Turnaround Management Association Southern California Chapter
Nonprofit profile at a glance
- EIN
- 954553818
- IRS 990-EZ coverage
- 2013–2024
- Forms available
- Form 990-EZ 2024
- Location
- Oak Park, CA, USA
- Phone
- 3103224020
- Rating
- 50
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $150,885
- Expenses
- $178,298
- Assets
- $229,863
- Liabilities
- $40,500
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- Michael Ozawa (Vice President)
People named in this filing
- Robert Riiska (Treasurer)
- Bobby Marticello (Communications Co-Chair)
- Michael Ozawa (Vice 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 purpose of the Turnaround Management Association - Southern California Chapter (the "Chapter") is:(A) To serve as a forum for convening professionals from all disciplines of the corporate renewal process to exchange information, ideas and knowledge on business revitalizations.(B) To promote high standards of practice and improved methodologies in turnaround management.(C) To foster professional development opportunities for turnaround executives, enhancing the necessary competencies for successful practice. (D) To serve as a clearinghouse of information and research pertinent to the turnaround business.(E) To promote the image of the Turnaround Management Association and those practicing in the revitalization of troubled businessess as professionals committed to the highest standard of practice.
What it reported doing in 2024
To promote the high standards of practice and improved methodologies in turnaround management, and to foster professional development opportunities for turnaround executives, enhancing the necessary competencies for successful practice.
Operating model
- Revenue model
- Donor-supported. 83% of the money available for current operations came from contributions and gifts.
- 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 program spending has grown recently. A relatively small share of available resources goes toward mission work and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 7
- Transparency & Controls: 100
- Sustainability: 34
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 10.8%; rating input score 11
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -18.2%; rating input score 9; 9th percentile among comparable filings
- Total-asset coverage ratio: 1.29; rating input score 68; 68th percentile among comparable filings
- Liabilities to assets ratio: 0.18; rating input score 19; 19th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 33.7% per year; rating input score 100; 86th percentile among comparable filings
- Revenue growth: 7.1% per year; rating input score 100; 57th percentile among comparable filings
- Asset growth: 10.6% per year; rating input score 100; 63rd percentile among comparable filings
Details
- Where the money goes: 10.8% of revenue deployed
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 11 filing years from 2013 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 11/100.
- High — Sustainability: Operating margin scored 9/100.
- High — Sustainability: Liabilities to assets ratio scored 19/100.