Identifying New Funding Opportunities: How One Society Chapter Weathered the Pandemic

A typical chapter of AMDA – The Society for Post-Acute and Long-Term Care Medicine relies on membership dues and state conference revenue to maintain its level of services. But, as we all know, there are risk factors that we often cannot control. From estimating the number of exhibitors or attendees, the amount of sponsorship income, or the impact of a deficit, the best hedge against these risks is to diversify your income streams so that in those years when the financial results are less than expected, the chapter has sufficient cash reserves to cushion the impact.