ASSET SYSTEMS INC

EIN: 930959411 501(c)(3)

PORTLAND, OR

Total Revenue
$769
Total Expenses
N/A
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
1987
Legal Domicile
OR
Principal Officer
MICHAEL G SCHINDLER
Phone
5032309522
Tax Period
2023-01-01 to 2023-12-31

ASSET SYSTEMS INC, founded in 1987, is a micro nonprofit that reported $769 in total revenue in fiscal year 2023. Revenue fell 89% from the prior year — a significant decline worth monitoring.

Mission

COLLECTION SERVICES PROVIDED FOR COOPERATIVE HOSPITAL SERVICE ORGANIZATION

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $4
Other Revenue $765
TOTAL REVENUE $769

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2023 2022 Change
Revenue $769 $7,290 -0.9%
Expenses N/A $110,354 -1.0%
Net Income N/A $-103,064 N/A
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
2
Independent Members
N/A
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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARAH JENSEN PRESIDENT 0.00
Officer Director
$0 $0 $0
GENE BACON PRESIDENT 0.00
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
2023 $769 No data No data No data
2022 $7,290 $110,354 $103,524 $-103,064
2021 $27,824 $252,829 $104,278 $-225,005
2020 $2,451,942 $2,542,955 $165,050 $-91,013
2019 $8,245,756 $7,828,241 $1,276,641 $417,515
2018 $7,517,773 $7,099,803 $1,455,262 $417,970
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