Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1990.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
25 people listed on the 990; $791K paid to officers and key staff.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Scott Y Stuart | $452,295 | — | — | — | — |
| Scott Stuart | — | $438,414 | $382,366 | $317,138 | $306,426 |
| Thomas P Jurczak | — | $159,045 | $150,060 | $28,035 | — |
| Jodi Talley | $112,194 | $128,698 | $132,801 | $106,615 | — |
| Stacey Williams | — | — | $128,763 | $102,230 | $107,021 |
| Laura Caputo | — | — | $118,705 | $112,304 | $114,218 |
| Thomas Jurczak Ends 92524 | $118,587 | — | — | — | — |
| Eddy McNeil | — | — | $116,922 | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Promotes corporate renewal and turnaround management through international trade.
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The association promotes the many facets of the turnaround industry through public forums, traditional communication pieces and web-based offerings, while also providing educational and networking opportunities through its periodical, journal of corporate renewal and other miscellaneous publications and newsletters.
The association holds five global conferences annually which include tma annual meeting, distressed investing conference, network of women (now) global conference, nextgen leadership conference and tma global international symposium for educational programs to improve methodologists in turnaround management and provide networking…
The assocation provides certification to professionals in the turnaround industry. National on-line education programs are offered, and an examination program is in place for certification.
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $327K | $442K |
| InvestmentsLn 11–13 | $5.5M | $4.7M |
| Land, buildings, equipmentLn 10c | $539K | $542K |
| Total assetsLn 16 | $7.7M | $7.1M |
| LiabilitiesLn 26 | $3.2M | $3.5M |
| Net assetsLn 32 | $4.5M | $3.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $617K | |||
| Pay of disqualified personsLn 6 | $1.2M | |||
| Pension plan contributionsLn 8 | $32K | |||
| Other employee benefitsLn 9 | $127K | |||
| Payroll taxesLn 10 | $119K | |||
| Legal feesLn 11b | $48K | |||
| Investment management feesLn 11f | $14K | |||
| Other fees for servicesLn 11g | $826K | |||
| Advertising and promotionLn 12 | $325 | |||
| Office expensesLn 13 | $74K | |||
| Information technologyLn 14 | $400K | |||
| OccupancyLn 16 | $158K | |||
| TravelLn 17 | $525K | |||
| Conferences, conventions and meetingsLn 19 | $1.6M | |||
| InterestLn 20 | $42K | |||
| Payments to affiliatesLn 21 | $61K | |||
| Depreciation, depletion and amortizationLn 22 | $112K | |||
| InsuranceLn 23 | $55K | |||
| Other expenses (24a–d)Ln 24 | $2K | |||
| Total functional expensesLn 25 | $6.1M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $5.4M | $6.1M | −$645K | $3.6M | 990 PDF |
| FY2023 | $5.1M | $5.2M | −$117K | $4.5M | 990 PDF |
| FY2022 | $4.8M | $5.1M | −$224K | $4.1M | 990 PDF |
| FY2021 | $4.6M | $4.4M | $223K | $5.6M | 990 PDF |
| FY2020 | $4.1M | $4.5M | −$417K | $5.1M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $5,434,030 revenue, 12 lines filed
Part VI · Governance 21 of 21 board members independent, no flags
Part VIII · Statement of revenue $5,434,030 across 4 lines filed
Part IX · Statement of functional expenses $6,079,258 across 19 lines filed
Part X · Balance sheet $7,144,402 assets, 17 lines filed
Part XI · Reconciliation of net assets $3,625,163 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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