town hall meeting slides
DESCRIPTION
SHJ Boulder RestructureMay 2008TRANSCRIPT
Sacred Heart of Jesus
Town Hall Meeting
Strategic Restructure
Apr 12, 2023 SHJ Parish Strategic Plan: Church + School 1
Agenda
Opening Prayer History Situation Overview Financial Analysis Impact Action Plan Q&A
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Opening Prayer and Why We are Here
Father Bill
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History
SHJ founded in 1875
Rich history of serving Boulder County
Past six years many challenges
Past three years considered moving
Past 18 months – recommitted to stay in downtown Boulder
TAG and SWAT teams formed 6 months ago to create a sustainability plan
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Our Parish Today
Apr 12, 2023 SHJ Parish Strategic Plan: Church + School
+
We are one.
5
The Situation
SHJ “financially active” congregation has shrunk
Our organization is set up to handle twice the congregation
We have been running a deficit for the last two years
If we don’t act now our savings will be depleted in 15 months
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How We Make Money
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SHJ is Losing Money
2006-2007 deficit= $247,619
2007-2008 deficit= $559,595
The dramatic increase in 2008 losses is due primarily to a flawed budgeting process.
Income from the school tuition and church offertory was over-estimated.
Expenses were based upon budgeted revenues
Expenses now being aligned to actual revenue.
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How did we get here?
Mistakenly Optimistic
Aging Infrastructure/Deferred maintenance
Parish Center was over-staffed for revenue
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Some Facts
The Archdiocese expects the parish to invest approximately $200,000/year in our children by offsetting a portion of the school’s operating costs
Annual offertory giving is down
Several benefactors are willing to make substantial donations for capital projects
Recent increase in work being done by volunteers
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Good News is….
The parish is spiritually vibrant 1000 registered families –
hundreds unregistered 200+ volunteers help run the
church and school Increasing numbers of First
Communicants, Confirmandi, RCIA participants
The parish is solvent
$500K savings Identified ways to generate
revenue and save money
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Action Plan
Actions already taken
New finance council formed Budgeting process reformed Recruiting new controller for parish School tuition for 2008 / 2009 school year
raised by 7% Reduction in parish staff and salaries at
6/30/08 Rebuilt financial model to better manage
future budgets Moving Parish to Pastoral Model
(volunteerism) Implementation of ideas from the SWAT teams
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Action Plan (cont’d)
Actions we still need to undertake
Volunteer Program (paid coordinator, recruitment)
Forming school advisory team Reconstitute the parish council 2008-2009 budget goal- breakeven? Work with other local parishes for ministry
support Live within our means
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Impact to the Church
Ministries will change Religious education, Hispanic, Youth and Liturgy
will be led by volunteers RCIA, Sacramental preparation, school, religious
education will continue Volunteer support will be critical
Less paid help Transition to volunteer staff may take time and
some less important things may not be attended to in a timely manner
Communication may slow down for a while Need to transition to more modern / economical
forms of outreach and build a volunteer staff to assist
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Impact to the School
Mission, education caliber and care for our children will remain unchanged
Finance Council working with Principal (Jan) during budgetary process
School Advisory Team (SAT) will develop long-term plan for financial sustainability (fundraising, drive enrollment, curriculum review, etc.)
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The Future
We Will Become Self-sustaining Vibrant parish – solid donations – exceptional school
– great people
We Must Rely on Volunteers Personnel expense is our largest cost driver
We Must Rebuild Our Savings A healthy savings account has given us a buffer to
avert crisis – we need to rebuild it.
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Questions
Appendix
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Trusted Advisors Group – TAG Teamorganized to address operating deficits
Fr. Bill – Pastor – Responsibility lies with me!
Michelle Anderson – Director of Administration
SHJ parishioner for 15 years, mother of two former SHJ students, Previously Director of Religious Education at SHJ, 20 years business experience
Jan Altevogt – School Principal Joel Daly
New Chair of Finance Committee, father of 4 SHJ students, entrepreneur founder and COO of several high tech companies, managed 800 employees and $100M revenue
Randy Middleton Recently baptized at SHJ, VP and GM
for $75M 2500 employee business unit with ABSS, experience with organizational restructuring and change management
Bob Di Scipio Father of four children all have
attended or are attending SHJ school. 24 years business experience in various roles. CEO of Biotech / Pharmaceutical Software company. Experienced lawyer in corporate and tax law.
Neil Schiffhauer Parish Council chairperson, retired
IBM executive, returned to the Catholic Church in 2001 here at SHJ with the support of Fr. Bill and the RCIA team.
Paul Berberian SHJ parishioner for 6 years,
entrepreneur founded five companies CEO of three, took one went public in 2000, managed $75M revenue and over 400 employees
James Cavanagh Director of Evangelization &
Catechesis Archdiocese of Denver Terry Gallagher
Parishioner of SHJ for 74 years, SHJ school alumnus, employed in the oil industry for over 50 years and in management for the past 40 years
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Organizational Chart
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Finance CouncilFinance Council
Parish CouncilParish Council
Parochial VicarParochial Vicar
SHJ is Losing Money
Apr 12, 2023 SHJ Parish Strategic Plan: Church + School
• The dramatic increase in 2008 losses is due primarily to a flawed budgeting process.
• Income from the school and church was overestimated.
• Expenses were not reduced in expectation of lower income. * Year End June 30
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