Civic Intelligence

Turnaround Management Association Mn Chapter Co Michael Wolf

990EZ • Fiscal year 2021 • EIN 41-1911072

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 25, 2022

7321 Hillsdale CourtChanhassen, MN 55317

(952) 240-9747

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

42nd percentile

0.00x

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

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

42nd percentile

0.00x

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

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Net Margin

91st percentile

47%

Higher net margin than 91% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Asset Growth

82nd percentile

36%

Faster asset growth than 82% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

90th percentile

97%

Faster revenue growth than 90% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$162,404

Up $43,359 (+36%) from 2020

Net Assets

Up

$162,404

Up $43,359 (+36%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Up

$92,946

Up $45,739 (+97%) from 2020

Expenses

Up

$49,587

Up $10,233 (+26%) from 2020

Net Income

Up

$43,359

Up $35,506 (+452%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200K$150K$100K$50K$0Assets 2010: $105,361Liabilities 2010: $0Net Assets 2010: $105,3612010Assets 2011: $113,098Liabilities 2011: $0Net Assets 2011: $113,0982011Assets 2012: $116,836Liabilities 2012: $02012Assets 2013: $127,812Liabilities 2013: $02013Assets 2014: $143,372Liabilities 2014: $0Net Assets 2014: $143,3722014Assets 2015: $145,925Liabilities 2015: $0Net Assets 2015: $145,9252015Assets 2016: $136,642Liabilities 2016: $0Net Assets 2016: $136,6422016Assets 2017: $120,154Liabilities 2017: $0Net Assets 2017: $120,1542017Assets 2018: $101,941Liabilities 2018: $0Net Assets 2018: $101,9412018Assets 2019: $111,192Liabilities 2019: $02019Assets 2020: $119,045Liabilities 2020: $0Net Assets 2020: $119,0452020Assets 2021: $162,404Liabilities 2021: $0Net Assets 2021: $162,4042021Assets 2022: $170,832Liabilities 2022: $0Net Assets 2022: $170,8322022Assets 2023: $183,328Liabilities 2023: $02023Assets 2024: $195,318Liabilities 2024: $0Net Assets 2024: $195,3182024

Highlighted filing

2021

Assets$162,404
Liabilities$0
Net Assets$162,404

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150K$100K$50K$0-$50KRevenue 2010: $87,350Expenses 2010: $66,642Net Income 2010: $20,7082010Revenue 2011: $75,194Expenses 2011: $67,764Net Income 2011: $7,4302011Revenue 2012: $80,158Expenses 2012: $76,420Net Income 2012: $3,7382012Revenue 2013: $99,487Expenses 2013: $88,511Net Income 2013: $10,9762013Revenue 2014: $95,623Expenses 2014: $80,063Net Income 2014: $15,5602014Revenue 2015: $101,390Expenses 2015: $98,836Net Income 2015: $2,5542015Revenue 2016: $75,036Expenses 2016: $84,319Net Income 2016: -$9,2832016Revenue 2017: $91,539Expenses 2017: $108,027Net Income 2017: -$16,4882017Revenue 2018: $84,528Expenses 2018: $102,741Net Income 2018: -$18,2132018Revenue 2019: $92,549Expenses 2019: $83,298Net Income 2019: $9,2512019Revenue 2020: $47,207Expenses 2020: $39,354Net Income 2020: $7,8532020Revenue 2021: $92,946Expenses 2021: $49,587Net Income 2021: $43,3592021Revenue 2022: $103,887Expenses 2022: $95,459Net Income 2022: $8,4282022Revenue 2023: $123,635Expenses 2023: $111,139Net Income 2023: $12,4962023Revenue 2024: $124,851Expenses 2024: $112,861Net Income 2024: $11,9902024

Highlighted filing

2021

Revenue$92,946
Expenses$49,587
Net Income$43,359
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 25, 2022
Return Version
2021v4.2
Gross Receipts
$92,946
Mission and Program Overview

Mission

The turnaround management association, minnesota chapter (tma/mn) is a local chapter of the international tma association (tma). The tma serves as a forum for convening corporate renewal professionals from all disciplines to exchange information, ideas, and knowledge on the corporate renewal profession.

Program Services

DescriptionGrantsExpenses
1. THE TURNAROUND MANAGEMENT ASSOCIATION, MINNESOTA CHAPTER(TMA/MN) IS A LOCAL CHAPTER OF THE INTERNATIONAL TMA ASSOCIATION (TMA). THE TMA SERVES AS A FORUM FOR CONVENING CORPORATE RENEWAL PROFESSIONALS FROM ALL DISCIPLINES TO EXCHANGE INFORMATION, IDEAS, AND KNOWLEDGE ON THE CORPORATE RENEWAL PROFESSION. THE TMA PROMOTES HIGH STANDARDS OF PROFESSIONAL PRACTICE AND IMPROVED METHODOLOGIES IN THE DISCIPLINE. THE TMA ALSO FOSTERS PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR CORPORATE RENEWAL PROFESSIONALS. IT SERVES AS A CLEARINGHOUSE OF INFORMATION AND RESEARCH PERTINENT TO THE PROFESSION AND PROMOTES THE IMAGE OF THE INTERNATIONAL TMA. THE TMA/MN CONDUCTS APPROXIMATELY 16 EVENTS A YEAR IN AND AROUND MINNEAPOLIS, MN FOCUSING ON THE FOLLOWING TOPICS: - NETWORKING OPPORTUNITIES FOR CORPORATE RENEWAL PROFESSIONALS; - EDUCATIONAL EVENTS-LEGAL/BANKRUPTCY, ACCOUNTING OR TURNAROUND CONSULTING TOPICS, - SPEAKERS OR PANELISTS THAT EDUCATE PROFESSIONALS ON THEIR WORK IN THE CORPORATE RENEWAL PROFESSION OR OTHER SPECIFIC TOPICS RELATED TO THE LOCAL OR NATIONAL ECONOMY. IN ADDITION, THE INTERNATIONAL TMA PROVIDES ANNUAL CONFERENCES, A WEBSITE, AN AWARD PROGRAM, AND A DIRECTORY LISTING OF ALL MEMBERS.2. THE TMA/MN RECEIVES SUPPORT FROM CORPORATE SPONSORS IN THE LOCAL COMMUNITY, AND A PERCENTAGE OF THE DUES PAID TO THE INTERNATIONAL TMA ORGANIZATION. FEES FROM PROFESSIONAL AND EDUCATIONAL EVENTS ARE PLANNED TO OFFSET THE EXPENSE OF CONDUCTING THESE EVENTS.3. EVENT SCHEDULEDATE : WEDNESDAY, JANUARY 13EVENT : 2020 TRANSACTION OF THE YEAR AWARD PRESENTATIONLOCATION : ONLINEDATE : WEDNESDAY, JANUARY 27EVENT : SOCIAL/NETWORKINGLOCATION : ONLINEDATE : TUESDAY, FEBRUARY 16EVENT : CHAPTER PROGRAMLOCATION : ONLINEDATE : WEDNESDAY, MARCH 3EVENT : NEXT GEN PROGRAMLOCATION : ONLINEDATE : WEDNESDAY, MARCH 18EVENT : 2020 TURNAROUND OF THE YEAR AWARD PRESENTATIONLOCATION : ONLINEDATE : THURSDAY, APRIL 22EVENT : CHAPTER PROGRAMLOCATION : ONLINEDATE : THURSDAY, MAY 13EVENT : CHAPTER PROGRAMLOCATION : ONLINEDATE : THURSDAY, JUNE 17EVENT : NETWORK OF WOMEN W/RMA MN CHAPTERLOCATION : BROOKVIEW GOLDEN VALLEYDATE : WEDNESDAY, JULY 14EVENT : 20TH ANNUAL GOLF/NETWORKING EVENTLOCATION : DEER RUN GOLF COURSEEVENT SPONSORS : SECURED FINANCE NETWORK - MN CHAPTERDATE : WEDNESDAY, SEPTEMBER 8EVENT : NEXT GENLOCATION : BAD AXE THROWINGDATE : MONDAY, SEPTEMBER 20 - TUESDAY, SEPTEMBER 21EVENT : MID AMERICA REGIONAL CONFERENCE LOCATION : DETROIT, MIDATE : WEDNESDAY, SEPTEMBER 29EVENT : MEMBERS ONLY POWER HOURLOCATION : MINNEAPOLIS CLUBDATE : THURSDAY, NOVEMBER 18EVENT : 19TH ANNUAL TASTING, SILENT AUCTION & CHARITY EVENTLOCATION : BROOKVIEW GOLDEN VALLEYDATE : THURSDAY, DECEMBER 9EVENT : 2021 TURNAROUND OF THE YEAR AWARD PRESENTATIONLOCATION : MINNEAPOLIS CLUBDATE : THURSDAY, DECEMBER 16EVENT : CHARITY/NETWORKING EVENT W/RMA MN CHAPTERLOCATION : THE LOOP WEST END$15,000$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
AMANDA SCHLITZNow Chair-$0--
CATHY SEDACCACommunication Chair-$0--
CHARLES NELSONSecretary/Awards Co-Chair-$0--
CORY SVIHLANextgen Co-Chair-$0--
DARYL MCLINDENTreasurer-$0--
HEATHER RACHELMembership Chair-$0--
LESLEY FARMEROfficer-$0--
MATT HOWEVolunteer Services Chair-$0--
MICHAEL ROSOWPresident-$0--
MIKE ATTEMASponsorship Co-Chair-$0--
MIKE WISESponsorship Co-Chair-$0--
PATRICK FINNOfficer-$0--
Filing and Contact Details

Filer

Filer Name
Turnaround Management Association
EIN
41-1911072
Phone
9522409747
Address
7321 HILLSDALE COURT, CHANHASSEN, MN 55317

Signing Officer

Name
Daryl Mclinden
Title
Treasurer
Phone
9522409747
Signed
2022-10-25
Discuss with paid preparer
Yes

Preparer

Firm
Sdk CPA
Address
100 WASHINGTON AVE S STE 1600, MINNEAPOLIS, MN 55401
Preparer
Jennifer Stavish CPA
Phone
6123325500
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: other income. Amount: 6.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: . Grantee name: legalcorps. Amount given: 7,500.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: . Grantee name: greater minneapolis crisis nursery. Amount given: 7,500. Total included on form 990-ez, line 10: 15,000.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: administrative costs. Amount: 11,030. Description: board expense. Amount: 659. Description: d&o insurance. Amount: 464. Description: event costs. Amount: 15,898. Description: miscellaneous. Amount: 3,901. Description: awards. Amount: 2,635. Total to form 990-ez, line 16: 34,587.

Raw XML Appendix170 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/PrimaryExemptPurposeTxt0THE TURNAROUND MANAGEMENT ASSOCIATION, MINNESOTA CHAPTER (TMA/MN) IS A LOCAL CHAPTER OF THE INTERNATIONAL TMA ASSOCIATION (TMA). THE TMA SERVES AS A FORUM FOR CONVENING CORPORATE RENEWAL PROFESSIONALS FROM ALL DISCIPLINES TO EXCHANGE INFORMATION, IDEAS, AND KNOWLEDGE ON THE CORPORATE RENEWAL PROFESSION.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVITY CLASSIFICATION: . GRANTEE NAME: LEGALCORPS. AMOUNT GIVEN: 7,500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACTIVITY CLASSIFICATION: . GRANTEE NAME: GREATER MINNEAPOLIS CRISIS NURSERY. AMOUNT GIVEN: 7,500. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 15,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: ADMINISTRATIVE COSTS. AMOUNT: 11,030. DESCRIPTION: BOARD EXPENSE. AMOUNT: 659. DESCRIPTION: D&O INSURANCE. AMOUNT: 464. DESCRIPTION: EVENT COSTS. AMOUNT: 15,898. DESCRIPTION: MISCELLANEOUS. AMOUNT: 3,901. DESCRIPTION: AWARDS. AMOUNT: 2,635. TOTAL TO FORM 990-EZ, LINE 16: 34,587.
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055317
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411680240
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SDK CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0100 WASHINGTON AVE S STE 1600
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MINNEAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055401
ReturnHeader/PreparerPersonGrp/PhoneNum06123325500
ReturnHeader/PreparerPersonGrp/PreparationDt02022-10-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JENNIFER STAVISH CPA
ReturnHeader/ReturnTs02022-10-27T16:21:17-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DARYL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MCLINDEN
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.95$0.00$1.95$1.25$1.13$0.12
2023Summary only. Only limited summary data is available for this year.$1.83$0.00$1.24$1.11$0.12
2022Detailed filing. Detailed filing data is available for this year.$1.71$0.00$1.71$1.04$0.95$0.08
2021Detailed filing. Detailed filing data is available for this year.$1.62$0.00$1.62$0.93$0.50$0.43
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.19$0.00$1.19$0.47$0.39$0.08
2019Summary only. Only limited summary data is available for this year.$1.11$0.00$0.93$0.83$0.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.02$0.00$1.02$0.85$1.03$0.18
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.20$0.00$1.20$0.92$1.08$0.16
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.37$0.00$1.37$0.75$0.84$0.09
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.46$0.00$1.46$1.01$0.99$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.43$0.00$1.43$0.96$0.80$0.16
2013Summary only. Only limited summary data is available for this year.$1.28$0.00$0.99$0.89$0.11
2012Summary only. Only limited summary data is available for this year.$1.17$0.00$0.80$0.76$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$0.00$1.13$0.75$0.68$0.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$0.00$1.05$0.87$0.67$0.21