TURNAROUND MANAGEMENT ASSOCIATION OF FLORIDA INC (EIN 651089785) - 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

2001

Legal Domicile

Principal Officer

BARRY VECKER

Phone

9546532484

Tax Period

2024-01-01 to 2024-12-31

TURNAROUND MANAGEMENT ASSOCIATION OF FLORIDA INC, founded in 2001, is a small nonprofit in the Community Improvement sector that reported $159K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum.

Mission

THE NON-PROFIT IS ORGANIZED TO FACILITATE THE NETWORKING AND EDUCATION OF TURNAROUND INDUSTRY PROFESSIONALS.

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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 $0

Program Service Revenue $67,846

Investment Income $35

Other Revenue $90,673

TOTAL REVENUE $158,554

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $89,143

Other Expenses $79,848

TOTAL EXPENSES $168,991

Year-over-Year Comparison

	2024	2023	Change
Revenue	$158,554	$121,096	+0.3%
Expenses	$168,991	$144,188	+0.2%
Net Income	$-10,437	$-23,092	-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

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
DAVID WEINSTEIN	CHAIR	1.00	Officer Director	$0	$0	$0
KENNETH YAGER	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
NICK WELCH	BOARD MEMBER	1.00	Director	$0	$0	$0
BARRY VECKER	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT FOLLAND	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARIUS DOBREN	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT HALE	BOARD MEMBER	1.00	Director	$0	$0	$0
FREDDIE SMITHSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE TRISCOLI	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM BEANE	TREASURER	1.00	Officer Director	$0	$0	$0
JASON ALPERT	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM TIMKO	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLI ROBERTS	BOARD MEMBER	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	$158,554	$168,991	$44,925	$-10,437
2023	$121,096	$144,188	$40,362	$-23,092
2022	$249,438	$248,066	$63,454	$1,372
2021	$170,656	$178,840	$62,082	$-8,184
2020	$58,255	$74,694	$70,266	$-16,439
2019	$137,022	$130,309	$86,705	$6,713
2018	$199,088	$132,464	$81,742	$66,624

TURNAROUND MANAGEMENT ASSOCIATION OF FLORIDA INC