The Setrac Foundation

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EIN 82-4197811 Supporting organization Houston, TX NTEE E11
Form 990 (PDF)

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Revenue & expenses by yearFY2022–FY2024
Revenue
$51K
FY2024▲ +6%
Expenses
$3K
FY2024▲ +24%

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).


Raises funds and manages endowments to support regional emergency medical services. For fiscal year 2024 it reported $51K in revenue, $3K in expenses, and $1.4M in net assets.Pt I

Founded
2017
Type
Supporting organization · Health Care
Location
Houston, TX
Filings
3 on file (2022–2024)
Revenue
$51KFY2024
Expenses
$3K
Net assets
$1.4M
People
6
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Provided by the organization

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Size
<$100K
What they do
Raises funds and manages endowments to support regional emergency medical services.
Leadership
Kenneth Mattox · Director
Money in and out
$51K revenue, $3K expenses
Bottom line
+94% net inflow
Money in and out · FY2024
Total revenue
$51K
Pt VIII · Ln 12
Total expenses
$3K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $47K
Where spending went · Part IX cols B–D
Management & general $1.00
Net inflow
+94%
revenue over expenses, this year▼ -1% vs prior filing year
Pass-through gifts
7%
of revenue from contributions▼ -55% vs prior filing year
Program spending
0%
of expenses reach stated programs

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Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$1.4M
FY2024▲ +3%
Total liabilities
$0
FY2024
Revenue less expensesPt I · Ln 19$47K
Total assetsPt X · Ln 16$1.4M
Program-expense ratioPt IX · col B—
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CThe Setrac Foundation
EINHdr · item D82-4197811
Principal addressHdr · item CHouston, TX
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2017
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E11)
Ruling yearIRS BMFSep 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice-Chairman
$0Pt VII · Sec A
Secretary/Treas
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Setrac Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2024.
01

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

Pt IX · col B

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Statement of Revenue

Part VIII
Investment income$47K · 93%
Contributions & grants$4K · 7%
Investment income93%$47K
Contributions & grants7%$4K
Total revenueLn 12$51K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Management & general $1.00
Management & general100%$3K
Total functional expensesLn 25$3K

Balance Sheet

Part X · end of year
CashLn 1$1.4M
Total assetsLn 16$1.4M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.4M
Months of cash on handcomputed5281.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.4M · Operating expenses/yr $3K
5281.6 months
Where the money goes
Program services
Program services $0 · Total expenses $3K
0%
Management & General
Management & general $3K · Total expenses $3K
100%
Fundraising
Fundraising $0 · Total expenses $3K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $89K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $4K · Total revenue $51K
7%
Government reliance
Government grants — · Total revenue $51K
—
Earned-income share
Program service revenue $0 · Total revenue $51K
0%
Investment reliance
Investment income $47K · Total revenue $51K
+93%
Program self-sufficiency
Program service revenue $0 · Total expenses $3K
0%
Growth & trend
Revenue growth (YoY)
This year $51K · Prior year $48K
+6%
Net-asset trend (YoY)
End of year $1.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $51K · Expenses $3K
+94%
Liabilities-to-Assets
Total liabilities — · Total assets $1.4M
—
Net-asset ratio
Net assets $1.4M · Total assets $1.4M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.4M
0%
People & payroll
Highest Reported Total Compensation
Individual Kenneth Mattox · Reported title Director · Highest reported compensation $0 · Total expenses $3K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $3K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Overhead ratio 100%——
Revenue growth 6%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$48K revenue · ⤓ 990 PDF
FY2023$282K revenue · ⤓ 990 PDF
FY2022$1.0M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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