AASE HAUGEN PROPERTIES INC (EIN 421464662) - 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

1996

Legal Domicile

Principal Officer

SAM BOEKE

Phone

5633823603

Tax Period

2023-01-01 to 2023-12-31

AASE HAUGEN PROPERTIES INC, founded in 1996, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

TO HOLD TITLE TO PROPERTY, COLLECT INCOME AND DISTRIBUTE THE ENTIRE AMOUNT NET OF EXPENESES TO OTHER EXEMPT ORGANIZATIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,267,638

Investment Income $129,625

Other Revenue $0

TOTAL REVENUE $1,397,263

Expense Breakdown

Grants Paid $0

Salaries & Benefits $244,672

Fundraising Expenses $0

Program Expenses $1,191,294

Other Expenses $1,191,403

TOTAL EXPENSES $1,436,075

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,397,263	$1,176,435	+0.2%
Expenses	$1,436,075	$1,144,575	+0.3%
Net Income	$-38,812	$31,860	-2.2%

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

$249,088

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAM BOEKE	EXECUTIVE DI	1.00	Officer	$0	$20,566	$249,088
WANDA ASKELSON	SECRETARY	1.00	Officer Director	$0	$0	$0
REV ROGER BUHR	DIRECTOR	1.00	Director	$0	$0	$0
JOHN DAMBEK	DIRECTOR	1.00	Director	$0	$0	$0
DEANA HAGEMAN	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA HANNA	DIRECTOR	1.00	Director	$0	$0	$0
STEVE LANGLAND	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARY PAYNE	DIRECTOR	1.00	Director	$0	$0	$0
HEIDI PECHOTA	DIRECTOR	1.00	Director	$0	$0	$0
HOLLY REILLY	DIRECTOR	1.00	Director	$0	$0	$0
JIM SIMS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JAMES ULRING	TREASURER	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
2024	No data	No data	No data	No data
2023	$1,397,263	$1,436,075	$12,986,343	$-38,812
2022	$1,176,435	$1,144,575	$11,594,004	$31,860
2021	$1,162,340	$1,156,456	$9,431,612	$5,884
2020	$1,068,179	$1,111,770	$9,227,733	$-43,591
2019	$1,058,803	$1,053,810	$8,830,138	$4,993
2018	$960,220	$861,609	$8,473,738	$98,611

AASE HAUGEN PROPERTIES INC