DETROIT CHAPTER OF THE TURNAROUND MANAGEMENT ASSOCIATION

EIN: 383201432

BIRMINGHAM, MI

Total Revenue
$141,615
Total Expenses
$121,639
Total Assets
$255,561
Net Assets
$255,561
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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
1994
Legal Domicile
MI
Principal Officer
JOSH GADHARF
Phone
2488172425
Tax Period
2025-01-01 to 2025-12-31

DETROIT CHAPTER OF THE TURNAROUND MANAGEMENT ASSOCIATION, founded in 1994, is a small nonprofit that reported $142K in total revenue in fiscal year 2025. Revenue decreased 17% compared to the prior year. Expenses of $122K left a modest 14% surplus.

Mission

THE ASSOCIATION IS ORGANIZED FOR ANY PURPOSE APPROPRIATE FOR A "BUSINESS LEAGUE" AS DEFINED WITHIN THE MEANING OF SECTION 501(C)(6)OF THE INTERNAL REVENUE CODE OF 1986 AS AMENDED. NO PART OF THE NET EARNINGS OF THE ASSOCIATION SHALL INURE TO THE BENEFIT OF, OR BE DISTRIBUTABLE TO ITS MEMBERS, DIRECTORS, OFFICERS, OR OTHER PRIVATE PERSONS. THE ASSOCIATION IS NOT ORGANIZED FOR PROFIT. NOT WITHSTANDING ANY OTHER PROVISION OF THE BYLAWS, THE ASSOCIATION SHALL NOT CARRY ON ANY OTHER ACTIVITIES NOT PERMITTED TO BE CARRIED ON BY AN ASSOCIATION EXEMPT FROM FEDERAL INCOME TAX UNDER 501(C)(6).

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $11,781
Program Service Revenue $69,379
Investment Income $127
Other Revenue $60,328
TOTAL REVENUE $141,615

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $93,955
Other Expenses $121,639
TOTAL EXPENSES $121,639

Year-over-Year Comparison

2025 2024 Change
Revenue $141,615 $169,815 -0.2%
Expenses $121,639 $136,795 -0.1%
Net Income $19,976 $33,020 -0.4%
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

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Governance

Voting Members
11
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
11
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRENDAN BEST DIRECTOR 1.00
Officer
$0 $0 $0
MICHAEL BOUDREAU DIRECTOR 1.00
Officer
$0 $0 $0
NOELLE FERRARA-GERSON DIRECTOR 1.00
Officer
$0 $0 $0
JOSH GADHARF PRESIDENT 1.00
Officer
$0 $0 $0
RYAN GROSS DIRECTOR 1.00
Officer
$0 $0 $0
JOHN KLEHM DIRECTOR 1.00
Officer
$0 $0 $0
JAMES LINTON DIRECTOR 1.00
Officer
$0 $0 $0
DANIELLE LOVE DIRECTOR 1.00
Officer
$0 $0 $0
FLORIAN MATENA DIRECTOR 1.00
Officer
$0 $0 $0
BRIAN PHILLIPS DIRECTOR 1.00
Officer
$0 $0 $0
LI ZEZULA DIRECTOR 1.00
Officer
$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
2025 $141,615 $121,639 $255,561 $19,976
2024 $169,815 $136,795 $235,585 $33,020
2023 $135,423 $144,452 $202,565 $-9,029
2022 $189,987 $140,330 $211,594 $49,657
2021 $80,836 $68,384 $161,937 $12,452
2020 $57,997 $45,595 $149,485 $12,402
2019 $111,428 $100,204 $137,083 $11,224
2018 $115,517 $139,453 $125,859 $-23,936
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