UScience & TechnologyEIN: 381983442· Ruling Year: 1973

Altarum Institute

Novi, Michigan

BHealth Score
59B

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Above Average

How This Organization Compares

Compared to 5 peers in Science & Technology with $10M-$100M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org1.23×
Peer Median9.71×
💰
$32.8M
Total Revenue
📊
$37.2M
Total Expenses
🏦
$45.9M
Net Assets
📋
$13.2M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-30.3%
Year-over-year change (2022 → 2023)
Net Margin
-13.3%
Revenue minus expenses as % of revenue
Working Capital Ratio
1.23
Net assets divided by total expenses
Liabilities-to-Assets
22.3%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$32,837,05330%$37,202,57511%$59,064,49712%
2022$47,131,89238%$42,029,76210%$67,147,28119%
2021$34,183,66522%$38,100,9506%$56,576,7538%
2020$43,562,04613%$40,520,90520%$61,464,1164%
2019$50,041,9771%$50,758,019$64,267,0645%
2018$50,692,25211%$50,876,27614%$67,414,2103%
2017$56,892,8208%$59,289,1571%$65,452,8626%
2016$61,604,8627%$59,983,8566%$69,519,4825%
2015$57,595,4644%$56,657,6305%$73,080,3611%
2014$59,893,5195%$59,453,0278%$73,701,2493%
2013$63,049,4915%$64,951,9139%$75,797,3127%
2012$66,399,593$71,030,242$81,941,0933%
2011$66,417,584$70,723,563$84,138,466

Frequently Asked Questions

What does Altarum Institute do?

Altarum Institute is a science & technology nonprofit organization based in Michigan. It is classified under NTEE code U050 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Altarum Institute financially healthy?

Based on our 9-metric Financial Health Score model, Altarum Institute has a score of 59/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Altarum Institute generate?

Altarum Institute reports $43.4M in annual revenue and holds $53.8M in total assets, based on IRS filings.

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