Nonprofit · EIN 41-1911072
TURNAROUND MANAGEMENT ASSOCIATION MINNESOTA CHAPTER
Tax-exempt · CHANHASSEN, MN 55317
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $124,851 | $112,861 | $11,990 | $195,318 | $0 | $195,318 |
| December 31, 2023 | 990-EZ | $123,635 | $111,139 | $12,496 | $183,328 | $0 | $183,328 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $53,427
- Membership dues
- $5,100
- Program service revenue
- $67,231
- Investment income
- $2,355
- Net income from fundraising events
- -$3,262
Expenses
- Grants and similar amounts paid
- $15,000
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $97,861
Balance sheet and other
- Total assets, start of year
- $183,328
- Total assets, end of year
- $195,318
- Total liabilities, end of year
- $0
- Net assets, end of year
- $195,318
- Cash, savings and investments
- $195,318
- Gross receipts
- $136,892
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES NELSON | SECRETARY/AWARDS CHAIR | 1 | $0 |
| DARYL MCLINDEN | TREASURER | 1 | $0 |
| HEATHER RACHEL | PRESIDENT | 1 | $0 |
| LESLEY FARMER | DIRECTOR | 1 | $0 |
| MATT HOWE | CO-CHAIR COMMUNICATIONS | 1 | $0 |
| ROGER MALDONADO | CO-CHAIR NEXT GEN & COMM | 1 | $0 |
| IAN RUBENSTRUNK | CHAIR PROGRAMMING | 1 | $0 |
| PATRICK FINN | CO-CHAIR MEMBERSHIP | 1 | $0 |
| STEVE KINSELLA | CO-CHAIR NEXT GEN | 1 | $0 |
| ERIN BRYAN | CHAIR, NOW | 1 | $0 |
| JIM CECIL | DIRECTOR | 1 | $0 |
| RYAN BAKER | CO-CHAIR, SPONSORSHIP | 1 | $0 |
990-EZ for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AMANDA SCHLITZ | NOW CO-CHAIR | 1 | $0 |
| CHARLES NELSON | SECRETARY/AWARDS CHAIR | 1 | $0 |
| DARYL MCLINDEN | TREASURER | 1 | $0 |
| HEATHER RACHEL | PRESIDENT | 1 | $0 |
| LESLEY FARMER | DIRECTOR | 1 | $0 |
| MATT HOWE | CO-CHAIR COMMUNICATIONS | 1 | $0 |
| ROGER MALDONADO | CO-CHAIR NEXT GEN & COMM | 1 | $0 |
| IAN RUBENSTRUNK | CO-CHAIR PROGRAMMING | 1 | $0 |
| PATRICK FINN | CO-CHAIR MEMBERSHIP | 1 | $0 |
| RYAN TURBES | CHARITABLE GIVING CHAIR | 1 | $0 |
| STEVE KINSELLA | CO-CHAIR NEXT GEN | 1 | $0 |
| TOM KELLY | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 7321 HILLSDALE CT, CHANHASSEN, MN 55317-7548
- In care of
- % DAVID STEICHEN
- Signed the 990-EZ
- DARYL MCLINDEN, TREASURER
- Phone
- (952) 240-9747
- Website
- WWW.TURNAROUND.ORG
- Return prepared by
- SDK CPA
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.
Program accomplishments
- 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 ENDgrants $15,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 41-1911072
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S46)
- Assets (IRS master file)
- $195,318
- Income (IRS master file)
- $136,892
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $124,851 | $112,861 | $195,318 | XML |
| 990-EZ | December 2023 | $123,635 | $111,139 | $183,328 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1911072).
Questions about TURNAROUND MANAGEMENT ASSOCIATION MINNESOTA CHAPTER
- What is the EIN of TURNAROUND MANAGEMENT ASSOCIATION MINNESOTA CHAPTER?
- The employer identification number (EIN) of TURNAROUND MANAGEMENT ASSOCIATION MINNESOTA CHAPTER is 41-1911072.
- Is TURNAROUND MANAGEMENT ASSOCIATION MINNESOTA CHAPTER tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2002.
- Are donations to TURNAROUND MANAGEMENT ASSOCIATION MINNESOTA CHAPTER tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does TURNAROUND MANAGEMENT ASSOCIATION MINNESOTA CHAPTER file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TURNAROUND MANAGEMENT ASSOCIATION MINNESOTA CHAPTER due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TURNAROUND MANAGEMENT ASSOCIATION MINNESOTA CHAPTER last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of TURNAROUND MANAGEMENT ASSOCIATION MINNESOTA CHAPTER?
- The 990-EZ for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
- How much revenue does TURNAROUND MANAGEMENT ASSOCIATION MINNESOTA CHAPTER have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $124,851, expenses of $112,861 and total assets of $195,318 at year end.
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