Assets Inc

EIN: 920076696 501(c)(3) Employment

Anchorage, AK

Total Revenue
$14,504,489
Total Expenses
$15,465,397
Total Assets
$9,353,254
Net Assets
$7,994,031
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
AK
Principal Officer
Matthew Jones
Phone
9073348622
Tax Period
2024-07-01 to 2025-06-30

Assets Inc, founded in 1980, is a mid-sized nonprofit in the Employment sector that reported $14.5M in total revenue in fiscal year 2024.

Mission

Assets, Inc. (the Organization) is a not-for-profit corporation organized for the purpose of providing services that promote the independence of Anchorage area individuals who, due to the nature and severity of their disabilities, need support to live and work in the community. The company provides vocational training, supported living, and employment services conductive to this purpose, including assessment, community employment, and ongoing support services.

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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 $60,861
Program Service Revenue $13,628,795
Investment Income $357,366
Other Revenue $457,467
TOTAL REVENUE $14,504,489

Expense Breakdown

Grants Paid $0
Salaries & Benefits $12,705,133
Fundraising Expenses $0
Program Expenses $12,048,359
Other Expenses $2,760,264
TOTAL EXPENSES $15,465,397

Year-over-Year Comparison

2024 2023 Change
Revenue $14,504,489 $13,443,409 +0.1%
Expenses $15,465,397 $14,718,469 +0.1%
Net Income $-960,908 $-1,275,060 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
388
Volunteers
7

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
6
$382,896
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Matthew Jones CEO 40.00
Officer
$148,141 $0 $148,141
Chuck Almasy COO 40.00
Officer
$133,014 $0 $133,014
Martha J Romero Director of Behavi 40.00
$121,737 $0 $121,737
Amber Campbell Finance Dir 40.00
Officer
$101,741 $0 $101,741
Brenda Duty Chairman 2.00
Officer Director
$0 $0 $0
Wallace Jenkins Treasurer 2.00
Officer Director
$0 $0 $0
Lisa Pinkston Secretary 2.00
Officer Director
$0 $0 $0
Michael Ashmore Board Member 2.00
Director
$0 $0 $0
Kelley Clouser Board Member 2.00
Director
$0 $0 $0
Devon Rust Board Member 2.00
Director
$0 $0 $0
Krystal Blair Board Member 2.00
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
2025 $14,504,489 $15,465,397 $9,353,254 $-960,908
2024 No data No data No data No data
2024 $13,596,141 $14,896,262 $10,762,526 $-1,300,121
2023 $14,025,803 $13,835,202 $12,418,078 $190,601
2022 $14,279,627 $14,372,015 $12,175,098 $-92,388
2021 $16,116,632 $14,845,633 $18,256,017 $1,270,999
2020 $14,714,298 $15,992,996 $13,411,219 $-1,278,698
2019 $16,811,335 $15,675,145 $12,820,835 $1,136,190
2018 $15,836,970 $16,562,813 $13,782,686 $-725,843
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