Nonprofit · EIN 36-3998240
CHICAGOMIDWEST CHAPTER OF THE TURNAROUND MANAGEMENT ASSOCIATION
Also known as CHICAGO-MIDWEST CHAPTER
Tax-exempt · MOKENA, IL 60448
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,258,609 | $1,265,825 | -$7,216 | $1,548,783 | $442,374 | $1,106,409 |
| December 31, 2024 | 990 | $1,247,804 | $1,012,502 | $235,302 | $1,591,948 | $488,168 | $1,103,780 |
| December 31, 2023 | 990 | $1,149,356 | $1,046,378 | $102,978 | $1,357,175 | $490,725 | $866,450 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $41,625
- Membership dues
- $36,625
- Program service revenue
- $1,201,033
- Investment income
- $14,700
- Other revenue
- $1,251
Expenses
- Grants and similar amounts paid
- $40,112
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $31,548
Balance sheet and other
- Total assets, start of year
- $1,591,948
- Total assets, end of year
- $1,548,783
- Total liabilities, end of year
- $442,374
- Net assets, end of year
- $1,106,409
- Net assets without donor restrictions
- $1,106,409
- Gross receipts
- $1,258,609
- Employees
- 0
- Volunteers
- 21
- Year formed
- 1992
- State of legal domicile
- IL
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 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID LEVY | PRESIDENT Trustee or director, Officer | 4 | $0 |
| SANDY PRABHAKAR | PRESIDENT-ELECT Trustee or director, Officer | 3 | $0 |
| MARK SILVERMAN | VP COMMUNICATIONS Trustee or director, Officer | 3 | $0 |
| PAUL MUSSER | VP EDUCATION Trustee or director, Officer | 3 | $0 |
| KOBUS VAN DER ZEL CTP | VP MEMBERSHIP Trustee or director, Officer | 3 | $0 |
| JAMIE COTE | VP PROGRAMS Trustee or director, Officer | 3 | $0 |
| KEVIN TAVAKOLI | TREASURER Trustee or director, Officer | 3 | $0 |
| ERIN WEST | SECRETARY Trustee or director, Officer | 3 | $0 |
| JACK O'CONNOR | IMMEDIATE PAST PRESIDENT Trustee or director, Officer | 3 | $0 |
| GAIL HELDKE | DIRECTOR Trustee or director | 1 | $0 |
| KEVIN KRAKORA | DIRECTOR Trustee or director | 1 | $0 |
| ANGELA ALLEN | DIRECTOR Trustee or director | 1 | $0 |
| VIRGINIA GEORGE | DIRECTOR Trustee or director | 1 | $0 |
| SAMMY RUBEN | DIRECTOR Trustee or director | 1 | $0 |
| CATALIN DIACONU | DIRECTOR Trustee or director | 1 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK SILVERMAN | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL BOYER | DIRECTOR Trustee or director | 1 | $0 |
| TINA HUGHES CTP | DIRECTOR Trustee or director | 1 | $0 |
| ALEX BOEREMA | DIRECTOR Trustee or director | 1 | $0 |
| ROB MEYERS | DIRECTOR Trustee or director | 1 | $0 |
| JIM KEANE | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 20 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JACK O'CONNOR | PRESIDENT Trustee or director, Officer | 4 | $0 |
| DAVID LEVY | PRESIDENT-ELECT Trustee or director, Officer | 3 | $0 |
| KOBUS VAN DER ZEL CTP | VP COMMUNICATIONS Trustee or director, Officer | 3 | $0 |
| PAUL MUSSER | VP EDUCATION Trustee or director, Officer | 3 | $0 |
| TINA HUGHES CTP | VP PROGRAMS Trustee or director, Officer | 3 | $0 |
| SANDY PRABHAKAR | TREASURER Trustee or director, Officer | 3 | $0 |
| ERIN WEST | SECRETARY Trustee or director, Officer | 3 | $0 |
| KAT PARKER | IMMEDIATE PAST PRESIDENT Trustee or director, Officer | 3 | $0 |
| JASON EDELSON | DIRECTOR Trustee or director | 1 | $0 |
| JAMIE COTE | DIRECTOR Trustee or director | 1 | $0 |
| AARON HAMMER | DIRECTOR Trustee or director | 1 | $0 |
| JIM TRANKINA | DIRECTOR Trustee or director | 1 | $0 |
| GAIL HELDKE | DIRECTOR Trustee or director | 1 | $0 |
| KEVIN KRAKORA | DIRECTOR Trustee or director | 1 | $0 |
| ANGELA ALLEN | DIRECTOR Trustee or director | 1 | $0 |
| VIRGINIA GEORGE | DIRECTOR Trustee or director | 1 | $0 |
| SAMMY RUBEN | DIRECTOR Trustee or director | 1 | $0 |
| CATALIN DIACONU | DIRECTOR Trustee or director | 1 | $0 |
| MARK SILVERMAN | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL BOYER | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAT PARKER | PRESIDENT Trustee or director, Officer | 4 | $0 |
| JACK O'CONNOR | PRESIDENT-ELECT Trustee or director, Officer | 3 | $0 |
| TINA HUGHES CTP | VP COMMUNICATIONS Trustee or director, Officer | 3 | $0 |
| ALEX BOEREMA | VP EDUCATION Trustee or director, Officer | 3 | $0 |
| DAVID LEVY | VP PROGRAMS Trustee or director, Officer | 3 | $0 |
| SANDY PRABHAKAR | TREASURER Trustee or director, Officer | 3 | $0 |
| MICHAEL BOYER | SECRETARY Trustee or director, Officer | 3 | $0 |
| MICHAEL BRANDESS | IMMEDIATE PAST PRESIDENT Trustee or director, Officer | 3 | $0 |
| GAIL HELDKE | DIRECTOR Trustee or director | 1 | $0 |
| JEFF HYLAND | DIRECTOR Trustee or director | 1 | $0 |
| BRYAN UELK | DIRECTOR Trustee or director | 1 | $0 |
| VIRGINIA GEORGE | DIRECTOR Trustee or director | 1 | $0 |
| AMY AYRES | DIRECTOR Trustee or director | 1 | $0 |
| MARK MELICKIAN | DIRECTOR Trustee or director | 1 | $0 |
| NICK MILLER | DIRECTOR Trustee or director | 1 | $0 |
| LEAH GISTENSON | DIRECTOR Trustee or director | 1 | $0 |
| JASON EDELSON | DIRECTOR Trustee or director | 1 | $0 |
| LARRY FOX CTP | DIRECTOR (THRU OCT-2023) Trustee or director | 1 | $0 |
| AARON HAMMER | DIRECTOR Trustee or director | 1 | $0 |
| JIM TRANKINA | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 19250 EVERETT LN STE 103, MOKENA, IL 60448-8964
- In care of
- % LAWRENCE M ADELMAN
- Principal officer (990 for 2025)
- KEVIN TAVAKOLI, 19250 EVERETT LANE STE 103, MOKENA, IL 60448
- Signed the 990
- KEVIN TAVAKOLI, TREASURER
- Phone
- (815) 469-2935
- Website
- WWW.CHICAGO.TURNAROUND.ORG
- Return prepared by
- SASSETTI LLC
Mission
THE ASSOCIATION PROMOTES A PROFESSIONAL COMMUNITY OF TURNAROUND AND CORPORATE RENEWAL PROFESSIONALS WHO SHARE A COMMON INTEREST IN STRENGTHENING THE ECONOMY THROUGH THE RESTORATION OF CORPORATE VALUE AND IS DEDICATED TO THE PROMOTION OF HIGH PRACTICE STANDARDS AND EXCHANGE OF INFORMATION.
Program accomplishments
- EVENTS HELD TO PROMOTE THE TURNAROUND MANAGEMENT ASSOCIATION MIDWEST CHAPTER WHICH ALLOWS MEMBERS AND EVENT GUESTS TO NETWORK AND OBTAIN NEW INFORMATION ON THE TURNAROUND INDUSTRY.
- MEMBER PROGRAMS, INCLUDING THE CHAPTER BREAKFAST, EVENING AND SENIOR LEADER CONTINUING EDUCATION PROGRAMS. PROGRAMS SERVE CHAPTER MEMBERSHIP AND OTHER PROFESSIONAL AND FINANCIAL ADVISORS IN THE CORPORATE TURNAROUND INDUSTRY.
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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 36-3998240
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,548,783
- Income (IRS master file)
- $1,258,609
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,258,609 | $1,265,825 | $1,548,783 | XML |
| 990 | December 2024 | $1,247,804 | $1,012,502 | $1,591,948 | XML |
| 990 | December 2023 | $1,149,356 | $1,046,378 | $1,357,175 | XML |
| 990 | December 2022 | $1,100,551 | $1,185,002 | $1,100,240 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | 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 36-3998240).
Questions about CHICAGOMIDWEST CHAPTER OF THE TURNAROUND MANAGEMENT ASSOCIATION
- What is the EIN of CHICAGOMIDWEST CHAPTER OF THE TURNAROUND MANAGEMENT ASSOCIATION?
- The employer identification number (EIN) of CHICAGOMIDWEST CHAPTER OF THE TURNAROUND MANAGEMENT ASSOCIATION is 36-3998240.
- Is CHICAGOMIDWEST CHAPTER OF THE TURNAROUND MANAGEMENT ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1997.
- Are donations to CHICAGOMIDWEST CHAPTER OF THE TURNAROUND MANAGEMENT ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CHICAGOMIDWEST CHAPTER OF THE TURNAROUND MANAGEMENT ASSOCIATION 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 CHICAGOMIDWEST CHAPTER OF THE TURNAROUND MANAGEMENT ASSOCIATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHICAGOMIDWEST CHAPTER OF THE TURNAROUND MANAGEMENT ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CHICAGOMIDWEST CHAPTER OF THE TURNAROUND MANAGEMENT ASSOCIATION?
- The 990 for the year ended December 31, 2025 names KEVIN TAVAKOLI.
- Who are the officers and directors of CHICAGOMIDWEST CHAPTER OF THE TURNAROUND MANAGEMENT ASSOCIATION?
- The 990 for the year ended December 31, 2025 lists 21 people; 0 received compensation from the organization.
- How much revenue does CHICAGOMIDWEST CHAPTER OF THE TURNAROUND MANAGEMENT ASSOCIATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,258,609, expenses of $1,265,825 and total assets of $1,548,783 at year end.
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