Turnaround Management Association Inc
Turnaround Management Association Inc maintains stable assets and zero liabilities with fluctuating but generally balanced revenues and expenses.
EIN: 133976490 · Stratford, CT · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $479K |
| Total Expenses | $410K |
| Program Spending | 75% |
| CEO/Top Officer Pay | $500,000 |
| Net Assets | $690K |
| Transparency Score | 70/100 |
Is Turnaround Management Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Turnaround Management Association Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Turnaround Management Association Inc
Turnaround Management Association Inc (EIN: 133976490) is a nonprofit organization based in Stratford, CT. The organization reported total revenue of $479K and total assets of $781K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Turnaround Management Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Turnaround Management Association Inc is a small nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $423K |
| Total Expenses | $410K |
| Surplus / Deficit | +$13K |
| Total Assets | $690K |
| Net Assets | $690K |
| Operating Margin | 3.1% |
| Months of Reserves | 20.2 months |
Financial Health Grade: A
In 2023, Turnaround Management Association Inc reported a surplus of $13K with revenue exceeding expenses, holds 20.2 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Turnaround Management Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.8% | -7.8% | +1.9% |
| 2022 | +23.3% | +95.0% | -11.2% |
| 2021 | +18.5% | +6.1% | +9.1% |
| 2020 | -38.9% | -48.0% | +4.6% |
| 2019 | -18.4% | -11.1% | -1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Turnaround Management Association Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Turnaround Management Association Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $13K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership may be entirely volunteer-based or compensated through non-officer roles, which is unusual for an organization with nearly $500,000 in annual revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Turnaround Management Association Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
- Consistent 0% officer compensation without further explanation for an organization of this size
Strengths
The following positive indicators were identified for Turnaround Management Association Inc:
- Consistent asset growth over the past decade, from $395,675 in 2014 to $781,218 currently
- Zero reported liabilities across all filing periods, indicating strong financial solvency
- Generally balanced budget with expenses often close to or below revenue, as seen in 2023 ($423,385 revenue vs. $410,230 expenses)
Frequently Asked Questions about Turnaround Management Association Inc
Is Turnaround Management Association Inc a legitimate charity?
Turnaround Management Association Inc (EIN: 133976490) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $479K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Turnaround Management Association Inc spend its money?
Turnaround Management Association Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Turnaround Management Association Inc tax-deductible?
Turnaround Management Association Inc is registered as a tax-exempt nonprofit (EIN: 133976490). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Turnaround Management Association Inc CEO make?
Turnaround Management Association Inc's highest-compensated officer earns $500,000 annually. The organization reported $479K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Turnaround Management Association Inc's spending goes to programs?
Turnaround Management Association Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Turnaround Management Association Inc located?
Turnaround Management Association Inc is headquartered in Stratford, Connecticut and files with the IRS under EIN 133976490.
How many years of IRS 990 filings does Turnaround Management Association Inc have?
Turnaround Management Association Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $479K in total revenue.
What are the specific program activities and their associated costs?
The provided data does not detail specific program activities or their costs, making it difficult to assess the direct impact of the organization's spending on its mission.
How does Turnaround Management Association Inc manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests a volunteer-driven leadership model or that compensation for key personnel is categorized differently, which warrants further investigation for complete transparency.
What is the organization's strategy for managing revenue fluctuations?
Revenue has fluctuated significantly, from a low of $246,064 in 2020 to a high of $514,653 in 2017. The organization appears to manage these fluctuations by adjusting expenses, often operating near break-even, but a clear strategy is not evident from the data.
Filing History
IRS 990 filing history for Turnaround Management Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Turnaround Management Association Inc's revenue has grown by 159.6%, moving from $163K to $423K. Total assets increased by 135.3% over the same period, from $293K to $690K. Total functional expenses rose by 295.9%, from $104K to $410K. In its most recent filing year (2023), Turnaround Management Association Inc reported a surplus of $13K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $423K | $410K | $690K | $0 | — | View 990 |
| 2022 | $359K | $445K | $677K | $0 | — | View 990 |
| 2021 | $292K | $228K | $763K | $0 | — | View 990 |
| 2020 | $246K | $215K | $699K | $0 | — | — |
| 2019 | $403K | $414K | $668K | $0 | — | View 990 |
| 2018 | $493K | $466K | $680K | $0 | — | View 990 |
| 2017 | $515K | $404K | $652K | $0 | — | View 990 |
| 2016 | $392K | $379K | $542K | $0 | — | View 990 |
| 2015 | $347K | $416K | $396K | $0 | — | View 990 |
| 2014 | $347K | $416K | $396K | $0 | — | View 990 |
| 2013 | $247K | $83K | $465K | $0 | — | View 990 |
| 2012 | $138K | $128K | $301K | $0 | — | View 990 |
| 2011 | $163K | $104K | $293K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $423K, expenses of $410K, and assets of $690K (revenue +17.8% year-over-year).
- 2022: Revenue of $359K, expenses of $445K, and assets of $677K (revenue +23.3% year-over-year).
- 2021: Revenue of $292K, expenses of $228K, and assets of $763K (revenue +18.5% year-over-year).
- 2020: Revenue of $246K, expenses of $215K, and assets of $699K (revenue -38.9% year-over-year).
- 2019: Revenue of $403K, expenses of $414K, and assets of $668K (revenue -18.4% year-over-year).
- 2018: Revenue of $493K, expenses of $466K, and assets of $680K (revenue -4.2% year-over-year).
- 2017: Revenue of $515K, expenses of $404K, and assets of $652K (revenue +31.4% year-over-year).
- 2016: Revenue of $392K, expenses of $379K, and assets of $542K (revenue +13.0% year-over-year).
- 2015: Revenue of $347K, expenses of $416K, and assets of $396K (revenue +0.0% year-over-year).
- 2014: Revenue of $347K, expenses of $416K, and assets of $396K (revenue +40.1% year-over-year).
- 2013: Revenue of $247K, expenses of $83K, and assets of $465K (revenue +78.7% year-over-year).
- 2012: Revenue of $138K, expenses of $128K, and assets of $301K (revenue -15.1% year-over-year).
- 2011: Revenue of $163K, expenses of $104K, and assets of $293K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Turnaround Management Association Inc:
Data Sources and Methodology
This transparency report for Turnaround Management Association Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.