The Setma Foundation Inc

Nonprofit profile at a glance

EIN
261476476
IRS 990 coverage
2011–2018
Forms available
Form 990 2018
Location
Beaumont, TX, USA
Phone
4096546834
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Specifically Named Diseases

Reported finances

Revenue
$1,259
Expenses
$702,004
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • JAMES L HOLLY MD (PRESIDENT)

Highest reported compensation

  • JAMES L HOLLY MD (PRESIDENT): $5,694 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To operate exclusively for charitable and education purposes to provide and support diabetes education, awareness and prevention, and to provide support for persons who cannot afford needed medications, and to provide financial support for the education and training of persons in health and medical career fields, all within the parameters of internal revenue code section 501 (c) (3).

What it reported doing in 2018

Donation paid to lamar university foundation $110,000donation paid to mcneese foundation $110,000donation paid to southeast Texas community health clinic $125,032donation paid to ut health science center san antonio $300,000donation paid to baptist hospitals southeast Texas foundation $2,500to support and assist individuals who cannot afford to pay for their medical expenses such as pharmacy, dental, and labortory $43,653

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 93
  • Accountability: 63
  • Sustainability: 4
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 98.7%; rating input score 99
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 58th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 1 of 8 controls in place; rating input score 12
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -55,658.9%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0.8%; rating input score 21; 21st percentile among comparable filings

Growth

  • Program expense growth: 23.1% per year; rating input score 100; 87th percentile among comparable filings
  • Revenue growth: -48.4% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: -14.8% per year; rating input score 0; 13th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 98.7% of spending went to programs
  • Governance: 6 of 6 board members independent · 1 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $693K in reported program spending
  • Leadership: top reported pay $6K · 6 people listed
  • Consistency: 17 of 17 current checks pass
  • Schedules: 4 filed schedules · includes grants
  • Filing history: 8 filing years from 2011 to 2018
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: 5 filed related-organization links
  • 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.

  • High — Accountability: Governance controls: 6 of 7 not reported.
  • High — Sustainability: Operating margin scored 1/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 21/100.