ASSE INTERNATIONAL INC (EIN 953034133) - 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

1976

Legal Domicile

Principal Officer

WILLIAM GUSTAFSON

Phone

9494944100

Tax Period

2023-09-01 to 2024-08-31

ASSE INTERNATIONAL INC, founded in 1976, is a mid-sized nonprofit in the International Affairs sector that reported $10.3M in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $13.4M exceeded revenue, resulting in a 30% operating deficit.

Mission

PART I, LINE 1 - "ENGAGE IN CHARITABLE AND EDUCATIONAL ACTIVITIES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, OR THE CORRESPONDING PROVISIONS OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW (THE "CODE"), THAT CONTRIBUTE TO INTERNATIONAL UNDERSTANDING BY PROVIDING STUDENTS FROM VARIOUS COUNTRIES WITH THE OPPORTUNITY TO IMPROVE THEIR KNOWLEDGE OF FOREIGN CULTURES AND LANGUAGES THROUGH ACTIVE PARTICIPATION IN FAMILY, SCHOOL AND COMMUNITY LIFE IN COUNTRIES OR REGIONS OTHER THAN THEIR OWN." PART III, LINE 1 - "ENGAGE IN CHARITABLE AND EDUCATIONAL ACTIVITIES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, OR THE CORRESPONDING PROVISIONS OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW (THE "CODE"), THAT CONTRIBUTE TO INTERNATIONAL UNDERSTANDING BY PROVIDING STUDENTS FROM VARIOUS COUNTRIES WITH THE OPPORTUNITY TO IMPROVE THEIR KNOWLEDGE OF FOREIGN CULTURES AND LANGUAGES THROUGH ACTIVE PARTICIPATION IN FAM

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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 $3,096,210

Program Service Revenue $6,799,280

Investment Income $427,560

Other Revenue $0

TOTAL REVENUE $10,323,050

Expense Breakdown

Grants Paid $2,359,360

Salaries & Benefits $3,277,710

Fundraising Expenses $0

Program Expenses $12,223,030

Other Expenses $7,796,430

TOTAL EXPENSES $13,433,500

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,323,050	$14,981,520	-0.3%
Expenses	$13,433,500	$15,615,380	-0.1%
Net Income	$-3,110,450	$-633,860	+3.9%

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

Volunteers

540

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

$1,787,900

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM GUSTAFSON	PRESIDENT AN	16.00	Officer	$187,980	$59,980	$529,920
DIANE MATHUNY	CHIEF FINANC	19.00	Officer	$198,350	$73,710	$495,740
FEI JIANG	EXECUTIVE VI	0.00	Officer	$0	$57,750	$383,790
HOLLY HAWTHORNE	EXECUTIVE DI	40.00	Highest	$233,040	$53,550	$286,590
BODIL DENCKER	EXECUTIVE VI	22.00	Officer	$121,640	$49,300	$270,450
SAPHIA LESCH	PROGRAM DIRE	40.00	Highest	$131,540	$56,500	$188,040
ELENA IANNOTTI	PROGRAM DIRE	40.00	Highest	$122,160	$52,660	$174,820
SASIPORN KAEWWILAI	PAYROLL&EMPL	21.00	Highest	$58,360	$53,070	$163,180
MARIE-NOELLE MONAGHAN	SENIOR ACCOU	36.00	Highest	$111,730	$37,500	$161,640
CELIA PARKER	EXECUTIVE VI	10.00	Officer	$108,000	$0	$108,000
PHILIPPE KOHN	CHAIR OF BOA	1.00	Officer Director	$0	$0	$0
SUSAN NOWAKOWSKI BACHELOT	VICE CHAIR	0.10	Officer Director	$0	$0	$0
ANN-KATRIN LINDGREN	SECRETARY	0.20	Officer Director	$0	$0	$0
PATRICIA HASSELBLAD	DIRECTOR	N/A	Director	$0	$0	$0
SUZANNE PENTEK	DIRECTOR	N/A	Director	$0	$0	$0
SUSAN HAYES	EXECUTIVE VI	N/A	Officer	$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	$10,323,050	$13,433,500	$8,467,460	$-3,110,450
2022	$17,448,840	$17,006,500	$15,433,750	$442,340
2021	$11,394,150	$9,536,510	$13,307,680	$1,857,640
2020	$8,045,330	$9,007,350	$9,084,160	$-962,020
2019	$15,303,190	$14,753,480	$12,489,700	$549,710
2018	$15,371,940	$15,134,700	$11,936,030	$237,240

ASSE INTERNATIONAL INC