ASSET INC (EIN 251742923) - Form 990 Financial Analysis & Trantor Score

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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

1994

Legal Domicile

Principal Officer

TED FRICK

Phone

4124817320

Tax Period

2024-07-01 to 2025-06-30

ASSET INC, founded in 1994, is a small nonprofit in the Education sector that reported $609K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $809K exceeded revenue, resulting in a 33% operating deficit.

Mission

ASSET INC, AN ACRONYM FOR ACHIEVING STUDENT SUCCESS THROUGH EXCELLENCE IN TEACHING, WAS FOUNDED BY INDUSTRY LEADERS AND COMMUNITY PARTNERS IN 1994 TO IMPROVE TEACHING AND LEARNING ACROSS SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH (STEM).THE ORGANIZATION PROVIDES EDUCATORS WITH RIGOROUS PROFESSIONAL LEARNING AND COACHING TO INCREASE STUDENT ACHIEVEMENT AND WORKFORCE READINESS ACROSS THE NATION.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $600,969

Program Service Revenue $4,805

Investment Income $3,045

Other Revenue $0

TOTAL REVENUE $608,819

Expense Breakdown

Grants Paid $0

Salaries & Benefits $543,233

Fundraising Expenses $62,402

Program Expenses $478,372

Other Expenses $265,429

TOTAL EXPENSES $808,662

Year-over-Year Comparison

	2024	2023	Change
Revenue	$608,819	$684,765	-0.1%
Expenses	$808,662	$737,624	+0.1%
Net Income	$-199,843	$-52,859	+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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

$129,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TED FRICK	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERTA RYAN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JASON MAXWELL	TREASURER	1.00	Officer Director	$0	$0	$0
LEIGH POGUE	SECRETARY	1.00	Officer Director	$0	$0	$0
JACK BURGMAN	DIRECTOR	1.00	Director	$0	$0	$0
TIM GOETZ	DIRECTOR	1.00	Director	$0	$0	$0
TIM KOTCH	DIRECTOR	1.00	Director	$0	$0	$0
JACKIE ZYRA	DIRECTOR	1.00	Director	$0	$0	$0
SARAH TOULOUSE	EXECUTIVE DI	30.00	Director	$129,000	$0	$129,000

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
2025	$608,819	$808,662	$241,914	$-199,843
2024	$684,765	$737,624	$397,246	$-52,859
2023	$596,012	$600,601	$435,821	$-4,589
2022	$813,540	$530,374	$417,665	$283,166
2021	$291,630	$552,543	$220,092	$-260,913
2020	$590,489	$1,182,858	$491,804	$-592,369
2020	$602,222	$1,182,858	$491,804	$-580,636
2019	$2,077,510	$2,490,971	$1,223,034	$-413,461
2018	$2,196,218	$2,593,419	$1,931,913	$-397,201

ASSET INC