Turnaround Management Association
Public records raise at least one point you should look into before giving.
What it says it does
THE ASSOCIATION PROVIDES EDUCATIONAL OPPORTUNITIES AND NETWORKING FORUMS TO EXCHANGE INFORMATION, IDEAS, AND KNOWLEDGE ABOUT CORPORATE RENEWAL AND THE TURNAROUND INDUSTRY.
- Income
- $5.4 million
- Spending
- $6.1 million
- Employees
- 21
- Volunteers
- 109
- Highest pay
- $479,603, chief executive officer
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 (3)
- THE ASSOCIATION PROMOTES THE MANY FACETS OF THE TURNAROUND INDUSTRY THROUGH PUBLIC FORUMS, TRADITIONAL COMMUNICATION PIECES AND WEB-BASED OFFERINGS, WHILE ALSO PROVIDING EDUCATIONAL AND NETWORKING OPPORTUNITIES THROUGH ITS PERIODICAL, JOURNAL OF CORPORATE RENEWAL AND OTHER MISCELLANEOUS PUBLICATIONS AND NEWSLETTERS. THESE VEHICLES PROVIDE THE OVERALL BRANDING OF THE INDUSTRY IN THE CORPORATE MARKETPLACE, THEREBY PROMOTING THE VARIOUS BUSINESSES THAT COMPRISE THE TURNAROUND INDUSTRY.
- THE ASSOCIATION HOLDS FIVE GLOBAL CONFERENCES ANNUALLY WHICH INCLUDE TMA ANNUAL MEETING, DISTRESSED INVESTING CONFERENCE, NETWORK OF WOMEN (NOW) GLOBAL CONFERENCE, NEXTGEN LEADERSHIP CONFERENCE AND TMA GLOBAL INTERNATIONAL SYMPOSIUM FOR EDUCATIONAL PROGRAMS TO IMPROVE METHODOLOGISTS IN TURNAROUND MANAGEMENT AND PROVIDE NETWORKING OPPORTUNITIES FOR ATTENDEES WHO REPRESENT THE MANY FACTS OF THE TURNAROUND INDUSTRY.
- THE ASSOCATION PROVIDES CERTIFICATION TO PROFESSIONALS IN THE TURNAROUND INDUSTRY. NATIONAL ON-LINE EDUCATION PROGRAMS ARE OFFERED, AND AN EXAMINATION PROGRAM IS IN PLACE FOR CERTIFICATION.
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? Passed.
Not on the IRS automatic revocation list.
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 1990.
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.