ASSET SERVICES INC (EIN 382719235) - 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

1989

Legal Domicile

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.

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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 (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

Governance

Voting Members

Independent Members

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

$544,973

Total Directors

$544,973

Key Employees

Highest Compensated

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

ASSET SERVICES INC