DONNELLY K. EURICH, CAE, CMP
FACILITATION | CONSULTING | TRAINING
Association Operational Audit
Most of your Board members will not have any knowledge of the financial profile of your association. Are expenses too high for your revenue base? Do you depend too much on your convention for operating revenue? Many association executives wrestle with their lack of financial training and struggle to explain financial trends to the Board or research how your association compares with others of similar size. We utilize ratios and trend analysis to determine where your association is headed and to spot trouble areas before they become major problems.
Do you have too many employees? Too few? What do your employees think about the association as a place to work? What is your member’s image of the association, board or Executive Director? How much does it cost you to serve each member?
By conducting an Operational Audit, you can spot positive and negative trends, explain to the Board how your income and expense structure measures up against similar associations, and determine strategies for increasing growth and net income.
This Operational Audit gives the Executive Director and Board a chance to look behind the scenes at operations, image and efficiency. We can help isolate positive and negative trends, teach your Board how your income and expense structure measures up against similar associations, and determine strategies for increasing growth and net income.
This Audit is an excellent tool for associations which have just hired a new Executive Director, are considering absorbing other groups, are expanding rapidly, or are being forced to cut back on services and personnel due to financial restrictions.