AMA EC Key Measures of Performance - Last 15yrs
02-07-2019, 11:24 AM
#1
Thread Starter
AMA EC Key Measures of Performance - Last 15yrs
I received my copy of the AMA's 2017 IRS 990 filing, and looked at a number of key performance indicators, what I submit are measures of the EC's performance, decision making, and financial strategy.
At what point is a wholesale change in leadership warranted?
Supporting detailed charts on subsequent posts
Note: All data comes from AMA's IRS 990 tax filings, public documents. Data was inflation adjusted to constant December 2017 dollars using US government Consumer Price Index (CPI) inflation adjuster (below). I picked December since AMA's fiscal year ends in December. For example, if AMA entered $200,000 on it's 2003 IRS 990, it was entered into the calculator as of December 2003 and converted to December 2017 dollars. Thus $200,000 on an 2003 AMA IRS 990 would be worth $267,524.69 in December 2017.
CPI Calculator: https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=200000&year1=200312&year2=201712
At what point is a wholesale change in leadership warranted?
Supporting detailed charts on subsequent posts
Note: All data comes from AMA's IRS 990 tax filings, public documents. Data was inflation adjusted to constant December 2017 dollars using US government Consumer Price Index (CPI) inflation adjuster (below). I picked December since AMA's fiscal year ends in December. For example, if AMA entered $200,000 on it's 2003 IRS 990, it was entered into the calculator as of December 2003 and converted to December 2017 dollars. Thus $200,000 on an 2003 AMA IRS 990 would be worth $267,524.69 in December 2017.
CPI Calculator: https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=200000&year1=200312&year2=201712
Last edited by franklin_m; 02-07-2019 at 12:32 PM.
02-07-2019, 08:42 PM
#7
Banned
It's fundamentally impossible for a business to continue for very long with numbers like these. It makes me wonder what isn't being revealed by Muncie?
Thing is, how many people here and other forums will continue to defend the actions of the AMA and act as if these numbers don't even exist?
And then they call us the haters.
Thing is, how many people here and other forums will continue to defend the actions of the AMA and act as if these numbers don't even exist?
And then they call us the haters.
02-08-2019, 01:23 AM
#9
Thread Starter
Here's another head scratcher: Model Aviation Magazine has lost over $25 million since 2003. I find it hard to believe that money could not have been better used elsewhere. Why hasn't the editor been fired? Why hasn't the entire sales staff been fired? Exactly how much of member's money do they have to lose in order to lose their jobs?
02-08-2019, 02:31 AM
#10
Here's another head scratcher: Model Aviation Magazine has lost over $25 million since 2003. I find it hard to believe that money could not have been better used elsewhere. Why hasn't the editor been fired? Why hasn't the entire sales staff been fired? Exactly how much of member's money do they have to lose in order to lose their jobs?
I wonder what they would do if it was THEIR money?
02-08-2019, 03:17 AM
#11
Thread Starter
02-08-2019, 03:37 AM
#12
Banned
It seems the membership is voting with their wallets.
I've seen the membership get spun up over far less than something like this. Yet a growing fiscal crisis and they all but ignore it. I don't get it? In the words of Wyane, "Are they Mental?"
I've seen the membership get spun up over far less than something like this. Yet a growing fiscal crisis and they all but ignore it. I don't get it? In the words of Wyane, "Are they Mental?"
02-08-2019, 04:01 AM
#14
Thread Starter
CFO issued the clarion call, and based on the minutes, it fell on deaf ears. It's abundantly clear that doing more of the same isn't working. It hasn't worked for the last five years, nor the last ten, nor the last 15. And the latest brilliant idea? Sell naming rights. Roads, ponds, etc. at Taj-Muncie. So let me get this straight ... they're idea to save AMA from financial dust heap is to sell naming rights for roads, ponds, and flight lines at a place where relatively few people go, and those who do already know of your products? It's not like it's an NFL stadium with hundreds of thousands a year. Many there for the first time. I cannot believe they are taking this seriously. But looking at their financial decisions over the past 15 years, I guess nothing should surprise me.
02-08-2019, 04:41 AM
#15
CFO issued the clarion call, and based on the minutes, it fell on deaf ears. It's abundantly clear that doing more of the same isn't working. It hasn't worked for the last five years, nor the last ten, nor the last 15. And the latest brilliant idea? Sell naming rights. Roads, ponds, etc. at Taj-Muncie. So let me get this straight ... they're idea to save AMA from financial dust heap is to sell naming rights for roads, ponds, and flight lines at a place where relatively few people go, and those who do already know of your products? It's not like it's an NFL stadium with hundreds of thousands a year. Many there for the first time. I cannot believe they are taking this seriously. But looking at their financial decisions over the past 15 years, I guess nothing should surprise me.
02-08-2019, 05:18 AM
#16
Banned
CFO issued the clarion call, and based on the minutes, it fell on deaf ears. It's abundantly clear that doing more of the same isn't working. It hasn't worked for the last five years, nor the last ten, nor the last 15. And the latest brilliant idea? Sell naming rights. Roads, ponds, etc. at Taj-Muncie. So let me get this straight ... they're idea to save AMA from financial dust heap is to sell naming rights for roads, ponds, and flight lines at a place where relatively few people go, and those who do already know of your products? It's not like it's an NFL stadium with hundreds of thousands a year. Many there for the first time. I cannot believe they are taking this seriously. But looking at their financial decisions over the past 15 years, I guess nothing should surprise me.
Perhaps their end game is NOT what we think it should be?
And the kicker is, this has obviously involved several elected AMA Administrations. Making whatever is going on a long running conspiracy.
Last edited by Appowner; 02-08-2019 at 05:20 AM.
02-08-2019, 06:37 AM
#18
I have to question if they have the necessary insight to realize that they are the likely cause of the end of the organization. They have controlled the development of the Executive Council in order to only allow like-minded individuals to rise in power. Now it is run entirely by sycophants and any hope for a change in direction is all but impossible.
Who ran the old S.F.A.? Maybe it is time for a resurgence?
Who ran the old S.F.A.? Maybe it is time for a resurgence?
02-08-2019, 06:56 AM
#19
Banned
While I would support a resurgence, unfortunately the originator/owner of the SFA dropped dead of heart failure during a years long legal battle with the AMA. The AMA then went after his widow.
02-08-2019, 07:04 AM
#20
02-08-2019, 07:16 AM
#21
Banned
I have to question if they have the necessary insight to realize that they are the likely cause of the end of the organization. They have controlled the development of the Executive Council in order to only allow like-minded individuals to rise in power. Now it is run entirely by sycophants and any hope for a change in direction is all but impossible.
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But the question is why don't they care? What is motivating them to totally disregard the health and well fare of the AMA? Something is going on!
02-08-2019, 07:43 AM
#22
Sounds to me like the EC is following the business model being used by the CEO of Sears Holdings. When Sears was "acquired" by K Mart, a company coming out of a bankruptcy, in an $11,000,000,000 deal in November 2004, it was a thriving company, relatively speaking. The CEO of K Mart, a company that was on the verge of failing, somehow became the CEO of the new corporation. Over the past 14+ years, the corporation has been forced to close hundreds of stores, sell off assets and is now millions of dollars in the red, all of which is being financed through a hedge fund that is operated by the CEO. The CEO is taking home $1 per year as a salary but is making millions through the earnings of his hedge fund while he milks the again failing company for everything he can get out of it. Does this sound familiar?
Last edited by Hydro Junkie; 02-08-2019 at 07:46 AM.
02-08-2019, 08:00 AM
#23
Banned
Any NEW organization would have to be very, very careful to ensure nothing about them can be claimed to having any connection, reference to or influence from the AMA.
And Hydro, the gentleman's name that comes to my mind is Ponzi.
The CFO has raised the fiscal alarm. So far the EC seems to be ignoring it. What will we see next? Will the CFO simply fade away? Or will he take his warnings to the membership in editorials? And if so, how long will he last? And will any of this accelerate the decline?
And what will the EC's next action be regarding fiscal issues? Sell off some assets? Raise dues? Nothing?
And the reactions of the faithful? Especially those who ignore facts and simply argue like the facts don't exist?
And Hydro, the gentleman's name that comes to my mind is Ponzi.
The CFO has raised the fiscal alarm. So far the EC seems to be ignoring it. What will we see next? Will the CFO simply fade away? Or will he take his warnings to the membership in editorials? And if so, how long will he last? And will any of this accelerate the decline?
And what will the EC's next action be regarding fiscal issues? Sell off some assets? Raise dues? Nothing?
And the reactions of the faithful? Especially those who ignore facts and simply argue like the facts don't exist?
02-12-2019, 10:09 AM
#24
Did anyone else get one of these? My card is blocking it, but I`m pretty sure the dues have gone up to $84.00 a year. I`ve misplaced my copy that I got in the mail, but sent them this one.
Last edited by Stickslammer; 02-12-2019 at 10:13 AM.
