HOFFMAN ESTATES, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CONVERGINT CARES FOUNDATION, founded in 2019, is a community nonprofit in the Public Safety sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 1456% from the prior year, signaling strong growth momentum.
THE FOUNDATION IS ORGANIZED TO PROVIDE SECURITY SERVICES FREE-OF-CHARGE TO CHARITABLE RECIPIENTS, INCLUDING UNDERPRIVILEDGED K-12 SCHOOLS AND THE NATIONAL PARK SERVICE
THE CONVERGINT CARES FOUNDATION IS WORKING WITH THE MEDAL OF HONOR MUSEUM FOUNDATION TO PROVIDE THE MEDAL OF HONOR MUSEUM IN ARLINGTON, TX, WITH A STATE-OF-THE-ART SECURITY SYSTEM.
THE CONVERGINT CARES FOUNDATION ESTABLISHED THE JAMES WILLIS SCHOLARSHIP TO ASSIST CHILDREN OF CONVERGINT COLLEAGUES WHO PLAN ON CONTINUING THEIR EDUCATION THROUGH 2/4-YEAR COLLEGE OR VOCATIONAL...
THE CONVERGINT CARES FOUNDATION ESTABLISHED THE JAMES WILLIS SCHOLARSHIP TO ASSIST CHILDREN OF CONVERGINT COLLEAGUES WHO PLAN ON CONTINUING THEIR EDUCATION THROUGH 2/4-YEAR COLLEGE OR VOCATIONAL SCHOOL PROGRAMS. THIS PROGRAM IS ADMINISTERED BY INTERNATIONAL SCHOLARSHIP AND TUITION SERVICES ISTS, A THIRD-PARTY DESIGNER AND MANAGER OF SCHOLARSHIP, TUITION ASSISTANCE, AND OTHER EDUCATIONAL SUPPORT PROGRAMS. AWARD RECIPIENTS ARE SELECTED BASED ON ACADEMIC RECORD, DEMONSTARTED LEADERSHIP AND PARTICIPATION IN SCHOOL AND COMMUNITY ACTIVITIES, WORK EXPERIENCE, CAREER AND EDUCATIONAL ASPIRATIONS AND GOALS, AND DEMONSTARTED FINANCIAL NEED. THE SELECTION OF AWARD RECIPIENTS SHALL BE MADE SOLELY BY ISTS AND IN NO INSTANCE WILL ANY COLLEAGUE OF CONVERGINT OR THE CONVERGINT CARES FOUNDATION PARTICIPATE IN THE SELECTION PROCESS.
THE CONVERGINT CARES FOUNDATION DONATED FUNDS TOWARDS THE SECURITY INDUSTRY ASSOCIATION'S RISE SCHOLARSHIP PROGRAM THROUGH THE FOUNDATION FOR ADVANCING SECURITY TALENT. THE RISE SCHOLARSHIP PROGRAM...
THE CONVERGINT CARES FOUNDATION DONATED FUNDS TOWARDS THE SECURITY INDUSTRY ASSOCIATION'S RISE SCHOLARSHIP PROGRAM THROUGH THE FOUNDATION FOR ADVANCING SECURITY TALENT. THE RISE SCHOLARSHIP PROGRAM SUPPORTS THE EDUCATION AND CAREER DEVELOPMENT OF SECURITY PREOFESSIONALS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,326,189 | $85,240 | +14.6% |
| Expenses | $1,293,808 | $69,792 | +17.5% |
| Net Income | $32,381 | $15,448 | +1.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KEN LOCHIATTO | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| SEAN FLINT | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| TOM FOSTER | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| TONY VARCO | President | 1.00 |
Officer
|
$0 | $0 | $0 |
| KATHRYN INGRAHAM | Vice President | 1.00 |
Officer
|
$0 | $0 | $0 |
| STEVE HELMS | Treasurer | 1.00 |
Officer
|
$0 | $0 | $0 |
| KATHERINE ZYCH | Secretary | 1.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,326,189 | $1,293,808 | $103,474 | $32,381 |
Compare CONVERGINT CARES FOUNDATION with other nonprofits in Illinois and across the country.