Association Management Companies Are Your Nonprofit's Path To Success
AMC Institute enjoyed a better-than-expected year with revenues topping $1.25 million in 2015, above the $1.15 million budgeted.
Michael Payne, executive vice president of SmithBucklin and the institute’s treasurer, said that expenses came in higher than budgeted, $1.21 million vs. $1.08 million, due to increased expenditures, including cost of a 2015 University of Utah study demonstrating that associations managed by AMCs on the whole perform better than associations not managed by AMCs.
The institute nevertheless enjoyed an annual surplus — $37,466, Payne said.
Payne showed a pie-chart slide indicating that the institute spent 57% of its money on “improving and building” the AMC model, 30% on “promoting” and 13% on “proving” the model.
“The money is going in the right direction,” he said.