Civic Intelligence

Turnaround Management Association Southern California Chapter

990EZ • Fiscal year 2015 • EIN 95-4553818

Jan 01, 2015 to Dec 31, 2015 • Filed on May 02, 2016

8033 West Sunset Blvd 369Los Angeles, CA 90046

(310) 322-4020

Siviq Scores

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

Liabilities / Assets

80th percentile

0.19x

Higher debt load relative to assets than 80% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

89th percentile

0.28x

Higher debt load relative to revenue than 89% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Net Margin

8th percentile

-31%

Higher net margin than 8% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Top Officer Pay

69th percentile

$0

Higher top officer pay than 69% of similar nonprofits.

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

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Asset Growth

26th percentile

-9.2%

Faster asset growth than 26% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

20th percentile

-16%

Faster revenue growth than 20% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$109,135

Down $11,083 (-9.2%) from 2014

Net Assets

Down

$88,580

Down $22,388 (-20%) from 2014

Liabilities

Up

$20,555

Up $11,305 (+122%) from 2014

Revenue

Down

$72,841

Down $13,869 (-16%) from 2014

Expenses

Up

$95,229

Up $39,010 (+69%) from 2014

Net Income

Down

-$22,388

Down $52,879 (-173%) from 2014

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

2015

Assets$109,135
Liabilities$20,555
Net Assets$88,580

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

2015

Revenue$72,841
Expenses$95,229
Net Income-$22,388
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 2, 2016
Return Version
2015v2.1
Gross Receipts
$140,931
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.$38,400$38,400
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 C-$0--
JASON CARMONAPrograms Co--$0--
MICHELLE SALAZARPrograms Co--$0--
RIVIAN BELLCommunicatio-$0--
NATHAN COOKMembership C-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Night of Excell$22,535$22,535$18,486$4,049
Wounded Warrior$10,945$10,945$9,906$1,039
Total Events$53,775$53,775$50,061$3,714
Filing and Contact Details

Filer

Filer Name
Turnaround Management Association
EIN
95-4553818
Phone
3103224020
Address
8033 WEST SUNSET BLVD 369, LOS ANGELES, CA 90046

Signing Officer

Name
Christine From
Title
Treasurer
Phone
3103224020
Signed
2016-05-02
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 10

Veterans legal institute 03/02/2015 2100 north broadway suite 209 santa ana, ca 92706 12,950 0 0 public law center 03/02/2015 601 civic center drive west santa ana, ca 92701 13,150 0 0 wounded warrior project 03/02/2015 8880 rio san diego drive, suite 900 san diego, ca 92108 8,800 0 0

Form 990-ez, Part I, Line 16

Expenses office expense 1,700 other expenses 43 insurance 1,490 state taxes 330 travel 1,919 total 5,482

Form 990-ez, Part II, Line 24

Due from tma 17,909 500 deposit 10,000 11,375 total 27,909 11,875

Form 990-ez, Part II, Line 26

Deferred revenue 7,500 5,000 donations payable 1,750 15,555

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.

Raw XML Appendix163 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VETERANS LEGAL INSTITUTE 03/02/2015 2100 NORTH BROADWAY SUITE 209 SANTA ANA, CA 92706 12,950 0 0 PUBLIC LAW CENTER 03/02/2015 601 CIVIC CENTER DRIVE WEST SANTA ANA, CA 92701 13,150 0 0 WOUNDED WARRIOR PROJECT 03/02/2015 8880 RIO SAN DIEGO DRIVE, SUITE 900 SAN DIEGO, CA 92108 8,800 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES OFFICE EXPENSE 1,700 OTHER EXPENSES 43 INSURANCE 1,490 STATE TAXES 330 TRAVEL 1,919 TOTAL 5,482
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DUE FROM TMA 17,909 500 DEPOSIT 10,000 11,375 TOTAL 27,909 11,875
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DEFERRED REVENUE 7,500 5,000 DONATIONS PAYABLE 1,750 15,555
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TO 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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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
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ReturnHeader/TaxYr02015

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