Why an AMC?

The What and Why of Choosing an Association Management Company (AMC)

What is an Association Management Company (AMC)?
What are the benefits of Partnering with an AMC vs. Stand-Alone Staff?
What are the Tangible Benefits to Hiring and AMC?
What is the AMC Institute Accreditation?
Other questions? Let us know.
What is an Association Management Company (AMC)?

Association Management Companies are professional service firms that provide executive, administrative, and financial management; strategic planning; membership development; education and professional development; statistical research; meetings management; and marketing and communication services. AMCs serve as strategic advisors and consultants and provide management and headquarters services to thousands of international, national, regional, state and local organizations representing more than $3.4 billion in annual activity.

What are the benefits of Partnering with an AMC vs. 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 managers, membership development, meeting planning, communications, accounting, fundraising, and much more.
  • Our services can be 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 for an association 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.
What are the Tangible Benefits to Hiring and AMC?

According to recent studies, 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.
What is the AMC Institute Accreditation?

AMC Institute is recognized by the American National Standards Institute (ANSI) as the developer of the AMC Standard. With more than 500 AMCs worldwide, the AMC/ ANSI Standard serves as the basis for the AMC Accreditation Program. In order for an AMC to become accredited, they are required to undergo an independent review by a third-party CPA. The importance of this independent review is to verify that the AMC actively follows and has policies and procedures in place to support all areas identified in the Accreditation Program.

Earning accreditation through the AMC Institute is an enormous accomplishment and demonstrates an AMC’s commitment to consistent, high quality service. It shows that an AMC has developed comprehensive quality control systems, giving assurance to volunteer leaders searching for the right AMC. IntrinXec is proud to be an AMC Institute Accredited firm since 2004.

IntrinXec Management, Inc. is proud to be AMCI accredited. Learn more about what that means for your association.

AMCI

Other questions? Let us know.

Other Questions?

IntrinXec Management, Inc.
5353 Wayzata Blvd. • Suite 350
Minneapolis, MN 55416
952.252.3573
952.252.8096
LinkedIn
RSS

#XPERTINSIGHTS

Don’t Let Too Many People Kill Your Re-branding

So, you have decided your organization’s brand is in need of a refresh. One of the first questions that may come to mind is, whom from your organization do you involve? Should it be the board, a committee, a task force or maybe even the entire membership? It is here that I ask you to…
Read More

Three Easy Steps For a Stronger Voice in Government Relations

Starting a grassroots legislative campaign for your association doesn’t have to be daunting. Here are three easy steps to get you started: Identify the Issues If the strategic plan you created at the beginning of the year included creating a stronger voice in government relations, but you feel like this task is overwhelming, start with…
Read More
100 Best

Named to 100 Best Companies to Work For 2018

IntrinXec Management, Inc. is proud to be named to the 100 Best Companies to Work by Minnesota Business for 2018, making this the 6th year in a row! This award recognizes Minnesota’s top companies and, time after time, helps the winners attract key employees who make all the difference. The “100 Best” were determined by…
Read More

OUR CLIENTS

What our clients have to say:

Ready to work with us?

Menu