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Nonprofiteer
← ALTAMED HEALTH SERVICES CORP

Form 990 for tax year 2022

Filed by ALTAMED HEALTH SERVICES CORP.

Totals

Total revenue
$1,249,678,105
Total expenses
$1,113,812,347
Contributions and grants received
$72,006,659
Grants paid
$1,024,081
Program service revenue
$1,042,173,219
Investment income
$17,543,725
Other revenue
$117,954,502
Total assets, end of year
$1,293,422,751
Total liabilities, end of year
$516,972,614
Net assets or fund balances, end of year
$776,450,137
Program services expenses (Part IX)
$994,717,398
Management and general expenses
$112,957,719
Fundraising expenses
$6,137,230
Program service expenses (Part III)
$994,717,398

Program services were 89.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $51,146

  • 1e · Government grants (contributions)

    $55,119,819

  • 1f · All other contributions, gifts and grants

    $16,835,694

  • 1g · Noncash contributions included above

    $170,016

  • 2a · Program service revenue: MANAGED CARE CONTRACTS

    total $710,734,420 · related or exempt $710,734,420

  • 2b · Program service revenue: NET PATIENT SERVICES

    total $255,558,427 · related or exempt $255,558,427

  • 2c · Program service revenue: PHARMACY REVENNUE

    total $75,184,548 · related or exempt $75,184,548

  • 2d · Program service revenue: WELLNESS INCENTIVES

    total $695,824 · related or exempt $695,824

  • 3 · Investment income

    total $19,435,126 · unrelated business $135,493 · excluded $19,299,633

  • 7a · Gross sales of assets other than inventory

    securities $133,800,700

  • 7b · Less cost or other basis and sales expenses

    securities $135,635,524 · other assets $56,577

  • 7c · Gain or loss

    securities -$1,834,824 · other assets -$56,577

  • 7d · Net gain or loss

    total -$1,891,401 · excluded -$1,891,401

  • 8a · Fundraising events: gross income

    $12,525

  • 8a · Fundraising events: contributions included on line 1c

    $51,146

  • 8b · Fundraising events: direct expenses

    $494,012

  • 8c · Net income from fundraising events

    total -$481,487 · excluded -$481,487

  • 11a · Other revenue: ADMINISTRATIVE SUPPORT

    total $59,111,918 · excluded $59,111,918

  • 11b · Other revenue: MANAGEMENT SERVICES

    total $58,271,949 · excluded $58,271,949

  • 11c · Other revenue: CONTRACT SERVICES

    total $1,052,122 · excluded $1,052,122

  • 11e · Other revenue, total

    $118,435,989

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,024,081 · program services $1,024,081

  • 5 · Compensation of officers, directors and key employees

    total $6,872,961 · program services $6,071,663 · management and general $754,013 · fundraising $47,285

  • 7 · Other salaries and wages

    total $323,454,934 · program services $285,687,685 · management and general $35,512,981 · fundraising $2,254,268

  • 8 · Pension plan contributions

    total $6,680,126 · program services $5,916,903 · management and general $725,236 · fundraising $37,987

  • 9 · Other employee benefits

    total $40,264,682 · program services $35,664,330 · management and general $4,371,385 · fundraising $228,967

  • 10 · Payroll taxes

    total $23,330,878 · program services $20,665,260 · management and general $2,532,946 · fundraising $132,672

  • 11a · Fees: management

    total $195,804,936 · program services $138,136,159 · management and general $55,869,396 · fundraising $1,799,381

  • 11b · Fees: legal

    total $2,303,927 · program services $1,625,371 · management and general $657,384 · fundraising $21,172

  • 11d · Fees: lobbying

    total $673,000 · program services $673,000

  • 11e · Fees: professional fundraising services

    total $334,003 · fundraising $334,003

  • 11f · Fees: investment management

    total $780,059 · management and general $780,059

  • 11g · Fees: other

    total $306,279,020 · program services $303,904,540 · management and general $2,338,893 · fundraising $35,587

  • 12 · Advertising and promotion

    total $6,272,194 · program services $5,442,011 · fundraising $830,183

  • 13 · Office expenses

    total $11,801,616 · program services $11,553,730 · management and general $186,121 · fundraising $61,765

  • 14 · Information technology

    total $14,082,513 · program services $11,976,013 · management and general $2,091,679 · fundraising $14,821

  • 16 · Occupancy

    total $27,264,153 · program services $24,627,169 · management and general $2,544,761 · fundraising $92,223

  • 20 · Interest

    total $5,621,072 · program services $5,621,072

  • 22 · Depreciation, depletion and amortization

    total $27,812,652 · program services $27,403,442 · management and general $401,424 · fundraising $7,786

  • 23 · Insurance

    total $8,381,982 · program services $8,362,741 · fundraising $19,241

  • 24a · Other expenses: PHARMACEUTICALS

    total $56,562,634 · program services $56,562,634

  • 24b · Other expenses: MEDICAL SUPPLIES

    total $21,707,274 · program services $21,707,274

  • 24c · Other expenses: PATIENT TRANSPORTATION

    total $7,199,538 · program services $7,199,538

  • 24d · Other expenses: STAFF DEVELOPMENT

    total $4,324,868 · program services $4,274,675 · management and general $25,440 · fundraising $24,753

  • 24e · All other expenses

    total $14,979,244 · program services $10,618,107 · management and general $4,166,001 · fundraising $195,136

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $51,502,208 · end of year $102,159,307

  • 2 · Savings and temporary cash investments

    beginning of year $4,817,124 · end of year $27,782,642

  • 3 · Pledges and grants receivable

    beginning of year $5,485,541 · end of year $10,159,871

  • 4 · Accounts receivable

    beginning of year $36,726,677 · end of year $77,301,477

  • 5 · Loans and receivables from officers and key people

    beginning of year $33,477,717 · end of year $33,812,386

  • 7 · Other notes and loans receivable

    beginning of year $11,911,927 · end of year $10,530,475

  • 8 · Inventories for sale or use

    beginning of year $2,922,443 · end of year $2,934,283

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,672,519 · end of year $7,630,852

  • 10a · Land, buildings and equipment: cost or other basis

    $508,207,557

  • 10b · Land, buildings and equipment: accumulated depreciation

    $181,298,417

  • 10c · Land, buildings and equipment, net

    beginning of year $329,234,771 · end of year $326,909,140

  • 11 · Investments: publicly traded securities

    beginning of year $622,735,021 · end of year $552,154,831

  • 12 · Investments: other securities

    beginning of year $25,192,747 · end of year $26,099,339

  • 14 · Intangible assets

    beginning of year $7,000,000 · end of year $9,503,432

  • 15 · Other assets

    beginning of year $34,533,407 · end of year $106,444,716

  • 17 · Accounts payable and accrued expenses

    beginning of year $153,555,264 · end of year $169,263,281

  • 19 · Deferred revenue

    beginning of year $18,726,160 · end of year $18,575,002

  • 20 · Tax-exempt bond liabilities

    beginning of year $97,869,378 · end of year $132,726,002

  • 23 · Secured mortgages and notes payable

    beginning of year $98,609,131 · end of year $50,047,871

  • 25 · Other liabilities

    beginning of year $50,369,000 · end of year $146,360,458

  • 27 · Net assets without donor restrictions

    beginning of year $742,203,815 · end of year $768,519,054

  • 28 · Net assets with donor restrictions

    beginning of year $9,879,354 · end of year $7,931,083

Mission and programs · 2022

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.

Activities or mission (Part I)

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.

  • 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.

    Expenses $682,425,458 · Grants $1,024,081 · Revenue $687,689,020

  • 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.

    Expenses $289,421,428 · Revenue $352,234,774

  • 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.

    Expenses $13,627,692 · Revenue $2,249,425

  • 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.

    Expenses $9,242,820

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ricardo Robles

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    1.6

  • Maria Grimaldo

    CONSUMER BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.2

  • Joseph Gomez

    CONSUMER BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.6

  • Adolfo Chanez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.6

  • Nadia Alvarez

    CONSUMER BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.2

  • Marc Victor

    INTERIM BOARD TREASURER

    Total calculated
    $0
    Hours/week
    1.6

  • Jose Avalos MD

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1.6

  • Lucy Herrera

    CONSUMER BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.2

  • Victor Olmos

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.2

  • Castulo Dela Rocha JD

    PRESIDENT & CEO

    Total calculated
    $1,447,586
    From this org
    $1,404,966
    From related orgs
    $0
    Other
    $42,620
    Hours/week
    40 + 3 related

    Schedule J breakdown matched by us

    Base
    $966,678
    Bonus
    $388,627
    Other
    $49,661
    Deferred
    $27,000
    Nontaxable benefits
    $15,620
    Filer's total
    $1,447,586

  • Jose U Esparza

    EVP FINANCE & CFO

    Total calculated
    $730,072
    From this org
    $673,963
    From related orgs
    $0
    Other
    $56,109
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $502,845
    Bonus
    $132,506
    Other
    $38,612
    Deferred
    $47,500
    Nontaxable benefits
    $8,609
    Filer's total
    $730,072

  • Zoila Escobar

    EVP, CHIEF ADMIN OFFICER

    Total calculated
    $728,885
    From this org
    $686,265
    From related orgs
    $0
    Other
    $42,620
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $517,350
    Bonus
    $145,785
    Other
    $23,130
    Deferred
    $27,000
    Nontaxable benefits
    $15,620
    Filer's total
    $728,885

  • Anna Tran

    SR. STRATEGY EXECUTIVE

    Total calculated
    $994,930
    From this org
    $962,533
    From related orgs
    $0
    Other
    $32,397
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $623,228
    Bonus
    $325,057
    Other
    $14,248
    Deferred
    $0
    Nontaxable benefits
    $32,397
    Filer's total
    $994,930

  • Efrain Talamantes

    SVP, HS CHIEF OPERATING OF

    Total calculated
    $770,899
    From this org
    $683,943
    From related orgs
    $0
    Other
    $86,956
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $484,900
    Bonus
    $146,173
    Other
    $52,870
    Deferred
    $41,000
    Nontaxable benefits
    $45,956
    Filer's total
    $770,899

  • Esiquio Casillas

    VP, MEDICAL DIRECTOR, PACE

    Total calculated
    $722,955
    From this org
    $657,033
    From related orgs
    $0
    Other
    $65,922
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $447,154
    Bonus
    $126,004
    Other
    $83,875
    Deferred
    $41,000
    Nontaxable benefits
    $24,922
    Filer's total
    $722,955

  • Rico Cristian

    INTERIM CMO

    Total calculated
    $724,425
    From this org
    $637,469
    From related orgs
    $0
    Other
    $86,956
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $452,586
    Bonus
    $141,080
    Other
    $43,803
    Deferred
    $41,000
    Nontaxable benefits
    $45,956
    Filer's total
    $724,425

  • Marco De La Rocha

    PRESIDENT OF AHN

    Total calculated
    $760,432
    From this org
    $739,874
    From related orgs
    $0
    Other
    $20,558
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $564,142
    Bonus
    $163,750
    Other
    $11,982
    Deferred
    $17,795
    Nontaxable benefits
    $2,763
    Filer's total
    $760,432

  • Parham Naghdechi

    HOSPITALIST

    Total calculated
    $614,701
    From this org
    $541,745
    From related orgs
    $0
    Other
    $72,956
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $417,468
    Bonus
    $29,919
    Other
    $94,358
    Deferred
    $27,000
    Nontaxable benefits
    $45,956
    Filer's total
    $614,701

  • Seema Kamal

    SVP GENERAL COUNSEL

    Total calculated
    $589,708
    From this org
    $562,708
    From related orgs
    $0
    Other
    $27,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $424,646
    Bonus
    $111,900
    Other
    $26,162
    Deferred
    $27,000
    Nontaxable benefits
    $0
    Filer's total
    $589,708

  • Christopher Bui

    AVP, CHIEF MEDICAL OFFICER

    Total calculated
    $690,429
    From this org
    $646,377
    From related orgs
    $0
    Other
    $44,052
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $434,100
    Bonus
    $196,562
    Other
    $15,715
    Deferred
    $41,000
    Nontaxable benefits
    $3,052
    Filer's total
    $690,429

  • Melanie Lin

    MEDICAL DIRECTOR

    Total calculated
    $633,083
    From this org
    $604,902
    From related orgs
    $0
    Other
    $28,181
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $533,270
    Bonus
    $57,138
    Other
    $14,494
    Deferred
    $20,500
    Nontaxable benefits
    $7,681
    Filer's total
    $633,083

  • Henry Holguin

    FORMER SVP, GENERAL COUNSEL

    Total calculated
    $1,055,124
    From this org
    $1,055,124
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $1,055,124
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $1,055,124

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINES 4A-B
4A: HENRY HOLGUIN, SVP. GENERAL COUNSEL OF THE ORGANIZATION, ENTERED INTO A SEVERANCE AGREEMENT. THE TOTAL SEVERANCE AMOUNT PAID IN 2022 WAS $492,377. 4B: ALTAMED HEALTH SERVICES CORPORATION HAS ESTABLISHED A NON-QUALIFIED PLAN PURSUANT TO 457(F) OF THE INTERNAL REVENUE CODE. THE PURPOSE OF THIS PLAN IS TO INCENTIVIZE THE ORGANIZATION'S OFFICERS AND SENIOR MANAGEMENT IN RECOGNITION OF THE FACT THAT THEY ARE REQUIRED TO DEVOTE SIGNIFICANT AMOUNTS OF TIME, SKILL AND ENERGY TO THE ORGANIZATION. THE AMOUNTS DEFERRED ARE SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE. ONCE VESTED THE AMOUNTS UNDER THIS PLAN ARE REPORTED ON FORM W-2 AS TAXABLE COMPENSATION TO THE INDIVIDUAL. HENRY HOLGUIN RECEIVED A PAYMENT OF $562,747 EFRAIN TALAMANTES RECEIVED A PAYMENT OF $16,526 RICO CHRISTIAN RECEIVED A PAYMENT OF $38,010 ESIQUIO CASILLAS RECEIVED A PAYMENT OF $38,010 CHRISTOPHER BUI RECEIVED A PAYMENT OF $15,195 PARHAM NAGHDECHI RECEIVED A PAYMENT OF $18,098

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • ALTAMED FOUNDATION

    501(C)(3) · FUNDRAISING · CA · controlled entity

    Directly controlled by ALTAMED HEALTH SERVICES CORPORATION

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • ALTURA MANAGEMENT SERVICES LLC

    MANAGED CARE · CA · income $58,271,949 · assets $25,990,884

    Directly controlled by ALTAMED HEALTH SERVICES CORPORATION

  • ALTAMED LLC

    MANAGED CARE · CA · income $0 · assets $0

    Directly controlled by ALTAMED HEALTH SERVICES CORPORATION

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ALTAMED HEALTH NETWORK INC

    C · MANAGED CARE · CA · 100% owned · share of income $191,300,177 · share of assets $77,944,831 · controlled entity

    Directly controlled by ALTAMED HEALTH SERVICES CORP

  • ALTAMED HOLDINGS INC

    C · HOLDING COMPANY-REAL ESTATE · CA · 100% owned · controlled entity

    Directly controlled by ALTAMED HEALTH SERVICES CORP

  • OMNICARE MEDICAL GROUP INC

    C · MANAGED CARE · CA · 100% owned · share of income $28,228,808 · share of assets $22,998,957 · controlled entity

    Directly controlled by ALTAMED HEALTH SERVICES CORP

  • ALTAMED INDEPENDENT PHYSICIAN NETWORK INC

    C · MANAGED CARE · CA · 100% owned · share of assets $44,579 · controlled entity

    Directly controlled by ALTAMED HEALTH SERVICES CORP

  • ALTAMED HEALTH NETWORK SENIOR SERVICES PLAN INC

    C · MANAGED CARE · CA · 100% owned

    Directly controlled by ALTAMED HEALTH SERVICES CORP

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202313199349331361

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