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Search: Posts Made By: franklin_m
Showing results 1 to 21 of 21
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Forum: AMA Discussions
05-16-2021, 02:54 AM
Replies: 112
Views: 16,142
Posted By franklin_m

A quick search found this NRA independent audit...

A quick search found this NRA independent audit from 2017:
https://www.documentcloud.org/documents/4823792-NRA-Audit-FY-2017.html

Oh, and sure enough, the IRS also audited NRA. And look where...
Forum: AMA Discussions
01-21-2021, 03:50 AM
Replies: 112
Views: 16,142
Posted By franklin_m

EC continues to make decisions and set strategy...

EC continues to make decisions and set strategy based on flawed assumptions: (1) everyone loves flying toy planes as much as they do, and (2) that those who don't just haven't been exposed enough.
...
Forum: AMA Discussions
01-20-2021, 04:07 PM
Replies: 112
Views: 16,142
Posted By franklin_m

As promised, I dug into my numbers. There's 360...

As promised, I dug into my numbers. There's 360 individual entries, and I figure there's a mistake or two. Thank you for helping me find it. In the raw data for the assets info, I had the same number...
Forum: AMA Discussions
01-19-2021, 10:04 AM
Replies: 112
Views: 16,142
Posted By franklin_m

Still it's worth me double checking. If there's...

Still it's worth me double checking. If there's an error somewhere, I want to make sure it's fixed. If the numbers are different than yours, I want to understand why. Shoot me a PM of exactly what...
Forum: AMA Discussions
01-19-2021, 08:48 AM
Replies: 112
Views: 16,142
Posted By franklin_m

Just so there's no confusion. All of the data I...

Just so there's no confusion. All of the data I quote, and percentage changes based on them, are using constant same year inflation adjusted dollars. For example, I take the numbers of the 2001 IRS...
Forum: AMA Discussions
01-18-2021, 04:47 PM
Replies: 112
Views: 16,142
Posted By franklin_m

Hard to say, because so much depends on their...

Hard to say, because so much depends on their spending culture - and their willingness to make the hard decisions that (I argue) they needed to make two years ago. When your ED publishes an annual...
Forum: AMA Discussions
01-18-2021, 03:18 PM
Replies: 112
Views: 16,142
Posted By franklin_m

First, all of my calculations are based on...

First, all of my calculations are based on inflation adjusted numbers, so a dollar is a dollar is a dollar (note 1).

Second, the cumulative losses is just the magazines, and chart is labeled as...
Forum: AMA Discussions
01-18-2021, 01:00 PM
Replies: 112
Views: 16,142
Posted By franklin_m

While legally it is, AMA insists on keeping it...

While legally it is, AMA insists on keeping it behind the membership wall. Another trend I've noticed is regular application for filing extensions, which means the numbers don't even hit the IRS...
Forum: AMA Discussions
01-18-2021, 12:57 PM
Replies: 112
Views: 16,142
Posted By franklin_m

One data point, i.e. this year, does not suddenly...

One data point, i.e. this year, does not suddenly create a trend. The other big aberration is that AMA received a rather large infusion of cash thanks to PPP, which again makes one reluctant to see...
Forum: AMA Discussions
01-18-2021, 11:31 AM
Replies: 112
Views: 16,142
Posted By franklin_m

"Don't have access to the numbers yet?" And I...

"Don't have access to the numbers yet?" And I hate to break it to you, but the 2019 AMA IRS 990 PDF is ... wait for it ... ON THE AMA's WEBSITE ... behind the membership wall of course (despite it...
Forum: AMA Discussions
01-18-2021, 11:06 AM
Replies: 112
Views: 16,142
Posted By franklin_m

By every objective measure of financial...

By every objective measure of financial performance, it is a "crappy job." You have accomplished in three years what the previous EC took ten years to do - preside over a nearly 30% decline in...
Forum: AMA Discussions
01-18-2021, 08:49 AM
Replies: 112
Views: 16,142
Posted By franklin_m

Another very disturbing trend is the acceleration...

Another very disturbing trend is the acceleration of the decline in membership revenue. By inspection, it's obvious the slope of the line is much steeper since 2016 than in the years before that. But...
Forum: AMA Discussions
01-14-2021, 09:09 AM
Replies: 112
Views: 16,142
Posted By franklin_m

Thanks. It was a lot of up front work, building...

Thanks. It was a lot of up front work, building the spreadsheets to accept raw data and then adjust for inflation, but after that it was relatively easy to maintain. Once I have the latest year's 990...
Forum: AMA Discussions
01-14-2021, 03:29 AM
Replies: 112
Views: 16,142
Posted By franklin_m

On page five of the 2019 Annual report (link in...

On page five of the 2019 Annual report (link in my first post), the AMA told it's members:
"AMA successfully stopped a four-year decline in membership this year and maintained a steady...
Forum: AMA Discussions
01-13-2021, 01:03 PM
Replies: 112
Views: 16,142
Posted By franklin_m

See the “spin?” Use of "memberships," but no...

See the “spin?” Use of "memberships," but no indication of type, pay level. Meanwhile, the more fundamental question is why believe them at all.

Recall from my initial post is that in 2020 the ED...
Forum: AMA Discussions
01-13-2021, 08:17 AM
Replies: 112
Views: 16,142
Posted By franklin_m

ED and president love the foundation. Why?...

ED and president love the foundation. Why? Someone gives $100 to the AMA proper, and to spend it the way they want requires majority vote of EC ... say ten or so members. While here to fore they've...
Forum: AMA Discussions
01-13-2021, 03:56 AM
Replies: 112
Views: 16,142
Posted By franklin_m

Speaking of deficit spending, the AMA spent more...

Speaking of deficit spending, the AMA spent more than their revenue in each of the past five years, averaging $700,000 per year. They've been selling investments to fund this, which means less...
Forum: AMA Discussions
01-12-2021, 01:27 PM
Replies: 112
Views: 16,142
Posted By franklin_m

You can. The AMA defenders on this and other...

You can. The AMA defenders on this and other sites say if you “Just talk nicely to them (EC),” then you’ll have all sorts of success. However facts don’t bear that out, as multiple individuals asking...
Forum: AMA Discussions
01-12-2021, 12:01 PM
Replies: 112
Views: 16,142
Posted By franklin_m

FYI, I only have data going back to 1998. What we...

FYI, I only have data going back to 1998. What we saw before the 2002 dues hike was that membership revenue appeared to be relatively flat over a few years. Then look at behavior after the raised...
Forum: AMA Discussions
01-12-2021, 11:40 AM
Replies: 112
Views: 16,142
Posted By franklin_m

Reference some of the questions above with...

Reference some of the questions above with respect to membership number vs. revenue. Big picture, they're dying financially. Just look at the trends. In every area that matters, the trends are in the...
Forum: AMA Discussions
01-12-2021, 05:01 AM
Replies: 112
Views: 16,142
Posted By franklin_m

AMA's 2019 Tax filing - the financial implosion continues

I was able to find the 2019 AMA IRS 990 filing, finally, on a public website (note 1). It's in xml format, so I had to do word searches to find the fields, but I was able to add the AMA's 2019...
Showing results 1 to 21 of 21


 
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