Turnaround Management Association Inc

Organization Overview

Turnaround Management Association Inc is located in Stratford, CT. The organization was established in 1998. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Turnaround Management Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2023, Turnaround Management Association Inc generated $423.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $410.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO SERVE AS A FORUM FOR CORPORATE RENEWAL PROFESSIONALS FROM ALL DISCIPLINES

Describe the Organization's Program Activity:

Part 3 - Line 4a

CONFERENCES AND BREAKFAST/LUNCH/DINNER MEETINGS PROVIDE THE OPPORTUNITY FOR MEMBERS AND GUESTS TO NETWORK WITH A DIVERSE GROUP OF TURNAROUND MANAGEMENT PROFESSIONALS FROM MANY DISCIPLINES.


EDUCATIONAL SESSIONS WITH GUEST SPEAKERS PROVIDE THE OPPORTUNITY FOR MEMBERS TO HONE CORPORATE RENEWAL SKILLS. THESE SESSIONS ALSO PROVIDE FOR THE FREE EXCHANGE OF TECHNICAL AND PROFESSIONAL INFORMATION.


GOLF AND TENNIS OUTINGS PROVIDE THE OPPORTUNITY FOR MEMBERS AND GUESTS TO NETWORK WITH CORPORATE RENEWAL PROFESSIONALS FROM DISCIPLINES OTHER THAN THEIR OWN AND EXPAND THEIR CONTACTS, ALLOWING THEM TO BETTER SERVE THEIR CLIENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Kathleen Aiello
President-Elect
$0
Shante George
President
$0
Marti Murray
Treasurer-Elect
$0
John Weiss
Secretary
$0
Purav Adiecha
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$184,943
Investment income $5,635
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $423,385

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