Sammamish Rowing Association Agenda Welcome SRA Mission Role of the Board Financial Review 2018 Review Fleet Modernization Board Election Q&A Annual Meeting Sammamish Rowing Association

To be a national role model in community rowing through purposeful inclusion and excellence in action Mission Sammamish Rowing Association Annual Meeting

Role of the Board of Directors Governance, policy, oversight of executive director Board engages on the health and mission of the organization through focus areas and board committees Executive Director Responsible for operations and all operational decision making Board Focus areas in 2019 Business continuity and fiscal responsibility Continuation of the Fleet Modernization program Better communication with members via new committees Improvement of internal processes: HR handbook and continuing education for coaches Committees Development, Equipment, Executive, Finance, Safety, Strategic Planning, Junior Parent, technology Role of the Board of Directors Sammamish Rowing Association Annual Meeting

Financial Review Sammamish Rowing Association Annual Meeting Cash as of 12/31/2018 Account Balance Checking $145,849 Equipment $47,763 New Boathouse $30,577 Stock $119 Money Market (reserves and more) $1,605 Undergrounding Reserve $150,000 Contingency Reserve $50,000 Equipment Reserve (for emergency replacement) Truck Reserve $20,000 Boat Trailer Reserve $10,000 Interest/Charges $5 Total Ending Cash Balance $505,898 * Increases to reserves will be voted on at the February board meeting (proposal: equip +$10k, truck +$5k, trailer +$2k) Loan Balance $83,134 Financial Review Sammamish Rowing Association Annual Meeting

Financial Review Revenue Comparison Actual 2017 Actual 2018 Total Fundraising Revenue $172,419 $247,522 Operations Program Fees – Juniors $800,607 $863,489 Program Fees - Adult $329,781 $410,621 Boat Storage $27,789 $22,331 Independent Rowing Card $19,044 $12,175 Regatta Income not included in fees $29,581 $6,395 Other (RFAD, private lessons, interest) $10,747 $5,941 Membership $82,948 $1,830 1 Total Operating Revenue $1,300,498 $1,322,782 Total Revenue $1,473,002 $1,570,304 1 – Starting in 2018 the membership fees were rolled into team fees Financial Review Sammamish Rowing Association Annual Meeting

Financial Review Expense Comparison Actual 2017 Actual 2018 Operations Program Expenses $840,032 $1,069,454 Facility Expenses 1 $122,662 $168,411 Equipment 2 $184,494 $47,067 Loan Payment $56,236 $25,572 WA State B&O Tax $5,921 $6,396 Total Operating Expense $1,209,345 $1,316,900 Equipment (Buy/Sell) $ --- 2 $194,888 Fundraising Expenses $31,542 $28,308 Boathouse Improvements $12,355 $13,262 Total Expenses $1,253,242 $1,553,358 1 - Higher in 2018 as two years of insurance were paid due to bill timing. 2 - As of 2018, boat purchases are now recorded separately from smaller equipment purchases such as oars, cox boxes, etc. Financial Review Sammamish Rowing Association Annual Meeting

2018 Review Non-compensation staff benefits Continuation of the fleet modernization plan: replacing 63 boats minimum from 2017 – 2023. In 2018 we purchased 7 new boats and are on track with the plan Sold one 8+ and one 4+/x Non-compensation staff benefits Professional development through the University of Washington Center for Leadership in Athletics and Positive Coaching Alliance Added parental leave and PTO in accordance with WA legislation Started the Polar Bear 5k Run for solely for scholarship funding Over $30K in scholarship assistance. 2018 Review Sammamish Rowing Association Annual Meeting

In 2018 the equipment committee devised a fleet modernization strategy with the mission to provide a fleet that ensures a consistent, high quality experience for all rowers at SRA To limit the maximum boat age to 7 years To standardize on one vendor for best purchasing power and ease of maintenance To make fleet management and costs sustainable for future rowers Adequate fundraising will be critical to achieve this goal. In 2018 we exceeded fundraising and equipment purchasing goals. To complete the fleet modernization, SRA must raise $1.1M between 2017 and 2023. Currently on track at ~25% completion with 14 new boats purchased for $260K. Fleet Modernization 2018 - 2023 Sammamish Rowing Association Annual Meeting

Board Election The Process Board | seeks candidates from across SRA, nominates new directors, appoints the President and Immediate Past President Annual Meeting | members vote on acceptance of the nomination for new and/or renewing board directors Annual Meeting | members vote on acceptance of the nomination for board officers Board Election Sammamish Rowing Association Annual Meeting

First, a huge thank you to our Board members who are leaving! Rob Relyea Steve Buckley Board Departures Sammamish Rowing Association Annual Meeting

Board Director Election Three-year term, ending January 2022 Nominees Dee Walker – 5am rower Alice Detwiler – sculling, alumni parent Scott Winter (re-election) – 5am rower Paul Colvin (re-election) – ECM, alumni parent Leslie Moser (re-election) – 5am rower Tony Andrews (re-election after a one-year term) – alumni parent, sculling, independent rower Board Director Election Sammamish Rowing Association Annual Meeting

Board Officer Election One-year term, expiring January 2020 Nominees President | Dee Walker – 5am rower Vice President | John Kelly – 5am rower, junior parent Treasurer | Jennifer Teschke – 5am rower Secretary | Jocelyn Hamilton – ECM rower Staff Liaison | Scott Winter – 5am rower Past President | Leslie Moser – 5am rower Board Officer Election Sammamish Rowing Association Annual Meeting

2019 Board of Directors Board Officers President | Dee Walker – 5am rower Vice President | John Kelly – 5am rower, junior parent Treasurer | Jennifer Teschke – 5am rower Secretary | Jocelyn Hamilton – ECM rower Staff Liaison | Scott Winter – 5am rower Past President | Leslie Moser – 5am rower Board Directors Paul Colvin – ECM rower, alumni parent Tony Andrews – alumni parent, sculling, independent rower Heidi Kelly – junior parent, mid-morning rower Jocelyn Hamilton – ECM rower Tanya Bumstead – junior parent, mid-morning rower Andy Lynch – junior parent, 5am rower, independent rower Bill Spencer – alumni parent Sunrise Swanson-Williams – middle school parent Jennifer Teschke – 5am rower Alice Detwiler – sculling, alumni parent 2019 Board of Directors Sammamish Rowing Association Annual Meeting

Q&A See you at the SRA Gala on February 23!