Board of Directors
Meeting Minutes
DATE: 1/28/26
EFC Community Room, 1341 W. 26th
Shari Gross called the meeting to order at 5:32 pm.
Attending:
✅ President - Shari Gross
✅ Vice President -Kevin Schaaf
✅ Treasurer - Colleen Daisley
✅ Secretary - George Kilbert
Directors:
✅ Liz Bugbee
✅ Derek Golembeski
✅ Amanda Gates
✅ Sarah Parker
✅ Amanda Kleckner
Staff Personnel:
✅ Chief Executive Officer/General Manager - LeAnna Nieratko
Guests: No member-owner(s) in attendance.
Member Owner Comments: No member-owner comments were made.
Review of Last Month’s Minutes: George Kilbert
Motion was made by Colleen Daisley to accept the minutes as written,
Liz Bugbee seconded. Motion passed.
Treasurer's Report: Colleen Daisley
There were fourteen new members and three requests for return of investment.
The finance committee met on January 21 to review last month's financials before the board meeting. The meeting included a review of the line of credit balance, updates on the cash balance, and discussion of the end-of-year closing process with the accountants.
The next finance committee meeting will be on February 18 at noon.
Motion was made by Amanda Kleckner to accept the Treasurer’s Report, Sarah Parker seconded. Motion passed.
CEO/GM Reporting: LeAnna Nieratko
CEO/GM Report:
Sales were up in December with bulk, produce and frozen all exceeding prior year sales by 14% or more.
Our Margin Minus Labor for December was 20.2% compared to a goal of 17%. Both pre
inventory adjustment margin (41%) and labor (21%) outperformed their goals. Purchasing was
lower in December both because of higher purchasing in November, as well as significant
distributor out-of-stocks. Labor has been trending lower after our administrative reorganization
as planned.
Unadjusted net income for December came in at around $2k, though adjusted with inventory
was -7k.
LeAnna will be attending the NCG Board meeting in Santa Fe NM from Feb 1st- Feb 4th as a
member of the EBIA committee.
Our next bulk sale is coming up February 25th!
CEO/GM Policy Review:
B9 - Emergency CEO/GM Succession: LeAnna presented on the CEO/GM Role and succession planning, highlighting key steps for the BOD to take in the event of an unexpected absence in the CEO/GM role.
Motion was made by Sarah Parker to accept the CEO/GM report and policy review, Liz Bugbee seconded. Motion passed.
Board Policy Evaluation: Shari Gross
Board Policy Review:
D3 - Delegation to the CEO/GM | The board reviewed this policy & reported compliance.
D4 - Evaluation of the CEO/GM | The board reviewed this policy & reported compliance.
Motion was made by Derek Golembeski to accept the Board Policy evaluation & review, Kevin Schaaf seconded. Motion passed.
Board Learning:
Addressing Conflicts of Interest: Shari led a discussion with the BOD regarding Conflicts of Interest. The BOD discussed the importance of transparency and communication with potential Conflicts of Interest, and talked through several possible situations.
New Business:
Charitable Giving Committee: George gave a brief update on the recently formed Charitable Giving Committee. George plans to meet with committee members Derek and Sarah following an upcoming meeting to discuss potential candidates for the non-profit bag program.
Board Visibility: A brief conversation was held about the visibility of board members, and ideas to introduce board members to EFC shoppers in fun ways, in an effort to welcome BOD applicants of more diverse backgrounds.
Closure: Next board meeting is February 25 at 5:30pm.
Motion was made by Amanda Kleckner to adjourn the meeting, Amanda Gates seconded. The meeting adjourned at 6:30 pm.