Altamed Health Services Corp is located in Los Angeles, CA. The organization was established in 1970. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 12/2022, Altamed Health Services Corp employed 4,746 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Altamed Health Services Corp 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, Altamed Health Services Corp generated $1.1b in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $1.0b during the year ending 12/2021. While expenses have increased by 13.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Altamed Health Services Corp has awarded 198 individual grants totaling $54,092,249. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O : 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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL & DENTAL SERVICES ALTAMED OPERATES 31 PRIMARY CARE AND DENTAL CLINICS IN LOS ANGELES COUNTY (24 CLINICS) AND ORANGE COUNTY (7 CLINICS), IN ADDITION TO TWO MOBILE UNITS THAT OFFER MEDICAL, DENTAL, AND COMMUNITY OUTREACH SERVICES. IN 2022, ALTAMED PROVIDED A MEDICAL HOME TO OVER 245,000 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 50,700 CHILDREN AND ADULTS ACCESSED ORAL HEALTH SERVICES THROUGH ALTAMED'S 10 DENTAL CLINICS, 1 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 85,000 PATIENTS THROUGHOUT LOS ANGELES AND ORANGE COUNTIES IN 2022. 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.
YOUTH SERVICES - ALTAMED PROVIDES AN ARRAY OF YOUTH SERVICES TO OVER 1,200 AT-RISK TEENS AND YOUNG ADULTS IN MEDICALLY-UNDERSERVED COMMUNITIES EACH YEAR. SERVICES INCLUDE: PREGNANCY AND STD PREVENTION PROGRAMS, FAMILY PLANNING, HEALTH EDUCATION AND INFORMATION WORKSHOPS, LINKAGES TO CLINICAL SERVICES, CASE MANAGEMENT FOR PREGNANT/PARENTING TEENS, PARENTING EDUCATION, SUPPORT FOR PARENTING TEENS TO HELP THEM STAY IN SCHOOL AND LIFE-SKILLS DEVELOPMENT. ALTAMED ALSO PROVIDES INTENSIVE TUTORING FOR HIGH SCHOOL STUDENTS, MENTORSHIP, GUIDANCE INTO COLLEGE AND TECHNICAL SCHOOLS, AND WORKFORCE DEVELOPMENT WITH CAREER PIPELINES IN THE MEDICAL FIELD.THE ALTAMED INSTITUTE FOR HEALTH EQUITY (AIHE). THROUGH INNOVATION AND COMMUNITY ENGAGEMENT, THE WORK OF THE INSTITUTE IS TO ADDRESS A WIDE ARRAY OF HEALTH INEQUITIES THAT DISPROPORTIONATELY AFFECT RACIAL AND ETHNIC GROUPS, INCLUDING ADDRESSING THE MULTIPLE SOCIAL DETERMINANTS OF HEALTH WHICH LEAD TO DISPARITIES IN CLINICAL OUTCOMES. ALTAMED'S PATIENT POPULATION IS OVERWHELMINGLY FROM RACIAL/ETHNIC MINORITIES INCLUDING INDIVIDUALS WITH LIMITED ENGLISH PROFICIENCY THAT SUFFER DISPROPORTIONATELY FROM HEALTH DISPARITIES. THROUGH TRANSLATIONAL RESEARCH, GRANTS, AND STRATEGIC PARTNERSHIPS, THE INSTITUTE IS DEVELOPING EVIDENCE-BASED STRATEGIES TO IMPROVE PATIENT CARE. THE INSTITUTE REPRESENTS THE ESTABLISHMENT OF CRITICAL RESOURCES TO ADVISE ALTAMED HEALTH SERVICES ON SYSTEMATICALLY ADDRESSING KEY ISSUES IN HEALTH EQUITY BY DEVELOPING AND ADVANCING CONSENSUS STRATEGIES THAT ARE EFFECTIVE, SUSTAINABLE AND THAT CAN BE IMPLEMENTED LOCALLY.ALTAMED OFFERS 9 SPECIALTY CARE SERVICES TO REMOVE THE BARRIERS TO CARE MANY WERE EXPERIENCING WHEN TRYING TO ACCESS THESE MUCH NEEDED SERVICES. EXPANSION OF THE WORKFORCE PIPELINES CONTINUE TO EDUCATE AND TRAIN COMMUNITY MEMBERS IN MA, LVN, AND NURSE CAREER PATHWAYS. ALTAMED HAS GROWN THE NEWLY FORMED CIVIC ENGAGEMENT DEPARTMENT TO ADDRESS SOCIAL DETERMINANTS OF HEALTH AND TRAIN COMMUNITY MEMBERS ON HOW TO ADVOCATE AT THE GRASSROOTS LEVEL FOR INCREASED AND PARTICULAR HEALTH ACCESS AND REFORMS, AND ENCOURAGE COMMUNITY TO GET INVOLVED WITH LOCAL ISSUES AND VOTE.
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.
HIV CARE AND SERVICES WITH TWO DECADES OF EXPERIENCE AS A RYAN WHITE PART C PROVIDER, ALTAMED SERVES OVER 1,500 HIV-POSITIVE PATIENTS EACH YEAR AT FOUR DEDICATED HIV PRIMARY CARE CLINICS IN LATINX COMMUNITIES IN LOS ANGELES AND ORANGE COUNTIES. ALTAMED IS A LONG-STANDING RYAN WHITE AND MINORITY AIDS INITIATIVE PROVIDER THAT ALSO HAS LONGTIME EXPERIENCE ADMINISTERING EVIDENCE-BASED, HIV PREVENTION INTERVENTIONS AND PROGRAMMING AT INDIVIDUAL-, POPULATION-, AND SYSTEMS-LEVELS THROUGH MULTI-YEAR CDC PREVENTION GRANTS AND OTHER LOCAL, STATE, AND FEDERAL CONTRACTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ricardo Robles Board Secretary | OfficerTrustee | 1.6 | $0 |
Maria Grimaldo Consumer Board Member | Trustee | 1.2 | $0 |
Joseph Gomez Consumer Board Member | Trustee | 1.6 | $0 |
Adolfo Chanez Board Member | Trustee | 1.6 | $0 |
Nadia Alvarez Consumer Board Member | Trustee | 1.2 | $0 |
Marc Victor Interim Board Treasurer | OfficerTrustee | 1.6 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Cross Country Workforce Solutions Group Staffing Agency | 12/30/22 | $19,570,062 |
Sensis Inc Marketing | 12/30/22 | $7,352,865 |
Childrens Hospital La Medical Group Medical Services | 12/30/22 | $17,794,923 |
Health Talent 2 Staffing Agency | 12/30/22 | $6,928,883 |
Vincor Construction Inc Construction | 12/30/22 | $3,435,778 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $54,978,241 |
Investment income | $31,065,932 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $12,941,978 |
Net Income from Fundraising Events | -$31,840 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,054,136,361 |
Statement of Expenses | |
---|---|
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. | $5,743,274 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $275,674,408 |
Pension plan accruals and contributions | $5,849,804 |
Other employee benefits | $37,748,351 |
Payroll taxes | $19,310,616 |
Fees for services: Management | $75,722,115 |
Fees for services: Legal | $1,514,424 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $515,470 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $913,853 |
Fees for services: Other | $312,393,059 |
Advertising and promotion | $6,560,858 |
Office expenses | $13,133,150 |
Information technology | $12,384,806 |
Royalties | $0 |
Occupancy | $15,807,992 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $6,091,680 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $26,134,871 |
Insurance | $7,364,622 |
All other expenses | $0 |
Total functional expenses | $1,002,853,406 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $51,502,208 |
Savings and temporary cash investments | $4,817,124 |
Pledges and grants receivable | $5,485,541 |
Accounts receivable, net | $36,726,677 |
Loans from Officers, Directors, or Controlling Persons | $33,477,717 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $11,911,927 |
Inventories for sale or use | $2,922,443 |
Prepaid expenses and deferred charges | $5,672,519 |
Investments—publicly traded securities | $622,735,021 |
Investments—other securities | $25,192,747 |
Investments—program-related | $0 |
Intangible assets | $7,000,000 |
Other assets | $34,533,407 |
Total assets | $1,171,212,102 |
Accounts payable and accrued expenses | $153,555,264 |
Grants payable | $0 |
Deferred revenue | $18,726,160 |
Tax-exempt bond liabilities | $97,869,378 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $98,609,131 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $50,369,000 |
Total liabilities | $419,128,933 |
Net assets without donor restrictions | $742,203,815 |
Net assets with donor restrictions | $9,879,354 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total liabilities and net assets/fund balances | $752,083,169 |
Over the last fiscal year, Altamed Health Services Corp has awarded $944,081 in support to 32 organizations.
Grant Recipient | Amount |
---|---|
ADELANTE YOUTH ALLIANCE PURPOSE: REDUCE HEALTH DISPARITY IN UNDERSERVED COMMUNITIES. | $40,000 |
ALLIANCE IN MENTORSHIP PURPOSE: REDUCE HEALTH DISPARITY IN UNDERSERVED COMMUNITIES. | $100,000 |
AMAZON COM SERVICES INC PURPOSE: REDUCE HEALTH DISPARITY IN UNDERSERVED COMMUNITIES. | $6,263 |
AMERICAN NURSES FOUNDATION INC PURPOSE: REDUCE HEALTH DISPARITY IN UNDERSERVED COMMUNITIES. | $25,000 |
ANDRES Y MARIA CARDENAS FAMILY FOUNDATION PURPOSE: REDUCE HEALTH DISPARITY IN UNDERSERVED COMMUNITIES. | $25,000 |
CHARLES R DREW UNIVERSITY OF MEDICINE & SCIENCE PURPOSE: REDUCE HEALTH DISPARITY IN UNDERSERVED COMMUNITIES. | $15,000 |