Asanpee Care Inc

Asanpee Care Inc. faces persistent operating deficits and growing liabilities, raising sustainability concerns.

EIN: 113750431 · Westland, MI · NTEE: P73 · Updated: 2026-03-28

$777KRevenue

$4KAssets

45/100Mission Score (Fair)

P73

About Asanpee Care Inc

Asanpee Care Inc (EIN: 113750431) is a nonprofit organization based in Westland, MI, classified under NTEE code P73. The organization reported total revenue of $777K and total assets of $4K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Asanpee Care Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Asanpee Care Inc. demonstrates a concerning financial trend with consistent operating deficits in recent years. For example, in 2023, expenses exceeded revenue by over $100,000 ($995,090 vs. $892,764), and similar deficits were observed in 2022 and 2021. This sustained spending beyond income raises questions about long-term sustainability and financial planning. The organization's asset base is also very low relative to its annual revenue, with only $18,801 in assets against $892,764 in revenue in 2023, and a significant increase in liabilities to $193,049 in 2023, indicating potential cash flow issues or reliance on debt.

While the filings indicate 0% officer compensation, which suggests a focus on mission over executive pay, the overall financial health is weak. The lack of detailed expense breakdowns in the provided data makes it difficult to fully assess spending efficiency across programs, administration, and fundraising. However, the consistent deficits and growing liabilities are significant red flags for financial stability. Transparency regarding the specific allocation of expenses would be crucial for a more thorough evaluation.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Asanpee Care Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Asanpee Care Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% in all available filings, which is commendable and suggests that leadership is not drawing a salary from the organization's funds, aligning resources directly with the mission.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Asanpee Care Inc's IRS 990 filings:

Consistent operating deficits for multiple years (e.g., 2021-2023)
Significant and rapidly increasing liabilities ($0 in 2019 to $193,049 in 2023)
Very low asset base relative to annual revenue ($18,801 assets vs. $892,764 revenue in 2023)
Negative net assets/fund balances in recent years (implied by liabilities exceeding assets and consistent deficits)

Strengths

The following positive indicators were identified for Asanpee Care Inc:

Reported 0% officer compensation, indicating a commitment to direct mission spending.
Consistent revenue generation over several years, albeit often outpaced by expenses.

Frequently Asked Questions about Asanpee Care Inc

Is Asanpee Care Inc. financially sustainable given its consistent operating deficits?

The organization has reported expenses exceeding revenue for several consecutive years (e.g., $995,090 expenses vs. $892,764 revenue in 2023), leading to a negative net income. This trend, coupled with increasing liabilities, suggests potential long-term sustainability challenges.

What is the cause of the significant increase in liabilities from $0 in 2019 to $193,049 in 2023?

The rapid accumulation of liabilities, particularly the jump to $193,049 in 2023, is a significant concern and could indicate reliance on debt or unpaid obligations to cover operating costs, which is not sustainable.

How does Asanpee Care Inc. plan to address its low asset base relative to its annual revenue?

With assets of only $18,801 against annual revenue of $892,764 in 2023, the organization has very limited financial reserves, making it vulnerable to unexpected expenses or revenue shortfalls.

Filing History

IRS 990 filing history for Asanpee Care Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Asanpee Care Inc's revenue has grown by 74.4%, moving from $512K to $893K. Total assets decreased by 83.6% over the same period, from $114K to $19K. Total functional expenses rose by 122.3%, from $448K to $995K. In its most recent filing year (2023), Asanpee Care Inc reported a deficit of $102K, with expenses exceeding revenue. The organization holds $193K in liabilities against $19K in assets (debt-to-asset ratio: 1026.8%), resulting in net assets of $-174,248.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$893K	$995K	$19K	$193K	—	View 990
2022	$1.0M	$1.1M	$73K	$145K	—	—
2021	$889K	$919K	$71K	$96K	—	View 990
2020	$717K	$803K	$54K	$49K	—	View 990
2019	$489K	$537K	$91K	$0	—	View 990
2018	$446K	$469K	$139K	$0	—	View 990
2017	$421K	$412K	$162K	$0	—	View 990
2016	$434K	$446K	$153K	$0	—	View 990
2015	$460K	$483K	$165K	$0	—	View 990
2014	$496K	$441K	$188K	$0	—	View 990
2013	$386K	$370K	$134K	$0	—	View 990
2012	$468K	$340K	$118K	$0	—	View 990
2011	$512K	$448K	$114K	$109K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $893K, expenses of $995K, and assets of $19K (revenue -12.0% year-over-year).
2022: Revenue of $1.0M, expenses of $1.1M, and assets of $73K (revenue +14.1% year-over-year).
2021: Revenue of $889K, expenses of $919K, and assets of $71K (revenue +24.0% year-over-year).
2020: Revenue of $717K, expenses of $803K, and assets of $54K (revenue +46.4% year-over-year).
2019: Revenue of $489K, expenses of $537K, and assets of $91K (revenue +9.8% year-over-year).
2018: Revenue of $446K, expenses of $469K, and assets of $139K (revenue +5.8% year-over-year).
2017: Revenue of $421K, expenses of $412K, and assets of $162K (revenue -3.0% year-over-year).
2016: Revenue of $434K, expenses of $446K, and assets of $153K (revenue -5.6% year-over-year).
2015: Revenue of $460K, expenses of $483K, and assets of $165K (revenue -7.3% year-over-year).
2014: Revenue of $496K, expenses of $441K, and assets of $188K (revenue +28.5% year-over-year).
2013: Revenue of $386K, expenses of $370K, and assets of $134K (revenue -17.6% year-over-year).
2012: Revenue of $468K, expenses of $340K, and assets of $118K (revenue -8.5% year-over-year).
2011: Revenue of $512K, expenses of $448K, and assets of $114K.

Data Sources and Methodology

This transparency report for Asanpee Care Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.