Altamont Program Inc
Altamont Program Inc. shows inconsistent financial performance with frequent operating deficits and fluctuating asset levels.
EIN: 141708881 · Latham, NY · Updated: 2026-03-28
Is Altamont Program Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Altamont Program Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Altamont Program Inc
Altamont Program Inc (EIN: 141708881) is a nonprofit organization based in Latham, NY. The organization reported total revenue of $6.1M and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Altamont Program Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Altamont Program Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Altamont Program Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The consistent reporting of 0% officer compensation across all available filings is a strong indicator of financial prudence and a commitment to directing funds towards the mission rather than executive salaries, especially for an organization with annual revenues often exceeding $5 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Altamont Program Inc's IRS 990 filings:
- Frequent operating deficits (expenses exceeding revenue) in multiple years, including 2023, 2021, 2016, 2015, and 2014.
- Liabilities exceeding assets in several periods, such as 2023 and 2014, indicating potential solvency concerns.
- Significant fluctuations in revenue and assets over the past decade, suggesting financial instability or unpredictable funding.
Strengths
The following positive indicators were identified for Altamont Program Inc:
- Consistent reporting of 0% officer compensation, indicating a strong commitment to directing funds to the mission.
- Maintained significant revenue streams, often exceeding $5 million annually, demonstrating fundraising capacity.
- Long filing history (13 filings) indicates consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Altamont Program Inc
Is Altamont Program Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Altamont Program Inc (EIN: 141708881) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Altamont Program Inc spend its money?
Altamont Program Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Altamont Program Inc tax-deductible?
Altamont Program Inc is registered as a tax-exempt nonprofit (EIN: 141708881). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the cause of the frequent operating deficits?
The filings show that in multiple years, such as 2023, 2021, 2016, 2015, and 2014, expenses exceeded revenue. Understanding the specific drivers of these deficits (e.g., program expansion, unexpected costs, revenue shortfalls) is crucial for assessing financial stability.
How does Altamont Program Inc. manage its liabilities, which often exceed assets?
In several periods, including 2023 ($3,987,132 liabilities vs. $3,626,349 assets) and 2014 ($3,010,631 liabilities vs. $2,395,625 assets), liabilities surpassed assets. This raises questions about the organization's long-term solvency and financial risk management.
What is the nature of the 'Officer Comp=0%' reporting?
While positive for transparency, it's important to understand if this means officers are truly unpaid, compensated through other non-officer roles, or if the organization relies on volunteer leadership for its top positions, especially given its scale.
Filing History
IRS 990 filing history for Altamont Program Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Altamont Program Inc's revenue has declined by 52.3%, moving from $12.4M to $5.9M. Total assets increased by 5.9% over the same period, from $3.4M to $3.6M. Total functional expenses fell by 50%, from $12.2M to $6.1M. In its most recent filing year (2023), Altamont Program Inc reported a deficit of $160K, with expenses exceeding revenue. The organization holds $4.0M in liabilities against $3.6M in assets (debt-to-asset ratio: 109.9%), resulting in net assets of $-360,783.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $5.9M | $6.1M | $3.6M | $4.0M | — | — |
| 2022 | $7.0M | $5.8M | $4.3M | $2.9M | — | View 990 |
| 2021 | $4.6M | $4.8M | $1.7M | $1.6M | — | View 990 |
| 2020 | $5.2M | $4.9M | $1.8M | $1.5M | — | — |
| 2019 | $4.3M | $4.3M | $1.6M | $1.5M | — | View 990 |
| 2018 | $4.5M | $4.4M | $2.1M | $2.0M | — | View 990 |
| 2017 | $5.0M | $5.0M | $1.8M | $1.8M | — | View 990 |
| 2016 | $6.5M | $6.5M | $2.5M | $2.5M | — | View 990 |
| 2015 | $8.8M | $9.3M | $3.3M | $3.2M | — | View 990 |
| 2014 | $10.4M | $11.5M | $2.4M | $3.0M | — | View 990 |
| 2013 | $11.9M | $12.6M | $2.9M | $2.5M | — | View 990 |
| 2012 | $12.7M | $12.9M | $3.1M | $2.3M | — | View 990 |
| 2011 | $12.4M | $12.2M | $3.4M | $2.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.9M, expenses of $6.1M, and assets of $3.6M (revenue -15.6% year-over-year).
- 2022: Revenue of $7.0M, expenses of $5.8M, and assets of $4.3M (revenue +53.8% year-over-year).
- 2021: Revenue of $4.6M, expenses of $4.8M, and assets of $1.7M (revenue -11.7% year-over-year).
- 2020: Revenue of $5.2M, expenses of $4.9M, and assets of $1.8M (revenue +20.3% year-over-year).
- 2019: Revenue of $4.3M, expenses of $4.3M, and assets of $1.6M (revenue -3.9% year-over-year).
- 2018: Revenue of $4.5M, expenses of $4.4M, and assets of $2.1M (revenue -11.3% year-over-year).
- 2017: Revenue of $5.0M, expenses of $5.0M, and assets of $1.8M (revenue -22.4% year-over-year).
- 2016: Revenue of $6.5M, expenses of $6.5M, and assets of $2.5M (revenue -26.3% year-over-year).
- 2015: Revenue of $8.8M, expenses of $9.3M, and assets of $3.3M (revenue -15.6% year-over-year).
- 2014: Revenue of $10.4M, expenses of $11.5M, and assets of $2.4M (revenue -12.6% year-over-year).
- 2013: Revenue of $11.9M, expenses of $12.6M, and assets of $2.9M (revenue -6.3% year-over-year).
- 2012: Revenue of $12.7M, expenses of $12.9M, and assets of $3.1M (revenue +2.7% year-over-year).
- 2011: Revenue of $12.4M, expenses of $12.2M, and assets of $3.4M.
Data Sources and Methodology
This transparency report for Altamont Program Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.