thank you! teamwork outline finance - david walker audit committee - britt lovin dues task force -...
TRANSCRIPT
THANK YOU!
TEAMWORK
Outline
• Finance - David Walker
• Audit Committee - Britt Lovin
• Dues Task Force - Lloyd Robinson
• GAWDA U Online - Kent Van Amburg
• Young Executives - Richelle Smith-Brecht
Financial Overview
• Audit Results
• Strong Balance Sheet
• Reserves
• Revenues
Financial Overview
• Fiscal Year To Date
• Change To Calendar Year
• Consolidation
• Consultant Savings
Definition of Audit
• Began as part of the Strategic Plan with Boardin Phoenix, May 2007
• Adopted by full Board September 2007
• Last audit was done 2001
• Formed Task Force (Britt, Jenny, David, Jack, Phil)
• Board set as formal committee in Chicago 2008
• Members are President-Elect, 1st Vice President,
Treasurer, At-Large Distributor and At-Large Supplier
• 4 areas to evaluate• Consultants not under contract &/or contract out of date
1. Consultants
2. Dues Structure
3. Budgeting Process
4. Association Management
• Fact driven
• Business approach
1. Consultant Revamping
a. Evaluation457 responses to surveyPurpose of member survey was to assess use, satisfaction, and importance of consultants
b. Surveyed 3 Groups 1. GAWDA membership 2. Other associations 3. Consultants
Many associations eliminated their consultants
Oversight of Financial and Contractual Issues
1. Utilization by Members
2/3 of members utilized consultants88% distributors have a need for safety/dot49% distributors indicated consultants as primary reason for membershipMike Dodd most used by members
2. Perceived Performance
Mike Dodd scored highest
Survey of Members - Outside Firm
1. Survey Results
BreakdownDistributors 299 / 65%Suppliers 158 / 35%
CategoriesDistributors Suppliers3m< 10% 3m< 12%3-25m 31% 3-25m 10%>25m 23% >25m 11%
Join Date1960 & Before 23%1961 to 1989 51%1990 to 2007 23%
Internal - Committee Members
1. .2. Financial Considerations
2005 cost $334,2592006 cost $450,2422007 cost $400,1772008 cost $368,569 * projected2009 cost $267,000 * budget
One year terms (1st year hybrid) (2009)
Internal - Committee Members
1. .2. .3. Discussions with Consultants
• Told them what we were doing• Q&A individually and together• Defined scope of services
Contracting1. Requests for Proposals Ask each to submit proposals based on scope of services
2. Evaluation of Alternatives Committee calls Phone calls to each consultant with Q & A Offers and counter offers
Clarification of offers
Internal - Committee Members
1. .2. .3. Discussions with Consultants (cont.)
Outcomes:
1. Rick Schweitzer – Government Affairs/HR2. Mike Dodd – DOT/Safety3. Tom Badstubner - FDA/Medical4. TAP Resources - Operations5. David Irving - Insurance6. Mike Degan – Fumes7. Joe Ellers - Sales
Internal - Committee Members
Cost Savings
2007/08: $ 31,6082008/09: $101,569
Self perpetuatingAssigned to a committeeMust report contacts under uniform reporting systemOne year contracts
Through This We Will Be a Better Association
Q & A 1:30 to 2:30 in Imperial Ballroom H & I
Summary
WINSTON CHURCHILL
“CHANGE IS THE PRICE OF SURVIVAL”
Equity and Fairness
• Significant member concern
• Will increase in consolidation effect benefits?
• Are mega distributors paying fair share?
• Should number of categories be changed?
Equity and Fairness
• 80% of members below $10M
• $100M members not paying fair share
• Handling Dual Members (Distributor/Supplier)
• Equity of base dues for suppliers
Maintain Revenue
• Insures viability of GAWDA
• Maintain revenue with additional consolidations
• Distributor Programs-Consultants, GAWDA-U
• Strong and successful regional meetings
• Supplier Programs-Contact Booths at meetings
• Supplier access to membership and networking
Proposed Changes
• Change from fiscal to calendar year
• 14 months for price of 12 in 2009
• Across the board percentage increase
• Distributor side change from 10-18 levels
• Smaller distributors between 2-5% increase
• 30% increase for distributors over $100M
Proposed Changes
• Supplier side floor for access/participation
• Supplier side less than $5M --$1500/yr
• Supplier side change from 10-15 categories
Proposed Changes
AWISCO gets 28% increase to show fairness
In Conclusion
• Sustained Benefits
• Organizational Success
• Mutual Support
Companies that have signed training agreement: 6 total
GAWDA University On-line
• Butler Gas
• General Distributing Company
• Toll Company
• Welder’s Supply Company of Louisville
• Scott Gross Company
• AWISCO
Employee Users to date: 40
Companies testing program: more than 30
Updated the GAWDA U Brochure to include the 27 current courses and 16 future course offerings.
GAWDA University On-line
GAWDA University On-line
• Contact Kate Cole at Headquarters
• Introductory webinar with Norco
• Receive temporary access to explore program
• Sign training agreement with GAWDA
• Managers receive training from Norco on accessing curricula and maintaining online accounts of employees training
• GAWDA will bill you quarterly based on usage
Program Goal
To provide young executives:
Educational programming
Networking opportunities
Develop skills and knowledge of the industry
Program Eligibility
45 years of age or less
Employed by GAWDA member company
Excited about gases and welding industry
Seeking ways to develop personally & professionally
How Do I Join?
Complete an application at www.GAWDA.ORG
Provide a letter of reference
What Does YE Offer?
Educational sessions at each SMC and annual conventions
Networking events at all conferences
Scholarships to University of Industrial Distribution
Scholarships to many other programs
Annual YE Retreat
GAWDA Edge
Educational Sessions
SMC- Chicago, Il March 21-24
HR Committee presentation on wage and hour compliance
SMC- Asheville, NC April 21-24
Young Execs social event/ Tour of Biltmore estate
Workshops by Horton Group
Young Distribution Professionals Conference
2008 – Eaglewood Resort and Spa Itasca, IL Aug 3-6
Golf Outing
Networking
9 speakers
Attended by 75 people from 40 different distributor associations
GAWDA gave scholarships to 5 member company associates
GAWDA Edge is a publication designed for young professionals to help them grow their careers in the gases and welding industry.
Network online
Ask questions of peers
Learn about the industry
Opportunities for young execs to share with articles.
5700 copies sent out electronically each month
www.gawdaedge.org
Young Executives Volleyball and Beach Party
Celebrate the end of summer with your GAWDA friends.
Enjoy a summertime barbeque, sun, sand and fun while challenging your colleagues to a game of volleyball. Thursday September 25th 10:00am -1:00pmat West Beach.