Altamont Program Inc
Nonprofit profile at a glance
- EIN
- 141708881
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Latham, NY, USA
- Phone
- 5183772448
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $6,114,143
- Expenses
- $6,049,325
- Assets
- $3,129,249
- Liabilities
- $3,423,454
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- KEVIN LUIBRAND (PRESIDENT)
- WILLIAM HENNESSEY (VICE PRESIDENT)
- JENNIFER NEIFELD (CEO)
Highest reported compensation
- KERRI BISHOP (DIRECTOR OF FINANCE (START): $101,665 total reported compensation
- JENNIFER NEIFELD (CEO): $100,447 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission consists of the following: to help individuals recover from the disease of alcohol and drug addiction. To help ease the transition from correctional facilities to community living, and assist the individual to confront and overcome the underlying problems that trigger and sustain substance abuse and other self-destructive behaviors. To end the cycle of incarceration and relapse, and assist the individual in successful and constructive reentry into society. In short, to create taxpayers.we create taxpayers by serving people who are afflicted with chemical dependencies; those who are homeless; and those unprepared to make a successful transition to the world of work and good citizenship, responsibility, and community reintegration.
What it reported doing in 2024
The organization has contracted with the New York state department of education and the albany county department of social services to provide on-the-job training to eligible individuals. Program participants are provided training in the culinary arts, housekeeping, and hotel management in conjunction with the industries program. From time to time, the organization initiates new programs on a trial basis, which, if successful, are developed into fully operational programs.
Operating model
- Revenue model
- Earned-program. 80% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 86
- Accountability: 91
- Sustainability: 33
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.7%; rating input score 85
- Program expense ratio: 85.6%; rating input score 86
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 7th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 1.1%; rating input score 38; 38th percentile among comparable filings
- Total-asset coverage ratio: 0.52; rating input score 18; 18th percentile among comparable filings
- Liabilities to assets ratio: 1.09; rating input score 4; 4th percentile among comparable filings
- Officer compensation ratio: 1.8%; rating input score 77; 77th percentile among comparable filings
Growth
- Program expense growth: -8.3% per year; rating input score 0; 3rd percentile among comparable filings
- Revenue growth: -7.2% per year; rating input score 0; 2nd percentile among comparable filings
- Asset growth: 0.4% per year; rating input score 100; 13th percentile among comparable filings
Details
- Where the money goes: 84.7% of revenue deployed · 85.6% of spending went to programs
- Governance: 8 of 8 board members independent · 7 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $5.2M in reported program spending
- Leadership: top reported pay $102K · 10 people listed
- Consistency: 26 of 27 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 4 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Sustainability: Operating margin scored 38/100.
- High — Sustainability: Total-asset coverage ratio scored 18/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 4/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.