HEALTH ALLIANCE PLAN OF MICHIGANPub 78
Pub 78
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,636,128,583
Program Services
99%
Investments
1%
Other
<1%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,609,912,895
Benefits to Members
89%
Salaries & Benefits
4%
Advertising & Promotion
2%
Depreciation
2%
Offices, Occupancy & IT
2%
Other
1%
Fees to Service Providers
1%
Grants
<1%
Interest
<1%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$1,607,176,310
$1,616,644,328
+1%
Membership Dues
$0
$0
-
Investments
$15,391,128
$19,363,615
+26%
Other
-$597,280
$120,640
-120%
Total Revenues
$1,621,970,158
$1,636,128,583
+1%
Expenses
2023
2024
Change
Grants
$508,900
$167,500
-67%
Benefits to Members
$1,459,182,855
$1,424,888,125
-2%
Salaries & Benefits
$50,535,785
$66,221,927
+31%
Fees to Service Providers
$27,959,498
$17,519,932
-37%
Advertising & Promotion
$28,809,436
$31,451,715
+9%
Offices, Occupancy & IT
$23,133,937
$24,384,185
+5%
Interest
$13,578
$151,122
+1013%
Depreciation
$17,953,472
$24,656,507
+37%
Other
$14,187,835
$20,471,882
+44%
Total Expenses
$1,622,285,296
$1,609,912,895
-1%
Net income
2023
2024
Change
Net income
-$315,138
+$26,215,688
-8419%
Functional Expenses
Summary
2023
2024
Change
Program
$1,595,577,641
$1,583,811,672
-1%
Admin
$26,707,655
$26,101,223
-2%
Fundraising
$0
$0
-
Total Expenses
$1,622,285,296
$1,609,912,895
-1%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)