TURNAROUND MANAGEMENT ASSOCIATION (EIN 561903517) - 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

1994

Legal Domicile

Principal Officer

JOE POLANCICH

Phone

7047339791

Tax Period

2025-01-01 to 2025-12-31

TURNAROUND MANAGEMENT ASSOCIATION, founded in 1994, is a small nonprofit that reported $275K in total revenue in fiscal year 2025. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $238K left a modest 13% surplus.

Mission

PROVIDE OPPORTUNITIES FOR TURNAROUND MANAGEMENT PROFESSIONALS TO NETWORK AND PRESENTED TRADES SHOWS TO PROMOTE THE INDUSTRY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $233,218

Program Service Revenue $40,149

Investment Income $1,648

Other Revenue $0

TOTAL REVENUE $275,015

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $221,925

Other Expenses $238,077

TOTAL EXPENSES $238,077

Year-over-Year Comparison

	2025	2024	Change
Revenue	$275,015	$210,322	+0.3%
Expenses	$238,077	$230,268	+0.0%
Net Income	$36,938	$-19,946	-2.9%

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
MICHAEL BEAL	DIRECTOR	N/A	Director	$0	$0	$0
DAVID FIEGEL	DIRECTOR	N/A	Director	$0	$0	$0
JOE PALONCICH	TREASURER	N/A	Director	$0	$0	$0
JOE POLANCICH	DIRECTOR	N/A	Director	$0	$0	$0
BEN RILEY	DIRECTOR	N/A	Director	$0	$0	$0
MARK RUDAY	DIRECTOR	N/A	Director	$0	$0	$0
ED SANZ	DIRECTOR	N/A	Director	$0	$0	$0
DAVID SCHILLI	DIRECTOR	N/A	Director	$0	$0	$0
BOWEN SMITH	DIRECTOR	N/A	Director	$0	$0	$0
MATT SMITH	DIRECTOR	N/A	Director	$0	$0	$0
LISA SUMNER	DIRECTOR	N/A	Director	$0	$0	$0
DANIEL VALLE	DIRECTOR	N/A	Director	$0	$0	$0
JERRY YOUNTS	DIRECTOR	N/A	Director	$0	$0	$0
JANE DOWNEY	SECRETARY	N/A	Officer	$0	$0	$0
STEVE JANSON	PRESIDENT-EL	N/A	Officer	$0	$0	$0
JOE POLANCICH	TREASURER	N/A	Officer	$0	$0	$0
ROB TRAMANTANO	PRESIDENT	N/A	Officer	$0	$0	$0
MARGARET WESTBROOK	IMMEDIATE PA	N/A	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	$275,015	$238,077	$180,197	$36,938
2024	$210,322	$230,268	$143,259	$-19,946
2023	$250,431	$230,642	$163,205	$19,789

TURNAROUND MANAGEMENT ASSOCIATION