Overview
What is Altrua Ministries Inc?
Altrua Ministries Inc is a nonprofit organization based in Austin, Texas, with an address at 12117 Bee Cave Road, Building 1, Suite 100. Their mission revolves around facilitating the voluntary sharing of eligible medical needs among their members. Through a managed medical needs program, they encourage members to contribute to a communal escrow account to help cover various medical expenses. The organization, with a staff of ten, aims to make a positive impact on people's lives by pooling resources and fostering a sense of community and support.
Official website here: www.altruahealthshare.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating
Altrua Ministries Inc has received a two-star rating from Charity Navigator, indicating some challenges in its accountability and financial practices. With an overall score of 62%, areas such as the composition and independence of its board have been highlighted as weaknesses, as well as financial statement transparency which scored poorly. While the organization has policies in place for conflict of interest and document retention, the lack of a whistleblower policy raises concerns.
On a positive note, Altrua Ministries demonstrates a strong program expense ratio at 80.98%, suggesting that a significant portion of its funds is directed towards its programs. Additionally, the organization has effectively managed its material diversion of assets, receiving a perfect score in that area. This indicates a commitment to ensuring that resources are utilized appropriately within its mission.
However, the organization struggles with fundraising efficiency and working capital, scoring notably low in these areas. This could impact its ability to sustain and grow its programs over time. Overall, while Altrua Ministries has strengths in program spending and asset management, it needs to address governance and financial transparency issues to improve its rating and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Altrua Ministries Inc legitimate?
Altrua Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Altrua Ministries Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,049,928
Professional Fundraising Fees: $0
Other Salaries and Wages: $682,937
For more financial information, click here
Official website here: www.altruahealthshare.org
What is the mission statement of Altrua Ministries Inc?
Altrua Ministries Inc is dedicated to facilitating the voluntary sharing of medical needs among its members. The organization's primary mission is to provide a platform for individuals to support one another in managing eligible medical needs. Through an escrow account, members can exchange resources to help cover medical expenses. Altrua Ministries Inc serves as a bridge connecting individuals in need with those who can offer assistance, fostering a sense of community and mutual aid. By promoting this collaborative approach to healthcare, the organization aims to alleviate some of the financial burdens associated with medical care for its members.
Official website here: www.altruahealthshare.org
Who is the CEO of Altrua Ministries Inc?
Randy Sluder is the Chairman/ Ex of Altrua Ministries Inc.
Official website here: www.altruahealthshare.org
What is the revenue of Altrua Ministries Inc?
Altrua Ministries Inc's revenue in 2022 was $24,886,660.
Official website here: www.altruahealthshare.org
Who are the executives of Altrua Ministries Inc and what are their salaries?
The average compensation at Altrua Ministries Inc during 2022 was $273,286. There are 10 employees at Altrua Ministries Inc.
Here are 7 key members and their salaries:
- Compensation: $542,044
- Related: $0
- Other: $440,000
- Compensation: $390,077
- Related: $0
- Other: $0
- Compensation: $289,815
- Related: $0
- Other: $0
- Compensation: $180,592
- Related: $0
- Other: $0
- Compensation: $207,400
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.altruahealthshare.org
Where can I find the form 990 for Altrua Ministries Inc?
Altrua Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.altruahealthshare.org
Learn more at the official website: www.altruahealthshare.org
Mission Statement of Altrua Ministries Inc
Altrua Ministries Inc, a nonprofit organization, is dedicated to enabling its members to voluntarily share their eligible medical needs. This mission is geared towards building a supportive community where individuals can come together to help alleviate the financial burdens of medical expenses.
The organization functions through its escrow account, which manages the member-to-member sharing of medical needs. Altrua Ministries Inc facilitates this process, allowing members to extend a helping hand when someone in their network is facing significant medical expenses. By fostering this atmosphere of mutual assistance, the organization aims to foster a strong sense of community and solidarity among its members.
Altrua Ministries Inc's mission is simple yet profound. It empowers individuals to make a difference in each other's lives by providing a platform for the sharing of medical needs. By encouraging this voluntary exchange, the organization creates a culture of compassion and caring, allowing members to come together during challenging times and offer much-needed support. In doing so, Altrua Ministries Inc plays a vital role in promoting financial and emotional wellbeing within its network.
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Impact
October, 2024
Altrua Ministries Inc. plays a vital role in facilitating voluntary sharing of medical needs among its members. By managing the member-to-member sharing of eligible medical expenses through an escrow account, the organization ensures that individuals facing healthcare challenges can receive the financial support they need.
Based in Austin, Texas, Altrua Ministries fosters a community where members can come together to assist one another, promoting a spirit of shared responsibility and compassion. This collaborative approach not only addresses immediate medical needs but also strengthens the bonds within the community, highlighting the power of collective support in overcoming health-related financial burdens. Through its mission, Altrua Ministries Inc. impacts lives by providing a compassionate solution to managing healthcare costs, ultimately promoting well-being and resilience among its members.
This information is meant to be a general summary of Altrua Ministries Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $24,886,660
Assets and Liabilities:
- Total Assets: $7,686,666
- Total Liabilities: $3,253,535
- Net Assets: $4,433,131
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Organization Details
Founding Year
2011
Phone
(888) 244-3839Principal Officer
Randy Sluder
Main Address
12117 BEE CAVE ROAD BLDG 1 STE100, AUSTIN, TX, 78738
Website
www.altruahealthshare.orgNTEE Category
Code: X20 - Religion related
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