OVERVIEW: After adding 990 tax return data for 2010 to the original study, we learned that organizations managed by AMCs essentially left the Great Recession behind in 2009, returning to pre-recession operating levels of performance in 2010. Conversely, standalone organizations were still struggling to recover from the recession. We also learned more about the whys of these trends. Basically, the AMC-model was more adept at adjusting expenses to match revenue.
IMPLICATION: The AMC management model demonstrated flexibility and suppleness in the alignment of expenses and revenues during the Great Recession that simply could not be matched by organizations that employ their own staff and operational resources.