Health Alliance Plan of Michigan
Detroit, Michigan
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 354 peers in Health Care with >$1B revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $1,621,970,158↑4% | $1,622,285,296↑7% | $668,623,512↑9% | — |
| 2022 | $1,566,077,953↑4% | $1,509,906,316↓8% | $614,290,528↓3% | — |
| 2021 | $1,512,844,679↓1% | $1,645,581,353↑12% | $635,656,895↓12% | — |
| 2020 | $1,523,591,589↑1% | $1,464,356,994↓2% | $726,435,984↑19% | — |
| 2019 | $1,510,727,877↑2% | $1,493,376,572↑1% | $611,708,865 | — |
| 2018 | $1,473,964,679↓20% | $1,483,423,250↓19% | $614,028,005↓10% | — |
| 2017 | $1,832,480,920↓3% | $1,823,464,751↓4% | $678,871,294↑5% | — |
| 2016 | $1,897,300,343↑18% | $1,909,379,487↑18% | $647,542,306↑13% | — |
| 2015 | $1,608,654,798↓8% | $1,622,395,319↓8% | $575,316,532↓7% | — |
| 2014 | $1,754,278,522↓6% | $1,760,417,721↓5% | $620,761,645↑2% | — |
| 2013 | $1,864,084,042↓2% | $1,844,810,671↓2% | $607,788,706↓1% | — |
| 2012 | $1,895,763,723↑6% | $1,874,585,988↑6% | $613,973,861↑7% | — |
| 2011 | $1,791,417,432 | $1,771,052,414 | $575,301,796 | — |
Frequently Asked Questions
What does Health Alliance Plan of Michigan do?▼
Health Alliance Plan of Michigan is a health care nonprofit organization based in Michigan. It is classified under NTEE code E310 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Health Alliance Plan of Michigan financially healthy?▼
Based on our 9-metric Financial Health Score model, Health Alliance Plan of Michigan has a score of 55/100 (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 Health Alliance Plan of Michigan generate?▼
Health Alliance Plan of Michigan reports $1.6B in annual revenue and holds $703.3M in total assets, based on IRS filings.
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