ASANPEE CARE INC

EIN: 113750431 501(c)(3) Human Services

Westland, MI

Total Revenue
$777,091
Total Expenses
$807,553
Total Assets
$4,280
Net Assets
$-204,710
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
MI
Principal Officer
Princess kennedy
Phone
7349562107
Tax Period
2024-01-01 to 2024-12-31

ASANPEE CARE INC, founded in 2005, is a small nonprofit in the Human Services sector that reported $777K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year.

Mission

To operate a 24hr residential facility caring for adults with mental illness and or physical retardation, homelessness.

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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 $0
Program Service Revenue $777,091
Investment Income $0
Other Revenue $0
TOTAL REVENUE $777,091

Expense Breakdown

Grants Paid $0
Salaries & Benefits $395,339
Fundraising Expenses $0
Program Expenses $637,547
Other Expenses $412,214
TOTAL EXPENSES $807,553

Year-over-Year Comparison

2024 2023 Change
Revenue $777,091 $892,764 -0.1%
Expenses $807,553 $995,090 -0.2%
Net Income $-30,462 $-102,326 -0.7%
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
4
Independent Members
4
Employees
15
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
4
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Finber Felix Treasurer 0.00
Officer Director
$0 $0 $0
Michael Savola Director 0.00
Officer Director
$0 $0 $0
Francess Felix Secretary 0.00
Officer Director
$0 $0 $0
Princess kennedy President 40.00
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 $777,091 $807,553 $4,280 $-30,462
2023 $892,764 $995,090 $18,801 $-102,326
2022 $1,014,096 $1,060,776 $73,498 $-46,680
2021 $888,567 $918,973 $70,604 $-30,406
2020 $716,653 $802,782 $53,946 $-86,129
2019 $489,406 $536,679 $91,293 $-47,273
2018 $445,541 $468,516 $138,566 $-22,975
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