Turnaround Management Association
- Company typePrivate
- Founded1988
- HeadquartersChicago, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Turnaround Management Association does
The Turnaround Management Association (TMA) is a 501(c)(6) nonprofit professional association founded in 1988 and headquartered at 300 South Wacker, Suite 2400, Chicago, Illinois. TMA serves nearly 10,000 members across 54 chapters worldwide (34 in North America), comprising turnaround practitioners (43% of membership), attorneys (20%), lenders and bankers/workout officers (14%), other restructuring professionals such as receivers, trustees, appraisers, and academics (20%), and investors (3%). Its mission is to strengthen the global economy by supporting professionals who help distressed businesses recover, and the association publishes the Journal of Corporate Renewal and offers networking, education, certification, and industry recognition.
TMA operates a membership-based revenue model with four tiered annual dues categories: Professional Member ($475/yr), NextGen for members 40 and under ($250/yr), Academic/Government ($125/yr), and Free Student membership. Revenue is generated from membership dues, three major annual conferences (TMA Annual Conference, TMA Distressed Investing Conference drawing ~1,000 attendees, and TMA NextGen Leadership Conference), regional and chapter events, Certified Turnaround Professional (CTP) certification application, exam and renewal fees, advertising, and a sponsorship/partner ecosystem of more than 15 firms including AlixPartners, Hilco Global, Gordon Brothers, CohnReznick, and Thompson Coburn LLP. Educational products include the TMA Restructuring Boot Camp, TMA Learning Link (on-demand), and TMA Turnaround Square for continuing education, alongside sub-brands TMA NextGen (under 40) and TMA NOW (Network of Women).
The association is led by CEO Christine Melendes (effective March 3, 2026) and Global Chair Rachael Smiley, governed by a Board of Trustees composed of member professionals. TMA has no parent company, no disclosed institutional investors, and no venture or private equity ownership; ownership is collective among its members. Operationally TMA maintains 51-100 employees, an event-driven and sales-led go-to-market, and chapters across North America plus international general membership in markets outside the chapter network.
Turnaround Management Association firmographics
Firmographics- Name
- Turnaround Management Association
- Legal name
- Turnaround Management Association
- Website
- https://turnaround.org
- Company type
- Private
- Founded year
- 1988
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
Where Turnaround Management Association is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Turnaround Management Association business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Membership Dues: Annual membership fees collected from professional members at $475/year, NextGen members at $250/year, and Academic/Government members at $125/year, with free student membership available.
- Event and Conference Revenue: Revenue generated from major conferences including the TMA Annual Conference, TMA Distressed Investing Conference, and TMA NextGen Leadership Conference, along with regional chapter events.
- Certification Fees: Fees for the Certified Turnaround Professional (CTP) designation program including application fees, examination fees, and annual renewal fees for designation holders.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Professional Member - Full professional membership with all benefits |
| Subscription | Annual | NextGen - For members 40 years and under |
| Subscription | Annual | Academic/Government - For academic and government professionals |
| Freemium | Annual | Full-Time Student - Free membership for students |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels8 records
Turnaround Management Association product offering
Product offeringCore offering
TMA is a professional membership association that provides networking, education, certification, and conference services to turnaround, restructuring, and corporate renewal professionals. The association operates a global network of 54 chapters serving nearly 10,000 members through tiered annual memberships, the Certified Turnaround Professional (CTP) certification program, the Journal of Corporate Renewal publication, an online member directory, and major conferences including the TMA Annual Conference, TMA Distressed Investing Conference, and TMA NextGen Leadership Conference.
Product overview
The Turnaround Management Association (TMA) operates as a professional association offering a unified membership-based platform rather than a commercial product. The core offering centers on TMA Membership, which provides access to professional networking, the CTP Certification program, local chapter events, and the Member Directory. Educational products include the CTP Certification pathway (with TMA Restructuring Boot Camp, TMA Learning Link On Demand, and TMA Turnaround Square for continuing education), while event products encompass the Annual Conference, TMA Distressed Investing Conference, and TMA NextGen Leadership Conference. The organization also publishes the Journal of Corporate Renewal, produces TMA Talks video content, and runs the TMA NOW (Network of Women) and TMA NextGen (Under 40) sub-brands for targeted member segments, all supported by a 54-chapter global network.
Differentiator
Problem solved
Functional benefit
Brands
- Certified Turnaround Professional (CTP): Professional certification program for turnaround and corporate renewal professionals administered by TMA's Certification Oversight Committee.
- Journal of Corporate Renewal
- TMA NextGen
- TMA Network of Women (TMA NOW)
Products and services
- TMA Membership Tiered annual professional membership in the Turnaround Management Association offering networking access to nearly 10,000 members across 54 chapters, member directory access, eligibility for the CTP certification pathway, conference registration discounts, the Journal of Corporate Renewal, and chapter-level engagement for turnaround and restructuring professionals.
- CTP (Certified Turnaround Professional) Certification Professional certification program for turnaround and corporate renewal professionals requiring application, examination, and ongoing continuing education, administered by TMA's Certification Oversight Committee with annual renewal fees for designation holders.
- TMA Restructuring Boot Camp Intensive in-person training program designed to prepare candidates for the CTP certification examination, offered as an add-on for members seeking professional development in turnaround and restructuring practice.
- TMA Learning Link / On Demand Online self-paced education platform providing on-demand courses and educational content for continuing professional development of turnaround and restructuring professionals.
- TMA Turnaround Square Continuing education platform offering professional development resources and on-demand content enabling members to maintain their CTP certification and advance their turnaround expertise.
- TMA Annual Conference Flagship annual conference bringing together turnaround professionals, attorneys, accountants, advisors, and investors for networking, education, and deal-making opportunities in the corporate restructuring industry.
- TMA NextGen Leadership Conference Annual leadership conference for members aged 40 and under, featuring networking, professional development, and a Boot Camp Add-On for participants pursuing CTP preparation.
- TMA Distressed Investing Conference Annual conference bringing together capital providers, attorneys, financial advisors, and restructuring professionals to deepen relationships, execute transactions, and generate insights into distressed investing and turnaround.
- Journal of Corporate Renewal Monthly professional trade publication (ISSN 1094-0472) published by TMA covering corporate renewal, turnaround management, and restructuring topics with industry insights and member thought leadership.
- Turnaround & Transaction of the Year Awards Annual industry awards program recognizing outstanding achievements in turnaround management, distressed investing, and corporate renewal transactions, including the Industry Hall of Fame and the TMA Chair's Award.
Quantifiable outcome
- Over 1,400 companies currently in business rescue in South Africa alone (February 2025 data)
Companies that use Turnaround Management Association
Customer profileNamed customers1 record
Segments5 records
Ideal customer profiles4 records
Turnaround Management Association technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Turnaround Management Association partnerships and signals
Strategic signalScale indicators4 records
Recent moves5 records
Expansion highlights6 records
Turnaround Management Association competitors and assessment
Company assessmentDirect peers
- Risk Management Association (RMA): Member-driven association serving commercial lending and credit risk professionals at banks. Comparable to TMA in serving the lender/workout officer segment (14% of TMA membership), with similar chapter network model, certification (Credit Risk Certification), and event-driven GTM.
- Association of Insolvency & Restructuring Advisors (AIRA): National membership organization for professionals serving in bankruptcy and restructuring cases. Directly comparable to TMA in serving turnaround advisors and restructuring professionals, with overlapping membership profiles and similar educational/certification programming.
- American College of Bankruptcy: Honor society and professional association for bankruptcy and insolvency attorneys and judges. Comparable to TMA in serving the attorney segment (20% of TMA membership), with a more selective/elective membership model focused on the legal side of restructuring.
- National Association of Credit Management (NACM): Trade association for commercial credit and collection professionals with affiliated trade credit groups. Overlaps with TMA's lender and workout officer segments in distressed receivables, workouts, and creditor-side restructuring, with a similar chapter-based membership model and education/certification programs.
- American Bankruptcy Institute (ABI): Premier U.S. multi-disciplinary membership organization for bankruptcy and insolvency professionals, including attorneys, turnaround professionals, accountants, and academics. Directly comparable to TMA in member profile, certification programs, and conferences, though more focused on bankruptcy litigation and the legal side of restructuring.
- Association for Corporate Growth (ACG): Global association for middle-market M&A, corporate development, and dealmaking professionals with 90+ chapters. Comparable to TMA in membership-driven structure, chapter network, conferences, and member profile of advisors, investors, and operators involved in corporate transactions including restructurings.
- INSOL International: Worldwide federation of national insolvency and restructuring associations and individual insolvency practitioners. Highly comparable to TMA as a global membership body serving restructuring professionals, with a more international and less U.S.-centric footprint.
- International Women's Insolvency & Restructuring Confederation (IWIRC): Network of women professionals in the restructuring and insolvency industry with global chapters. Comparable to TMA in serving the same professional community, with a focused demographic mission similar to TMA NOW, and overlapping member base in bankruptcy and turnaround practices.
Broad incumbents
- AICPA (American Institute of CPAs) Restructuring Section: National professional association for CPAs with a dedicated Reorganization & Restructuring Section. Comparable to TMA in serving the accountant and financial advisor segments of the restructuring profession, but operates as a broader professional body rather than a turnaround specialist.
- Financial Executives International (FEI): Professional association for senior financial executives (CFO, VP Finance, controllers). Broader incumbent that overlaps with TMA's turnaround practitioner and accountant members when those professionals serve in distressed or restructuring engagements, but FEI serves finance executives broadly rather than specializing in turnaround.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Turnaround Management Association social profiles
Digital presenceTurnaround Management Association financial estimates
Financial estimateRevenue estimate
Valuation estimate
Turnaround Management Association leadership team
Management profileNumber of profiles
Profiles7 records
Turnaround Management Association funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Turnaround Management Association M&A and investment
M&A and investmentM&A
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Turnaround Management Association
What does Turnaround Management Association do?
TMA is a professional membership association that provides networking, education, certification, and conference services to turnaround, restructuring, and corporate renewal professionals. The association operates a global network of 54 chapters serving nearly 10,000 members through tiered annual memberships, the Certified Turnaround Professional (CTP) certification program, the Journal of Corporate Renewal publication, an online member directory, and major conferences including the TMA Annual Conference, TMA Distressed Investing Conference, and TMA NextGen Leadership Conference.
Is Turnaround Management Association a public or private company?
Turnaround Management Association is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Turnaround Management Association founded?
Turnaround Management Association was founded in 1988. It employs 51 to 100 people.
Where is Turnaround Management Association based?
Turnaround Management Association is headquartered in Chicago, United States, in the North America region.
How does Turnaround Management Association make money?
Three revenue lines are on record. Membership Dues are the primary driver. The others are event and Conference Revenue and certification Fees.
Who are Turnaround Management Association's main competitors?
Direct peers on record are Risk Management Association (RMA), Association of Insolvency & Restructuring Advisors (AIRA), American College of Bankruptcy, National Association of Credit Management (NACM), American Bankruptcy Institute (ABI), Association for Corporate Growth (ACG), INSOL International and International Women's Insolvency & Restructuring Confederation (IWIRC). Broad incumbents are AICPA (American Institute of CPAs) Restructuring Section and Financial Executives International (FEI).
Does Turnaround Management Association have an API?
No public API is recorded for Turnaround Management Association.