Organizational Reviews & Assessments
Association Options: Comprehensive Organizational Assessments
Association Options is dedicated to offering thorough assessments of your organization and its future management requirements. We collaborate closely with your professional staff to gather essential data and insights, ensuring a holistic understanding of your needs.
To equip your organization with a clear understanding of various management models, their budgetary implications, and the advantages and disadvantages of each.
Areas of Review:
- Management Model Analysis
- Staffing Evaluation
- Vendor Agreement Overview
- Full-time Equivalent (FTE) Analysis
- Hourly Rate Benchmarking
- Operating Ratio Insights
- Comparative Structure Analysis of Similar Organizations
- Budgetary Comparisons
- Advantages and Disadvantages of Independent Management
- Association Management Company (AMC) Fee Assessment
Understanding AMC Relationships:
For organizations managed by an AMC, it’s crucial to periodically assess the relationship and associated fees. Conducting a management fee review every three years helps organizations refine their current management dynamics and align fees with industry standards.
Our assessments encompass:
- Detailed evaluation of management fees and staffing structures.
- Management model comparisons.
- Comprehensive volunteer and staff interviews.
- Hourly Rate Benchmarking: We benchmark your AMC’s average hourly rate against industry standards.
- Operating Ratio Analysis: We utilize the American Society of Association Executives’ Operating Ratios report to compare AMC fees with independently managed organizations.
- Salary Benchmarking: Leveraging industry-standard data and our expertise, we compare management fees against expected salaries for similar roles.
It’s the board’s fiduciary duty to ensure AMC fees align with industry benchmarks, fortifying the association-AMC relationship.
Management Models Overview:
- Self-Managed: Your organization employs all staff and infrastructure.
- AMC-Managed: An AMC provides all essential operational services.
- Hybrid-Managed: A blend of self-managed and AMC-managed models, often involving a core team supported by an AMC or other vendors.
We offer a detailed review of each model, from full-service AMC management to self-managed and hybrid options. Our findings are then presented to your board for an informed decision-making process.
At Association Options, our recommendations are based on facts and insights, not biases towards any particular model. We empower your organization with the information needed to make fiduciary decisions confidently.