Association Management Blog

The Association Scoreboard

Posted by Andy Freed on 10/20/14 7:00 AM

Every day, the Boston Globe sports section brings me a seemingly unending array of stats. I know how the New England Patriots perform on the road, in night games, in games after a loss, against certain opponents, you name it.  

But many organizations don’t have a comparable scoreboard. They’re playing the game, but not sure how to keep score. 

Just like in sports, there’s no end to the statistics that you can look at, but here’s my top three gauges on the association dashboard. 

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Topics: Association Management, Cash Reserve, Association Membership

Association Finance: How Much Cash Should You Have in Reserve?

Posted by Terry Lowney on 7/29/13 11:19 AM

I’m not quite old enough to have seen the television commercials for Fletcher’s Castoria children’s laxative when they aired in the ‘60s. They carried the memorable tag line “Better than Prunes.” The commercials asserted that Fletcher’s Castoria was better than prunes because Fletcher’s removed the guesswork: “are three prunes enough, are six too many?”

Okay, this is a strange segue into a key association finance topic, but as an association management company our clients do frequently ask us how much of a cash reserve they should have on hand. Are three months (of average operating expenses) enough; are six months too many?

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Topics: Starting an Association, Association Management, Cash Reserve, Finance, Association, Association Management Company

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CONTRIBUTORS


Andy Freed
President & CEO

Greg Kohn
Executive Vice President

Bruce Rogers
Founder & Chairman

Terry Lowney
Senior Vice President, COO

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