TMA’s growth in numbers and accomplishments in fulfilling its mission of membership service and management excellence is impressive. This timeline provides a perspective on how far TMA has come and how it is positioned for dramatic growth in the future.

1987

June 25
Kenan Institute meeting of turnaround practitioners that is the genesis of TMA is held.

September 22
Follow-up Turnaround Practitioners’ Conference at the Kenan Institute attracts 40.

View a list of TMA’s founding members

1988

January 20
TMA is incorporated in North Carolina.

May 16-17
First TMA seminar, "Corporate Decline—Problems and Resolutions," at Kenan Institute at the University of North Carolina at Chapel Hill.

September 18-20
First Annual Conference: "Corporate Renewal: A Strategy for the 1990s," Arlington, Virginia.

1990
First Directory of Members and Services published.

May 10
TMA’s Board Room Series: "Managing in the Bankruptcy Environment," New York.

1991

First seven chapters established: Atlanta, Baltimore (Chesapeake), Boston (Northeast), Chicago, Los Angeles (Southern California), New York City, and Texas (Dallas/Ft. Worth).

Connecticut Chapter becomes eighth chapter when it is spun off from New York City Chapter.

Board of Directors adopts TMA’s Code of Ethics.

1992

TMA International headquarters moves to Chicago.

Membership surpasses 1,000.  

1993

Houston, Montreal, New Jersey, and Toronto Chapters established.

Certified Turnaround Professional (CTP) established; Professor Harland Platt, Northeastern University, appointed faculty dean.

TMA Awards Program launched.

Nancy Davis hired as first staff member in Chicago.

1994

Nine chapters are established: Carolinas, Cincinnati and Cleveland (Ohio), Detroit, Central and South Florida (Florida Chapter), Phoenix (Arizona), Pittsburgh, and San Francisco (Northern California).  

First CTP exam given during the Spring Leadership Conference, Jacksonville, Florida; 24 CTPs earn credentials.

1995

Northwest Chapter is established.

Cornerstone Program established to fund education through corporate sponsorships.

Chairman John Wm. "Jack" Butler Jr. testifies on TMA’s behalf before the National Bankruptcy Review Commission.

1996

Tennessee Chapter established.

Membership exceeds 2,000.

1997

TMA launches turnaround.org.

1998

Five chapters established: Long Island, Louisiana, Minneapolis (Upper Midwest), St. Louis (Missouri), and Upstate New York

Loan Officers Training Course is launched.

Journal of Corporate Renewal magazine launched.

October
10th Anniversary Annual Conference, Chicago

"Turnaround of the Year, International," added to TMA Awards Program.

Membership hits 3,000.

1999

TMA’s Academic Advisory Council is founded.

"Turnaround of the Year, Pro Bono," category added to TMA Awards Program.

First Toronto Symposium held.

2000

United Kingdom Chapter established.

Membership surpasses 4,000.

First Northwest Cross-Border Conference held.

Linda M. Delgadillo, CAE, becomes TMA Executive Director.

2001

Colorado (Rocky Mountain) and Central Texas Chapters established.

TMA publishes first Annual Report, "2001 Year in Review."

John Wm. "Jack" Butler Jr. and Martin J. McKinley receive first Chairman’s Awards

2002

Branding initiative launched.

First Great Lakes Regional Conference held.

Membership exceeds 5,000.

2003

Australia and France Chapters established.

Cornerstone 15 board-designated endowment fund and Carl Marks Student Paper Competition both launched.

Membership exceeds 6,000.

2004

First Australia Conference held.

Butler-Cooley Excellence in Teaching Awards established.

Japan Chapter established.

2005

Southern African and Taiwan Chapters established.

Transaction of the Year Awards categories added to TMA Awards Program.

First Northeast Regional Conference held.

TMAssist created to help Gulf Coast businesses devastated by Hurricane Katrina.

2006

Finland, Germany, and Nevada Chapters established.

First Southeast Regional Conference held.

New licensing system for international chapters launched.

2007

Czech Republic, Italy, Netherlands, and Spain Chapters established.

First Distressed Investing Conference and MidAmerica Regional Conference held.

Membership reaches 8,000.

2008

First TMA Europe Conference held.

First 10 inductees named to the industry Hall of Fame established to mark TMA’s 20th anniversary; former TMA chairmen designated honorary members.

2009

Brazil and Sweden Chapters established.

Membership reaches 9,000.

First Western Regional Conference held.

2010

Troubled Loan Workouts and 13-week Cash Flow online courses are created.

A Facebook page and a members-only Linked In group are established.

Membership management system installed and integrated with online and internal systems.

2011

Hong Kong, Ireland, and Romania Chapters established.

New governance structure implemented to concentrate decision-making authority in a 22-member Executive Board with input from 90-plus member Board of Trustees.

Gregory J. Fine, CAE, joins TMA as CEO.

2012

Digital versions of the Journal of Corporate Renewal introduced, online at tmajcr.org and through apps for all smartphone platforms.

TMA Institute, a new comprehensive education system centered around online courses, announced.

Inaugural NextGen Leadership Meeting held in New York City, drawing 40 up-and-coming leaders representing 15 chapters.

2013

Certification program fully integrated into TMA, and Certified Turnaround Analyst (CTA) credential added.

Singapore Chapter established.

New conference format, The TMA Senate, replaces Spring Conference.