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Yankees’ Cam Schlittler starting All-Star Game would be fitting reward for his dominance

NY Post
1 month ago
With one outing left before the All-Star break, Cam Schlittler has put himself in a strong position to start for the American League.
Greg Joyce

LAPD halts crime-fighting license plate cameras amid argument over video rights

NY Post
1 month ago
The department is halting its ties with Flock Safety, which operates some of the LAPD’s network of license plate cameras, amid ongoing contract negotiations.
Ben Chapman

Juan Soto makes his Home Run Derby decision clear ahead of All-Star festivities

NY Post
1 month ago
Juan Soto will be in Philadelphia next week for the All-Star Game but said Friday he didn’t intend to participate in the Home Run Derby. 
Dan Martin

Is the Assassin's Creed Black Flag remake worth the 13 year wait?

BBC Tech
1 month ago
The BBC's Tom Gerken plays the much-anticipated pirate game which has been remade from the ground up.

Unions’ greed is destroying California — something’s got to change

NY Post
1 month ago
California’s governing class, and the state’s public unions, should take a page from the comic book that introduced Spider-Man in 1962:
CA Post Editorial Board

Dan Patrick calls out WNBA commissioner for skipping interview: ‘Did you check with PR?’

NY Post
1 month ago
There's some trouble in WNBA town. 
Collin Ward

Mark Vientos’ rough Mets season hits low point with long IL stint set to come: ‘Definitely sucks’

NY Post
1 month ago
Vientos was sidelined after being drilled by a pitch on Thursday against the Royals. 
Dan Martin

10 Raunchiest Moments From ‘Love Island USA’ Season 8

NY Post
1 month ago
The Islanders never fail to deliver some risqué content.
mliss1578

When Does The Next Season of ‘Dutton Ranch’ Come Out? Everything We Know About ‘Dutton Ranch’ Season 2?

NY Post
1 month ago
What is happening with Dutton Ranch Season 2?
mliss1578

The PAC behind Zo & his radicals, Ukraine’s lessons on war and other commentary

NY Post
1 month ago
American Priorities, a new super PAC is “behind the surge of radical leftist candidates” in New York, reports Tablet’s Liel Leibovitz.
Post Editorial Board

UAB softball coach fired after bombshell allegations of mental, physical abuse and racist remarks

NY Post
1 month ago
UAB softball coach Taylor Smartt has been fired after a third-party investigation, nearly two months after allegations of physical and mental abuse surfaced.  
Collin Ward

Knicks are in same ‘culture’ sweet spot of last two NBA dynasties

NY Post
1 month ago
The reality is “culture” cannot be spoken into existence. It requires two important components, both currently achieved by the Knicks.
Stefan Bondy

Gigi Hadid shares rare look at Bradley Cooper romance with sweet photos from their Parisian adventures

NY Post
1 month ago
Hadid and Cooper were first linked in 2023, when they were spotted stepping out for a dinner date in New York City.
mliss1578

Gigi Hadid shares rare look at Bradley Cooper romance with sweet photos from their Parisian adventures

NY Post
1 month ago
Hadid and Cooper were first linked in 2023, when they were spotted stepping out for a dinner date in New York City.
Audrey Rock

When Billion-Dollar Non-Profits Stop Looking Like Charities

Zero Rss
1 month ago
When Billion-Dollar Non-Profits Stop Looking Like Charities

Authored by Jeff Patch via RealClearMarkets,

AltaMed Health Services reported $1.72 billion in revenue in 2024, which is more than many publicly traded healthcare companies. Yet unlike a public corporation, the nonprofit entity answers to no shareholders, enjoys broad tax exemptions, and derives much of its revenue from taxpayer-supported healthcare programs.

AltaMed also reported $1.66 billion in assets and its revenues exceeded expenses by $68.4 million. It operates more than 70 clinics, employs roughly 5,000 people, and serves more than 700,000 patients throughout Southern California, making it one of the nation's largest federally qualified health center (FQHC) systems.

But AltaMed's extraordinary growth raises another question that extends far beyond Southern California: What happens when a nonprofit grows into a multibillion-dollar enterprise while retaining the governance structure of a traditional charity?

That question has become increasingly relevant as individual nonprofit hospital systems, universities, and other charitable organizations now control hundreds of billions of dollars in assets while benefiting from tax exemptions, government reimbursements, tax-deductible donations, and public financing. Their primary accountability mechanism is a board of directors charged with ensuring that charitable resources remain devoted to public benefit rather than private profits.

Since 2001, AltaMed has paid more than $32 million in compensation to its CEO, Castulo de la Rocha, his wife Zoila Escobar, and one of their sons - which is significantly higher than most of its peer FQHCs. For instance, the chief executives of Family Health Centers of San Diego, Family HealthCare Network, and Comprehensive Community Health Centers each earned substantially less than de la Rocha in 2024 despite overseeing similarly large healthcare organizations.

Following scrutiny of excessive executive pay more than a decade ago, AltaMed adopted a split-dollar life insurance loan program designed to help retain selected executives. The program has provided substantial loans to a small group of senior leaders to finance life insurance policies. Split-dollar arrangements are technically legal, although federal officials have cautioned that similar structures have been used improperly in certain tax-avoidance schemes.

Executive compensation is only one measure of nonprofit governance. Equally important is how charitable organizations deploy their resources and whether those expenditures advance the mission for which they receive tax-exempt status.

Over the past two decades, AltaMed has built one of the country's most prominent collections of Chicano and Latino art. It says the collection supports its "Art as a Holistic Approach to Healthcare" initiative, and that artwork displayed throughout its clinics creates a more welcoming and therapeutic environment for patients.

However, AltaMed's involvement in the arts extends far beyond decorating clinic walls - it owns a collection of approximately 4,000 works of Chicano, Mexican, and Latin American art, the value of which exceeds $6 million. It has spent as much as $2 million on art-related activities outside the United States in places like Mexico City, Rome, Berlin, and Madrid. More recently, it has supported plans for a Museum of Chicano and Mexican Art in downtown Los Angeles, spending at least $150,000 on lobbying related to the proposal.

The organization has unquestionably expanded access to healthcare for hundreds of thousands of Californians. But AltaMed's growing role as an arts patron raises legitimate questions about how closely those activities are connected to its charitable healthcare mission.

That is a challenge that extends well beyond AltaMed. Nonprofit executives regularly oversee budgets larger than many cities, yet they remain governed by rules and oversight mechanisms developed for a much smaller nonprofit sector.

Congress created the tax-exempt status because charitable organizations provide public benefits that markets alone may not deliver. That public trust depends on confidence that charitable assets are being used primarily to advance charitable purposes, and not the financial interests of insiders. As nonprofits continue to grow in both size and complexity, policymakers should ask whether the accountability standards governing billion-dollar charities have kept pace with the institutions they now oversee.

Jeff Patch is an Iowa-based writer focused on legal, regulatory and political challenges that impact businesses and markets. Patch is a former Des Moines Register correspondent and Politico staff writer.

Tyler Durden Fri, 07/10/2026 - 19:45
Tyler Durden

Two teams emerge as LeBron James front-runners as insider reveals one key factor

NY Post
1 month ago
LeBron James’ free agency may come down to something much simpler than cap math, roster gymnastics or the loudest recruiting pitch.
Ryan Anderson

Turkey Seeks Moscow Permission To Offload S-400s, Paving Way For US F-35 Deal

Zero Rss
1 month ago
Turkey Seeks Moscow Permission To Offload S-400s, Paving Way For US F-35 Deal

In a move that could break a years-long defense procurement deadlock with Washington, Turkey is finalizing the sale of its Russian S-400 air defense systems to Gulf states, potentially clearing the way for Ankara to buy US F-35 fighter jets, Turkish newspaper Hurriyet reports Friday.

For Ankara, offloading the Russian hardware resolves a years-long costly diplomatic and military bottleneck and controversy - a situation which dramatically improved after President Trump gave a clear greenlight during the annual NATO summit in Ankara this week.

But apparently it needs Moscow's formal permission before doing this, as Bloomberg reports, "Turkey is seeking Russia's consent to transfer air defense systems it bought from Moscow to a third country, an effort aimed at clearing the way for the purchase of US-made F-35 fighter jets."

via Reuters

"Ankara made the approach in recent weeks, just months after President Recep Tayyip Erdogan proposed returning the S-400 missile systems to Russia — an idea that gained little traction, said Turkish officials, who asked not to be identified because the discussions are private," the report continues.

When asked by reporters whether he would lift legal restrictions on the transfer of the stealth fighter jet to Turkey, Trump responded, "We have a better relationship with Turkey, and Turkey has been in many ways much more loyal than other countries that we think would be loyal. And certainly something we will consider - yeah."

By disposing of the Russian equipment, Ankara is resuming talks on F-35 fighter jets and securing supplies of critical engine components for its own KAAN combat aircraft program, Hurriyet wrote further.

"Hopefully, when the F-35s are delivered to Turkey, the whole world will say America kept its promise," Erdogan said at a Wednesday closing news conference for the NATO summit.

Dumping its Russian S-400s could allow Turkey's government to be released from US sanctions under the Countering America’s Adversaries Through Sanctions Act, or CAATSA.

However, this would have to get past Congress first. The law, adopted in 2017, requires the US government to impose strict economic and political restrictions primarily on Russia, Iran and North Korea. But Turkey was subsequently hit by these sanctions after purchasing S-400 air defense systems from Russia in a deal signed in September 2017, with deliveries having begun in July 2019.

The big fear over NATO-member Turkey having the S-400 systems and F-35s at the same time was that secret technology critical to the American fighter jet would be compromised. Possessing the S-400s requires Russian advisory guidance and know-how. 

Tyler Durden Fri, 07/10/2026 - 19:20
Tyler Durden

Boneheaded Bay Area burglar busted after snapping selfies during $100K heist

NY Post
1 month ago
Selfies taken by two Hayward men during a $100,000 commercial burglary led to their arrests, cops say.
Sheetal Banchariya

Greg Hawthorne, Steelers first-round pick and Super Bowl champ, dead at 69

NY Post
1 month ago
Former Steelers first-round draft choice Greg Hawthorne has died at the age of 69.
Collin Ward

Victor Wembanyama signs $252 million max rookie extension — but helps Spurs out in key way

NY Post
1 month ago
Victor Wembanyama is getting paid — but helping out his team in a big way.
Andrew Battifarano

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