CONVERGENT IMPACT INC

EIN: 871395154 501(c)(3) Public & Societal Benefit

BOULDER, CO

Total Revenue
$1,845,546
Total Expenses
$70,964
Total Assets
$1,793,729
Net Assets
$1,788,729
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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
2021
Legal Domicile
DE
Principal Officer
Nathan Huttner
Phone
3035899408
Tax Period
2023-01-01 to 2023-12-31

CONVERGENT IMPACT INC, founded in 2021, is a community nonprofit in the Public & Societal Benefit sector that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 795% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 96% operating margin.

Mission

PROVIDE INCUBATION SERVICES FOR SOCIAL IMPACT INITIATIVES.

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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 $1,795,546
Program Service Revenue $50,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,845,546

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $57,550
Other Expenses $70,964
TOTAL EXPENSES $70,964

Year-over-Year Comparison

2023 2022 Change
Revenue $1,845,546 $206,116 +8.0%
Expenses $70,964 $191,969 -0.6%
Net Income $1,774,582 $14,147 +124.4%
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
3
Independent Members
3
Employees
N/A
Volunteers
4

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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NATHAN HUTTNER Board President 2.0
Officer Director
$0 $0 $0
BARBARA TURK DIRECTOR 2.0
Director
$0 $0 $0
ALEX ACREE DIRECTOR 2.0
Director
$0 $0 $0
JANICE REBHAN BOOKKEEPER 0.25
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 $1,845,546 $70,964 $1,793,729 $1,774,582
2022 $206,116 $191,969 $19,147 $14,147
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