Asset Systems Inc
- Assets
- $104.3k
- Revenue
- $27.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, OR
- Founding
- 04/1990
- Data as of
- 12/2021
- EIN
- 93-0959411
Organization Overview
Asset Systems Inc is located in Portland, OR. The organization was established in 1990. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asset Systems Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Asset Systems Inc generated $27.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (62.5%) each year. All expenses for the organization totaled $252.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
COLLECTION SERVICES PROVIDED FOR COOPERATIVE HOSPITAL SERVICE ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTION SERVICE PROVIDED TO HOSPITALS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Jensen President | OfficerTrustee | 0 | $0 |
Gene Bacon President | OfficerTrustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Robert Friedman Legal-collection | 12/30/16 | $316,214 |
Davenport & Hasson Llp Legal-collection | 12/30/16 | $217,008 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $27,817 |
| Investment income | $7 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,824 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $107,484 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,323 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,220 |
| Travel | $204 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $19,702 |
| All other expenses | $7,249 |
| Total functional expenses | $252,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,266 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $91,012 |
| Total assets | $104,278 |
| Accounts payable and accrued expenses | $220,244 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $220,244 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,050 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$117,016 |
| Total liabilities and net assets/fund balances | $104,278 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Asset Systems Inc has recieved totaling $14,000.
| Awarding Organization | Amount |
|---|---|
Louis G Clarke And Elizabeth L Clarke Endowment Milwaukee, WI PURPOSE: GENERAL OPERATING | $14,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sutter Coast Hospital Sacramento, CA | $47,113,500 | $102,047,070 |
Northwest Medical Foundation Of Tillamook Tillamook, OR | $90,626,617 | $102,521,992 |
San Gorgonio Memorial Hospital Banning, CA | $13,082,135 | $71,265,024 |
Gritman Medical Center Inc Moscow, ID | $94,936,436 | $96,129,418 |
Goleta Valley Cottage Hospital Santa Barbara, CA | $218,776,897 | $113,157,156 |
Sunnyside Community Hospital Association Sunnyside, WA | $116,328,999 | $108,831,960 |
Adventist Health Delano Delano, CA | $197,667,914 | $87,398,117 |
Santiam Memorial Hospital Stayton, OR | $79,039,753 | $98,075,548 |
St Luke Medical Center Wood River Ltd Boise, ID | $124,219,389 | $95,869,183 |
Mark Twain Medical Center San Francisco, CA | $73,050,822 | $74,521,934 |
Samaritan North Lincoln Hospital Lincoln City, OR | $70,261,160 | $74,307,334 |
Methodist Hospital Plainview Texas Renton, WA | $77,628,690 | $63,396,227 |