Set Incorporated
Nonprofit profile at a glance
- EIN
- 386104869
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- East Lansing, MI, USA
- Phone
- 5174820871
- Rating confidence
- Limited
Reported finances
- Revenue
- $6,041,860
- Expenses
- $7,008,734
- Assets
- $26,655,140
- Liabilities
- $6,838,428
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- Nick Ceglarek (President)
- Peter Kudlak (Vice President)
- TIM AVERILL (EXECUTIVE DIRECTOR)
Highest reported compensation
- Nick Ceglarek (President): $1,500 total reported compensation
- Janice Holz (Director): $1,500 total reported compensation
- Scott Koziol (Director): $1,500 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Set seg is a nonprofit organization whose mission is to develop and deliver superior and personalized insurance services and programs to school districts in Michigan. Set seg is the expert at assessing, understanding and fulfilling the insurance needs of Michigan public schools. We safeguard the health and well-being of Michigan school employees by providing innovative and cost-effective employee benefit programs. The actions of set seg and its employees are grounded in the principles of honesty, integrity, consistency and equitability with the objective of building and maintaining long-term relationships.
What it reported doing in 2024
The organization administers, services, and promotes insurance for the benefits of employees of educational institutions within the state of Michigan.
Operating model
- Revenue model
- Other-operating. 92% of the money available for current operations came from other operating revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 100
- Accountability: 82
- Sustainability: 42
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -16%; rating input score 9; 9th percentile among comparable filings
- Total-asset coverage ratio: 3.8; rating input score 79; 79th percentile among comparable filings
- Liabilities to assets ratio: 0.26; rating input score 38; 38th percentile among comparable filings
- Officer compensation ratio: 0.1%; rating input score 82; 82nd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 3.4% per year; rating input score 100; 30th percentile among comparable filings
- Asset growth: 0.1% per year; rating input score 100; 13th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 7 of 7 board members independent · 5 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $2K · 9 people listed
- Highest-paid contractors: 1 contractor listed · $3.9M reported
- Consistency: 14 of 14 current checks pass
- Schedules: 3 filed schedules
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 4 of 9 not reported.
- High — Sustainability: Operating margin scored 9/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 38/100.