article thumbnail

Protecting Critical Association Revenue Streams: Managing the Risks of Event Cancellation Insurance

Association Adviser

In many cases, annual conventions and trade shows represent the most significant revenue-generating opportunities of the year for associations. These special events are of the utmost importance to any association that relies on this revenue stream. What is event cancellation insurance? Types of coverage. Event insurance rates.

Revenue 70
article thumbnail

How will COVID-19 impact event insurance?

Association Success

Associations who recognize their bottom lines will take a huge hit from lost revenue they anticipated from their annual conference are rethinking their positions on event cancellation insurance. Checking that box when doing your due diligence for the most important revenue line of your annual budget has to be done.

Revenue 159
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Need More Non-Dues Revenue?

Association Adviser

Tino Mantella, who has guided the Technology Association of Georgia (TAG) to a seven-fold increase in revenue and a 500-percent boost in membership since taking the helm in 2004 observed that “the more you can run like a business, the more you can impact the not-for-profit world.” Improving revenue consistency and forecasting.

Revenue 60
article thumbnail

MTI's Story: Harnessing Community to Digitally Transform

Higher Logic

Wondering how your association can stay relevant, effectively connect with younger members, save staff time, increase revenue, and boost retention? Before MTI adopted an online community, it was short on staff, didn’t have an AMS, and its revenue was decreasing. 2600% revenue growth in 14 years. We’ll let MTI tell you.

Revenue 207
article thumbnail

Is Your Nonprofit Tax Status at Risk?

Wild Apricot

Up to 25% of American nonprofits – charities, trade associations and membership groups – will lose their tax-exempt status at midnight on May 15, when the provisions of a 2006 federal bill kick in.

New York 150
article thumbnail

The Key to Taking Risk in 2014 is Non-Dues Revenue

Tom Morrison

There is a lack of innovation, seeking out member''s business needs, and listening for those things that could be huge drivers to member engagement, expanded revenues, and rising net worth. After the 2009 economic bust, every non-profit should be doing everything it can to enhance revenue streams to build its reserve funds.

Revenue 40
article thumbnail

Steve Jobs and the Focus of the CEO

Jamie Notter

The product starts valuing the great salesmen, because they’re the ones who can move the needle on revenues, not the product engineers and designers. The phrase that jumps out at me is “they’re the ones who can move the needle on revenues.” There’s nothing wrong with moving the needle on revenues of course.

Revenue 70