Civic Intelligence

Asset Systems Inc

990 • Fiscal year 2019 • EIN 93-0959411

Jan 01, 2019 to Dec 31, 2019 • Filed on May 04, 2020

Organization ProfileWWW.ASSETCOLLECT.COM
PO Box 14949Portland, OR 97293-0949

(503) 230-9522

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

83rd percentile

0.68x

Higher debt load relative to assets than 83% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

40th percentile

0.11x

Higher debt load relative to revenue than 40% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

57th percentile

5.1%

Higher net margin than 57% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

8th percentile

-12%

Faster asset growth than 8% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

64th percentile

9.7%

Faster revenue growth than 64% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Down

$1,276,641

Down $178,621 (-12%) from 2018

Net Assets

Down

$409,893

Down $73,302 (-15%) from 2018

Liabilities

Down

$866,748

Down $105,319 (-11%) from 2018

Revenue And Expenses
Liabilities / Revenue40th percentileNet Margin57th percentile

Revenue

Up

$8,245,756

Up $727,983 (+9.7%) from 2018

Expenses

Up

$7,828,241

Up $728,438 (+10%) from 2018

Net Income

Down

$417,515

Down $455 (-0.1%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $2,037,277Liabilities 2011: $1,493,489Net Assets 2011: $543,7882011Assets 2012: $2,273,048Liabilities 2012: $1,888,855Net Assets 2012: $384,1932012Assets 2013: $2,056,960Liabilities 2013: $1,600,177Net Assets 2013: $456,7832013Assets 2014: $2,444,895Liabilities 2014: $1,769,301Net Assets 2014: $675,5942014Assets 2015: $2,815,295Liabilities 2015: $1,776,950Net Assets 2015: $1,038,3452015Assets 2016: $1,741,183Liabilities 2016: $1,123,787Net Assets 2016: $617,3962016Assets 2017: $1,263,481Liabilities 2017: $946,657Net Assets 2017: $316,8242017Assets 2018: $1,455,262Liabilities 2018: $972,067Net Assets 2018: $483,1952018Assets 2019: $1,276,641Liabilities 2019: $866,748Net Assets 2019: $409,8932019Assets 2020: $165,050Liabilities 2020: $56,011Net Assets 2020: $109,0392020Assets 2021: $104,278Liabilities 2021: $220,244Net Assets 2021: -$115,9662021Assets 2022: $103,524Liabilities 2022: $322,554Net Assets 2022: -$219,0302022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2019

Assets$1,276,641
Liabilities$866,748
Net Assets$409,893
Open 2019 Filing

Operations Trend

Revenue Growth64th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2011: $5,519,800Expenses 2011: $4,524,587Net Income 2011: $995,2132011Revenue 2012: $5,542,404Expenses 2012: $4,532,230Net Income 2012: $1,010,1742012Revenue 2013: $5,478,767Expenses 2013: $4,594,632Net Income 2013: $884,1352013Revenue 2014: $5,935,277Expenses 2014: $4,707,020Net Income 2014: $1,228,2572014Revenue 2015: $6,659,993Expenses 2015: $5,038,768Net Income 2015: $1,621,2252015Revenue 2016: $10,003,158Expenses 2016: $9,093,556Net Income 2016: $909,6022016Revenue 2017: $7,082,610Expenses 2017: $6,792,041Net Income 2017: $290,5692017Revenue 2018: $7,517,773Expenses 2018: $7,099,803Net Income 2018: $417,9702018Revenue 2019: $8,245,756Expenses 2019: $7,828,241Net Income 2019: $417,5152019Revenue 2020: $2,451,942Expenses 2020: $2,542,955Net Income 2020: -$91,0132020Revenue 2021: $27,824Expenses 2021: $252,829Net Income 2021: -$225,0052021Revenue 2022: $7,290Expenses 2022: $110,354Net Income 2022: -$103,0642022Revenue 2023: $769Expenses 2023: $0Net Income 2023: $7692023

Highlighted filing

2019

Revenue$8,245,756
Expenses$7,828,241
Net Income$417,515
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 4, 2020
Return Version
2019v5.1
Gross Receipts
$8,245,756
Mission and Program Overview

Mission

Collection services provided for cooperative hospital service organization

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,350,945$1,203,997▼ $146,948
Rtn Earn Endowment Incm Other Fnds$482,145$408,843▼ $73,302
Accounts Receivable$92,350$59,675▼ $32,675
Prepaid Expenses and Deferred Charges$11,967$12,969▲ $1,002
Cap Stk Tr Prin Current Funds$1,050$1,050→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$1,455,262$1,276,641▼ $178,621
Liabilities
Other Liabilities$445,907$469,272▲ $23,365
Accounts Payable and Accrued Expenses$526,160$397,476▼ $128,684
Total Liabilities$972,067$866,748▼ $105,319
Net Assets / Fund Balance
Total Net Assets Fund Balance$483,195$409,893▼ $73,302
Total Liabilities and Net Assets / Fund Balance$1,455,262$1,276,641▼ $178,621
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
Gene BaconPresident
Sarah JensenPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$8,244,710
Investment Income
$1,046
Other Revenue
$0
Change in Net Assets
$417,515
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,716,423
Salaries, Compensation, and Employee Benefits$1,111,818
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$964,091--$964,091
Fees for Services Legal$239,161$53,522-$292,683
All Other Expenses$127,576$9,682-$137,258
Other Expenses$131,498$300,000-$131,498
Occupancy-$128,210-$128,210
Office Expenses-$111,352-$111,352
Payroll Taxes$106,096--$106,096
Insurance$68,058--$68,058
Pension Plan Contributions$41,631--$41,631
Travel-$18,267-$18,267
Total Functional Expenses$7,207,208$621,033$0$7,828,241
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Collections Due to Client$469,272
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Management services are provided by asset recovery group, inc.”

Form 990, Part VI, Section A, Line 6

“Organization has members.”

Form 990, Part VI, Section A, Line 7A

“MEMBERS ELECT OFFICERS.”

Form 990, Part VI, Section B, Line 11B

“No review was or will be conducted.”

Form 990, Part VI, Section C, Line 19

“No documents are available to the public.”

Filing and Contact Details

Filer

Filer Name
Asset Systems Inc
EIN
93-0959411
Phone
5032309522
Address
PO BOX 14949, PORTLAND, OR 97293-0949

Signing Officer

Name
Michael G Schindler
Title
Director
Phone
5032309522
Signed
2020-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael G Schindler
Formed
1987
Legal Domicile
Or
Voting Board Members
2
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Williamson & Associates Llp
Address
4949 MEADOWS RD SUITE 375, LAKE OSWEGO, OR 97035
Preparer
Robert Williamson CPA
Phone
5033035000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Patronage dividends paid -490,817.”

Raw XML Appendix315 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivitiesConductedPrtshpInd00
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IRS990/AllOtherExpensesGrp/TotalAmt0137258
IRS990/BackupWthldComplianceInd01
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IRS990/OtherExpensesGrp/Desc2ONLINE PMT PROCESSING F
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IRS990/PartialLiquidationInd00
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IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/Desc2INEREST FROM COLLECTIO
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT SERVICES ARE PROVIDED BY ASSET RECOVERY GROUP, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZATION HAS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS ELECT OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS ARE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PATRONAGE DIVIDENDS PAID -490,817.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
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ReturnHeader/BuildTS02020-09-23 17:36:50Z
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.252.24.205
ReturnHeader/FilingSecurityInformation/IPDt02020-05-04
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm017:28:43
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0931326075
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WILLIAMSON & ASSOCIATES LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04949 MEADOWS RD SUITE 375
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAKE OSWEGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OR
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ReturnHeader/PreparerPersonGrp/PhoneNum05033035000
ReturnHeader/PreparerPersonGrp/PreparationDt02020-05-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT WILLIAMSON CPA
ReturnHeader/ReturnTs02020-05-04T17:28:46-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,276,641
Liabilities
$866,748
Net assets
$409,893
Revenue
$8,245,756
Expenses
$7,828,241
Net income
$417,515
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.10$0.32$0.22$0.01$0.11$0.10
2021Detailed filing. Detailed filing data is available for this year.$0.10$0.22$0.12$0.03$0.25$0.23
2020Detailed filing. Detailed filing data is available for this year.$0.17$0.06$0.11$2.45$2.54$0.09
2019Detailed filing. Detailed filing data is available for this year.$1.28$0.87$0.41$8.25$7.83$0.42
2018Detailed filing. Detailed filing data is available for this year.$1.46$0.97$0.48$7.52$7.10$0.42
2017Detailed filing. Detailed filing data is available for this year.$1.26$0.95$0.32$7.08$6.79$0.29
2016Detailed filing. Detailed filing data is available for this year.$1.74$1.12$0.62$10.0$9.09$0.91
2015Summary only. Only limited summary data is available for this year.$2.82$1.78$1.04$6.66$5.04$1.62
2014Detailed filing. Detailed filing data is available for this year.$2.44$1.77$0.68$5.94$4.71$1.23
2013Detailed filing. Detailed filing data is available for this year.$2.06$1.60$0.46$5.48$4.59$0.88
2012Summary only. Only limited summary data is available for this year.$2.27$1.89$0.38$5.54$4.53$1.01
2011Summary only. Only limited summary data is available for this year.$2.04$1.49$0.54$5.52$4.52$1.00