TMA Fact Sheet

The Turnaround Management Association (www.turnaround.org) is the only international non-profit association dedicated to corporate renewal and turnaround management. Its international headquarters is in Chicago.

Established in 1988, TMA has more than 9,000 members in 46 chapters, including 32 in North America, and one each in Australia, Brazil, the Czech Republic, Finland, France, Germany, Italy, Japan, the Netherlands, Southern Africa, Spain, Sweden, Taiwan and the UK, with a chapter in formation in Hong Kong/China.

TMA members are a professional community of turnaround and corporate renewal professionals who share a common interest in strengthening the economy through the restoration of corporate value. They include:

  • 45% -- Turnaround practitioners who consult with or participate in helping troubled companies in the recovery process, including interim corporate managers, financial and operating advisors, accountants
  • 15% -- Lenders and Bankers/Workout Officers
  • 14% -- Attorneys
  • 10% -- Investors, including equity investors, investment bankers, venture capitalists
  • 16% --  Other related professionals, including receivers, appraisers, trustees, auctioneers/liquidators, factors, academics, government/judges

All TMA members must sign a Code of Ethics each year specifying high standards of professionalism, integrity, and competence. TMA’s Certified Turnaround Professional (CTP) program recognizes professional excellence and provides an objective measure of expertise related to workouts, restructurings and corporate renewal. Applicants for certification must meet stringent standards of education, experience and professional conduct, pass a comprehensive examination and maintain the credential through continuing education credits.

TMAssist is a public service program originally formed to aid businesses affected by the 2005 Gulf Coast hurricanes through workshop presentations and educational materials. In 2008, 75 volunteers helped plant irises in New Orleans City Park to revitalize the lagoon as part of TMA’s 20th Anniversary Celebration.

The Journal of Corporate Renewal, TMA Annual Report, and Web site (www.turnaround.org) are TMA’s principal publications.

The 2010 TMA International meetings include the Distressed Investing Conference in Las Vegas, January 27-29; the Spring Conference in New York, April 20-22; and the Annual Convention in Orlando, October 6-8. TMA chapters also will hold several regional conferences in 2010.

Since 1993, TMA has recognized outstanding achievements by chapters and individual members at its Annual Convention. The Turnaround of the Year Awards began in 1996; the Carl Marks Student Paper Competition in 2003; the Butler-Cooley Excellence in Teaching Awards in 2004; and in 2005, the Transaction of the Year Awards. TMA established the Turnaround Management, Restructuring and Distressed Investing Industry Hall of Fame in 2008 and inducted 10 icons at the TMA 20th Anniversary Celebration.

TMA’s principal spokespersons for the corporate renewal industry are 2010 Chairman Patrick C. Lagrange, managing director at Carl Marks Advisory Group LLC in New York City and 2010 President Lisa M. Poulin, CTP, managing partner with CRG Partners Group, LLC in Bethesda, Maryland. For more information or to request an interview, contact Public Relations Manager Michele Drayton, (312) 578-2043, mdrayton@turnaround.org.