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04-28-2021 10:05 AM  15 days ago
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fliers1

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Lockport, NY

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AMA's financial troubles
Since the peak in 2003, in constant year dollars:
- Club fees are down 18 percent
- Sanctions down 6 percent
- Magazine revenue down 49 percent
- Membership revenue down 40 percent
- Total revenue down 31 percent
- Total assets down 49 percent
- Net assets down 44 percent

Expenses (note 1)
- Total expenses down 16 percent
- Program expenses down 32 percent

Meanwhile:
- Salaries UP 19 percent
- Executive compensation UP over 156 percent

If that's "value", I'd sure hate to see the opposite!

Note 1: Program expenses are directly related to core mission of organization. Total expenses are program expenses plus overhead. Note that total expenses are being cut at half the rate revenue is dropping (not good). Also note that program expenses (direct spending on core mission) are dropping at double the rate of total expenses. That means more and more of your AMA dollar is being consumed by overhead.

The only solution would be for everyone involved to help to sign up as many new members as possible. Safety in numbers. Membership is AMA's main revenue source.
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04-29-2021 12:59 AM  14 days ago
Rockin Bird

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St Gabriel, La

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Thats a good NOTE .That sweet smell of "Nitro"
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04-29-2021 12:53 PM  14 days ago
squirrel

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USA

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fliers1 The only solution would be for everyone involved to help to sign up as many new members as possible. Safety in numbers. Membership is AMA's main revenue source.
I am a life member of the AMA and intend on leaving them some money when I hit the dirt.
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05-01-2021 01:44 PM  12 days ago
wjvail

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Meridian, Mississippi

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fliers1 The only solution would be for everyone involved to help to sign up as many new members as possible. Safety in numbers. Membership is AMA's main revenue source.
Very nice post and same very useful data.

The only bit I might take exception to is your conclusion... There are a large number of choices other than taking in more money. Because I've been a member of the AMA for quite a while, I remember a time before the AMA published a magazine. I remember a time before they built a "national flying sight" and built the "national headquarters" in Indiana. I remember a time when the only paid positions were full time employees (i.e. office staff). In fact, I just Google the address printed on one of my earlier AMA cards - 815 Fifteenth St, N.W., Washington, D.C. 20005. It's only an office about 2 blocks from the White House.

As our hobby contracts, I wonder if the AMA doesn't need to do a little belt tightening too and possibly return to something closer to it's roots. There are always two options to balancing the books.

https://www.modelaircraft.org/histo...ect/ama-history

"Well, nothing bad can happen now."
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