Health Alliance Plan Of Michigan

Health · Detroit, Michigan

1 Ford Pl, Detroit, MI 48202-3450

EIN: 382242827· Founded: Mar 2004· 22 years active· Filing Year: 2023

Annual Revenue

$1.6B

Total Expenses

$1.6B

Total Assets

$668.6M

Program Spending

99%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

$5.2M

0.3% of total expenses

All officers, directors, and key employees combined

Other Salaries & Wages

$25.9M

Total Payroll

$31.1M

2% of total expenses

Where the Money Goes

99%

Programs: 99%

Payroll: 2%

Other overhead: 1%

Program Revenue$1.6B (99%)

Total Expenses$1.6B (100%)

Payroll$31.1M (2%)

Overhead (non-program)1%

Trust Score Breakdown

Program Spending Ratio

99% of expenses go to programs

40%

Revenue & Stability

$1.6B annual revenue

15%

Executive Compensation

$5.2M total officer comp (0.3% of expenses)

20%

Filing Recency

Most recent filing: 2023

15%

Asset Strength

$668.6M in assets

10%

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Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.