SET INCORPORATED (EIN 386104869) - 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

1971

Legal Domicile

Principal Officer

AMY MANEVAL

Phone

5174820871

Tax Period

2023-02-01 to 2024-01-31

SET INCORPORATED, founded in 1971, is a community nonprofit that reported $5.7M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $7.8M exceeded revenue, resulting in a 35% operating deficit.

Mission

TO PROVIDE INSURANCE SERVICES FOR MEMBERS

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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 $0

Program Service Revenue $5,580,819

Investment Income $155,970

Other Revenue $0

TOTAL REVENUE $5,736,789

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $7,758,657

TOTAL EXPENSES $7,758,657

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,736,789	$4,571,427	+0.3%
Expenses	$7,758,657	$5,871,720	+0.3%
Net Income	$-2,021,868	$-1,300,293	+0.6%

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

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

$3,900

Total Directors

$9,900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANICE HOLZ	DIRECTOR	1.00	Director	$1,800	$0	$1,800
PETER KUDLAK	VICE PRESIDENT	1.00	Officer Director	$1,500	$0	$1,500
NICK CEGLAREK	PRESIDENT	1.00	Officer Director	$1,200	$0	$1,200
TINA KERR	DIRECTOR	1.00	Director	$1,200	$0	$1,200
DONALD WOTRUBA	SECRETARY/TREASURER	1.00	Officer Director	$1,200	$0	$1,200
SHARON IRVINE	DIRECTOR	1.00	Director	$1,500	$0	$1,500
SCOTT KOZIOL	DIRECTOR	1.00	Director	$1,500	$0	$1,500

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
2025	No data	No data	No data	No data
2024	$5,736,789	$7,758,657	$27,972,201	$-2,021,868
2023	$4,571,427	$5,871,720	$26,588,669	$-1,300,293
2022	$4,068,397	$5,694,137	$29,278,085	$-1,625,740
2021	$4,891,949	$5,934,548	$32,071,090	$-1,042,599
2020	$5,591,507	$5,983,024	$34,291,563	$-391,517
2019	$6,325,219	$4,842,860	$36,151,777	$1,482,359

SET INCORPORATED