2022-11-02T10:48:47-05:00 2021-12-31 383635706 REHMANN ROBSON LLC 555 BRIARWOOD CIRCLE STE 300 ANN ARBOR MI 48108 990 2021-01-01 381983442 ALTARUM INSTITUTE ALTA 7343024600 3520 GREEN COURT SUITE 300 ANN ARBOR MI 48105 DENISE STURM CFO 7343024600 2022-11-01 1 DENISE STURM 999009999 ADAM P WILLIAMS CPA P00641847 7347612005 2022-10-31 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z MICHAEL MONSON 3520 GREEN COURT SUITE 300 ANN ARBOR MI 48105 35289656 0 X WWW.ALTARUM.ORG X 1972 MI IMPROVE THE HEALTH OF INDIVIDUALS WITH FEWER FINANCIAL RESOURCES AND THOSE DISENFRANCHISED BY THE SYSTEM. 8 7 235 0 7185 0 17661228 29300342 20156175 4558679 5699066 354492 45577 -29848 43562046 34183665 0 0 0 0 26915255 24756755 0 0 988022 13605650 13344195 40520905 38100950 3041141 -3917285 61464116 56576753 15047116 15156715 46417000 41420038 X ALTARUM INSTITUTE DEVELOPS AND IMPLEMENTS SOLUTIONS TO IMPROVE THE HEALTH OF INDIVIDUALS WITH FEWER FINANCIAL RESOURCES AND THOSE DISENFRANCHISED BY THE SYSTEM. 0 0 19356960 0 32221140 ALTARUM INSTITUTE DEVELOPS AND IMPLEMENTS SOLUTIONS TO IMPROVE THE HEALTH OF INDIVIDUALS WITH FEWER FINANCIAL RESOURCES AND THOSE DISENFRANCHISED BY THE SYSTEM. THREE OF ALTARUM'S 2021 MAJOR PROGRAMS INCLUDE:- MDHHS DATA HUB: PROVIDES INNOVATIVE PUBLIC HEALTH IT INFRASTRUCTURE AND TECHNICAL ASSISTANCE TO THE MICHIGAN DEPARTMENT OF HEALTH AND HUMAN SERVICES (MDHHS) THAT IMPROVES THE FLOW OF DATA FROM HEALTH CARE PROVIDERS INTO STATE PUBLIC HEALTH SYSTEMS AND BETWEEN STATE AND FEDERAL GOVERNMENT PUBLIC HEALTH SYSTEMS. ALTARUM'S SERVICES INCREASE STATE CAPACITY TO PERFORM ACUTE, CHRONIC, INFECTIOUS AND SYNDROMIC DISEASE SURVEILLANCE, ENABLING THE STATE TO TRACK CHANGES IN POPULATION HEALTH AND DETECT AND RESPOND QUICKLY TO OUTBREAKS OF ILLNESS, POTENTIAL PUBLIC HEALTH THREATS, AND EMERGENCIES LIKE COVID-19.- QUALITY PAYMENT PROGRAM SMALL RURAL AND UNDERSERVED SUPPORT CONTRACTOR (QPP-SURS): ALTARUM PROVIDES DIRECT TECHNICAL ASSISTANCE TO HELP MEDICAL PROVIDERS IN MORE THAN 16,000 SMALL, RURAL, OR HISTORICALLY UNDERSERVED PRACTICES ACROSS A SEVEN-STATE MIDWESTERN REGION TRANSFORM THEIR PRACTICES AND ACHIEVE HIGH QUALITY OUTCOMES. WORKIN GON BEHALF OF THE CENTER FOR MEDICARE AND MEDICAID SERVICES (CMS), WE HELP PROVIDERS IDENTIFY THE APPROPRIATE QUALITY MEASURES, RECORD THE MEASURES, REPORT THE MEASURES, AND MOST IMPORTANTLY, IMPROVE THEIR OUTCOMES. - HEALTH CARE SURVEYS OF DEPARTMENT OF DEFENSE BENEFICIARIES (HCSDB): ALTARUM OVERSEES THE COLLECTION AND ANALYSIS OF DATA FOR HCSDB AND THE TRICARE SELECT SURVEYS OF PROVIDERS AND BENEFICIARIES. WORKING ON BEHALF OF HCSDB WE COLLECT CRITICAL INFORMATION FROM MILITARY SERVICE MEMBERS TO HELP ASSESS AND IMPROVE THEIR CARE. WE BRING THOUGHTFUL ANALYTICS TO BEAR TO PROVIDE MILITARY HEALTH SESRVICE (MHS) LEADERS WITH THE INFORMATION THEY NEED TO ENSURE THAT SERVICE MEMBERS RECEIVE THE CARE THEY NEED AND DESERVE. 19356960 1 1 0 1 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 97 0 1 235 1 1 1 0 0 0 0 0 0 0 0 0 1 0 X 8 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MI X SANDRA ZIEBOLD 7343024600 3520 GREEN COURT SUITE 300 ANN ARBOR MI 48105 GUY FISH CHAIRMAN TRUSTEE 3.00 1.00 X 51000 0 0 JOSEPH FIFER VICE CHAIRMAN TRUSTEE 3.00 1.00 X 38000 0 0 GERALD CROAN TRUSTEE 3.00 1.00 X 38000 0 0 LINDA ELAM TRUSTEE 3.00 1.00 X 36250 0 0 ROSEMARY GIBSON TRUSTEE 3.00 1.00 X 31000 0 0 JENNIE CHIN HANSEN TRUSTEE 3.00 1.00 X 38000 0 0 KELVIN WOMACK TRUSTEE 3.00 1.00 X 31000 0 0 RONALD J GARDHOUSE END 033121 TRUSTEE 3.00 1.00 X 9500 0 0 LINCOLN SMITH SENIOR VICE PRESIDENT 40.00 0.00 X X 1180331 0 40751 MICHAEL MONSON PRESIDENT AND CEO 40.00 0.00 X X 365417 0 14000 DANIEL ARMIJO END 53121 FORMER SVP & COO 40.00 0.00 X 465375 0 565545 DAVID ROBERTSON SVP & CFO 40.00 0.00 X 420454 0 41333 MALESA LITTERAL SVP & CHRO 40.00 0.00 X 309938 0 35597 LAURA SANKEY SVP & COS 40.00 0.00 X 144749 0 16464 TRACY LAWYER ASST. SECRETARY 40.00 0.00 X 274665 0 60036 STEVEN TOWELL CORPORATE DIRECTOR/ FORMER 40.00 0.00 X 238599 0 67041 TARA FOWLER VICE PRESIDENT 40.00 0.00 X 237519 0 56372 RICHARD KELLER VICE PRESIDENT 40.00 0.00 X 236218 0 114966 ANYA DAY POLJANAC VICE PRESIDENT 40.00 0.00 X 188216 0 64589 DAVID BANKS CORPORATE DIRECTOR 40.00 0.00 X 237009 0 86645 RAENA AKIN-DEKO END 81321 VICE PRESIDENT 40.00 0.00 X 205268 0 8020 LISA TOMPKINS-BROWN END 62521 VICE PRESIDENT 40.00 0.00 X 202994 0 4146 4979502 0 1175505 79 0 1 0 DATASTAT INC 3975 RESEARCH PARK DRIVE ANN ARBOR MI 48108 SCIENTIFIC/TECHNICAL SERVICES 1320481 WESTAT INC 1650 RESEARCH BLVD ROCKVILLE MD 20850 SCIENTIFIC/TECHNICAL SERVICES 577303 NORTHWESTERN UNIVERSITY 633 CLARK STREET ROOM G-547 EVANSTON IL 602081112 SCIENTIFIC/TECHNICAL SERVICES 476555 RUSSELL REYNOLDS ASSOCIATES INC 277 PARK AVE SUITE 3800 NEW YORK NY 10172 TECHNICAL SERVICES 448333 DATASCIENCE LLC PO BOX 42704 TUCSON AZ 85733 SCIENTIFIC/TECHNICAL SERVICES 351600 32 27662589 1637753 29300342 CONTRACT REVENUE 541900 4479294 4479166 128 0 LICENSE REVENUE 541900 79385 79385 0 0 4558679 344934 344934 659177 689025 -29848 -29848 7057 -36905 426524 416966 9558 9558 9558 34183665 4558551 7185 317587 X 4852475 2500843 2224518 127114 16411877 8458269 7523689 429919 889634 458494 407835 23305 914656 471391 419305 23960 1688113 870011 773881 44221 55240 55240 123200 123200 97500 97500 7766041 4002422 3560183 203436 1937052 998308 888002 50742 1807901 931747 828795 47359 40234 20735 18445 1054 74289 38287 34056 1946 47419 47419 802892 343558 441872 17462 114945 59240 52694 3011 TRAINING & EDUCATION 322375 166144 147786 8445 TAXES 106394 54833 48774 2787 GOVERNANCE COSTS 75761 39045 34731 1985 OTHER -27048 -56367 28043 1276 38100950 19356960 17755968 988022 300 0 7090072 3602946 5069801 6880134 1412945 1424595 27424040 16816059 11367789 10607981 10248905 9829386 22976239 21899118 1090195 953920 2207870 1378673 61464116 56576753 6969175 7720524 1620975 2289066 4274897 3715044 2182069 1432081 15047116 15156715 X 46417000 41420038 46417000 41420038 61464116 56576753 X -3917285 -2556 -1077121 X 0 1 X 1 1 1 X 19457251 18906559 19677156 17661225 29300342 105002533 37360435 31276534 29904365 20156047 4558557 123255938 56817686 50183093 49581521 37817272 33858899 228258471 0 23584765 15635718 15004936 10897186 1405706 66528311 23584765 15635718 15004936 10897186 1405706 66528311 161730160 53208 394273 292838 257752 344934 1343005 32177 51851 27802 31658 7179 150667 85385 446124 320640 289410 352113 1493672 18758 19 13 18790 56921829 50629236 49902174 38106682 34211012 229770933 0.70390 0.67030 0.00650 0.00470 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: ADMINISTRATIVE SERVICES - 2017 AMOUNT: $ 18,758. MISCELLANEOUS - 2018 AMOUNT: $ 19. 2019 AMOUNT: $ 13. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 97500 97500 19034851 19132351 1000000 250000 0 0 19500 19500 29250 97500 97500 4875 4875 7313 SCH C PART II-A ALTARUM ALONG WITH CONSULTANTS MET WITH AND/OR SUBMITTED INFORMATION TO STATE OF MICHIGAN LEGISLATORS AND STAFF MEMBERS OF THE U.S. HOUSE OF REPRESENTATIVES AND/OR THE U.S. SENATE. 1596660 1596660 17208157 9160381 8047776 780432 695008 85424 7838791 6960670 878121 10607981 INVESTMENT IN FCAM SUBSIDIARIES 21874118 C INVESTMENT IN RIGHTPATH CAPITAL 25000 C 21899118 INTERCOMPANY PAYABLE 28142 DEFERRED COMPENSATION LIABILITY 1403939 1432081 X PART X, LINE 2: ASC 740 (FKA FIN 48) FOOTNOTE THE INSTITUTE ANALYZES ITS INCOME TAX FILING POSITIONS IN THE FEDERAL, STATE, AND LOCAL JURISDICTIONS WHERE IT IS REQUIRED TO FILE INCOME TAX RETURNS, AS WELL AS ALL OPEN TAX YEARS IN THESE JURISDICTIONS, TO IDENTIFY POTENTIAL UNCERTAIN TAX POSITIONS. THE INSTITUTE TREATS INTEREST AND PENALTIES ATTRIBUTABLE TO INCOME TAXES, AND REFLECTS ANY CHARGES FOR SUCH, TO THE EXTENT THEY ARISE, AS A COMPONENT OF ITS INCOME TAX EXPENSE. THE INSTITUTE HAS EVALUATED ITS INCOME TAX FILING POSITIONS FOR FISCAL YEARS 2018 THROUGH 2021, THE YEARS WHICH REMAIN SUBJECT TO EXAMINATION AS OF DECEMBER 31, 2021. THE INSTITUTE CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE INSTITUTE'S CONSOLIDATED FINANCIAL STATEMENTS. THE INSTITUTE DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS ("UTB") (E.G. TAX DEDUCTIONS, EXCLUSIONS, OR CREDITS CLAIMED OR EXPECTED TO BE CLAIMED) TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. THE INSTITUTE DOES NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES RELATED TO UTBS AT DECEMBER 31, 2021 OR 2020 AND IS NOT AWARE OF ANY CLAIMS FOR SUCH AMOUNTS BY FEDERAL, STATE OR LOCAL INCOME TAX AUTHORITIES. SCHEDULE D ALTARUM INSTITUTE ADOPTED THE PROVISIONS OF ASC 740 (FKA FIN 48) FOR THE FISCAL YEAR ENDED DECEMBER 31, 2007, AS REQUIRED. ALTARUM INSTITUTE'S SHARE OF THE CONSOLIDATED FINANCIAL STATEMENT PROVISION FOR ASC 740 (FKA FIN 48) FOR THE FISCAL YEAR ENDED DECEMBER 31, 2021 WAS ZERO. NORTH AMERICA 0 2 PROGRAM SERVICES SCIENTIFIC RESEARCH 49901 0 2 0 0 0 2 49901 0 49901 0 0 0 0 0 0 PART III ACCOUNTING METHOD: X X X X X 1 1 0 0 0 0 0 0 0 LINCOLN SMITH SENIOR VICE PRESIDENT 552667 0 630141 0 -2477 0 16219 0 24532 0 1221082 0 630141 0 MICHAEL MONSON PRESIDENT AND CEO 256250 0 0 0 109167 0 14000 0 0 0 379417 0 0 0 DANIEL ARMIJO END 53121 FORMER SVP & COO 168333 0 137563 0 159479 0 553779 0 11766 0 1030920 0 137563 0 DAVID ROBERTSON SVP & CFO 273667 0 153400 0 -6613 0 14501 0 26832 0 461787 0 153400 0 MALESA LITTERAL SVP & CHRO 254667 0 58087 0 -2816 0 14500 0 21097 0 345535 0 58087 0 LAURA SANKEY SVP & COS 74000 0 0 0 70749 0 7150 0 9314 0 161213 0 0 0 TRACY LAWYER ASST. SECRETARY 192000 0 70974 0 11691 0 51643 0 8393 0 334701 0 82079 0 STEVEN TOWELL CORPORATE DIRECTOR/ FORMER 168833 0 64081 0 5685 0 41142 0 25899 0 305640 0 73843 0 TARA FOWLER VICE PRESIDENT 185292 0 36885 0 15342 0 55407 0 965 0 293891 0 49372 0 RICHARD KELLER VICE PRESIDENT 189175 0 45505 0 1538 0 86939 0 28027 0 351184 0 52962 0 ANYA DAY POLJANAC VICE PRESIDENT 158488 0 32887 0 -3159 0 41463 0 23126 0 252805 0 32887 0 DAVID BANKS CORPORATE DIRECTOR 203333 0 35726 0 -2050 0 76081 0 10564 0 323654 0 35726 0 RAENA AKIN-DEKO END 81321 VICE PRESIDENT 87413 0 0 0 117855 0 5016 0 3004 0 213288 0 0 0 LISA TOMPKINS-BROWN END 62521 VICE PRESIDENT 61119 0 0 0 141875 0 3685 0 461 0 207140 0 0 0 SCHEDULE J, PART I, LINE 4A SEVERANCE PAYMENT ALTARUM INSTITUTE ISSUED THE FOLLOWING SEVERANCE PAYMENT IN 2021 AS A RESULT OF TERMINATION OF EMPLOYMENT: DANIEL ARMIJO $131,204.40 BRADFORD BOOTH $37,538.46 RAENA AKIN-DEKO $105,000.00 LISA TOMPKINS-BROWN $115,000.00 SCHEDULE J, PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN ALTARUM INSTITUTE ADMINISTERS A SUPPLEMENTAL NONQUALIFIED IRC SECTION 457(F) PLAN FOR ITS SENIOR EXECUTIVES AND ANOTHER SUCH PLAN FOR MIDDLE MANAGEMENT. THESE IRC SECTION 457(F) PLANS PROVIDE SPECIFIC TIME DEFERRALS OF INCENTIVE COMPENSATION FOR THESE EMPLOYEES. THE FOLLOWING INDIVIDUALS DEFERRED THE LISTED AMOUNTS OF 2021 INCENTIVE COMPENSATION UNDER THE PLANS IN WHICH THEY QUALIFIED: LINCOLN SMITH $0.00 MICHAEL MONSON $0.00 DANIEL ARMIJO $0.00 DAVID ROBERTSON $0.00 MALESA LITTERAL $0.00 LAURA SANKEY $0.00 TRACY LAWYER $30,000.00 STEVE TOWELL $28,000.00 TARA FOWLER $41,250.00 RICK KELLER $68,750.00 ANYA DAY POLJANAC $25,000.00 DAVID BANKS $53,000.00 RAENA AKIN-DEKO $0.00 LISA TOMPKINS-BROWN $0.00 FORM 990, PART VI, SECTION B, LINE 11B PROCESS USED TO REVIEW THE FORM 990 1. IRS FORM 990 IS PREPARED EXTERNALLY BY ALTARUM'S TAX ACCOUNTING FIRM. THE PROCESS IS MANAGED BY THE OFFICE OF THE CHIEF FINANCIAL OFFICER. WITH APPROPRIATE GUIDANCE FROM THE TAX ACCOUNTANTS, INFORMATION GATHERING, AND REPORTING IS PRIMARILY CONDUCTED BY THE CHIEF FINANCIAL OFFICER AND DIRECTOR OF FINANCIAL REPORTING. AS PART OF THE INFORMATION GATHERING PROCESS, THE CHIEF FINANCIAL OFFICER AND DIRECTOR OF FINANCIAL REPORTING WORK WITH ALTARUM INSTITUTE OFFICERS AND OTHER MANAGERS AS NECESSARY. 2. THE CHIEF FINANCIAL OFFICER PRESENTS THE COMPLETED DRAFT FORM 990 TO THE FINANCE AND AUDIT COMMITTEE OF THE ALTARUM INSTITUTE BOARD OF TRUSTEES. THIS COMMITTEE HAS BEEN DESIGNATED BY THE BOARD TO REVIEW THE FORM 990 TO EITHER RECOMMEND TO THE BOARD FOR APPROVAL AS WRITTEN OR MAKE SUGGESTED MODIFICATIONS, DRAWING UPON OTHER INDIVIDUAL TRUSTEES IT DEEMS NECESSARY. 3. ONCE REVIEWED AND READY FOR BOARD REVIEW, THE COMMITTEE PRESENTS THE FORM 990 TO EACH INDIVIDUAL TRUSTEE FOR REVIEW. 4. ONCE REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES FOR SUBMISSION, THE CHIEF FINANCIAL OFFICER IS NOTIFIED THAT THE FORM IS READY FOR SUBMISSION TO THE IRS. 5. THE CHIEF FINANCIAL OFFICER INSTRUCTS THE EXTERNAL TAX ACCOUNTANTS TO FINALIZE THE IRS FORM 990 AND PRESENT IT FOR SIGNATURE AND FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND ENFORCEMENT OF COMPLIANCE WITH CONFLICT OF INTEREST POLICY ANNUALLY, EACH MEMBER OF THE BOARD OF TRUSTEES AND EVERY EXECUTIVE MUST COMPLETE AND SUBMIT A DISCLOSURE FORM TO THE ASSISTANT SECRETARY (AND GENERAL COUNSEL). INCLUDED IN THE DISCLOSURE FORM IS ANY EMPLOYMENT, BOARD MEMBERSHIP, COMPENSATORY ARRANGEMENTS, MATERIAL INTERESTS, ETC. WITH OTHER ENTITIES. THE ASSISTANT SECRETARY INPUTS ALL OF THE INFORMATION INTO A DATABASE SO THAT MATERIAL TRANSACTIONS CAN BE CHECKED AGAINST ALL OF THE DATA PROVIDED IN THE DISCLOSURE FORMS. ALSO, PURSUANT TO POLICY, THE BOARD MEMBERS AND EXECUTIVES HAVE TO DISCLOSE ANY INTERESTS IN OR RELATIONSHIP WITH AN ENTITY THAT ALTARUM IS PURSUING A TRANSACTION WITH (AT THE TIME OF THE BOARD MEMBER OR EXECUTIVE BECOMING AWARE OF THE POTENTIAL ALTARUM RELATIONSHIP). UPON THE IDENTIFICATION OF A POTENTIAL CONFLICT OF INTEREST, THE INTERESTED PERSON MUST DISCLOSE ALL MATERIAL FACTS, AND THE DISINTERESTED BOARD MEMBERS (IN THE ABSENCE OF THE INTERESTED PERSON) DISCUSS AND VOTE UPON WHETHER OR NOT AN ACTUAL CONFLICT OF INTEREST EXISTS. IF A CONFLICT OF INTEREST EXISTS, THEN ALTERNATIVE TRANSACTIONS OR ARRANGEMENTS WILL BE SOUGHT OUT AND CONSIDERED. IF NO ALTERNATIVE TRANSACTION IS SUITABLE, THE DISINTERESTED MEMBERS OF THE BOARD DETERMINE WHETHER OR NOT THE CONFLICTED TRANSACTION IS IN ALTARUM'S BEST INTERESTS AND DETERMINE IF THE TERMS OF THE TRANSACTION ARE FAIR AND REASONABLE, WITHOUT THE PARTICIPATION OR VOTE BY THE PARTY INVOLVED IN THE CONFLICT OF INTEREST. UPON A CONFLICT OF INTEREST OCCURRING THAT WAS NOT DISCLOSED, THE INTERESTED PERSON MUST EXPLAIN THE FAILURE TO DISCLOSE THE ALLEGED CONFLICT. AFTER CONSIDERING THE EXPLANATION AND CONDUCTING ANY NECESSARY FURTHER INVESTIGATION, THE BOARD WILL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION THE BOARD OF TRUSTEES MET IN THE FIRST QUARTER FOR THE PURPOSE OF REVIEWING, DETERMINING AND ENDORSING COMPENSATION FOR THE NON-PRESIDENT AND CEO EXECUTIVES OF ALTARUM INSTITUTE, ALL IN CONSULTATION WITH AN INDEPENDENT COMPENSATION CONSULTANT (AND THE PRESIDENT AND CEO). THE BOARD EVALUATED THE REASONABLENESS OF THE AMOUNT AND CONFORMITY WITH ALTARUM INSTITUTE POLICIES AND PRIOR APPROVALS. REVIEW OF PRIOR YEAR TOTAL COMPENSATION ALSO OCCURED AT THE FIRST QUARTER MEETING. THE FOLLOWING INFORMATION IS CONSIDERED AS PART OF THE DETERMINATION OF COMPENSATION: 1. INDEPENDENT MARKET COMPENSATION DATA REPORT PREPARED BY INDEPENDENT COMPENSATION CONSULTANT. THE REPORT INCLUDES AND CONSIDERS DATA FROM: A. TAX-EXEMPT PEER INDUSTRY GROUP, COMPRISED OF 24 NON-PROFIT PEERS B. PUBLIC COMPANY PEER GROUP, COMPRISED OF 11 FOR PROFIT PEERS C. ECONOMIC RESEARCH INSTITUTE SURVEY D. PROFESSIONAL SERVICES SURVEY 2. REVIEW OF EMPLOYEE PERFORMANCE EVALUATION DATA SUMMARIZED BY THE PRESIDENT AND CEO, FOR ALL NON-PRESIDENT AND CEO EXECUTIVES FOR THE NON-PRESIDENT AND CEO EXECUTIVES, AFTER DISCUSSION, ALL MEMBERS OF THE BOARD VOTE ON THE COMPENSATION RECOMMENDED AND PRESENTED. IF THE BOARD DETERMINES THE COMPENSATION PACKAGES PRESENTED ARE REASONABLE AND IN CONFORMITY WITH ALTARUM INSTITUTE POLICIES, THEN THE BOARD ENDORSES THE RECOMMENDATIONS. FOR THE PRESIDENT AND CEO, THE SAME INFORMATION IS CONSIDERED BY THE BOARD OF TRUSTEES FOR DETERMINATION OF COMPENSATION AND IS DONE IN CONSULTATION WITH THE INDEPENDENT COMPENSATION CONSULTANT. THE BOARD REVIEWS AND EVALUATES THE PRESIDENT AND CEO'S PERFORMANCE AND DETERMINES AND APPROVES THE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 PROCESS FOR MAKING DOCUMENTS AVAILABLE TO THE PUBLIC: ALL AVAILABLE UPON REQUEST FORM 990, PART IX, LINE 11G SUBCONTRACT FEES: PROGRAM SERVICE EXPENSES 3,199,976. MANAGEMENT AND GENERAL EXPENSES 2,846,401. FUNDRAISING EXPENSES 162,649. TOTAL EXPENSES 6,209,026. CONSULTING: PROGRAM SERVICE EXPENSES 789,597. MANAGEMENT AND GENERAL EXPENSES 702,352. FUNDRAISING EXPENSES 40,134. TOTAL EXPENSES 1,532,083. WORK ORDER LABOR: PROGRAM SERVICE EXPENSES 3,521. MANAGEMENT AND GENERAL EXPENSES 3,132. FUNDRAISING EXPENSES 179. TOTAL EXPENSES 6,832. HONORARIA/ INCENTIVES: PROGRAM SERVICE EXPENSES 9,328. MANAGEMENT AND GENERAL EXPENSES 8,298. FUNDRAISING EXPENSES 474. TOTAL EXPENSES 18,100. FORM 990, PART XI, LINE 9: LOSS FROM SUBSIDIARIES -1,077,121. FORM 990, PART XII, LINE 3B REQUIRED AUDIT SINGLE AUDIT COMPLETED IN ACCORDANCE WITH UNIFORM GUIDANCE FEDERAL CONSULTING ASSET MANAGEMENT INC 3520 GREEN COURT SUITE 300 ANN ARBOR MI 48105 383609582 HOLDING CO. MI N/A C -1077121 12807133 1.00000 1 PALLADIAN PARTNERS INC 8484 GEORGIA AVENUE SUITE 400 SILVER SPRING MD 20910 521974660 HEALTH COMMUNICATION SERVICES MD FCAM C -1013444 13896302 1.00000 1 0 0 0 0 1 0 0 0 0 0 0 1 1 0 0 0 1 0 0 FEDERAL CONSULTING ASSET MANAGEMENT Q 45324 COST FEDERAL CONSULTING ASSET MANAGEMENT L 24692 COST PALLADIAN PARTNERS INC L 70423 COST PALLADIAN PARTNERS INC M 6833 COST PALLADIAN PARTNERS INC Q 4894721 COST FEDERAL CONSULTING ASSET MANAGEMENT E 3713993 COST PALLADIAN PARTNERS INC E 3713993 COST