The SETRAC Foundation

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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

2017

Legal Domicile

Principal Officer

David Persse MD

Phone

2818224450

Tax Period

2023-09-01 to 2024-08-31

The SETRAC Foundation, founded in 2017, is a micro nonprofit in the Health Care sector that reported $48K in total revenue in fiscal year 2023. Revenue fell 83% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $45K, a strong 95% operating margin.

Mission

The Foundation was organized in Texas in December 2017 for charitable and educational purposes. The Foundation recieved income tax exempt status within the meaning of Section 501(c)(3) of the Internal Revenue Code in September 2019, effective on the date of the Foundation's inception.

Program Service Accomplishments

Program 1

The SETRAC Foundation did not operate programs for the reporting year.

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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 $7,540

Program Service Revenue $0

Investment Income $40,363

Other Revenue $0

TOTAL REVENUE $47,903

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,594

TOTAL EXPENSES $2,594

Year-over-Year Comparison

	2023	2022	Change
Revenue	$47,903	$282,199	-0.8%
Expenses	$2,594	$3,810	-0.3%
Net Income	$45,309	$278,389	-0.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kenneth Mattox	Director	1.00	Director	$0	$0	$0
Fred Adams	Director	1.00	Director	$0	$0	$0
Sally Ray	Director	1.00	Director	$0	$0	$0
Tom Flanagan	Vice-Chairman	1.00	Officer	$0	$0	$0
Lon D Squyres	Secretary/Treas	1.00	Officer	$0	$0	$0
David Persse	Chairman	1.00	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
2025	No data	No data	No data	No data
2024	$47,903	$2,594	$1,373,793	$45,309
2023	$282,199	$3,810	$1,333,935	$278,389
2022	$1,003,838	$1,886	$1,051,942	$1,001,952