Turnaround Management Association … - Form 990 Financial Data

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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

1993

Legal Domicile

Principal Officer

Jamie Matte

Phone

7132752730

Tax Period

2024-01-01 to 2024-12-31

Turnaround Management Association Houston Chapter, founded in 1993, is a small nonprofit that reported $215K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $243K exceeded revenue, resulting in a 13% operating deficit.

Mission

Professional community dedicated to corporate renewal and turnaround management.

Program Service Accomplishments

Program 1

Expenses: $243,095 Revenue: $68,196

The Houston chapter of Turnaround Management Association is dedicated to providing high quality networking and educational programs for members and guests.The multi-disiplinary expertise within our membership is a major strength providing a medium for the exchange of ideas and business opportunities to professionals in the turnaround business.

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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 $147,200

Program Service Revenue $68,196

Investment Income $71

Other Revenue $0

TOTAL REVENUE $215,467

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $243,095

Other Expenses $243,095

TOTAL EXPENSES $243,095

Year-over-Year Comparison

	2024	2023	Change
Revenue	$215,467	$233,806	-0.1%
Expenses	$243,095	$258,749	-0.1%
Net Income	$-27,628	$-24,943	+0.1%

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
Arsalan Muhammad	President	0.50	Officer Director	$0	$0	$0
David Weinhoffer	President-Elect	0.50	Officer Director	$0	$0	$0
Jamie Matte	Treasurer	0.50	Officer Director	$0	$0	$0
Amy Geise	Director	0.50	Officer Director	$0	$0	$0
Ann Huynh	Director	0.50	Director	$0	$0	$0
Brian Roman	Director	0.50	Director	$0	$0	$0
Brock Hudson	Director	0.50	Director	$0	$0	$0
Bryan Gaston	Director	0.50	Director	$0	$0	$0
Caitlin Appling	Director	0.50	Director	$0	$0	$0
Candice Hubert	Director	0.50	Director	$0	$0	$0
Joseph Bain	Director	0.50	Director	$0	$0	$0
Joseph Rovira	Director	0.50	Director	$0	$0	$0
Karen Nicolaou	Director	0.50	Officer Director	$0	$0	$0
Kiran Vakamudi	Director	0.50	Director	$0	$0	$0
Kyle Herman	Director	0.50	Director	$0	$0	$0
Martha Wyrick	Director	0.50	Director	$0	$0	$0
Matthew Bourda	Director	0.50	Director	$0	$0	$0
Nancy Bonds	Director	0.50	Officer Director	$0	$0	$0
Ryan O'Connor	Director	0.50	Director	$0	$0	$0
Dale Wilkins	Executive Director	10.00	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	No data	No data	No data	No data
2024	$215,467	$243,095	$118,537	$-27,628
2023	$233,806	$258,749	$146,165	$-24,943
2022	$257,191	$233,032	$171,108	$24,159

Turnaround Management Association Houston Chapter