Altra Foundation Inc
Altra Foundation Inc shows consistent asset growth and no reported officer compensation over a decade.
EIN: 202555956 · Onalaska, WI · NTEE: B82 · Updated: 2026-03-28
Is Altra Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Altra Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Altra Foundation Inc
Altra Foundation Inc (EIN: 202555956) is a nonprofit organization based in Onalaska, WI, classified under NTEE code B82. The organization reported total revenue of $118K and total assets of $386K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Altra Foundation 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 Altra Foundation Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Altra Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all ten filings, indicating that executive leadership is either entirely volunteer-based or compensated through non-officer roles, which significantly reduces administrative costs relative to the organization's size and revenue.
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.
Strengths
The following positive indicators were identified for Altra Foundation Inc:
- Consistent asset growth, from $101,853 in 2014 to $279,863 in 2023.
- Zero reported liabilities across all ten filing periods, indicating strong financial stability.
- 0% officer compensation reported in all filings, suggesting high efficiency and potentially volunteer leadership.
- Positive revenue-to-expense ratio in most years, leading to healthy surpluses and asset accumulation.
- Significant revenue increase in the latest period (2023) to $105,928 from $65,743 in 2022.
Frequently Asked Questions about Altra Foundation Inc
Is Altra Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Altra Foundation Inc (EIN: 202555956) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Altra Foundation Inc spend its money?
Altra Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Altra Foundation Inc tax-deductible?
Altra Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202555956). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Altra Foundation Inc a good charity?
Based on the available IRS 990 data, Altra Foundation Inc appears to be a well-managed and financially healthy organization. It demonstrates consistent asset growth, a strong revenue-to-expense ratio, and no reported officer compensation, all of which are positive indicators of efficiency and dedication to its mission.
How has Altra Foundation Inc's financial health changed over time?
Altra Foundation Inc has shown consistent financial improvement over the past decade. Its assets have nearly tripled from $101,853 in 2014 to $279,863 in 2023, and revenue has generally trended upwards, with a notable increase to $105,928 in 2023 from $49,718 in 2014.
What is Altra Foundation Inc's approach to executive compensation?
Altra Foundation Inc reports 0% officer compensation in all available filings, suggesting a commitment to minimizing administrative overhead by not compensating its officers directly through the reported channels, or relying on volunteer leadership.
Filing History
IRS 990 filing history for Altra Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Altra Foundation Inc's revenue has grown by 113.1%, moving from $50K to $106K. Total assets increased by 174.8% over the same period, from $102K to $280K. Total functional expenses rose by 58.1%, from $39K to $61K. In its most recent filing year (2023), Altra Foundation Inc reported a surplus of $45K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $106K | $61K | $280K | $0 | — | View 990 |
| 2022 | $66K | $60K | $228K | $0 | — | View 990 |
| 2021 | $52K | $53K | $222K | $0 | — | View 990 |
| 2020 | $49K | $46K | $222K | $0 | — | View 990 |
| 2019 | $53K | $28K | $218K | $0 | — | View 990 |
| 2018 | $49K | $39K | $194K | $0 | — | View 990 |
| 2017 | $55K | $34K | $184K | $0 | — | View 990 |
| 2016 | $63K | $26K | $163K | $0 | — | View 990 |
| 2015 | $54K | $29K | $126K | $0 | — | View 990 |
| 2014 | $50K | $39K | $102K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $106K, expenses of $61K, and assets of $280K (revenue +61.1% year-over-year).
- 2022: Revenue of $66K, expenses of $60K, and assets of $228K (revenue +25.2% year-over-year).
- 2021: Revenue of $52K, expenses of $53K, and assets of $222K (revenue +6.1% year-over-year).
- 2020: Revenue of $49K, expenses of $46K, and assets of $222K (revenue -5.9% year-over-year).
- 2019: Revenue of $53K, expenses of $28K, and assets of $218K (revenue +7.3% year-over-year).
- 2018: Revenue of $49K, expenses of $39K, and assets of $194K (revenue -11.2% year-over-year).
- 2017: Revenue of $55K, expenses of $34K, and assets of $184K (revenue -11.8% year-over-year).
- 2016: Revenue of $63K, expenses of $26K, and assets of $163K (revenue +16.4% year-over-year).
- 2015: Revenue of $54K, expenses of $29K, and assets of $126K (revenue +8.1% year-over-year).
- 2014: Revenue of $50K, expenses of $39K, and assets of $102K.
Data Sources and Methodology
This transparency report for Altra Foundation 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.