Altair Aco
- Assets
- $305.6k
- Revenue
- $598.5k
- Investments
- $0.0
- Employees
- 0
- Location
- St Paul, MN
- Founding
- Data as of
- 12/2023
- EIN
- 87-3063996
Organization Overview
Altair Aco is located in St Paul, MN. According to its NTEE Classification (E92) the organization is classified as: Home Health Care, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Altair Aco is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Altair Aco generated $598.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $610.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ALTAIR ACO'S CHARITABLE MISSION IS ACCOMPLISHED WHEN ITS MEMBERS IMPROVE THEIR SERVICES TO PERSONS WITH DISABILITIES. ALTAIR ACO'S MEMBERS WORK TOGETHER TO CREATE NEW AND INNOVATIVE MODELS FOR SERVING PERSONS WITH DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BEGINNING WITH SIX ORGANIZATIONS FOCUSED ON PEOPLE WITH INTELLECTUAL AND/OR DEVELOPMENTAL DISABILITIES (I/DD), ALTAIR WAS INCORPORATED AS A NON-PROFIT WITH 14 MEMBERS IN JANUARY 2022. ALTAIR ACO REACHES 35% OF ALL INDIVIDUALS IN THE STATE ON WAIVERED SERVICES AND SUPPORTS OVER 20,000 INDIVIDUALS WITH DISABILITIES STATEWIDE IN MINNESOTA. IN ADDITION TO THE COMBINED 950 YEARS OF EXPERIENCE THAT ALTAIR MEMBERS HAVE SERVING PEOPLE WITH INTELLECTUAL AND/OR DEVELOPMENTAL DISABILITIES (I/DD), ALTAIR AS AN ENTITY HAS TEN YEARS OF EXPERIENCE INNOVATING NEW MODELS OF SERVICE TO HELP THE PEOPLE WE SERVE LIVE AS INDEPENDENTLY AS POSSIBLE.ALTAIR ALIGNS HEALTH AND SOCIAL SERVICES BY SERVING AS A COORDINATING MECHANISM RESPONSIBLE FOR MANAGING COLLABORATION ACROSS ORGANIZATIONS AND SERVICES FOR PEOPLE WITH DISABILITIES, CREATES QUALITY MEASUREMENT AND DATA-SHARING TOOLS TO TRACK OUTCOMES AND EXCHANGE INFORMATION, AND FINALLY IT INCORPORATES NEW PAYMENT AND FINANCING METHODS. THE STATE OF MN (DHS) SITS AT THE TABLE WITH ALTAIR AS WE DEVELOP VALUE-BASED MODELS THAT WILL BRING NEW REVENUES TO PROVIDERS AND ADVANTAGES FOR EXPANDING PERSON CENTERED DELIVERY SYSTEMS WITHIN THE NEW WAIVER REIMAGINE PROGRAMS. ALTAIR HAS EMBEDDED PHARMACY MTM PRACTICES INTO OUR BASELINE PRACTICES, NEGOTIATED PER MEMBER/PER MONTH CONTRACTS WITH HEALTH ENTITIES RESULTING IN PAYMENTS DIRECTLY TO OUR MEMBERS/PROVIDERS PROJECTED TO BE $2M IN 2023 AND $5M PROJECT TO DATE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Klauser CEO | OfficerTrustee | 40 | $0 |
John Estrem Chair | OfficerTrustee | 2 | $0 |
Karin Stockwell Vice Chair | OfficerTrustee | 2 | $0 |
Jason Wachtl Treasurer | OfficerTrustee | 2 | $0 |
Rita Wiersma Secretary | OfficerTrustee | 2 | $0 |
Sarah Keenan Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,000 |
| Total Program Service Revenue | $561,035 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $598,546 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $246,630 |
| Compensation of current officers, directors, key employees. | $86,320 |
| Compensation to disqualified persons | $126,144 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,352 |
| Payroll taxes | $0 |
| Fees for services: Management | $66,965 |
| Fees for services: Legal | $46,950 |
| Fees for services: Accounting | $8,365 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,698 |
| Advertising and promotion | $0 |
| Office expenses | $361 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,054 |
| Travel | $1,280 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,155 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,245 |
| All other expenses | $0 |
| Total functional expenses | $610,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $251,572 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,571 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $305,643 |
| Accounts payable and accrued expenses | $107,610 |
| Grants payable | $0 |
| Deferred revenue | $40,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $147,610 |
| Net assets without donor restrictions | $123,033 |
| Net assets with donor restrictions | $35,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $305,643 |