HEALTH IT INFRASTRUCTURE AND TECHNICAL ASSISTANCE TO THE MICHIGAN DEPARTMENT OF HEALTH AND HUMAN SERVICES (MDHHS) THAT IMPROVES THE FLOW OF DATA FROM HEALTH CARE PROVIDERS INTO STATE PUBLIC HEALTH SYSTEMS AND BETWEEN STATE AND FEDERAL GOVERNMENT PUBLIC HEALTH SYSTEMS. ALTARUM'S SERVICES INCREASE STATE CAPACITY TO PERFORM ACUTE, CHRONIC, INFECTIOUS AND SYNDROMIC DISEASE SURVEILLANCE, ENABLING THE STATE TO TRACK CHANGES IN POPULATION HEALTH AND DETECT AND RESPOND QUICKLY TO OUTBREAKS OF ILLNESS, POTENTIAL PUBLIC HEALTH THREATS, AND EMERGENCIES LIKE COVID-19.- HEALTH CARE SURVEYS OF DEPARTMENT OF DEFENSE BENEFICIARIES (HCSDB): ALTARUM OVERSEES THE COLLECTION AND ANALYSIS OF DATA FOR HCSDB AND THE TRICARE SELECT SURVEYS OF PROVIDERS AND BENEFICIARIES. WORKING ON BEHALF OF HCSDB WE COLLECT CRITICAL INFORMATION FROM MILITARY SERVICE MEMBERS TO HELP ASSESS AND IMPROVE THEIR CARE. WE BRING THOUGHTFUL ANALYTICS TO BEAR TO PROVIDE MILITARY HEALTH SESRVICE (MHS) LEADERS WITH THE INFORMATION THEY NEED TO ENSURE THAT SERVICE MEMBERS RECEIVE THE CARE THEY NEED AND DESERVE.- HEALTHY HEARTS FOR MICHIGAN (HH4M): ALTARUM PROVIDES SUPPORT TO IMPROVE THE HEART HEALTH AND HELP REDUCE CVD DISPARITIES BY ENGAGING WITH PRIMARY CARE PRACTICES. WE WORK WITH PROVIDERS TO ASSESS CURRENT WORKFLOWS, ESTABLISH SCREENING AND TREATMENT PROTOCOLS, AND COLLECT QUARTERLY STUDY DATA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Guy Fish End 42023 Chairman Trustee | Trustee | 3 | $51,000 |
Joseph Fifer Vice Chairman Trustee | Trustee | 3 | $38,000 |
Gerald Croan End 3322 Trustee | Trustee | 3 | $7,750 |
Linda Elam Trustee | Trustee | 3 | $38,000 |
Rosemary Gibson Trustee | Trustee | 3 | $31,000 |
Jennie Chin Hansen Trustee | Trustee | 3 | $38,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Datastat Inc Scientific/technical Services | 12/30/22 | $1,424,809 |
Westat Inc Scientific/technical Services | 12/30/22 | $881,502 |
Quadrant Inc Scientific/technical Services | 12/30/22 | $698,264 |
Northwestern University Scientific/technical Services | 12/30/22 | $601,627 |
James Bell Associates Scientific/technical Services | 12/30/22 | $404,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $27,662,589 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,637,753 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,300,342 |
| Total Program Service Revenue | $4,558,679 |
| Investment income | $344,934 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$29,848 |
| Net Gain/Loss on Asset Sales | $9,558 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,183,665 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,852,475 |
| Compensation of current officers, directors, key employees. | $2,224,518 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,411,877 |
| Pension plan accruals and contributions | $889,634 |
| Other employee benefits | $914,656 |
| Payroll taxes | $1,688,113 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $55,240 |
| Fees for services: Accounting | $123,200 |
| Fees for services: Lobbying | $97,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,766,041 |
| Advertising and promotion | $0 |
| Office expenses | $1,937,052 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,807,901 |
| Travel | $40,234 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $74,289 |
| Interest | $47,419 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $802,892 |
| Insurance | $114,945 |
| All other expenses | $0 |
| Total functional expenses | $38,100,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,602,946 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,880,134 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,424,595 |
| Net Land, buildings, and equipment | $10,607,981 |
| Investments—publicly traded securities | $9,829,386 |
| Investments—other securities | $21,899,118 |
| Investments—program-related | $0 |
| Intangible assets | $953,920 |
| Other assets | $1,378,673 |
| Total assets | $56,576,753 |
| Accounts payable and accrued expenses | $7,720,524 |
| Grants payable | $0 |
| Deferred revenue | $2,289,066 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,715,044 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,432,081 |
| Total liabilities | $15,156,715 |
| Net assets without donor restrictions | $41,420,038 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $56,576,753 |
Grants Awarded
Over the last fiscal year, Altarum Institute has awarded $25,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MICHIGAN THEATER FOUNDATION INC PURPOSE: CORPORATE SPONSORSHIP | $10,000 |
UNIVERSITY MUSICAL SOCIETY PURPOSE: CORPORATE SPONSORSHIP | $10,000 |
NATIONAL NETWORK OF DEPRESSION CENTERS PURPOSE: CORPORATE SPONSORSHIP | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Parallax Advanced Research Corp Beavercreek, OH | $15,622,847 | $40,733,328 |
Altarum Institute Ann Arbor, MI | $56,576,753 | $34,183,665 |
Indiana Biosciences Research Institute Inc Indianapolis, IN | $150,111,240 | $4,463,852 |
Center For Automotive Research Ann Arbor, MI | $2,277,311 | $2,687,576 |
Energy Industries Of Ohio Independence, OH | $624,234 | $2,031,210 |
Ethos Inc Elkhart, IN | $6,786,662 | $1,324,252 |
North American Council For Freight Efficiency Fort Wayne, IN | $1,303,550 | $1,324,826 |
Metropolitan Unified Fiber Network Consortium Madison, WI | $1,706,552 | $1,055,585 |
Academic Advisory Council For Signage Research And Education Inc Cincinnati, OH | $1,974,195 | $113,028 |
Indepthlearning Milan, MI | $10,830 | $99,168 |
Institute For Innovation Inc South Bend, IN | $260,320 | $125,281 |
Concrete Nanotechnology And Nanoscience Society Milwaukee, WI | $21,033 | $0 |
Institute Of Health And Environmental Research Incorporate Columbus, OH | $457,925 | $1,341,904 |