AMERICAN SOCIETY OF COST SEGREGATION PROFESSIONALS

EIN: 205833803 Community Improvement

WILMINGTON, NC

Total Revenue
$217,771
Total Expenses
$244,277
Total Assets
$165,627
Net Assets
$124,009
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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
2006
Legal Domicile
DE
Principal Officer
JOHN HANNING
Phone
2036717372
Tax Period
2024-01-01 to 2024-12-31

AMERICAN SOCIETY OF COST SEGREGATION PROFESSIONALS, founded in 2006, is a small nonprofit in the Community Improvement sector that reported $218K in total revenue in fiscal year 2024. Expenses of $244K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE ASCSP WAS CREATED TO ADDRESS THE GROWING NEED FOR CREDENTIALS, TECHNICAL STANDARDS, EDUCATION, AND A CODE OF ETHICS WITHIN THE COST SEGREGATION INDUSTRY.

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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 $114,315
Investment Income $1
Other Revenue $103,455
TOTAL REVENUE $217,771

Expense Breakdown

Grants Paid $0
Salaries & Benefits $36,405
Fundraising Expenses $0
Program Expenses $129,111
Other Expenses $207,872
TOTAL EXPENSES $244,277

Year-over-Year Comparison

2024 2023 Change
Revenue $217,771 $214,225 +0.0%
Expenses $244,277 $199,486 +0.2%
Net Income $-26,506 $14,739 -2.8%
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
N/A
Independent Members
N/A
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
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TRAVIS MLODZIK PAST PRESIDENT 1.00
Director
$0 $0 $0
WINSTON SHURTZ DIRECTOR 1.00
Director
$0 $0 $0
ERIC WEITZER DIRECTOR 1.00
Director
$0 $0 $0
GREG BRYANT DIRECTOR 1.00
Director
$0 $0 $0
RYAN VANDERVELDEN DIRECTOR 1.00
Director
$0 $0 $0
EDDIE PRICE PRESIDENT 3.00
Officer
$0 $0 $0
JOHN HANNING TREASURER 3.00
Officer
$0 $0 $0
DEREK WEAVER VICE-PRESIDENT 2.00
Officer
$0 $0 $0
MIKE CORNELL SECRETARY 2.00
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 $217,771 $244,277 $165,627 $-26,506
2023 $214,225 $199,486 $199,269 $14,739
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