Turnaround Management Association Minnesota Chapter
- Assets
- $170.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chanhassen, MN
- Founding
- 11/2002
- Data as of
- 12/2022
- EIN
- 41-1911072
Organization Overview
Turnaround Management Association Minnesota Chapter is located in Chanhassen, MN. The organization was established in 2002. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, 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 Minnesota Chapter 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 12/2022, Turnaround Management Association Minnesota Chapter generated $103.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $95.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
1. THE TURNAROUND MANAGEMENT ASSOCIATION, MINNESOTA CHAPTER(TMA/MN) IS A LOCAL CHAPTER OF THE INTERNATIONAL TMA ASSOCIATION (TMA). THE TMA SERVES AS A FORUM FOR CONVENING CORPORATE RENEWAL PROFESSIONALS FROM ALL DISCIPLINES TO EXCHANGE INFORMATION, IDEAS, AND KNOWLEDGE ON THE CORPORATE RENEWAL PROFESSION. THE TMA PROMOTES HIGH STANDARDS OF PROFESSIONAL PRACTICE AND IMPROVED METHODOLOGIES IN THE DISCIPLINE. THE TMA ALSO FOSTERS PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR CORPORATE RENEWAL PROFESSIONALS. IT SERVES AS A CLEARINGHOUSE OF INFORMATION AND RESEARCH PERTINENT TO THE PROFESSION AND PROMOTES THE IMAGE OF THE INTERNATIONAL TMA. THE TMA/MN CONDUCTS APPROXIMATELY 16 EVENTS A YEAR IN AND AROUND MINNEAPOLIS, MN FOCUSING ON THE FOLLOWING TOPICS: - NETWORKING OPPORTUNITIES FOR CORPORATE RENEWAL PROFESSIONALS; - EDUCATIONAL EVENTS-LEGAL/BANKRUPTCY, ACCOUNTING OR TURNAROUND CONSULTING TOPICS, - SPEAKERS OR PANELISTS THAT EDUCATE PROFESSIONALS ON THEIR WORK IN THE CORPORATE RENEWAL PROFESSION OR OTHER SPECIFIC TOPICS RELATED TO THE LOCAL OR NATIONAL ECONOMY. IN ADDITION, THE INTERNATIONAL TMA PROVIDES ANNUAL CONFERENCES, A WEBSITE, AN AWARD PROGRAM, AND A DIRECTORY LISTING OF ALL MEMBERS.2. THE TMA/MN RECEIVES SUPPORT FROM CORPORATE SPONSORS IN THE LOCAL COMMUNITY, AND A PERCENTAGE OF THE DUES PAID TO THE INTERNATIONAL TMA ORGANIZATION. FEES FROM PROFESSIONAL AND EDUCATIONAL EVENTS ARE PLANNED TO OFFSET THE EXPENSE OF CONDUCTING THESE EVENTS.3. EVENT SCHEDULEDATE: FEBRUARY 9 - FEBRUARY 11EVENT: DISTRESSED INVESTMENT CONFERENCELOCATION: LAS VEGAS, NV~DATE : THURSDAY, FEBRUARY 17EVENT : ECONOMIC UPDATELOCATION : ONLINE~DATE : THURSDAY, APRIL 7EVENT : 2021 TRANSACTION AWARD PRESENTATIONLOCATION : BROOKVIEW GOLDEN VALLEY~DATE: APRIL 25 - APRIL 26EVENT: MID AMERICA REGIONAL CONFERENCELOCATION: HILTON MILWAUKEE CITY CENTER - MILWAUKEE, WI~DATE : TUESDAY, MAY 24EVENT : NOW EVENTLOCATION : GIULIA RESTAURANT~DATE: MAY 10EVENT: NOW SUMMITLOCATION: AUSTIN, TX~DATE : THURSDAY, MAY 12EVENT : TWINS/NETWORKING EVENT WITH ACG MNLOCATION : TARGET FIELDSPONSORS: CAPITOL LIEN, CORDES, FIDELITY BANK, PLATINUM GROUP, SPENCER FANE, STEFFES GROUP~DATE : THURSDAY, JUNE 2EVENT : NEXT GEN NETWORKING/SOCIALLOCATION : BOOM ISLAND BREWING~DATE: WEDNESDAY, JUNE 15EVENT: MEMBER & NON-MEMBER SOCIALLOCATION: LUCE LINE BREWING~DATE : TUESDAY, JUNE 28EVENT : NOW NETWORKINGLOCATION : BROOKVIEW GOLDEN VALLEYSPONSORS: BALLARD SPAHR, BMO, INTEGRATED CONSULTING~DATE : WEDNESDAY, JULY 20EVENT : ANNUAL GOLF NETWORKING EVENTLOCATION : CRYSTAL LAKE GOLF CLUBSPONSORS: CAPITOL LIEN, INTEGRATED CONSULTING, PLATINUM GROUP, ETC.~DATE : WEDNESDAY, SEPTEMBER 14EVENT : WINE TASTING NETWORKINGLOCATION : WELLS FARGO CENTER~DATE : THURSDAY, SEPTEMBER 22EVENT : STATE OF THE ECONOMY AND MARKETSLOCATION : FREDRIKSON & BYRON~DATE: NOVEMBER 1 - NOVEMBER 4EVENT: THE ANNUAL CONFERENCELOCATION: THE WESTON BOSTON WATERFRONT - BOSTON, MA~DATE : THURSDAY, NOVEMBER 17EVENT : 20TH ANNUAL NETWORKING FOR CHARITYLOCATION : GOLDEN VALLEY COUNTRY CLUBSPONSORS: ALLIANCE MGMT, BOULAY, CAPITOL LIEN, INTEGRATED CONSULTING, LIGHTHOUSE MGMT, MITSUBISHI HC CAPITAL, SPECTRUM COMMERCIAL, SPENCER FANE, ETC.~DATE : THURSDAY, DECEMBER 1EVENT : WHAT TO EXPECT FOR ECONOMIC POLICY AFTER THE 2022 ELECTION LOCATION : DORSEY & WHITNEY~DATE : THURSDAY, DECEMBER 8EVENT : UGLY SWEATER CHARITY NETWORKING EVENTLOCATION : THE LOOP WEST END
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Schlitz Now Co-Chair | 1 | $0 | |
Charles Nelson Secretary/awards Chair | 1 | $0 | |
Daryl Mclinden Treasurer | 1 | $0 | |
Heather Rachel Membership Chair | 1 | $0 | |
Lesley Farmer Director | 1 | $0 | |
Matt Howe Communications Chair | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,577 |
| Total Program Service Revenue | $59,102 |
| Membership dues | $9,191 |
| Investment income | $17 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $103,887 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $72,959 |
| Total expenses | $95,459 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $170,832 |
| Other assets | $0 |
| Total assets | $170,832 |
| Total liabilities | $0 |
| Net assets or fund balances | $170,832 |