CONVERGE INC (EIN 834473044) - 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

2019

Legal Domicile

Principal Officer

KATHRYN DANIELLE LAMPTON

Phone

6015002681

Tax Period

2024-01-01 to 2024-12-31

CONVERGE INC, founded in 2019, is a community nonprofit in the Health Care sector that reported $9.8M in total revenue in fiscal year 2024. Revenue surged 91% from the prior year, signaling strong growth momentum. Expenses of $8.5M left a modest 13% surplus.

Mission

THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO COLLABORATE WITH HEALTH CARE PROVIDERS, INSURANCE COMPANIES, AND COMMUNITY PARTNERS TO BUILD A HEALTH CENTER SYSTEM THAT PLACES PEOPLE AT THE CENTER OF FAMILY PLANNING CARE.

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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 $9,776,768

Program Service Revenue $18,578

Investment Income $0

Other Revenue $7,208

TOTAL REVENUE $9,802,554

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,468,093

Fundraising Expenses $169,693

Program Expenses $6,854,947

Other Expenses $6,078,854

TOTAL EXPENSES $8,546,947

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,802,554	$5,139,628	+0.9%
Expenses	$8,546,947	$5,397,291	+0.6%
Net Income	$1,255,607	$-257,663	-5.9%

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

Volunteers

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

$318,310

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMIE BARDWELL	DIRECTOR	40.00	Director	$152,088	$0	$152,088
LINDA DIXON JD	STAFF ATTORNEY	1.00	Director	$0	$0	$0
KARI WHITE MD	DIRECTOR/OB-GYN	1.00	Director	$0	$0	$0
KATHRYN DANIELLE LAMPTON	DIRECTOR	40.00	Director	$152,088	$0	$152,088
FLORENCE BAUER	TREASURER	1.00	Director	$0	$0	$0
LADARYL WATKINS	BOARD CHAIR	1.00	Director	$14,134	$0	$14,134
LESSA PHILLIPS MD	DIRECTOR	1.00	Director	$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	$9,802,554	$8,546,947	$3,641,541	$1,255,607
2023	$5,139,628	$5,397,291	$2,395,949	$-257,663
2022	$3,563,381	$3,143,204	$1,826,420	$420,177
2021	$713,028	$399,828	$851,395	$313,200
2020	$733,356	$215,972	$523,837	$517,384

CONVERGE INC