Benefits of an AMC
FAQs
What is an Association Management Company?
What are the benefits of partnering with an AMC versus having stand-alone staff?
What are the benefits of partnering with an AMC versus having stand-alone staff?
By partnering with IntrinXec, you will receive flexibility, efficiencies, experience and expertise that you cannot find with a small stand-alone staff. Here are just a few of the ways your organization will benefit by partnering with IntrinXec:
- Your leadership has access to staff members who are experts in various functions such as executive directors, database management, membership development, meeting planning, communications, accounting, fundraising, and much more.
- Our services are customized to meet your organization’s activity and service needs.
- We provide cost-effective solutions to personnel, equipment, facilities and other budget considerations. Working within a framework of shared resources, costs are shared across the board with other IntrinXec clients, increasing the resources and capabilities that are often lower in total cost over having your own stand-alone resources.
- Elimination of liabilities and responsibilities of direct employment. According to Hugh Webster, partner with Webster, Chamberlain & Bean in Washington, D.C., insurance companies report that as many as 80 percent of all claims against nonprofits are employment-related. In partnering with an AMC, employment practice liabilities shift to the AMC and remove the liability from the nonprofit volunteers.
Are there any tangible benefits to hiring an AMC?
In a recent study1 comparing similar organizations by size, type and scope up to $5M in annual operations, AMC-managed organizations enjoyed the following benefits over standalone organizations:
- Higher net profitability ratios
- Higher operating efficiency ratios
- Lower operating risk ratios
- More diverse revenue profiles
- Higher percentages of revenue spent on meetings, trade shows and educational activities for their members; and
A third less paid, on average, for staffing, occupancy and capital resources.
A second study2, which compared the effects of the current recession on representative samples of AMC-managed and standalone organizations, demonstrated that:
- The number of standalone organizations operating in deficit doubled between 2007 and 2008; and
- The number of AMC-managed organizations operating in deficit was largely unchanged for the same period.
Sources: 1 “AMC Managed and Standalone Organizations – A Sibling Study;” by: Michael T. LoBue, CAE, © 2009 AMC Institute; 2 “Are AMC-Managed Organizations Shielded from the Recession?;” by: Michael T. LoBue, CAE, © 2010 LoBue & Majdalany Management Group.
Recent News:
17 May 2012
IntrinXec Management Inc. Hires Maria Huntley, CAE, MANM as Education & Training Director.
read more »
25 April 2012
ASAE Licenses IntrinXec Management Inc. to Deliver New Certificate Program in Association Management.
read more »
13 April 2012
AMC managed organizations remain strong and profitable through the recession.
read more »
08 Mar. 2011
Jaime Nolan, CEO of IntrinXec Management, Inc. Elected 2012President of AMC Institute.
MINNEAPOLIS (February 27, 2012) - AMC Institute, the trade association representing the Association Management Company (AMC) industry, announced the 2012-2013 Board of Directors at its recent highly successful Annual Meeting at the Westin Mission Hills Resort & Spa in Rancho Mirage, California
read more »
Tweets
About
Our Services
Contact
952.252.3573 p
952.252.8096 f
info@intrinxec.com
5353 Wayzata Blvd. • Suite 350
Minneapolis, MN 55416
