TURNAROUND MANAGEMENT ASSOCIATION

EIN: 561596880

CHICAGO, IL

Total Revenue
$5,118,881
Total Expenses
$5,235,903
Total Assets
$7,693,908
Net Assets
$4,482,048
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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
1988
Legal Domicile
IL
Principal Officer
SCOTT STUART
Phone
3125786900
Tax Period
2023-01-01 to 2023-12-31

TURNAROUND MANAGEMENT ASSOCIATION, founded in 1988, is a community nonprofit that reported $5.1M in total revenue in fiscal year 2023.

Mission

INTERNATIONAL TRADE ASSOCIATION DEDICATED TO CORPORATE RENEWAL AND TURNAROUND MANAGEMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $762,518
Program Service Revenue $4,197,581
Investment Income $157,625
Other Revenue $1,157
TOTAL REVENUE $5,118,881

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,082,380
Fundraising Expenses $0
Other Expenses $3,153,523
TOTAL EXPENSES $5,235,903

Year-over-Year Comparison

2023 2022 Change
Revenue $5,118,881 $4,837,813 +0.1%
Expenses $5,235,903 $5,061,690 +0.0%
Net Income $-117,022 $-223,877 -0.5%
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
21
Independent Members
21
Employees
22
Volunteers
100

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
17
$624,909
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANE W MITNICK CHAIR/PRESIDENT 5.00
Officer Director
$0 $0 $0
JAMES VAN HORN PRESIDENT 5.00
Officer Director
$0 $0 $0
MATTHEW ENGLISH IMMEDIATE PAST CHAIRPERSON 5.00
Officer Director
$0 $0 $0
STEPHEN EMERSON CHAIR - CRRC 5.00
Officer Director
$0 $0 $0
SALLY BARTON CORPORATE SECRETARY 5.00
Officer Director
$0 $0 $0
ALLEN WILEN VICE PRESIDENT - FINANCE 5.00
Officer Director
$0 $0 $0
ANNE O'DONNELL PICHLER VICE PRESIDENT - MARKETING & COMMUNICATIONS 5.00
Officer Director
$0 $0 $0
JOSEF W MINTZ VICE PRESIDENT - MEMBERSHIP 5.00
Officer Director
$0 $0 $0
VLAD NASTASE VICE PRESIDENT - INTERNATIONAL RELATIONS 5.00
Officer Director
$0 $0 $0
RACHAEL L SMILEY VICE PRESIDENT - CHAPTER RELATIONS 5.00
Officer Director
$0 $0 $0
FRANK GRIMALDI VICE PRESIDENT - CONFERENCES 5.00
Officer Director
$0 $0 $0
BRIAN F GLEASON VICE PRESIDENT - EDUCATION 5.00
Officer Director
$0 $0 $0
MICHAEL VON LEHMAN VICE PRESIDENT - CERTIFICATION 5.00
Officer Director
$0 $0 $0
ROBERT PATRICK CHAIR - CHAPTER PRESIDENTS COUNCIL 5.00
Officer Director
$0 $0 $0
RACHEL MAUCERI VICE CHAIR - CHAPTER PRESIDENTS COUNCIL 5.00
Officer Director
$0 $0 $0
LILIES LANWAY MEMBER AT LARGE 5.00
Director
$0 $0 $0
CYNTHIA ROMANO MEMBER AT LARGE 5.00
Director
$0 $0 $0
SEAN T SMITH MEMBER AT LARGE 5.00
Director
$0 $0 $0
JONATHAN REIMCHE MEMBER AT LARGE 5.00
Director
$0 $0 $0
MARC SULLIVAN MEMBER AT LARGE 5.00
Director
$0 $0 $0
MICHAEL ROSOW MEMBER AT LARGE 5.00
Director
$0 $0 $0
SCOTT STUART CHIEF EXECUTIVE OFFICER 40.00
Officer
$438,414 $15,235 $453,649
THOMAS P JURCZAK SENIOR DIRECTOR, FINANCE 40.00
Officer
$159,045 $12,215 $171,260
SCOTT ZELLER DIRECTOR OF SPONSORSHIP AND BUSINESS DEVELOPMENT 40.00
Highest
$115,281 $19,667 $134,948
JODI TALLEY DIRECTOR OF MARKETING 40.00
Highest
$128,698 $21,594 $150,292
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 No data No data No data No data
2023 $5,118,881 $5,235,903 $7,693,908 $-117,022
2022 $4,837,813 $5,061,690 $6,652,132 $-223,877
2021 $4,615,649 $4,392,223 $7,893,498 $223,426
2020 $4,081,762 $4,498,497 $6,756,283 $-416,735
2019 $4,958,941 $4,844,475 $7,341,541 $114,466
2018 $5,205,480 $4,419,140 $6,476,168 $786,340
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