Philadelphia Chapter of the Turnaround Management Association
Public records raise at least one point you should look into before giving.
What it says it does
TO SERVE AS A PROFESSIONAL COMMUNITY OF CORPORATE RENEWAL AND TURNAROUND MANAGEMENT PROFESSIONALS BY PROVIDING EDUCATION, NETWORKING, AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES. TO SERVE AS A FORUM IN THE GREATER DELAWARE VALLEY AREA FOR CONVENING TURNAROUND PROFESSIONALS FROM ALL DISCIPLINES TO NETWORK, EXCHANGE INFORMATION, IDEAS, AND KNOWLEDGE ON THE TURNAROUND AND INSOLVENCY INDUSTRY. TO PROMOTE THE HIGHEST STANDARDS OF PRACTICE AND TO IMPROVE THE METHODOLOGIES IN THE TURNAROUND AND INSOLVENCY INDUSTRY. TO FOSTER PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR MEMBERS, ENHANCING THE NECESSARY COMPETENCIES FOR SUCCESSFUL PRACTICE. TO SERVE AS A CLEARINGHOUSE OF INFORMATION AND RESEARCH PERTINENT TO THE TURNAROUND AND INSOLVENCY INDUSTRY. TO PROMOTE THE IMAGE OF THE TURNAROUND MANAGEMENT ASSOCIATION INTERNATIONAL, THE CHAPTER, AND MEMBERS AND PROFESSIONALS COMMITTED TO THE HIGHEST STANDARDS OF PRACTICE.
- Income
- $351,315
- Spending
- $341,983
- Employees
- 0
- Volunteers
- 30
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- THE PHILADELPHIA CHAPTER OF TMA HOLDS MONTHLY AND QUARTERLY EVENTS TO PROVIDE MEMBERS AND GUESTS WITH THE OPPORTUNITY TO NETWORK AND OBTAIN CURRENT INFORMATION CONCERNING THE CORPORATE RENEWAL AND TURNAROUND MANAGEMENT INDUSTRY.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(6) business league.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Worth knowing.
Status was revoked on May 15, 2010 for not filing returns for three years, and reinstated on February 15, 2012.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(6) business league as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since September 2012.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.