Turnaround Management Association

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 561903517 ✦ Charlotte, NC ✦ Designated as a 501(c)(6)

Shop smarter and support your favorite cause at the same time! With the Give Freely browser extension, you'll automatically save money with coupons, and partner stores will donate to your chosen charity - at no extra cost to you. Start giving back with a single click. It's safe, free, and spam-free, guaranteed!

Overview

What is Turnaround Management Association?

The Turnaround Management Association is a nonprofit organization, whose specific location or the number of employees haven't been provided. Their primary focus is on turning around underperforming or distressed companies, with the mission to contribute to the success of businesses, industries, and communities. Although the detailed activities or services provided by the organization aren't mentioned, it's clear that they aim to support companies in need of transformation and improvement.


Official website here: www.turnaround.org/carolinas

Is Turnaround Management Association legitimate?

Turnaround Management Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Turnaround Management Association submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Official website here: www.turnaround.org/carolinas

What is the mission statement of Turnaround Management Association?

The Turnaround Management Association, in its mission, strives to foster and promote turnaround management, restructuring, and distressed company recovery. It aims to advance best practices and professional development within the field through education, advocacy, and networking opportunities. The association serves as a platform for connecting professionals, providing resources, and sharing knowledge to help businesses in crisis. Furthermore, it offers various programs and services, including publications, conferences, and certifications, to empower its members with the necessary skills to successfully navigate challenging corporate situations.


Official website here: www.turnaround.org/carolinas

Who is the CEO of Turnaround Management Association?

Margaret Westbrook is the President of Turnaround Management Association.


Official website here: www.turnaround.org/carolinas

What is the revenue of Turnaround Management Association?

Turnaround Management Association's revenue in 2022 was $85,798.


Official website here: www.turnaround.org/carolinas

Who are the executives of Turnaround Management Association and what are their salaries?


Here are 17 key members and their salaries:


Margaret Westbrook (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rob Tramantano (President Elect)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jane Downey (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ben Riley (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Porter (Past President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Alfieri (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Beal (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Schilli (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Polancich (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Janson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Gilbert (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Keating (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ed Sanz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Sumner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Valle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry Younts (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.turnaround.org/carolinas

Where can I find the form 990EZ for Turnaround Management Association?

Turnaround Management Association's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.turnaround.org/carolinas

Learn more at the official website: www.turnaround.org/carolinas

Mission Statement of Turnaround Management Association

The Turnaround Management Association, as referred to in the provided information, does not appear to have a specific mission or activity description provided. Therefore, I am unable to summarize or paraphrase its mission at this time. I apologize for any inconvenience this may cause.

Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!

Impact




October, 2024

The Turnaround Management Association (TMA) has a significant impact on improving business performance and driving economic recovery. By providing a platform for professionals in turnaround management, TMA facilitates knowledge sharing, networking, and education tailored to addressing complex financial and operational challenges that organizations face.

Through its initiatives, TMA promotes best practices in corporate restructuring and turnaround strategies, helping distressed companies navigate crises and emerge stronger. The association fosters collaboration among its members, which includes professionals from various fields such as finance, law, and consulting, thereby enhancing their ability to deliver effective solutions.

In communities like Charlotte, North Carolina, TMA's efforts are vital to preserving jobs, maintaining business continuity, and contributing to local economic stability. The association not only empowers individuals and organizations involved in turnaround efforts but also plays a crucial role in overall community improvement through its focus on fostering resilient business environments.




This information is meant to be a general summary of Turnaround Management Association. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$85,798 (2022)
Expenses
$74,687 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $47,574
  • Gross Receipts: $85,798

Assets and Liabilities:

  • Total Assets: $97,169
  • Total Liabilities: $2,648
  • Net Assets: $94,521

Want to help this charity, for free? You can click here to learn more about Give Freely

Organization Details

Principal Officer

Margaret Westbrook

Main Address

6936 Huntfield Dr, Charlotte, NC, 28270

NTEE Category

Code: S41 - Community improvement

If you are a representative of Turnaround Management Association and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.