Board of Directors
Meeting Minutes
Wednesday, May 28, 2025
EFC Community Room, 1341 W. 26th
Shari Gross called the meeting to order at 5:32pm.
Attending: President - Shari Gross, Vice President -Kevin Schaaf, Treasurer - Colleen Daisley, Secretary - Liz Bugbee; Directors: Derek Golembeski, Sarah Parker, Amanda Kleckner
Staff Personnel: Chief Executive Officer/General Manager - LeAnna Nieratko
Guests: No member-owners in attendance.
Member Owner Comments: No comments at this time.
Review of Last Month’s Minutes: Liz Bugbee
Motion was made by Derek Golembeski to accept the minutes as written. Colleen Daisley seconded. Motion passed.
Treasurer's Report: Colleen Daisley
Board Budget: The finance committee reviewed the board budget and recommended to the full board that the budget remain the same. Motion was made by Sarah Parker and seconded by Derek Golembeski. Motion passed by unanimous vote.
There were 48 new members and 4 requests for return of investment
Motion was made by Kevin Schaaf to accept the treasurer’s report. Liz Bugbee seconded. Motion passed.
CEO/GM Reporting: LeAnna Nieratko
CEO/GM Report: LeAnna presented and reviewed the April report. Sales were up and both wage expense and net income met set goals. Cash is steadily increasing, and margin is good with some room for improvement in food service. A grant has been acquired to repair the roof.
B1: Financial Condition: LeAnna reported evidence of compliance with all parts of the policy with the exception of B1.2: net income and B1.3: cash on hand. This report is for the 3rd quarter and includes the period of store closure in January. The action plan put in place will continue as both metrics have been improving to date.
**Business Plan:** LeAnna presented the business plan, continuing the focus on a vision of financial security, happy customers/staff, and commitment to our Ends. The plan includes the utilization of consistency, cooperation, and communication to achieve our goals.
B2: Planning and Financial Budgeting: LeAnna reports compliance with all parts of the policy.
Motion was made by Colleen Daisley to accept the CEO/GM report and policy review. Sarah Parker seconded. Motion passed.
Board Policy Evaluation: Shari Gross
C8: Governance Investment: A majority of Board Members reported compliance with all sections of the policy, citing relevant evidence.
Motion was made by Derek Golembeski to accept the policy review. Liz Bugbee seconded. Motion passed.
Board Learning: nothing to report at this time.
New Business:
Member Linkage Committee: The committee met and the chair, Amanda Gates, will have a report at the next meeting.
Nominating Committee: The committee reviewed and edited the online application allowing for candidates to attach files directly to the form. The committee reviewed the application timeline and suggested that the deadline be moved 2 weeks earlier to allow for adequate time for application review.
Board Retreat: Shari will speak with Molly about rescheduling in the late summer/fall.
Crisis Management Policy: Shari proposed that the board develop a policy that will help the board function in times of crisis or disruption. The policy committee will meet to begin the process.
Closure: Next board meeting is June 25, 2025 at 5:30pm.
Motion was made by Derek Golembeski to adjourn the meeting. Kevin Schaaf seconded. Meeting adjourned at 7:07pm.