INDY CONVERGENCE INC (EIN 800253483) - Form 990 Financial Analysis & Trantor Score

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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

2009

Legal Domicile

Principal Officer

CAITLIN NEGRON

Phone

3177312146

Tax Period

2024-07-01 to 2025-06-30

INDY CONVERGENCE INC, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $383K in total revenue in fiscal year 2024. Revenue surged 104% from the prior year, signaling strong growth momentum. The organization ran a surplus of $88K, a strong 23% operating margin.

Mission

TO PROVIDE SPACE AND MATERIALS FOR ARTISTS AND THE COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $376,395

Program Service Revenue $3,200

Investment Income $0

Other Revenue $2,938

TOTAL REVENUE $382,533

Expense Breakdown

Grants Paid $0

Salaries & Benefits $159,906

Fundraising Expenses $0

Program Expenses $291,218

Other Expenses $134,512

TOTAL EXPENSES $294,418

Year-over-Year Comparison

	2024	2023	Change
Revenue	$382,533	$187,643	+1.0%
Expenses	$294,418	$160,536	+0.8%
Net Income	$88,115	$27,107	+2.3%

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

N/A

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

$109,494

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK KESLING	PRESIDENT	1.00	Officer Director	$0	$0	$0
CARI MORALES	BOARD MEMBER	2.00	Director	$0	$0	$0
GARY OPP	BOARD MEMBER	4.00	Director	$0	$0	$0
JESS CARR	EXECUTIVE ARTISIC DIRECTOR	35.00	Director	$42,723	$0	$42,723
ROBERT NEGRON	PRODUCING ARTISTIC DIRECTOR	35.00	Director	$45,710	$0	$45,710
CAILITIN NEGRON	MANAGING DIRECTOR	20.00	Director	$21,061	$0	$21,061

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
2025	$382,533	$294,418	$272,073	$88,115
2023	$187,607	$192,954	$165,519	$-5,347
2022	$256,620	$196,109	$180,622	$60,511

INDY CONVERGENCE INC