ALTAMONT PROGRAM INC

EIN: 141708881 501(c)(3)

SCHENECTADY, NY

Total Revenue
$5,922,618
Total Expenses
$6,082,794
Total Assets
$3,626,349
Net Assets
$-360,783
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
NY
Principal Officer
JENNIFER NEIFELD
Phone
5183772448
Tax Period
2023-01-01 to 2023-12-31

ALTAMONT PROGRAM INC, founded in 1988, is a community nonprofit that reported $5.9M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year.

Mission

ALTAMONT PROGRAM, INC. (ALTAMONT PROGRAM) WHICH OPERATES IN VARIOUS LOCATIONS IN NEW YORK STATE, WAS FORMED TO DEVELOP, COORDINATE, AND OPERATE EDUCATIONAL AND VOCATIONAL REHABILITATION PROGRAMS FOR PERSONS AFFLICTED WITH THE ILLNESS OF ALCOHOLISM AND ALCHOHOL ABUSE. THE EMPHASIS OF THE PROGRAM IS ON GAINFUL EMPLOYMENT IN THE CULINARY ARTS, HOTEL MANAGEMENT, AND THE BUILDING AND CONSTRUCTION TRADES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,628,197
Program Service Revenue $4,267,511
Investment Income $20,488
Other Revenue $6,422
TOTAL REVENUE $5,922,618

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,900,500
Fundraising Expenses $0
Program Expenses $5,301,884
Other Expenses $2,182,294
TOTAL EXPENSES $6,082,794

Year-over-Year Comparison

2023 2022 Change
Revenue $5,922,618 $7,016,927 -0.2%
Expenses $6,082,794 $5,836,966 +0.0%
Net Income $-160,176 $1,179,961 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
186
Volunteers
7

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$180,092
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN LUIBRAND PRESIDENT 1.00
Officer Director
$0 $0 $0
WILLIAM HENNESSEY VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
PETER NEWKIRK SECRETARY 1.00
Officer Director
$0 $0 $0
JIM MORRELL TREASURER 1.00
Officer Director
$0 $0 $0
JIM STONE BOARD MEMBER 1.00
Director
$0 $0 $0
PETER TAVARES BOARD MEMBER 1.00
Director
$0 $0 $0
ANN MARIE SANEESE BOARD MEMBER 1.00
Director
$0 $0 $0
KERRI BISHOP DIRECTOR OF FINANCE (START 20.00
Officer
$82,895 $4,800 $87,695
JENNIFER NEIFELD CEO 14.00
Officer
$0 $6,600 $92,397
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $5,922,618 $6,082,794 $3,626,349 $-160,176
2022 $7,016,927 $5,836,966 $4,276,098 $1,179,961
2021 $4,563,676 $4,791,559 $1,749,158 $-227,883
2020 $5,171,152 $4,928,324 $1,834,198 $242,828
2019 $4,299,472 $4,265,414 $1,643,039 $34,058
2018 $4,471,850 $4,398,042 $2,126,037 $73,808
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