Members Meeting Recap
26 July 2024
The Member’s Meeting was called to order by President Jim Bourke at 0830 Central Time on
26 July 2024.
Welcome
Jim Bourke welcomed all the members at the meeting for coming.
Membership as of this meeting IAC has 4,034 members compared to 3999 members this time last year.
Dues
Annual Membership Dues Remain $60.
IAC Lifetime membership price increased to $1,295 on May 1, 2024.
Contests
Contest numbers are on track this year. As of the date of the meeting, there have been 17
regional contests with 16 regional and Nationals left in the year. There have been 323 Power and 27 glider participants so far in 2024.
Communications
Lorrie Penner has been overseeing communications such as the magazine, Facebook, Twitter and Instagram. There are over 70 thousand followers per week across all social media. With the increase in social media traffic Lorrie encourages everyone to continue to tag, like and share.
U.S. Nationals 2024
The 2024 Advanced & Unlimited Glider Nationals took place in March at the Estrella Sailport in Maricopa, Arizona with 19 glider pilots participating. The contest director for both this contest and the U.S. Nationals in Salina, Kansas is Shad Coulson. The US National power and Primary Through Intermediate gliders take place September 22-27, 2024.
Election Results
The Nominations Chair certified the following Elections Results with a total of 351 ballots cast:
President
• James Bourke: 196 votes
• Robert Armstrong: 150 votes
Secretary
• Sara Arnold: 183 votes
• Monique Hartmann: 146 votes
Board of Directors (three open seats)
• Marty Flournoy: 214 votes
• Shad Coulson: 188 votes
• Doug Bartlett: 161 votes
• Doug Jenkins: 144 votes
• Joe McMurray: 124 votes
• Rob Dumovic: 92 votes
Treasurer Report
FYE 2025 Analysis - Overall net loss on paper for FYE 2025
Lower than expected revenues relative to the way that EAA amortizes annual and lifetime membership dues. Balance of funds in unearned income are $124,000. There is $62,000 "on account" with EAA.
Deficits have been addressed in the FYE 2025 Budget. Year-end expenses show less than 1% variance from budget which is a STRONG indication that the expenses of the organization are accurate and funds are being well stewarded
FYE 2025 Budget Analysis
Budget reflects some of the income realities such as a decrease in unrestricted donations, loss of major ad sponsor and royalties from Falcon insurance program. Takes into account budget shortfalls from FYE2024. CDARS investments now are returning greater than 4% in interest gains.
Summary
IAC is still in a sound financial position w/more than $400,000 in invested reserves. Relationship with EAA continues to improve and we are looking at options to make it easier to donate to the IAC.
IAC continues to appreciate the financial support of the membership.
Hall of Fame
The 2024 IAC Hall of Fame nominee will be announced by the EAA jointly with the other divisions on National Aviation Day August 19, 2024.
The Hall of Fame Dinner will be held on Thursday October 17, 2024. The Fall Board Meeting will follow Friday and Saturday October 18-19 in Oshkosh, WI.
The meeting adjourned at 0925 AM Central Time.
