by Association Acumen | Oct 23, 2023 | Acumen Blog, Association Management, Budget & Finance, Leadership
By Edith Chavez and Kassie Davis Everyone today seems to be operating on a tight budget and associations are no exception. While organizations want to continue providing benefits to the members and striving towards their mission, they need to think about their...
by Betsy Smith, CPA, MST | Feb 27, 2023 | Acumen Blog, Association Management, Budget & Finance
Assessing & Managing Financial Risk Some organizations struggled during the pandemic if they were unable to pivot to virtual conferences and educational programming, while others worked hard to successfully provide members and stakeholders with meaningful...
by Kassie Davis | Jun 17, 2021 | Budget & Finance
An organization’s financial statements provide an overview of the general financial health of an association at any given time of the year. Financial statements provide updated summaries for the previous month and year-to-date progress and can be used to compare your...
by Suzanne Fedie, CAE | Jun 10, 2021 | Acumen Blog, Budget & Finance
It should come as no surprise that, according to the ASAE Research Foundation’s latest Association Impact Survey (February-March 2021), “Association leaders’ top challenges in 2021 continue to be related to managing the financial aspects of their organizations...
by Caley Mutrie, CAE, IOM | Feb 28, 2021 | Association Management, Budget & Finance
Associations have faced and overcome many challenges this past year from the global pandemic and its related effects. Central to this has been the need to maintain and build revenue. This past year, associations have continued to prove their capacity to adapt and...
by Lori Conaway, CAE | Apr 17, 2020 | Acumen Blog, Budget & Finance, Case Studies
Background When Association Acumen began managing the Wisconsin Academy of PAs (WAPA), the organization was unsure of its financial position. Financial reports were sporadic or incomplete and communication was infrequent. Board members found themselves working...
