Board of Directors
Meeting Minutes
DATE: 2/25/26
EFC Community Room, 1341 W. 26th
Shari Gross called the meeting to order at 5:34 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: One member-owner in attendance.
Member Owner Comments: A request was made for information regarding the business plan and strategic goals. Shari will work on providing the information.
Review of Last Month’s Minutes: Liz Bugbee
Motion was made by Amanda Kleckner to accept the minutes as written,
Sarah Parker seconded. Motion passed.
Treasurer's Report: Colleen Daisley
There were twenty six new members and zero requests for return of investment.
The finance committee met on February 2 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 a review of the CEO/GM report.
The next finance committee meeting will be on March 18 at noon.
Motion was made by Liz Bugbee to accept the Treasurer’s Report, Kevin Schaaf seconded. Motion passed.
CEO/GM Reporting: LeAnna Nieratko
CEO/GM Report:
Sales were up in January with bulk and frozen all exceeding prior year sales by 10% or more.
Unadjusted net income for January was negative although 13% higher than last year. There were some large expenses in January but these were reduced over last year by 12%. The larger expenses reduced cash and required utilization of the line of credit. It is expected to be paid off by the next payroll.
CEO/GM Policy Review:
B1: Financial Condition: LeAnna reported on the policy highlighting non-compliance with cash on hand and net income. The action plans to address these items have been discussed previously and are ongoing. Progress is being made and sales continue to be very good and overall are rising.
Motion was made by Derek Golembeski to accept the CEO/GM report and policy review, Colleen Daisley seconded. Motion passed.
Board Policy Evaluation: Shari Gross
Board Policy Review:
C1: Governing Style | The board reviewed this policy & reported compliance.
Motion was made by Sarah Parker to accept the Board Policy evaluation & review, Colleen Daisley seconded. Motion passed.
Board Learning: no learning scheduled at this meeting
New Business:
Member Linkage: Thanks to board members who have worked on bio’s that can be shared with co-op members and shoppers. Discussions were had about how to present this information with possible videos at some point. Another point of discussion was to make inclusivity a part of the board's work through both member engagement and board recruitment.
CCMA: The conference is at the end of May in Tacoma. One board member may be able to attend and interested board members were identified.
Closure: Next board meeting is March 25 at 5:30pm.
Motion was made by Derek Golembeski to adjourn the meeting, Colleen Daisley seconded. The meeting adjourned at 6:18 pm.