U — Science & 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$32,837,053↓30%$37,202,575↓11%$59,064,497↓12%
2022$47,131,892↑38%$42,029,762↑10%$67,147,281↑19%
2021$34,183,665↓22%$38,100,950↓6%$56,576,753↓8%
2020$43,562,046↓13%$40,520,905↓20%$61,464,116↓4%
2019$50,041,977↓1%$50,758,019$64,267,064↓5%
2018$50,692,252↓11%$50,876,276↓14%$67,414,210↑3%
2017$56,892,820↓8%$59,289,157↓1%$65,452,862↓6%
2016$61,604,862↑7%$59,983,856↑6%$69,519,482↓5%
2015$57,595,464↓4%$56,657,630↓5%$73,080,361↓1%
2014$59,893,519↓5%$59,453,027↓8%$73,701,249↓3%
2013$63,049,491↓5%$64,951,913↓9%$75,797,312↓7%
2012$66,399,593$71,030,242$81,941,093↓3%
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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