I think you're correct on all accounts except for failing to mention the extreme importance in relationship building by the AD and president, with other university ADs and presidents, as an equally, if not more important condition of membership. I'm not sure they aren't working feverishly behind the scenes to build/maintain those relationships. As much as you believe that these memberships over the past 100 years were predicated on some dimensions that everyone had at membership time, you would be entirely incorrect.
IMO We have a management team that believes we have to take a final exam that will be given at some point in the future that will miraculously line up with a membership opening and their completion of some project milestones. Life almost never waits for the perfect point of entry. It takes initiative far beyond the outside measurements to succeed. Now again, if we simply screwed that up in the past, learned our lesson, and are now marketing ourselves out of view of this forum, that's perfectly acceptable. But, not to mention the importance of relationships in these specific conference elevation goals, is missing the largest aspect of the deal. The "T-Boone Pickens ship won't arrive in one man, on one day, in our case".
If anyone doubts my arguments regarding relationship building and marketing perseverance as the key to success, read the autobiographies of some of the world's most successful people (including T-Boone). Their success had absolutely nothing to do with taking a test only after they reached some financial or facilities plateau.