Altarum Institute
Only 57% goes to programs $2 to raise $100 Strong reserves Growing revenue
Altarum Institute is a 501(c)(3) organization based in Novi, Michigan, registered in 1973, with $43,405,911 in FY2024 revenue. CharityIndex grades it B, and it directs about 57% of spending to programs.
26200 Town Center Dr Ste 350, Novi, MI, 48375 EIN 38-1983442 Since 1973
Revenue (FY2024)
$43.4M
▲ 32.2% vs prior year
Science & Tech median: $288K
Expenses (FY2024)
$42.3M
Net assets
$39.6M
Employees
229
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →CProgram efficiency40% of the rating57% to programs · $2 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Altarum Institute: 57% to programs · $2 to raise $100 earns a C on this criterion. See the exact thresholds →
AFinancial health25% of the rating11 mo reserves · +2% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Altarum Institute: 11 mo reserves · +2% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Altarum Institute: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Altarum Institute: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Altarum is focused on improving the health of individuals with fewer financial resources and populations disenfranchised by the health care system. we transform health care policies into real-world practice, partnering with federal, state, and local health agencies and associations to help them achieve their strategic priorities.
Contact & location
- Address
- 26200 Town Center Dr Ste 350, Novi, MI, 48375
- City
- Novi
- State
- Michigan
- Category
- Science & Technology
- Subcategory
- Alliances, Advocacy & Professional Societies
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $63.0M (FY2013) to $43.4M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $14.2MNet assets $39.6M
Operating margin
2.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$53.8M
Total liabilities
$14.2M
Net assets
$39.6M
Salaries & benefits
$27.1M
64% of expenses
Board members
9
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $43,405,911▲32.2% | $42,336,486▲13.8% | $39,599,256▼13.7% | $53,792,738▼8.9% | 990 |
| 2023 | $32,837,053▼30.3% | $37,202,575▼11.5% | $45,875,310▼5.9% | $59,064,497▼12.0% | 990 |
| 2022 | $47,131,892▲37.9% | $42,029,762▲10.3% | $48,748,108▲17.7% | $67,147,281▲18.7% | 990 |
| 2021 | $34,183,665▼31.7% | $38,100,950▼24.9% | $41,420,038▼5.9% | $56,576,753▼12.0% | 990 |
| 2019 | $50,041,977▼1.3% | $50,758,019▼0.2% | $44,034,394▲0.4% | $64,267,064▼4.7% | 990 |
| 2018 | $50,692,252▼10.9% | $50,876,276▼14.2% | $43,866,033▲8.7% | $67,414,210▲3.0% | 990 |
| 2017 | $56,892,820▼7.6% | $59,289,157▼1.2% | $40,343,594▲17.3% | $65,452,862▼5.8% | 990 |
| 2016 | $61,604,862▲7.0% | $59,983,856▲5.9% | $34,406,899▲3.8% | $69,519,482▼4.9% | 990 |
| 2015 | $57,595,464▼3.8% | $56,657,630▼4.7% | $33,160,318▲4.0% | $73,080,361▼0.8% | 990 |
| 2014 | $59,893,519▼5.0% | $59,453,027▼8.5% | $31,871,728▼1.8% | $73,701,249▼2.8% | 990 |
| 2013 | $63,049,491 | $64,951,913▼8.6% | $32,449,457▼5.2% | $75,797,312▼7.5% | 990 |
| 2012 | — | $71,030,242▲0.4% | $34,226,962▲0.3% | $81,941,093▼2.6% | 990 |
| 2011 | — | $70,723,563▼1.9% | $34,134,544▼11.8% | $84,138,466▲8.1% | 990 |
| 2010 | — | $72,125,522 | $38,713,374 | $77,818,594 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Michael Monson — $1,023,930 (2.42% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Michael Monson | President & Ceo | 40 | $1,023,930 |
| Lincoln Smith Thru 3322 | Former Senior Vice President | 0 | $550,000 |
| Denise Sturm | Evp & Cfo | 40 | $522,618 |
| Melesa Litteral | Evp & Cao | 40 | $463,561 |
| Laura Sankey | Evp & Cso | 40 | $452,871 |
| Tracy Lawyer | Secretary | 40 | $364,241 |
| Susan Hayashi Thru 71924 | Vice President | 40 | $339,597 |
| Tara Fowler Thru 11824 | Vice President | 40 | $325,423 |
| Raymond Tabaczka Jr | Corporate Director | 40 | $238,220 |
| Sandra J Ziebold | Corporate Manager | 40 | $236,936 |
| Sasigant S O'neil | Senior Director | 40 | $219,528 |
| David Banks Thru 42624 | Senior Director | 40 | $213,890 |
| Anya V Polijanac | Vice President | 40 | $207,499 |
| Joseph Fifer | Chairman Trustee | 3 | $38,250 |
| Jennie Chin Hansen | Trustee | 3 | $28,500 |
| Kelvin Womack | Trustee | 3 | $28,500 |
| Linda Elam | Vice Chair Trustee | 3 | $28,500 |
| Bruce Vladeck | Trustee | 3 | $23,250 |
| Laquandra Nesbitt | Trustee | 3 | $23,250 |
| Melanie Bella | Trustee | 3 | $23,250 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Briebug Software Inc | Scientific/technical Services | $1,284,466 |
| Datastat Inc | Scientific/technical Services | $1,263,925 |
| Westat Inc | Scientific/technical Services | $1,022,579 |
| W2 Consulting Corporation | Scientific/technical Services | $691,642 |
| Hln Consulting LLC | Scientific/technical Services | $498,154 |
Grants received · $9.6M total
25 grants to Altarum Institute totaling $9.6M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Michigan Health Endowment Fund | Regional extension centers for community-based organizations | 2023 | $249,462 |
| Kaiser Foundation Health Plan of Washington | Research subrecipient | 2023 | $194,781 |
| The Chicago Community Trust | General operating support | 2022 | $5,000,000 |
| Kaiser Foundation Health Plan of Washington | Research subrecipient | 2022 | $472,232 |
| Kaiser Foundation Health Plan of Washington | Research subrecipient | 2021 | $579,166 |
| Michigan Health Endowment Fund | Nursing home staff and residents: loss and isolation solutions | 2021 | $352,644 |
| American Endowment Foundation | General operating support | 2021 | $25,000 |
| Northwestern University | Support of research activities | 2021 | $21,976 |
| Kaiser Foundation Health Plan of Washington | Research | 2020 | $298,049 |
| Pharmaceutical Research and Manufacturers of America | General contribution | 2020 | $150,000 |
| Northwestern University | Support of research activities | 2020 | $97,195 |
| Michigan Health Endowment Fund | Responding to adolescent depression through integration and telemedicine | 2019 | $490,847 |
| Northwestern University | Support of research activities | 2019 | $31,820 |
| Johns Hopkins University | Sub-award | 2019 | $7,900 |
| Michigan Health Endowment Fund | Breaking down barriers to sharing behavioral health information | 2018 | $358,000 |
Grants made · $10K in FY2019
1 grant totaling $10K in FY2019. All grants made by Altarum Institute →
| Recipient | Purpose | Amount |
|---|---|---|
| Michigan Theater Foundation Inc | Corporate sponsorship | $10,000 |
Similar organizations in Science & Tech
Science & Tech
American Lightweight Materials Manufacturing Innovation Institute
Detroit, MI
$42.5M
Bannual revenue
Science & Tech
American Concrete Institute
Farmington Hills, MI
$25.9M
Bannual revenue
Science & Tech
University Corporation For Advanced Internet Development
Ann Arbor, MI
$81.6M
A+annual revenue
Science & Tech
Iqm Research Institute
Ann Arbor, MI
$4.6M
Bannual revenue
Science & Tech
Great Lakes Observing System Regional Association
Ann Arbor, MI
$4.2M
Cannual revenue
- Science & Tech
Corewell Health - Michigan State University Alliance Corporation
Grand Rapids, MI
$3.0M
C+annual revenue
Science & Tech
Center For Automotive Research
Ann Arbor, MI
$2.7M
Cannual revenue
Science & Tech
The Engineering Society of Detroit
Southfield, MI
$2.4M
Bannual revenue
Science & Tech
Additive Manufacturing Users Group Inc
Zeeland, MI
$2.1M
Bannual revenue
- Science & Tech
Michigan Technology Commercialization Corporation
Ann Arbor, MI
$1.5M
Fannual revenue
Compare Altarum Institute
Frequently asked questions
- Is Altarum Institute a legitimate nonprofit?
- Yes. Altarum Institute is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 38-1983442, based in Novi, Michigan. Donations are tax-deductible.
- What is Altarum Institute's EIN?
- Altarum Institute's Employer Identification Number (EIN) is 38-1983442.
- How much revenue does Altarum Institute report?
- Altarum Institute reported $43,405,911 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Altarum Institute's spending goes to programs?
- Altarum Institute spends about 57% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Altarum Institute have?
- CharityIndex grades Altarum Institute B, based on program efficiency and fundraising cost.
- How much does Altarum Institute's highest-paid employee make?
- The highest reported compensation on Altarum Institute's latest Form 990 is $1,023,930, paid to Michael Monson (President & Ceo).
More nonprofits in Novi
Explore more
Data for Altarum Institute (EIN 38-1983442) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.