Convergence Collaborative Inc

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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

2024

Legal Domicile

Phone

2025572869

Tax Period

2025-01-01 to 2025-12-31

Convergence Collaborative Inc, founded in 2024, is a small nonprofit in the Housing & Shelter sector that reported $980K in total revenue in fiscal year 2025. The organization ran a surplus of $749K, a strong 76% operating margin.

Mission

CONVERGENCE addresses the information trust market and resource gaps that hold back potential homebuyers. It utilizes a comprehensive toolbox of resources support and expertise to equip aspiring homebuyers with the necessary tools to achieve homeownership.

Program Service Accomplishments

Program 1

Expenses: $112,123 Revenue: $0

CONVERGENCE Philadelphias Homeownership Summit broadened dialogues on veterans housing community development and appraisal fairness. In collaboration with partners such as Temple University and the Urban League the organization facilitated educational programs for aspiring appraisers and organized informative sessions for residents in four diverse Philadelphia communities.

Program 2

Expenses: $37,123 Revenue: $0

CONVERGENCE Columbus and partners led the regions first Accessory Dwelling Unit ADU Convening forming teams to advance ADU development. They also organized the Bloom614 House Party to facilitate...

CONVERGENCE Columbus and partners led the regions first Accessory Dwelling Unit ADU Convening forming teams to advance ADU development. They also organized the Bloom614 House Party to facilitate housing discussions and launched the Bloom614 Home Inspection Series to simplify the inspection process for homebuyers.

Program 3

Expenses: $17,123 Revenue: $0

CONVERGENCE Memphis organized a Land Expo to address land access and housing for developers and a Home Expo to empower first-time homebuyers in Memphis. The organization also built 10...

CONVERGENCE Memphis organized a Land Expo to address land access and housing for developers and a Home Expo to empower first-time homebuyers in Memphis. The organization also built 10 energy-efficient homes through The Zodiac Road Project to offer affordable housing solutions and collaborated with the Memphis Area Association of REALTORS to provide a course on discrimination in housing for real estate professionals.

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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 (2025)

Revenue Breakdown

Contributions & Grants $976,500

Program Service Revenue $0

Investment Income $3,328

Other Revenue $0

TOTAL REVENUE $979,828

Expense Breakdown

Grants Paid $115,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $207,054

Other Expenses $115,554

TOTAL EXPENSES $230,554

Year-over-Year Comparison

	2025	2024	Change
Revenue	$979,828	N/A	N/A
Expenses	$230,554	N/A	N/A
Net Income	$749,274	$0	N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Briggs	Secretary	1.00	Officer	$0	$0	$0
Chuck Bishop	Board Director	1.00	Director	$0	$0	$0
Pete Carroll	Board Director	1.00	Director	$0	$0	$0
Wendell Charles	Board Director	1.00	Director	$0	$0	$0
Helen Devlin	Board Director	1.00	Director	$0	$0	$0
Michael Fratantoni	Board Director	1.00	Director	$0	$0	$0
Christopher Morton	Board Director	1.00	Director	$0	$0	$0
Pamela Perry	Board Director	1.00	Director	$0	$0	$0
Jay Plum	Chair	1.00	Officer Director	$0	$0	$0
Ryan Rosales	Board Director	1.00	Director	$0	$0	$0
Deb Still	Board 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
2025	$979,828	$230,554	$1,250,531	$749,274