Civic Intelligence

Turnaround Management Association Southern California Chapter

990EZ • Fiscal year 2014 • EIN 95-4553818

Jan 01, 2014 to Dec 31, 2014 • Filed on Apr 07, 2015

735-1/2 N Hayworth AveLos Angeles, CA 90046

(310) 322-4020

Siviq Scores

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

Liabilities / Assets

71st percentile

0.08x

Higher debt load relative to assets than 71% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

78th percentile

0.11x

Higher debt load relative to revenue than 78% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Net Margin

94th percentile

35%

Higher net margin than 94% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Top Officer Pay

68th percentile

$0

Higher top officer pay than 68% of similar nonprofits.

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

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Asset Growth

89th percentile

49%

Faster asset growth than 89% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

25th percentile

-11%

Faster revenue growth than 25% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Up

$120,218

Up $39,741 (+49%) from 2013

Net Assets

Up

$110,968

Up $30,491 (+38%) from 2013

Liabilities

Up

$9,250

Up $9,250 from 2013

Revenue

Down

$86,710

Down $10,951 (-11%) from 2013

Expenses

Down

$56,219

Down $36,679 (-39%) from 2013

Net Income

Up

$30,491

Up $25,728 (+540%) from 2013

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2009: $75,277Liabilities 2009: $18,7002009Assets 2010: $105,504Liabilities 2010: $21,328Net Assets 2010: $84,1762010Assets 2011: $96,125Liabilities 2011: $5952011Assets 2012: $90,832Liabilities 2012: $15,1182012Assets 2013: $80,477Liabilities 2013: $0Net Assets 2013: $80,4772013Assets 2014: $120,218Liabilities 2014: $9,250Net Assets 2014: $110,9682014Assets 2015: $109,135Liabilities 2015: $20,555Net Assets 2015: $88,5802015Assets 2016: $107,662Liabilities 2016: $15,141Net Assets 2016: $92,5212016Assets 2017: $106,795Liabilities 2017: $0Net Assets 2017: $106,7952017Assets 2018: $105,690Liabilities 2018: $21,500Net Assets 2018: $84,1902018Assets 2019: $149,613Liabilities 2019: $11,500Net Assets 2019: $138,1132019Assets 2020: $244,117Liabilities 2020: $58,500Net Assets 2020: $185,6172020Assets 2021: $238,118Liabilities 2021: $18,500Net Assets 2021: $219,6182021Assets 2022: $282,376Liabilities 2022: $44,500Net Assets 2022: $237,8762022Assets 2023: $242,776Liabilities 2023: $26,000Net Assets 2023: $216,7762023Assets 2024: $229,863Liabilities 2024: $40,500Net Assets 2024: $189,3632024

Highlighted filing

2014

Assets$120,218
Liabilities$9,250
Net Assets$110,968

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2009: $163,949Expenses 2009: $140,254Net Income 2009: $23,6952009Revenue 2010: $207,777Expenses 2010: $180,582Net Income 2010: $27,1952010Revenue 2011: $192,522Expenses 2011: $181,168Net Income 2011: $11,3542011Revenue 2012: $178,875Expenses 2012: $198,691Net Income 2012: -$19,8162012Revenue 2013: $97,661Expenses 2013: $92,898Net Income 2013: $4,7632013Revenue 2014: $86,710Expenses 2014: $56,219Net Income 2014: $30,4912014Revenue 2015: $72,841Expenses 2015: $95,229Net Income 2015: -$22,3882015Revenue 2016: $62,905Expenses 2016: $58,965Net Income 2016: $3,9402016Revenue 2017: $74,635Expenses 2017: $60,361Net Income 2017: $14,2742017Revenue 2018: $62,813Expenses 2018: $84,218Net Income 2018: -$21,4052018Revenue 2019: $116,499Expenses 2019: $62,576Net Income 2019: $53,9232019Revenue 2020: $123,104Expenses 2020: $75,600Net Income 2020: $47,5042020Revenue 2021: $117,959Expenses 2021: $83,958Net Income 2021: $34,0012021Revenue 2022: $134,484Expenses 2022: $116,226Net Income 2022: $18,2582022Revenue 2023: $149,155Expenses 2023: $170,255Net Income 2023: -$21,1002023Revenue 2024: $150,885Expenses 2024: $178,298Net Income 2024: -$27,4132024

Highlighted filing

2014

Revenue$86,710
Expenses$56,219
Net Income$30,491
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Apr 7, 2015
Return Version
2014v5.0
Gross Receipts
$159,056
Mission and Program Overview

Mission

The purpose of the turnaround management association - southern california chapter (the "chapter") is: (a) to serve as a forum for convening professionals from all disciplines of the corporate renewal process to exchange information, ideas and knowledge on business revitalization. (b) to promote high standards of practice and improved methodologies in turnaround management. (c) to foster professional development opportunities for turnaround executives, enhancing the necessary competencies for successful practice. (d) to serve as a clearinghouse of information and research pertinent to the turnaround business. (e) to promote the image of the turnaround management association and those practicing in the revitalization of troubled businesses as professionals committed to the highest standard of practice.

Program Services

DescriptionGrantsExpenses
TO SERVE AS A FORUM FOR CONVENING PROFESSIONALS FROM ALL DISCIPLINES OF THE CORPORATE RENEWAL PROCESS TO EXCHANGE INFORMATION, IDEAS AND KNOWLEDGE ON BUSINESS REVITALIZATION.$4,000$4,000
TO PROMOTE HIGH STANDARDS OF PRACTICE AND IMPROVED METHODOLOGIES IN TURNAROUND MANAGEMENT, AND TO FOSTER PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR TURNAROUND EXECUTIVES, ENHANCING THE NECESSARY COMPETENCIES FOR SUCCESSFUL PRACTICE.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MATTHEW COVINGTONPresident-$0--
JEFFREY KRAUSEVice Preside-$0--
CHRISTINE FROMTreasurer-$0--
JIM MENTONSecretary-$0--
MARY LANEMembership-$0--
JASON CARMONAPrograms Co--$0--
MICHELLE SALAZARPrograms Co--$0--
RIVIAN BELLVP Of Commun-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Wounded Warrior$29,160$29,160$8,218$20,942
Night of Excell$25,800$25,800$29,698$-3,898
Total Events$60,495$60,495$40,796$19,699
Filing and Contact Details

Filer

Filer Name
Turnaround Management Association
EIN
95-4553818
Phone
3103224020
Address
735-1/2 N HAYWORTH AVE, LOS ANGELES, CA 90046

Signing Officer

Name
Christine From
Title
Treasurer
Phone
3103224020
Signed
2015-04-07
Discuss with paid preparer
Yes

Preparer

Firm
Radakovich Shaw & Blythe Llp
Address
3220 S HIGUERA ST STE 201, SAN LUIS OBISPO, CA 93401
Preparer
Charleen Fariselli CPA
Phone
8055441557
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses office 608 insurance 688 awards 534 board expenses 1,553 marketing 1,611 parking 874 speaker fees 2,500 credit card fees 5,424 audio/visual services 3,359 late charges 94 federal tax refund -850 state taxes 60 rounding 2 total 16,457

Form 990-ez, Part II, Line 24

Due from tma 3,720 17,909 deposit 10,000 10,000 total 13,720 27,909

Form 990-ez, Part II, Line 26

Deferred revenue 0 7,500 donations payable 0 1,750

Form 990-ez, Part III

The purpose of the turnaround management association - southern california chapter (the "chapter") is: (a) to serve as a forum for convening professionals from all disciplines of the corporate renewal process to exchange information, ideas and knowledge on business revitalization. (b) to promote high standards of practice and improved methodologies in turnaround management. (c) to foster professional development opportunities for turnaround executives, enhancing the necessary competencies for successful practice. (d) to serve as a clearinghouse of information and research pertinent to the turnaround business. (e) to promote the image of the turnaround management association and those practicing in the revitalization of troubled businesses as professionals committed to the highest standard of practice.

Form 990-ez, Part III, Line 29

To promote high standards of practice and improved methodologies in turnaround management, and to foster professional development opportunities for turnaround executives, enhancing the necessary competencies for successful practice.

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES OFFICE 608 INSURANCE 688 AWARDS 534 BOARD EXPENSES 1,553 MARKETING 1,611 PARKING 874 SPEAKER FEES 2,500 CREDIT CARD FEES 5,424 AUDIO/VISUAL SERVICES 3,359 LATE CHARGES 94 FEDERAL TAX REFUND -850 STATE TAXES 60 ROUNDING 2 TOTAL 16,457
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DUE FROM TMA 3,720 17,909 DEPOSIT 10,000 10,000 TOTAL 13,720 27,909
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DEFERRED REVENUE 0 7,500 DONATIONS PAYABLE 0 1,750
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PURPOSE OF THE TURNAROUND MANAGEMENT ASSOCIATION - SOUTHERN CALIFORNIA CHAPTER (THE "CHAPTER") IS: (A) TO SERVE AS A FORUM FOR CONVENING PROFESSIONALS FROM ALL DISCIPLINES OF THE CORPORATE RENEWAL PROCESS TO EXCHANGE INFORMATION, IDEAS AND KNOWLEDGE ON BUSINESS REVITALIZATION. (B) TO PROMOTE HIGH STANDARDS OF PRACTICE AND IMPROVED METHODOLOGIES IN TURNAROUND MANAGEMENT. (C) TO FOSTER PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR TURNAROUND EXECUTIVES, ENHANCING THE NECESSARY COMPETENCIES FOR SUCCESSFUL PRACTICE. (D) TO SERVE AS A CLEARINGHOUSE OF INFORMATION AND RESEARCH PERTINENT TO THE TURNAROUND BUSINESS. (E) TO PROMOTE THE IMAGE OF THE TURNAROUND MANAGEMENT ASSOCIATION AND THOSE PRACTICING IN THE REVITALIZATION OF TROUBLED BUSINESSES AS PROFESSIONALS COMMITTED TO THE HIGHEST STANDARD OF PRACTICE.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.30$0.41$1.89$1.51$1.78$0.27
2023Detailed filing. Detailed filing data is available for this year.$2.43$0.26$2.17$1.49$1.70$0.21
2022Detailed filing. Detailed filing data is available for this year.$2.82$0.45$2.38$1.34$1.16$0.18
2021Detailed filing. Detailed filing data is available for this year.$2.38$0.19$2.20$1.18$0.84$0.34
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.44$0.59$1.86$1.23$0.76$0.48
2019Detailed filing. Detailed filing data is available for this year.$1.50$0.12$1.38$1.16$0.63$0.54
2018Detailed filing. Detailed filing data is available for this year.$1.06$0.22$0.84$0.63$0.84$0.21
2017Detailed filing. Detailed filing data is available for this year.$1.07$0.00$1.07$0.75$0.60$0.14
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.08$0.15$0.93$0.63$0.59$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.09$0.21$0.89$0.73$0.95$0.22
2014Detailed filing. Detailed filing data is available for this year.$1.20$0.09$1.11$0.87$0.56$0.30
2013Detailed filing. Detailed filing data is available for this year.$0.80$0.00$0.80$0.98$0.93$0.05
2012Summary only. Only limited summary data is available for this year.$0.91$0.15$1.79$1.99$0.20
2011Summary only. Only limited summary data is available for this year.$0.96$0.01$1.93$1.81$0.11
2010Summary only. Only limited summary data is available for this year.$1.06$0.21$0.84$2.08$1.81$0.27
2009Summary only. Only limited summary data is available for this year.$0.75$0.19$1.64$1.40$0.24
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2014 filings • 501(c)6 • <$500k nonprofits