The SETRAC Foundation (EIN 824197811) - 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

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 is organized to support and benefit the SouthEast Texas Regional Advisory Council (SETRAC), a Texas nonprofit corporation, that is exempt as an organization described in Section 501(c)(3) of the Internal Revenue Code, and is a public charity described in Section 509(a)(1). This includes raising funds for the ultimate benefit of SETRAC, managing and investment of endowment funds of SETRAC, guaranty loans to SETRAC, and the establishment of spending or distribution policies regarding endowments.

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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
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

The SETRAC Foundation