CHICAGOMIDWEST CHAPTER OF THE TURNAROUND MANAGEMENT ASSOCIATION (EIN 363998240) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

SANDY PRABHAKAR

Phone

8154692935

Tax Period

2024-01-01 to 2024-12-31

CHICAGOMIDWEST CHAPTER OF THE TURNAROUND MANAGEMENT ASSOCIATION, founded in 1992, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $235K, a strong 19% operating margin.

Mission

PROFESSIONAL DEVELOPMENT OF MEMBERS, PROMOTION OF HIGH STANDARDS AND EXCHANGE OF INFORMATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $50,326

Program Service Revenue $1,165,365

Investment Income $32,113

Other Revenue $0

TOTAL REVENUE $1,247,804

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,012,502

TOTAL EXPENSES $1,012,502

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,247,804	$1,149,356	+0.1%
Expenses	$1,012,502	$1,046,378	0.0%
Net Income	$235,302	$102,978	+1.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACK O'CONNOR	PRESIDENT	4.00	Officer Director	$0	$0	$0
DAVID LEVY	PRESIDENT-ELECT	3.00	Officer Director	$0	$0	$0
KOBUS VAN DER ZEL CTP	VP COMMUNICATIONS	3.00	Officer Director	$0	$0	$0
PAUL MUSSER	VP EDUCATION	3.00	Officer Director	$0	$0	$0
TINA HUGHES CTP	VP PROGRAMS	3.00	Officer Director	$0	$0	$0
SANDY PRABHAKAR	TREASURER	3.00	Officer Director	$0	$0	$0
ERIN WEST	SECRETARY	3.00	Officer Director	$0	$0	$0
KAT PARKER	IMMEDIATE PAST PRESIDENT	3.00	Officer Director	$0	$0	$0
JASON EDELSON	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE COTE	DIRECTOR	1.00	Director	$0	$0	$0
AARON HAMMER	DIRECTOR	1.00	Director	$0	$0	$0
JIM TRANKINA	DIRECTOR	1.00	Director	$0	$0	$0
GAIL HELDKE	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN KRAKORA	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
VIRGINIA GEORGE	DIRECTOR	1.00	Director	$0	$0	$0
SAMMY RUBEN	DIRECTOR	1.00	Director	$0	$0	$0
CATALIN DIACONU	DIRECTOR	1.00	Director	$0	$0	$0
MARK SILVERMAN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BOYER	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$1,247,804	$1,012,502	$1,591,948	$235,302
2023	$1,149,356	$1,046,378	$1,357,175	$102,978
2022	$1,100,551	$1,185,002	$1,100,240	$-84,451
2021	$878,298	$671,267	$1,189,356	$207,031
2020	$385,723	$354,094	$981,731	$31,629
2019	$1,044,909	$1,010,500	$941,868	$34,409
2018	$982,155	$938,814	$956,224	$43,341

CHICAGOMIDWEST CHAPTER OF THE TURNAROUND MANAGEMENT ASSOCIATION