Civic Intelligence

Turnaround Management Association

EIN 16-1563342 • 501(c)6 • Buffalo, NY

Profile

To serve as a forum for convening turnaround executives from all disciplines to exchange information, ideas and knowledge on the turnaround business, to promote high standards of practice and improved methodologies in turnaround management, to foster professional development opportunities for turnaround executives, enhancing the necessary compentencies for successful practice, to serve as a clearing house of information and research pertinent to the turnaround business, and promote the image of the association and turnaround executives as professionals committed to the highest standards of practice

C/O Culain Capital 1780 Wehrle DrBuffalo, NY 14221

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

49th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

51st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

25th percentile

-16%

Higher net margin than 25% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2024

Asset Growth

24th percentile

-25%

Faster asset growth than 24% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

33rd percentile

-12%

Faster revenue growth than 33% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$49,827

Down $16,331 (-25%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$49,827

Down $16,331 (-25%) from 2023

Revenue

Down

$116,091

Down $15,825 (-12%) from 2023

Expenses

Up

$135,214

Up $5,249 (+4.0%) from 2023

Net Income

Down

-$19,123

Down $21,074 (-1080%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100K$50K$0Assets 2017: $96,391Liabilities 2017: $0Net Assets 2017: $96,3912017Assets 2018: $82,756Liabilities 2018: $0Net Assets 2018: $82,7562018Assets 2019: $69,259Liabilities 2019: $0Net Assets 2019: $69,2592019Assets 2020: $81,192Liabilities 2020: $0Net Assets 2020: $81,1922020Assets 2021: $93,658Liabilities 2021: $0Net Assets 2021: $93,6582021Assets 2022: $64,207Liabilities 2022: $0Net Assets 2022: $64,2072022Assets 2023: $66,158Liabilities 2023: $0Net Assets 2023: $66,1582023Assets 2024: $49,827Liabilities 2024: $0Net Assets 2024: $49,8272024

Highlighted filing

2024

Assets$49,827
Liabilities$0
Net Assets$49,827

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KRevenue 2017: $113,439Expenses 2017: $116,938Net Income 2017: -$3,4992017Revenue 2018: $96,280Expenses 2018: $109,915Net Income 2018: -$13,6352018Revenue 2019: $96,737Expenses 2019: $110,234Net Income 2019: -$13,4972019Revenue 2020: $40,740Expenses 2020: $28,807Net Income 2020: $11,9332020Revenue 2021: $91,937Expenses 2021: $79,471Net Income 2021: $12,4662021Revenue 2022: $76,228Expenses 2022: $105,679Net Income 2022: -$29,4512022Revenue 2023: $131,916Expenses 2023: $129,965Net Income 2023: $1,9512023Revenue 2024: $116,091Expenses 2024: $135,214Net Income 2024: -$19,1232024

Highlighted filing

2024

Revenue$116,091
Expenses$135,214
Net Income-$19,123

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 17, 2025
Return Version
2024v5.0
Gross Receipts
$116,091
Mission and Program Overview

Mission

To serve as a forum for convening turnaround executives from all disciplines to exchange information, ideas and knowledge on the turnaround business, to promote high standards of practice and improved methodologies in trunaround management, to foster professional development opportunites for turnaround executives, enhancing the necessary competencies for successful practice, to serve as a clearinghouse of information and research pertinent to the turnaround business, and promote the image of the association and trunaround executives as professionals committed to the highest standards of practice.

To serve as a forum for convening turnaround executives from all disciplines to exchange information, ideas and knowledge on the turnaround business, to promote high standards of practice and improved methodologies in turnaround management, to foster professional development opportunities for turnaround executives, enhancing the necessary compentencies for successful practice, to serve as a clearing house of information and research pertinent to the turnaround business, and promote the image of the association and turnaround executives as professionals committed to the highest standards of practice

Program Services

DescriptionGrantsExpenses
CONDUCT MONTHLY MEETINGS AND ANNUAL CONFERENCES TO ACHIEVE OBJECTIVES-$104,278
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John MuellerPast President-$0--
Scott BoguckiPresident-$0--
Aaron FehnelSecretary And President-Elect-$0--
Heim JosephTreasurer-$0--
Timothy LysterMembership Chair-$0--
John BellardiniDirector-$0--
Beth Ann BivonaDirector-$0--
Scott BoguckiDirector-$0--
Stephen DonatoDirector-$0--
Aaron FehnelDirector-$0--
Vincent HarperDirector-$0--
Joseph HeimDirector-$0--
Hugh Larratt-SmithDirector-$0--
Timothy LysterDirector-$0--
Charlie MaclayDirector-$0--
Gregory MascittiDirector-$0--
John MuellerDirector-$0--
Cristine OKeefeDirector-$0--
George PsomasDirector-$0--
James ThomanDirector-$0--
Madeline KauffmanDirector-$0--
Elena GoynatskyDirector-$0--
Paul LevineDirector-$0--
Filing and Contact Details

Filer

Filer Name
Turnaround Management Association
EIN
16-1563342
Phone
7169191322
Address
C/O CULAIN CAPITAL 1780 WEHRLE DR, BUFFALO, NY 14221

Signing Officer

Name
Joseph Heim
Title
Treasurer
Phone
7169191322
Signed
2025-03-17
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

Description;Amount^iNSURANCE;2381|ADMINISTATION;6425|CONFERENCES AND CONVENTIONS AND MEETINGS;104278|DUES AND SUBSCRIPTIONS;437|PAYROLL PROCESSING FEES;1676|PAYROLL TAXES;3761^Total;118958^

Form 990-EZ, Part I, Line 20

Adjust fund balance to actual

Raw XML Appendix234 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Heim Joseph
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Timothy Lyster
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5John Bellardini
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6Beth Ann Bivona
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8Stephen Donato
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm11Joseph Heim
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IRS990EZ/PrimaryExemptPurposeTxt0TO SERVE AS A FORUM FOR CONVENING TURNAROUND EXECUTIVES FROM ALL DISCIPLINES TO EXCHANGE INFORMATION, IDEAS AND KNOWLEDGE ON THE TURNAROUND BUSINESS, TO PROMOTE HIGH STANDARDS OF PRACTICE AND IMPROVED METHODOLOGIES IN TURNAROUND MANAGEMENT, TO FOSTER PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR TURNAROUND EXECUTIVES, ENHANCING THE NECESSARY COMPENTENCIES FOR SUCCESSFUL PRACTICE, TO SERVE AS A CLEARING HOUSE OF INFORMATION AND RESEARCH PERTINENT TO THE TURNAROUND BUSINESS, AND PROMOTE THE IMAGE OF THE ASSOCIATION AND TURNAROUND EXECUTIVES AS PROFESSIONALS COMMITTED TO THE HIGHEST STANDARDS OF PRACTICE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Adjust fund balance to actual
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ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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