ALTACAIR FOUNDATIONS

EIN: 933696589 501(c)(3) Health Care

Edinburg, TX

Total Revenue
$156,015
Total Expenses
$52,636
Total Assets
$118,496
Net Assets
$118,496
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
TX
Principal Officer
RASHMI CHANDRAN
Tax Period
2024-01-01 to 2024-12-31

ALTACAIR FOUNDATIONS, founded in 2023, is a small nonprofit in the Health Care sector that reported $156K in total revenue in fiscal year 2024. The organization ran a surplus of $103K, a strong 66% operating margin.

Mission

To facilitate collaboration in meeting the basic healthcare needs of the underserved and unserved population.

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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 (2024)

Revenue Breakdown

Contributions & Grants $156,015
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $156,015

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $52,636
Other Expenses $52,636
TOTAL EXPENSES $52,636

Year-over-Year Comparison

2024 2023 Change
Revenue $156,015 N/A N/A
Expenses $52,636 N/A N/A
Net Income $103,379 N/A N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
N/A

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
5
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RASHMI CHANDRAN DIRECTOR 0.00
Officer Director
$0 $0 $0
NORMA PIMENTEL DIRECTOR 0.00
Officer Director
$0 $0 $0
MANN VELA DIRECTOR 0.00
Officer Director
$0 $0 $0
TODD MANN DIRECTOR 0.00
Officer Director
$0 $0 $0
EDWIN ESTEVEZ DIRECTOR 0.00
Officer
$0 $0 $0
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 $156,015 $52,636 $118,496 $103,379
2023 $17,100 $1,983 $15,117 $15,117
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