Turnaround Management Association Mn Chapter C/o Daryl Mclinden

Nonprofit profile at a glance

EIN
411911072
IRS 990-EZ coverage
2010–2024
Forms available
Form 990-EZ 2024
Location
Chanhassen, MN, USA
Phone
9522409747
Rating
43
Verdict
MIXED
Rating confidence
Moderate
Sector
Boards of Trade

Official website

Reported finances

Revenue
$124,851
Expenses
$112,861
Assets
$195,318
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • HEATHER RACHEL (PRESIDENT)

People named in this filing

  • CHARLES NELSON (SECRETARY/AWARDS CHAIR)
  • DARYL MCLINDEN (TREASURER)
  • HEATHER RACHEL (PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

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.

What it reported doing in 2024

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 : thursday, january 18event : silicon valley bank presentationlocation : ids conference center~date : wednesday, january 24event : get to know tma breakfastlocation : st. Louis park~date : february 6-9event : distressed investment conferencelocation : las vegas~date : thursday, february 29event : how to sell real estate in three easy stepslocation : minneapolis club~date : tuesday, march 19event : march madness happy hourlocation : the loop west end~date : march 17 - april 8event : 2nd annual charity ncaa bracketlocation : various~date : april 7-9event : midamerica regional conferencelocation : grand rapids~date : thursday, may 9event : annual twins networking eventlocation : target field~date : may 16event : tma now summitlocation : chicago~date : wednesday, june 5event : get to know tma breakfastlocation : st. Louis park~date : wednesday, june 12event : member & sponsor appreciationlocation : union rooftop~date : wednesday, june 26event : annual networking on the decklocation : brookview golden valley~date : thursday, july 18event : annual golf/networking eventlocation : crystal lake golf club~date : july 25event : next gen leadership conferencelocation : toronto~date : thursday, august 15event : partner event w/feilocation : canterbury park~date : tuesday, september 10event : get to know tma breakfastlocation : st. Louis park~date : tuesday, september 10event : theranos, the story unfoldslocation : minneapolis club~date : wednesday, october 2event : 2024 chapter award celebration & networking eventlocation : minneapolis club~date : october 15-18event : annual conferencelocation : philadelphia~date : thursday, october 24event : annual bod planning meeting/luncheonlocation : manny's steakhouse~date : thursday, november 7event : annual networking for charitylocation : golden valley country club~date : tuesday, november 12event : island wines of the mediterraneanlocation : wells fargo center~date : thursday, november 21event : the art of the possiblelocation : minneapolis~date : wednesday, december 4event : ugly sweater/networking for charitylocation : the loop west end

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.

The verdict

MIXED - The filed numbers largely add up and total assets are large relative to annual expenses, but may not be spendable cash. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 8
  • Transparency & Controls: 82
  • Sustainability: 66
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 11.8%; rating input score 12
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 9.6%; rating input score 57; 57th percentile among comparable filings
  • Total-asset coverage ratio: 1.73; rating input score 76; 76th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: -3.6% per year; rating input score 0; 21st percentile among comparable filings
  • Revenue growth: 2% per year; rating input score 100; 31st percentile among comparable filings
  • Asset growth: 3.3% per year; rating input score 100; 39th percentile among comparable filings

Details

  • Where the money goes: 11.8% of revenue deployed
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 12/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Sustainability: Operating margin scored 57/100.