ASSET SERVICES INC

EIN: 382719235

DETROIT, MI

Total Revenue
$31,800
Total Expenses
$17,426
Total Assets
N/A
Net Assets
N/A
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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
1989
Legal Domicile
MI
Principal Officer
SEAN DE FOUR
Phone
3138418905
Tax Period
2020-10-01 to 2021-03-31

ASSET SERVICES INC, founded in 1989, is a micro nonprofit that reported $32K in total revenue in fiscal year 2020. Revenue fell 50% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $14K, a strong 45% operating margin.

Mission

ASSET SERVICES LEASED FACILITIES AND EQUIPMENT AT 1700 WATERMAN, DETROIT, MI TO ITS AFFILIATE, SOUTHWEST COUNSELING SOLUTIONS.

Program Service Accomplishments

Program 1
Expenses: $17,426 Revenue: $31,800

ASSET SERVICES LEASED FACILITIES AND EQUIPMENT AT 1700 WATERMAN, DETROIT, MI TO ITS AFFILIATE, SOUTHWEST COUNSELING SOLUTIONS.ASSET SERVICES CEASED CONDUCTING PROGRAM SERVICES FOR THE YEAR ENDED...

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ASSET SERVICES LEASED FACILITIES AND EQUIPMENT AT 1700 WATERMAN, DETROIT, MI TO ITS AFFILIATE, SOUTHWEST COUNSELING SOLUTIONS.ASSET SERVICES CEASED CONDUCTING PROGRAM SERVICES FOR THE YEAR ENDED 03/31/2021 AS IT MERGED WITH SOUTHWEST COUNSELING SOLUTIONS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $31,800
Investment Income $0
Other Revenue $0
TOTAL REVENUE $31,800

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $17,426
Other Expenses $17,426
TOTAL EXPENSES $17,426

Year-over-Year Comparison

2020 2019 Change
Revenue $31,800 $63,600 -0.5%
Expenses $17,426 $43,493 -0.6%
Net Income $14,374 $20,107 -0.3%
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
3
Independent Members
1
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
$544,973
Total Directors
4
$544,973
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH M TASSE INTERIM PRESIDENT/CEO (THROUGH 03/2021) 1.00
Officer Director
$0 $0 $309,600
MICHELLE SHERMAN TREASURER 1.00
Officer Director
$0 $14,195 $235,373
BRAD CRITCHFIELD CHAIR 1.00
Officer Director
$0 $0 $0
SEAN DE FOUR PRESIDENT/CEO (EFF. 03/2021) 1.00
Officer Director
$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
2021 $31,800 $17,426 No data $14,374
2020 $63,600 $43,493 $363,926 $20,107
2019 No data $2,570 $403,492 No data
2018 $90,000 $106,129 $399,551 $-16,129
2017 $158,478 $110,817 $412,777 $47,661
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