CONVERGENCE EVENTS

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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

2011

Legal Domicile

Principal Officer

THOMAS KEELEY

Phone

6122342845

Tax Period

2023-01-01 to 2023-12-31

CONVERGENCE EVENTS, founded in 2011, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $451K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $81K, a strong 18% operating margin.

Mission

A NON-PROFIT, VOLUNTEER-RUN ORGANIZATION DEDICATED TO CREATING EXCITING EVENTS THAT CONNECT, ENRICH AND EXPAND OUR DIVERSE COMMUNITY, AND TO INSPIRING EACH OTHER THROUGH CREATIVITY, LEARNING, AND SERVICE.

Program Service Accomplishments

Program 1

Expenses: $304,460 Revenue: $53,252

CREATED EVENTS TO CONNECT, ENRICH AND EXPAND OUR DIVERSE COMMUNITY, AND TO INSPIRING EACH OTHER THROUGH CREATIVITY, LEARNING, AND SERVICE.OUR PREMIER ACTIVITY IS CONVERGENCE, AN ANNUAL SCIENCE...

CREATED EVENTS TO CONNECT, ENRICH AND EXPAND OUR DIVERSE COMMUNITY, AND TO INSPIRING EACH OTHER THROUGH CREATIVITY, LEARNING, AND SERVICE.OUR PREMIER ACTIVITY IS CONVERGENCE, AN ANNUAL SCIENCE FICTION AND FANTASY CONVENTION IN THE TWIN CITIES.

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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 $387,390

Program Service Revenue $53,252

Investment Income $1,260

Other Revenue $9,054

TOTAL REVENUE $450,956

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $304,460

Other Expenses $370,425

TOTAL EXPENSES $370,425

Year-over-Year Comparison

	2023	2022	Change
Revenue	$450,956	$350,893	+0.3%
Expenses	$370,425	$450,570	-0.2%
Net Income	$80,531	$-99,677	-1.8%

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

Employees

N/A

Volunteers

1000

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
CHARMAINE PARNELL	DIRECTOR	5.00	Director	$0	$0	$0
ERIC KNIGHT	SECRETARY	5.00	Officer Director	$0	$0	$0
WILLIAM CUNNINGHAM	DIRECTOR	5.00	Director	$0	$0	$0
CJ MANTEL	PRESIDENT	5.00	Officer Director	$0	$0	$0
TIM WICK	DIRECTOR	5.00	Director	$0	$0	$0
LUIS BELTAN	TREASURER	5.00	Officer Director	$0	$0	$0
THOMAS KEELEY	CHIEF FINANCIAL OFFICER	5.00	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	No data	No data	No data	No data
2023	$450,956	$370,425	$166,487	$80,531
2022	$350,893	$450,570	$83,559	$-99,677
2021	$238,846	$312,971	$176,805	$-74,125
2020	$189,668	$85,277	$261,240	$104,391
2019	$490,735	$524,767	$163,602	$-34,032
2018	$474,184	$498,168	$187,211	$-23,984