CONVERGENT RESEARCH INC (EIN 883013217) - 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

2022

Legal Domicile

Principal Officer

ANASTASIA GAMICK

Phone

3393315505

Tax Period

2024-01-01 to 2024-12-31

CONVERGENT RESEARCH INC, founded in 2022, is a mid-sized nonprofit in the Science & Technology sector that reported $72.4M in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $24.9M, a strong 34% operating margin.

Mission

THE ORGANIZATION IS A DELAWARE NON-PROFIT, NON-STOCK CORPORATION FORMED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES. IN FURTHERANCE OF SUCH PURPOSES, THE ORGANIZATION WILL FOSTER, SUPPORT, PROMOTE, AND CONDUCT PROGRAMS, PROJECTS, AND ACTIVITIES DESIGNED TO DEVELOP AND ACCELERATE SCIENTIFIC AND TECHNOLOGICAL RESEARCH AND INNOVATION IN THE PUBLIC INTEREST, INCLUDING, WITHOUT LIMITATION, THROUGH INCUBATING RESEARCH PROJECTS AND FACILITATING COLLABORATIONS TO BUILD ESSENTIAL RESEARCH TOOLS AND RESOURCES THAT CAN BE DEPLOYED BROADLY FOR THE PUBLIC BENEFIT.

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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 $70,596,116

Program Service Revenue $819,397

Investment Income $866,551

Other Revenue $144,844

TOTAL REVENUE $72,426,908

Expense Breakdown

Grants Paid $225,955

Salaries & Benefits $28,304,635

Fundraising Expenses $851,154

Program Expenses $43,595,494

Other Expenses $18,996,802

TOTAL EXPENSES $47,527,392

Year-over-Year Comparison

	2024	2023	Change
Revenue	$72,426,908	$100,177,078	-0.3%
Expenses	$47,527,392	$30,152,575	+0.6%
Net Income	$24,899,516	$70,024,503	-0.6%

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

164

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

$875,506

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM KALIL	CHAIR	1.00	Officer Director	$0	$0	$0
MEGAN BLEWETT	BOARD MEMBER	1.00	Director	$0	$0	$0
CHERYL MARTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
MORGAN LEVINE	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD MURRAY	BOARD MEMBER	1.00	Director	$0	$0	$0
ADAM MARBLESTONE	CHIEF EXECUTIVE OFFICER	40.00	Officer	$431,025	$55,316	$486,341
ANASTASIA GAMICK	CHIEF OPERATING OFFICER	40.00	Officer	$360,495	$28,670	$389,165
WILLIAM BIEDERMAN	CTO - FOREST NEUROTECH	40.00	Highest	$472,269	$52,311	$524,580
HENRY LEE	CEO - CULTIVARIUM	40.00	Highest	$342,180	$19,247	$361,427
WILLIAM BUSA	CEO - EVE BIO	40.00	Highest	$339,475	$43,590	$383,065
TYSON AFLALO	CSO - FOREST NEUROTECH	40.00	Highest	$330,062	$14,041	$344,103
DAVID LANSKY	GENERAL COUNSEL	40.00	Highest	$407,323	$35,205	$442,528

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	$72,426,908	$47,527,392	$108,005,415	$24,899,516
2023	$100,177,078	$30,152,575	$85,511,113	$70,024,503
2022	$11,258,027	$6,496,686	$9,047,793	$4,761,341

CONVERGENT RESEARCH INC