FOUNDATION OF THE PROFESSIONAL CONVENTION MANAGEMENT ASSOCIATION

EIN: 529999947 501(c)(3) Education

CHICAGO, IL

Total Revenue
$2,456,541
Total Expenses
$2,448,969
Total Assets
$7,175,357
Net Assets
$5,082,278
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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
1985
Legal Domicile
DC
Principal Officer
SHERRIF KARAMAT CAE
Phone
3124237262
Tax Period
2023-01-01 to 2023-12-31

FOUNDATION OF THE PROFESSIONAL CONVENTION MANAGEMENT ASSOCIATION, founded in 1985, is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2023. Revenue surged 133% from the prior year, signaling strong growth momentum. Net assets of $5.1M represent 25 months of operating reserves.

Mission

RESEARCH AND EDUCATION FOR THE BUSINESS EVENTS INDUSTRY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,054,374
Program Service Revenue $0
Investment Income $485,667
Other Revenue $-83,500
TOTAL REVENUE $2,456,541

Expense Breakdown

Grants Paid $706,085
Salaries & Benefits $0
Fundraising Expenses $23,779
Program Expenses $1,376,046
Other Expenses $1,742,884
TOTAL EXPENSES $2,448,969

Year-over-Year Comparison

2023 2022 Change
Revenue $2,456,541 $1,053,824 +1.3%
Expenses $2,448,969 $1,164,678 +1.1%
Net Income $7,572 $-110,854 -1.1%
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

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Governance

Voting Members
19
Independent Members
19
Employees
N/A
Volunteers
115

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
6
$1,153,714
Total Directors
20
$861,800
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DESIREE KNIGHT CHAIR 2.00
Officer Director
$0 $0 $0
LEONARD HOOPS CHAIR-ELECT 2.00
Officer Director
$0 $0 $0
NEIL BROWNLEE SECRETARY-TREASURER 2.00
Officer Director
$0 $0 $0
CHARLES STARKS IMMEDIATE PAST CHAIR 2.00
Officer Director
$0 $0 $0
GREGG CAREN DIRECTOR 2.00
Director
$0 $0 $0
DR AMANDA CECIL DIRECTOR 2.00
Director
$0 $0 $0
SHAMEKA JENNINGS DIRECTOR 2.00
Director
$0 $0 $0
BRIAN LANDERS DIRECTOR 2.00
Director
$0 $0 $0
LAUREN PARR DIRECTOR 2.00
Director
$0 $0 $0
STEPHEN ROSE DIRECTOR 2.00
Director
$0 $0 $0
KATHLEEN WARDEN DIRECTOR 2.00
Director
$0 $0 $0
COLLEEN BISCONTI DIRECTOR 2.00
Director
$0 $0 $0
FERNANDO FONDEVILA DIRECTOR 2.00
Director
$0 $0 $0
VEEMAL GUNGADIN DIRECTOR 2.00
Director
$0 $0 $0
GLADYS O'MAHONY DIRECTOR 2.00
Director
$0 $0 $0
PETER O'NEIL DIRECTOR 2.00
Director
$0 $0 $0
ANNALISA PONCHIA BACCARA DIRECTOR 2.00
Director
$0 $0 $0
CHANTAL STURK-NADEAU DIRECTOR 2.00
Director
$0 $0 $0
PANOS TZIVANIDIS DIRECTOR 2.00
Director
$0 $0 $0
SHERRIF KARAMAT PRESIDENT & CEO 8.00
Officer Director
$0 $32,352 $861,800
MEREDITH ROLLINS CHIEF COMMUNITY OFFICER 20.00
Officer
$0 $35,781 $291,914
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 $2,456,541 $2,448,969 $7,175,357 $7,572
2022 $1,053,824 $1,164,678 $8,536,458 $-110,854
2021 $1,028,651 $934,821 $9,084,713 $93,830
2020 $479,504 $1,806,769 $7,991,442 $-1,327,265
2019 $2,152,350 $2,029,493 $7,359,647 $122,857
2018 $1,677,200 $1,773,070 $6,502,800 $-95,870
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